{"id":625026,"date":"2018-09-25T04:18:31","date_gmt":"2018-09-25T04:18:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/"},"modified":"2018-09-25T04:18:31","modified_gmt":"2018-09-25T04:18:31","slug":"singapore-fines-uber-and-grab-for-merger","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/","title":{"rendered":"Singapore fines Uber and Grab for merger"},"content":{"rendered":"

Singapore competition watchdog fines Uber and Grab: <\/strong>Singapore\u2019s Competition and Consumer Commission fined ride-hailing companies Uber and Grab with a combined USD 9.5 mn on Monday as their merger earlier this year was blamed for driving prices up, Reuters says<\/a>. Effective fares on Grab rose 10-15% after Uber Technologies Inc sold its Southeast Asian business to regional rival Grab in March for a 27.5% stake. Uber said it may appeal the decision.<\/p>\n

Our own competition watchdog is taking note: <\/strong>You can expect the Singapore ruling to enter the arsenal of the Egyptian Competition Authority (ECA), which has repeatedly warned Uber and regional rival Careem against merger talks. The two sides are in talks on a transaction that could be worth as much as USD 2-2.5 bn<\/a>. The ECA had used a previous ruling against the Grab-Uber merger by the Singapore competition watchdog to warn Uber and Careem<\/a>.<\/p>\n

In other ride-hailing merger news<\/strong>,Careem has acquired Indian bus shuttle service app Commut Bloomberg reports<\/a>. The report did not mention the size of the acquisition.<\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore competition watchdog fines Uber and Grab: Singapore\u2019s Competition and Consumer Commission fined ride-hailing companies Uber and Grab with a combined USD 9.5 mn on Monday as their merger earlier this year was blamed for driving prices up, Reuters says. Effective fares on Grab rose 10-15% after Uber Technologies Inc sold its Southeast Asian business […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625026","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"17430a57-899e-4404-abae-9fd788a97905","order":"0","is_powered_by":true,"section_story_id":"c9d52fa4-bfe2-46c6-8ab5-bc9cd3b13f29","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625008],"teaser":"","voice_url":""},"yoast_head":"\nSingapore fines Uber and Grab for merger - 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\/09\/25\/singapore-fines-uber-and-grab-for-merger\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Singapore fines Uber and Grab for merger\" \/>\n<meta property=\"og:description\" content=\"Singapore competition watchdog fines Uber and Grab: Singapore\u2019s Competition and Consumer Commission fined ride-hailing companies Uber and Grab with a combined USD 9.5 mn on Monday as their merger earlier this year was blamed for driving prices up, Reuters says. Effective fares on Grab rose 10-15% after Uber Technologies Inc sold its Southeast Asian business […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-25T04:18:31+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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Singapore fines Uber and Grab for merger\",\"datePublished\":\"2018-09-25T04:18:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/\"},\"wordCount\":179,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/\",\"name\":\"Singapore fines Uber and Grab for merger - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-09-25T04:18:31+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Singapore fines Uber and Grab for merger\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Singapore fines Uber and Grab for merger - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/","og_locale":"en_US","og_type":"article","og_title":"Singapore fines Uber and Grab for merger","og_description":"Singapore competition watchdog fines Uber and Grab: Singapore\u2019s Competition and Consumer Commission fined ride-hailing companies Uber and Grab with a combined USD 9.5 mn on Monday as their merger earlier this year was blamed for driving prices up, Reuters says. Effective fares on Grab rose 10-15% after Uber Technologies Inc sold its Southeast Asian business […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-09-25T04:18:31+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Singapore fines Uber and Grab for merger","datePublished":"2018-09-25T04:18:31+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/"},"wordCount":179,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/","name":"Singapore fines Uber and Grab for merger - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-09-25T04:18:31+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/singapore-fines-uber-and-grab-for-merger\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Singapore fines Uber and Grab for merger"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":623267,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/egypt-competition-watchdog-warns-uber-and-careem-of-fines-up-to-egp-500-mn-each-in-case-of-merger\/","url_meta":{"origin":625026,"position":0},"title":"Egypt competition watchdog warns Uber and Careem of fines up to EGP 500 mn each in case of merger","author":"enterpriseam admin","date":"25 October 2018","format":false,"excerpt":"** #1 Competition watchdog warns Uber and Careem of fines up to EGP 500 mn each in case of merger: The Egyptian Competition Authority (ECA) has sent another sharp, unprecedented warning to ride-hailing companies Uber and Careem that they could be fined up to EGP 500 mn each if they\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":622500,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/el-sisi-met-uber-ceo-khosrowshahi-as-competition-watchdogs-warning-against-potential-careem-merger-loom\/","url_meta":{"origin":625026,"position":1},"title":"El Sisi met Uber CEO Khosrowshahi as competition watchdog\u2019s warning against potential Careem merger loom","author":"enterpriseam admin","date":"3 October 2018","format":false,"excerpt":"** #3 El Sisi met Uber CEO Khosrowshahi: Uber CEO Dara Khosrowshahi discussed the company\u2019s operations in Egypt and investment plans going forward with President Abdel Fattah El Sisi last week on the sidelines of the 73rd UN General Assembly in New York, the company said in a statement (pdf)\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":624270,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/uber-careem-get-blunt-public-warning-from-competition-authority\/","url_meta":{"origin":625026,"position":2},"title":"Uber, Careem get blunt, public warning from Competition Authority","author":"enterpriseam admin","date":"4 September 2018","format":false,"excerpt":"Competition watchdog gives Uber, Careem get blunt, public warning against merger: The Egyptian Competition Authority (ECA) took the relatively unusual step yesterday of publicly warning Uber and Careem against a merger. Couched in the verbiage of the agency, the ECA noted in a statement to the press (pdf) that it\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":621902,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/careem-in-talks-with-adviser-on-potential-uber-merger\/","url_meta":{"origin":625026,"position":3},"title":"Careem in talks with adviser on potential Uber merger","author":"enterpriseam admin","date":"21 November 2018","format":false,"excerpt":"M&A WATCH- Uber, Careem merger talks appear to be in advanced stages despite Egyptian Competition Authority warning: Dubai-based ride-hailing operator Careem is using investment bank Jefferies as an advisor on a potential merger with Uber, three inside sources told Reuters. The news suggests Careem and Uber are ignoring a sharp\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":625601,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/eca-to-conclude-investigation-into-uber-antitrust-complaints-soon\/","url_meta":{"origin":625026,"position":4},"title":"ECA to conclude investigation into Uber antitrust complaints \u201csoon\u201d","author":"enterpriseam admin","date":"9 August 2018","format":false,"excerpt":"ECA to conclude investigation into Uber antitrust complaints \u201csoon\u201d: The Egyptian Competition Authority (ECA) is still looking into complaints brought against Uber by ride-hailing rivals Careem and Ousta, but the investigation should wrap up soon, according to an ECA statement out on Wednesday (pdf). Ousta and Careem had filed a\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":623418,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/egypt-competition-watchdog-says-oustas-death-pushed-it-to-act-on-uber-careem-merger\/","url_meta":{"origin":625026,"position":5},"title":"Egypt competition watchdog says Ousta\u2019s death pushed it to act on Uber, Careem merger","author":"enterpriseam admin","date":"30 October 2018","format":false,"excerpt":"** #2 Competition watchdog says Ousta\u2019s collapse pushed it to act on Uber, Careem merger: The shutdown of Egyptian ride-hailing app Ousta signaled that the Egyptian Competition Authority (ECA) needed to keep an eye on the fast-growing industry, ECA head Emir Nabil said at a press conference on Monday, according\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=625026"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625026\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625008"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=625026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=625026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=625026"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=625026"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=625026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}