{"id":544339,"date":"2022-02-28T14:00:02","date_gmt":"2022-02-28T14:00:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/this-evening-careem-to-invest-in-elmenus-talks-between-russian-and-ukrainian-officials-are-currently-underway\/"},"modified":"2022-02-28T14:00:02","modified_gmt":"2022-02-28T14:00:02","slug":"this-evening-careem-to-invest-in-elmenus-talks-between-russian-and-ukrainian-officials-are-currently-underway","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/this-evening-careem-to-invest-in-elmenus-talks-between-russian-and-ukrainian-officials-are-currently-underway\/","title":{"rendered":"THIS EVENING: Careem to invest in Elmenus + Talks between Russian and Ukrainian officials are currently underway"},"content":{"rendered":"<p><strong>Good afternoon, wonderful people. <\/strong>We have another issue stacked with updates from Ukraine today, as well as a few pieces to get you thinking about the bigger picture on the conflict and its fallout. But first, on the home front\u2026<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Uber subsidiary Careem is investing an undisclosed amount into Egyptian homegrown<\/strong><strong> food ordering platform Elmenus<\/strong>, the Dubai-based company said in a statement cited by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-02-28\/uber-s-careem-is-latest-investor-in-egyptian-food-delivery-scene?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>. The investment will \u201cextend our reach in one of our largest ride-hailing markets,\u201d Careem co-founder and CEO Mudassir Sheikha reportedly wrote in the statement, adding that the move also helps it take a further step towards launching its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cc287a71-28fb-4b51-89b2-3c13cd8090a2\">super app<\/a> across the region. The service is currently available in cities across Saudi Arabia, the UAE, Jordan, Pakistan and Qatar. The company had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1641c569-a723-4b38-aaa4-7b78c162fc48\">flagged<\/a> last month its plans to expand into food delivery \u2014 a market worth an estimated USD 2.8 bn in Egypt.<\/p>\n<p><strong>^^We\u2019ll have more<\/strong> on this story and others in tomorrow\u2019s edition of <strong>EnterpriseAM<\/strong>.<\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>War in Ukraine threatens GASC\u2019s latest tender:<\/strong> Traders <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fbfcf412-5b92-49e4-95c5-a9bbc2d70afc\">have warned<\/a> GASC of supply difficulties ahead of today\u2019s wheat tender as conflict rages between major growers Russia and Ukraine, with some saying they won\u2019t be able to offer Black Sea wheat due to the turmoil.<\/li>\n<li><strong>FinMin looks to roll out B2B e-invoicing for Cairo by June, fully digitize tax system by December:<\/strong> All B2B invoices issued by businesses based in the Greater Cairo Area will be automated by June and B2C invoices across the country will be fully automated by December, as will B2B invoices from firms in the Delta, Lower Egypt and Upper Egypt, director of taxpayer services at the Tax Authority Mohsen El Gayar <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/18d53df7-c601-478e-8d52-5674b63b988f\">told Enterprise<\/a>.<\/li>\n<li><strong>Plenty of interest in desalination projects:<\/strong> Eleven companies, including the familiar faces of Metito Holdings, ACWA Power, Al Nowais, Schneider Electric, and Orascom Construction, are <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b75b641-bb5e-436c-940d-99f0175103c7\">reportedly planning<\/a> to bid on desalination projects worth a combined USD 2.8 bn.<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>WAR WATCH- Talks between Russian and Ukrainian officials at the<\/strong><strong> Belarusian border are currently underway<\/strong>, after kicking off a couple of hours ago, <a href=\"https:\/\/www.reuters.com\/world\/europe\/russias-isolation-deepens-ukraine-resists-invasion-2022-02-28\/\">Reuters<\/a> reports. Ukraine went in with the aim of reaching an immediate ceasefire and the withdrawal of Russian forces from the country, Ukraine\u2019s <a href=\"https:\/\/www.facebook.com\/mvs.gov.ua\/posts\/320979820057674\">interior ministry said<\/a>, while the Kremlin has been more tight-lipped on what it\u2019s angling for in the talks.<\/p>\n<p><strong>Not very conducive to a ceasefire:<\/strong> Russia\u2019s defense ministry has placed its nuclear missile forces, its Northern and Pacific fleets, and long-range aviation on \u201cenhanced combat duty\u201d today, following Russian President Vladimir Putin\u2019s orders yesterday to put the country\u2019s nuclear forces on high alert, according to Russia\u2019s <a href=\"https:\/\/interfax.com\/newsroom\/top-stories\/74752\/\">Interfax<\/a> news agency.<\/p>\n<p><strong>There are also reports of \u201cstrong shelling\u201d in Kharkiv, Ukraine\u2019s second-largest city, as the ceasefire talks are ongoing<\/strong>, Ukraine\u2019s interior ministry said, according to <a href=\"https:\/\/uk.news.yahoo.com\/ukraine-invasion-russian-advance-meets-073700369.html\">Sky News<\/a>. Ukrainian forces have so far repelled Russia\u2019s attempts to take over the capital city of Kyiv and Kharkiv.<\/p>\n<p><strong>The talks began after Russian forces took over two small cities Berdyansk and Enerhodar<\/strong> in southeastern Ukraine and the <a href=\"https:\/\/interfax.com\/newsroom\/top-stories\/74697\/\">Zaporizhzhya region<\/a> and the area surrounding its nuclear power plant, <a href=\"https:\/\/interfax.com\/newsroom\/top-stories\/74698\/\">Interfax<\/a> reported. Operations at the plant are continuing normally, according to <a href=\"https:\/\/interfax.com\/newsroom\/top-stories\/74697\/\">Interfax<\/a>, which reported Ukraine refuting that Russia has seized the plant.<\/p>\n<p><strong>More sanctions from the UK:<\/strong> Foreign Secretary Liz Truss is due to make a statement to the UK House of Commons on further sanctions against Russia at 5:30pm CLT, <a href=\"https:\/\/news.sky.com\/story\/ukraine-russia-war-latest-news-putin-nuclear-deterrent-invasion-belarus-live-updates-12541713?postid=3441886#liveblog-body\">Sky News<\/a> reports. A statement on corporate transparency and economic crime measures will also be made by Business Secretary, Kwasi Kwarteng. Among the <a href=\"https:\/\/news.sky.com\/story\/ukraine-russia-war-latest-news-putin-nuclear-deterrent-invasion-belarus-live-updates-12541713?postid=3440039#liveblog-body\">fresh sanctions<\/a> London is slapping on Moscow: Banning any UK entities from doing business with the Russian central bank, finance ministry and wealth fund. Russian financial institutions and companies will be barred from issuing transferable securities and money market instruments in the UK per the new sanctions.<\/p>\n<p><strong>Russia clapped back with its own measures<\/strong>, blocking off its airspace from airlines from 36 countries, including Britain, Germany, Spain, Italy and Canada in response to sanctions, <a href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/russia-imposes-sweeping-flight-bans-airlines-36-countries-2022-02-28\/\">Reuters<\/a> reports.<\/p>\n<p><strong>Meanwhile, on the economic front: The Bank of Russia hiked its interest rates to their highest since 2003 <\/strong>as it looks to contain the economic fallout from the invasion in Ukraine and ensuing <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7b5dd099-c730-4020-b3f8-255161e7db89\">Western sanctions<\/a>, according to <a href=\"https:\/\/www.cbr.ru\/eng\/press\/keypr\/\">a statement<\/a>. The bank raised key interest rates to 20% from 9.5%.<\/p>\n<p><strong>The Russian central bank <\/strong><strong><a href=\"https:\/\/www.cbr.ru\/eng\/press\/pr\/?file=28022022_073700ENG_PP28022022_113149.htm\">also imposed<\/a><\/strong><strong> some controls on capital flow<\/strong>, including temporarily barring brokers from selling orders of securities held by foreigners on the exchange. It also imposed mandatory hard-currency revenue sales for exporters. The emergency move comes after the US and the European Union approved penalizing Moscow through shutting off around USD 640 bn in international reserves of the Russian central bank and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7b5dd099-c730-4020-b3f8-255161e7db89\">cutting off<\/a> some Russian banks from the SWIFT global payment system.<\/p>\n<p><strong>The Russian-Ukrainian war has led the RUB to plunge to a record low, falling nearly 30% against the USD<\/strong> in offshore trading today. The currency dropped to almost 118 against the USD, according to <a href=\"https:\/\/www.bloomberg.com\/quote\/USDRUB:CUR?sref=mmeFTDW1\">Bloomberg data<\/a>. The RUB had already suffered heavily last week, sliding to lows after the invasion and tough US and EU sanctions. The central bank called off this morning\u2019s FX, money market, and repo trading session at the Moscow Exchange.<\/p>\n<p><strong>On the energy front, European natural gas futures jumped around 36%<\/strong> amid worries that the imposed sanctions could lead to energy shortages, <a href=\"https:\/\/www.bloombergquint.com\/onweb\/european-gas-jumps-as-sanctions-spur-energy-shortage-concerns#:~:text=(Bloomberg)%20%2D%2D%20European%20natural%20gas,fueled%20concerned%20about%20energy%20shortages.\">Bloomberg<\/a>reports.<\/p>\n<p><strong>O<\/strong><strong>n the humanitarian front<\/strong><strong>:<\/strong> Some 500k people have fled Ukraine since the invasion began last week, the UN refugee agency UNHCR head Filippo Grandi <a href=\"https:\/\/twitter.com\/FilippoGrandi\/status\/1498247150953799680?cxt=HHwWgIC9pZD268opAAAA\">announced<\/a> on Twitter.<\/p>\n<p><strong>Ukrainians fleeing the war may be granted by the EU the right to stay for up to three years<\/strong>, <a href=\"https:\/\/www.reuters.com\/world\/europe\/eu-plans-grant-ukrainians-right-stay-up-3-years-2022-02-28\/\">Reuters<\/a> reports, citing senior EU and French officials. The move would provide protection similar to one provided under the EU temporary protection directive, which has never been used so far. The protection directive provides a residence permit, jobs access, social welfare and medical treatment for 1-3 years in all EU states. EU ministers will meet on Thursday to agree on the details related to the protection.<\/p>\n<p><strong>Airbnb also wants in<\/strong>, <a href=\"https:\/\/news.airbnb.com\/help-ukraine\/\">offering to provide<\/a> temporary housing for up to 100k Ukrainian refugees fleeing the war to neighboring states at no charge. The housing will be funded by the company, donors, and hosts on the app.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>EFG Hermes\u2019 <\/strong><strong><a href=\"https:\/\/ent.news\/2022\/2\/EFG-Hermes-5th-Virtual-Investor-Conference-English.pdf\">5th Virtual Investor Conference<\/a><\/strong><strong> kicked off today under the headline<\/strong><strong> Change and Opportunity in FEM. <\/strong>The online event will bring together executives from 226 companies representing 35 countries as well as over 750 investors representing 277 financial institutions. The conference will run until 8 March.<\/p>\n<p><strong>It\u2019s your last day to <\/strong><strong><a href=\"https:\/\/www.plugandplaytechcenter.com\/cairo\/#apply\">apply<\/a><\/strong> <strong>for the incubator and accelerator program for digital<\/strong> <strong>transformation-focused startups <\/strong>from the Information Technology Industry Development Agency and US-based VC firm <a href=\"https:\/\/www.plugandplaytechcenter.com\/\">Plug and Play<\/a>, in partnership with our friends at USAID. The \u201cSmart Cities\u201d innovation hub will select 20-30 Egypt-based companies for its inaugural three-month program, which starts in March.<\/p>\n<p><strong><a href=\"https:\/\/futuredc.org\/\">The Future of Data Centers Summit<\/a><\/strong> takes place today and tomorrow at the InterContinental CityStars.<\/p>\n<p><strong>Contemporary art and culture center <\/strong><strong><a href=\"https:\/\/www.facebook.com\/3031ArtFest\/\">Darb1718<\/a><\/strong><strong> is hosting its <\/strong><strong><a href=\"https:\/\/collardtickets.com\/event\/3031-art-festival\/?s=1\">3031 Art Festival<\/a><\/strong> from 4-12 March on its premises in Fustat, Old Cairo. Unique collections of multidisciplinary art will be on display along with live music, dance, theater performances, and interactive workshops. Guest speakers <a href=\"https:\/\/www.adsumart.com\/home\">Adsum Art Consultancy<\/a> will be on hand to discuss investing in art. Catch a full day of activities from 1:00pm\u20139:30pm on weekends and weekdays from 4:00pm\u201310:00pm.<\/p>\n<p><strong>Consoleya<\/strong><strong> is holding its second <\/strong><strong><a href=\"https:\/\/www.eventbrite.com\/e\/consoleya-women-meet-up-inclusivity-in-investment-more-tickets-274903282117\">Women Meet-up<\/a><\/strong><strong> this Wednesday, 2 March to discuss<\/strong> <strong>topics including inclusivity in investment.<\/strong> The agenda includes a panel discussion on gender-lens funding here in Egypt.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/www.facebook.com\/Diarna.moss\">Diarna Handicrafts Fair<\/a><\/strong><strong> kicked off last Thursday<\/strong> and runs through 7 March at Cairo Festival City from 10am until 10pm daily.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>You won\u2019t get too cold tomorrow evening, as the nighttime low is at 15\u00b0C \u2014 higher than it has been in a while, our favorite weather app tells us. The day also promises to be warm, with the mercury rising to 25\u00b0C.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, wonderful people. We have another issue stacked with updates from Ukraine today, as well as a few pieces to get you thinking about the bigger picture on the conflict and its fallout. But first, on the home front\u2026 THE BIG STORY TODAY Uber subsidiary Careem is investing an undisclosed amount into Egyptian homegrown [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7213],"tags":[1225,1228,442,84,1226,1229,633,125,270,441,304,1230,634,1227],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544339","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-airbnb","tag-berdyansk","tag-careem","tag-efg-hermes","tag-elmenus","tag-enerhodar","tag-enterprisepm","tag-investment-watch","tag-russia","tag-uber","tag-ukraine","tag-virtual-investor-conference","tag-what-were-tracking-tonight","tag-zaporizhzhya","wpautop","entry"],"acf":{"mongo_id":"d851473b-621e-4040-aa50-88d946fbde6b","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[544337],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS EVENING: Careem to invest in Elmenus + Talks between Russian and Ukrainian officials are currently underway - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/this-evening-careem-to-invest-in-elmenus-talks-between-russian-and-ukrainian-officials-are-currently-underway\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Careem to invest in Elmenus + Talks between Russian and Ukrainian officials are currently underway\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, wonderful people. We have another issue stacked with updates from Ukraine today, as well as a few pieces to get you thinking about the bigger picture on the conflict and its fallout. But first, on the home front\u2026 THE BIG STORY TODAY Uber subsidiary Careem is investing an undisclosed amount into Egyptian homegrown [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/this-evening-careem-to-invest-in-elmenus-talks-between-russian-and-ukrainian-officials-are-currently-underway\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-28T14:00:02+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/this-evening-careem-to-invest-in-elmenus-talks-between-russian-and-ukrainian-officials-are-currently-underway\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/this-evening-careem-to-invest-in-elmenus-talks-between-russian-and-ukrainian-officials-are-currently-underway\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS EVENING: Careem to invest in Elmenus + Talks between Russian and Ukrainian officials are currently underway\",\"datePublished\":\"2022-02-28T14:00:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/this-evening-careem-to-invest-in-elmenus-talks-between-russian-and-ukrainian-officials-are-currently-underway\/\"},\"wordCount\":1396,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Airbnb\",\"Berdyansk\",\"Careem\",\"EFG Hermes\",\"Elmenus\",\"Enerhodar\",\"EnterprisePM\",\"investment watch\",\"Russia\",\"Uber\",\"Ukraine\",\"Virtual Investor Conference\",\"WHAT WE\u2019RE TRACKING TONIGHT\",\"Zaporizhzhya\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/this-evening-careem-to-invest-in-elmenus-talks-between-russian-and-ukrainian-officials-are-currently-underway\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/this-evening-careem-to-invest-in-elmenus-talks-between-russian-and-ukrainian-officials-are-currently-underway\/\",\"name\":\"THIS EVENING: Careem to invest in Elmenus + Talks between Russian and Ukrainian officials are currently underway - 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We have another issue stacked with updates from Ukraine today, as well as a few pieces to get you thinking about the bigger picture on the conflict and its fallout. But first, on the home front\u2026 THE BIG STORY TODAY Uber subsidiary Careem is investing an undisclosed amount into Egyptian homegrown [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/this-evening-careem-to-invest-in-elmenus-talks-between-russian-and-ukrainian-officials-are-currently-underway\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-02-28T14:00:02+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/this-evening-careem-to-invest-in-elmenus-talks-between-russian-and-ukrainian-officials-are-currently-underway\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/this-evening-careem-to-invest-in-elmenus-talks-between-russian-and-ukrainian-officials-are-currently-underway\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"THIS EVENING: Careem to invest in Elmenus + Talks between Russian and Ukrainian officials are currently underway","datePublished":"2022-02-28T14:00:02+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/this-evening-careem-to-invest-in-elmenus-talks-between-russian-and-ukrainian-officials-are-currently-underway\/"},"wordCount":1396,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Airbnb","Berdyansk","Careem","EFG Hermes","Elmenus","Enerhodar","EnterprisePM","investment watch","Russia","Uber","Ukraine","Virtual Investor Conference","WHAT WE\u2019RE TRACKING TONIGHT","Zaporizhzhya"],"articleSection":["WHAT WE\u2019RE TRACKING TONIGHT"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/this-evening-careem-to-invest-in-elmenus-talks-between-russian-and-ukrainian-officials-are-currently-underway\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/this-evening-careem-to-invest-in-elmenus-talks-between-russian-and-ukrainian-officials-are-currently-underway\/","name":"THIS EVENING: Careem to invest in Elmenus + Talks between Russian and Ukrainian officials are currently underway - 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The investment will \u201cextend our reach in one of our largest ride-hailing markets,\u201d Careem co-founder and CEO Mudassir Sheikha was quoted as saying in the statement,\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/4.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":669167,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/29\/walid-el-saadany-named-new-elmenus-ceo-succeeding-amir-allam\/","url_meta":{"origin":544339,"position":1},"title":"Walid El Saadany named new Elmenus CEO, succeeding Amir Allam","author":"enterpriseam admin","date":"29 July 2025","format":false,"excerpt":"\u201cIt is now the right time to pass the baton as the company enters a new phase of sustainable growth,\u201d said outgoing CEO Amir Allam","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1785.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542809,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/18\/careem-to-increase-investment-in-egypt\/","url_meta":{"origin":544339,"position":2},"title":"Careem to increase investment in Egypt","author":"enterpriseam admin","date":"18 January 2022","format":false,"excerpt":"Careem plans to triple its investment in Egypt in 2022, Haitham Essam, head of the company\u2019s Egypt business, told Ahram Online. The ride-hailing company wants to have deployed USD 11 mn in its local operations by the end of the year, up from USD 3.6 mn at the end of\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566957,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/08\/uber-careem-merger-official-in-egypt-saudi-uae-jordan\/","url_meta":{"origin":544339,"position":3},"title":"Uber-Careem merger official in Egypt, Saudi, UAE, Jordan","author":"enterpriseam admin","date":"8 January 2020","format":false,"excerpt":"M&A WATCH- Uber-Careem merger done in Egypt, Saudi, UAE, Jordan: Uber has formally closed its acquisition of Careem in most major markets, including Egypt. The transaction is still pending regulatory approvals to close in Qatar, Pakistan, and Morocco, Uber said in a statement. For now, Careem will become a wholly-owned\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/540.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571245,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/ubereats-exits-middle-east-as-subsidiary-careem-announces-layoffs-closes-bus-service\/","url_meta":{"origin":544339,"position":4},"title":"UberEats exits Middle East as subsidiary Careem announces layoffs, closes bus service","author":"enterpriseam admin","date":"5 May 2020","format":false,"excerpt":"UberEats exits Middle East as subsidiary Careem announces layoffs, closes bus service: Ride-hailing giant Uber\u2019s plans for expansion in the MENA region took a hit yesterday after the company announced that it would discontinue its food delivery platform UberEats regionwide. The company has struggled to gain a foothold in the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/5\/32.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597774,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/egyptian-competition-authority-uber-careem-meet-to-smooth-out-regulatory-snags-in-merger-process\/","url_meta":{"origin":544339,"position":5},"title":"Egyptian Competition Authority, Uber, Careem meet to smooth out regulatory snags in merger process","author":"enterpriseam admin","date":"5 May 2019","format":false,"excerpt":"Competition authority meets with Uber, Careem on merger: The Egyptian Competition Authority (ECA) met on Thursday with representatives from Uber and Careem to discuss the regulatory approvals necessary for the ride-hailing companies\u2019 planned merger, the ECA said in a statement (pdf). 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