{"id":605013,"date":"2018-12-19T04:17:38","date_gmt":"2018-12-19T04:17:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/19\/careem-in-talks-with-banks-in-egypt-to-finance-drivers-cars\/"},"modified":"2018-12-19T04:17:38","modified_gmt":"2018-12-19T04:17:38","slug":"careem-in-talks-with-banks-in-egypt-to-finance-drivers-cars","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/19\/careem-in-talks-with-banks-in-egypt-to-finance-drivers-cars\/","title":{"rendered":"Careem in talks with banks in Egypt to finance drivers\u2019 cars"},"content":{"rendered":"

Ride-hailing app Careem is in talks with three Egyptian banks to expand financing plans for Careem drivers <\/b>who want to buy new vehicles, Careem Egypt CEO Wael Abou El Ela revealed, according to Al Mal<\/a>. Some 1,000 drivers have financed new vehicles through the company\u2019s existing agreement with Sarwa Capital. Abou El Ela also said Careem is working with<\/a> the Madbouly government on the Ride-hailing Apps Act, which is scheduled to be released soon<\/a>, especially concerning the ability of drivers to work with more than one service provider at a time.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ride-hailing app Careem is in talks with three Egyptian banks to expand financing plans for Careem drivers who want to buy new vehicles, Careem Egypt CEO Wael Abou El Ela revealed, according to Al Mal. Some 1,000 drivers have financed new vehicles through the company\u2019s existing agreement with Sarwa Capital. Abou El Ela also said […]<\/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":[8572],"tags":[442,933,72,328,9098,2380,11519],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605013","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-careem","tag-contact-financial","tag-enterpriseam","tag-ride-hailing","tag-ride-hailing-apps-act","tag-speed-round","tag-wael-abou-el-ela","wpautop","entry"],"acf":{"mongo_id":"86f02c87-628e-487c-adfc-b7e470f670f6","order":"0","is_powered_by":true,"section_story_id":"2b7447c1-fd90-4e93-9d7d-b8757b670552","story_type":"1","photo_url":"","photo_position":"above","related_issue":[605006],"teaser":"","voice_url":""},"yoast_head":"\nCareem in talks with banks in Egypt to finance drivers\u2019 cars - 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\/2018\/12\/19\/careem-in-talks-with-banks-in-egypt-to-finance-drivers-cars\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Careem in talks with banks in Egypt to finance drivers\u2019 cars\" \/>\n<meta property=\"og:description\" content=\"Ride-hailing app Careem is in talks with three Egyptian banks to expand financing plans for Careem drivers who want to buy new vehicles, Careem Egypt CEO Wael Abou El Ela revealed, according to Al Mal. Some 1,000 drivers have financed new vehicles through the company\u2019s existing agreement with Sarwa Capital. 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We are still yet to hear from the Egyptian Competition Authority regarding the USD 3.1 bn Uber-Careem merger earlier this year. The regulator threatened\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626101,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/30\/careem-egypt-appoints-wael-abou-el-ela-as-new-country-gm\/","url_meta":{"origin":605013,"position":2},"title":"Careem Egypt appoints Wael Abou El Ela as new country GM","author":"enterpriseam admin","date":"30 August 2018","format":false,"excerpt":"MOVES- Wael Abou El Ela was named yesterday as Careem Egypt\u2019s new general manager, Youm7 reports. 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Drivers at ride-hailing companies Uber and Careem called on social media for a strike today to protest the delay in the issuance of the executive regulations that are set to govern the Ride-Hailing Apps Act, Al\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625553,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/08\/white-taxis-have-turned-down-talks-to-integrate-with-careem\/","url_meta":{"origin":605013,"position":4},"title":"White taxis have turned down talks to integrate with Careem","author":"enterpriseam admin","date":"8 August 2018","format":false,"excerpt":"White taxi drivers turned down a proposal from ride-hailing app Careem to begin discussions about including them in the company\u2019s fleet, Country Planning Director Haitham Nassar said yesterday, Al Mal reports. Cab drivers apparently believe that joining Careem\u2019s fleet would put them at an unfair advantage and force them to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621275,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/uber-careem-to-pay-22-5-corporate-tax-drivers-to-pay-3\/","url_meta":{"origin":605013,"position":5},"title":"Uber, Careem to pay 22.5% corporate tax; drivers to pay 3%","author":"enterpriseam admin","date":"5 November 2018","format":false,"excerpt":"** #5 EXCLUSIVE- Uber, Careem to pay 22.5% corporate tax; drivers to pay 3%: Ride-hailing apps Uber and Careem have reached a tax agreement with the government that would see them pay 22.5% in corporate taxes, a government source told Enterprise. 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