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Careem

Topic: Company

 From HandWiki - Reading time: 13 min

Careem Networks FZ-LLC
TypePrivate
IndustryTechnology
Founded2012; 14 years ago (2012)
Founders
  • Mudassir Sheikha
  • Magnus Olsson
  • Abdulla Elyas
HeadquartersDubai, United Arab Emirates
Area served
70+ cities in the Middle East, Africa and Pakistan
Key people
  • Mudassir Sheikha
  • Magnus Olsson
  • Abdulla Elyas
ProductsMobile app
Services
Parente& (50.03%)
Uber
Websitecareem.com

Careem is a Dubai-based super-app with operations in over 70 cities, covering 10 countries across the Middle East, Africa, and South Asia regions.[2] It offers ride-hailing, bicycle rental, food delivery, grocery delivery, and digital wallets. It is 50.03% owned by e&, while its ridesharing company is wholly owned by Uber.

History

Careem's first logo, used from 2012 to 2016
Careem's first logo, used from 2012 to 2016
Official logo used from 2016 to 2023

Careem was founded by Mudassir Sheikha, an American Memon of Pakistani[3][4] origin, and Magnus Olsson of Sweden, who had both worked as management consultants at McKinsey & Company.[5] It started operating in 2012 as a website-based service for corporate car bookings, and evolved to become a ridesharing company with car hire for everyday use.[6]

Careem received seed money of US$1.7 million in a round led by STC Ventures in 2013. In 2014, it received funding of US$10 million in a Series B round led by Al Tayyar Travel Group and STC Ventures.

In January 2015, the company acquired a Saudi-based home delivery service company, enwani, and Abdulla Elyas joined Careem as co-founder.[7]

In November 2015, Careem announced a Series C round investment of US$60 million led by The Abraaj Group.[8][9][10][11]

In February 2016, taxi drivers in Egypt organized several protests and sit-ins demanding that the Egyptian government block Uber and Careem from operating without official taxi licenses. A committee was organized by the Egyptian government to assess the complaints of the protesting taxi drivers and standardize taxi services in Egypt. They ruled in favor of the TNCs, ensuring that they can operate legally and provided legal protection for the TNC drivers who had been facing attacks by both state police and angry taxi drivers.[12][13][14][15]

In October 2016, the company agreed with regulators in Dubai to allow customers to book all taxicabs and limousines operating in Dubai via the Careem mobile app.[16]

In December 2016, the company raised US$350 million in a Series D round, based on a US$1 billion valuation for the company.[17][18] Saudi Telecom Company acquired a 10% stake in Careem.[19]

In March 2017, the company announced a program to extend maternity leave and hire more women.[20]

In May 2017, in Saudi Arabia, women made up 80% of the company's customers.[19]

In June 2017, the company raised an additional $150 million in a Series E round at a $1 billion valuation. Investors included Kingdom Holding Company, Mercedes-Benz Group, as well as Lumia Capital, DCM Ventures and Coatue Management.[21] Abraaj sold its stake in the company to Kingdom Holding Company.[22]

Also in June 2017, Careem launched operations in Palestine as part of a commitment to create one million jobs in the MENA region by the end of 2018.[23]

In August 2017, DiDi invested in Careem and entered a partnership to share knowledge in intelligent transpiration technology, product development, and operations.[24][25][26][27]

In January 2018, Careem became the first ride-hailing service to launch in Baghdad. The company also has locations in Najaf and Erbil, Kurdistan Region.[28]

In January 2018, Careem started recruiting women in Saudi Arabia as part of the Women to drive movement. Women were legally allowed to start driving on 24 June 2018, and Careem women drivers were able to start working on the same day.[29]

Also in January 2018, Careem discovered data on more than 14 million riders and 558,800 drivers were breached. The company waited until late April 2018 to disclose this breach as it "wanted to make sure we had the most accurate information before notifying people".[30][31][32] According to investigations by the company, there was no initial evidence of fraud or misuse.[33] Careem allegedly was notified about the vulnerability over a year earlier but did nothing.[34]

In February 2018, Careem acquired RoundMenu, a restaurant listing and food ordering platform that operates across the Arab world.[35]

Also in February 2018, the company raised $200 million at a valuation of US$2 billion.[36][37][38]

In March 2018, Careem planned to have a female workforce of 20,000 by the year 2020.[39] It already had women drivers in Pakistan, Egypt, and Jordan.[36]

In August 2018, Careem announced the launch of bus services, starting with cities in Egypt in December 2018.[40] The service was discontinued in early 2020.[41]

In October 2018, the company secured US$200 million funding from its existing investors.[42][43]

In November 2018, Careem announced it was launching an online food ordering and food delivery app called Careem Now, delivering food and pharmaceuticals, initially in Dubai and Jeddah.[44][45]

In December 2018, Careem launched the ability to book buses in Egypt.[46]

In March 2019, Uber agreed to acquire the company for US$3.1 billion, including US$1.4 billion in cash and US$1.7 billion in convertible notes,[47] making Careem the first unicorn startup company in the Middle East outside of Israel.[48]

In May 2019, Careem announced the acquisition of UAE-based bicycle-sharing system startup Cyacle which was re-branded as Careem Bike.[49] As of 2023, Careem Bike had 192 docking stations across Dubai.[50] Following its UAE launch, Careem Bike launched 165 bicycle and scooter stations in the city of Madinah, Saudi Arabia,[51] with nearly 2,000 customers traveling almost 60,000 km across the city on bicycles in 2023.[2]

In July 2019, Careem launched food delivery in Riyadh and Amman, and announced it was also launching in Pakistan.[52]

Careem launched Careem Bike in partnership with the RTA in 2020 to support the UAE's target to cut emissions by 40% by 2030.[53]

In January 2020, the company was acquired by Uber for $3.1 billion but still operates as an independent company under the Careem brand.[54][55] About 75 Careem employees became dollar millionaires.[56]

In April 2020, Careem began delivering groceries and other essential products in Dubai.[57][58]

In May 2020, due to the COVID-19 pandemic, Careem announced layoffs of 536 employees, 31% of its workforce.[59][60][61][62]

Also in May 2020, Uber Eats exited the United Arab Emirates and transferred its services to Careem.[63]

It launched Careem Quik, delivery service for groceries and household items, in December 2020.[64]

In April 2022, Careem launched Careem Pay, a digital wallet for money transfers and withdrawals in the UAE.[65] Careem introduced a remittance corridor between the UAE and Pakistan in partnership with Lulu Exchange and launched a one-click checkout for e-commerce websites and bill payment.[66] In India by December 2023, Careem Pay's remittance service had maintained a user retention rate of 77% with an average transaction time of 15 minutes.[67]

In June 2022, Careem suspended food delivery service in Pakistan due to the Pakistan economic crisis.[68]

In 2022, RTA announced that 2.8 million Careem Bike trips had been completed since its launch, reducing emissions by 1,926,033 kilograms, equivalent to emissions from 600 cars.[69]

53% of Careem's trips in the UAE had been completed with hybrid or electric vehicles in 2023.[53]

In February 2023, Careem ceased its operations in Qatar including ridesharing, grocery and food delivery, courier services, and digital payments without explanation.[70][71]

In May 2023, Careem launched DineOut, a restaurant discount program.[72]

In June 2023, founder Mudassir Sheikha received backlash after writing on LinkedIn that the company is not the right fit for those whose top priority is cash compensation, a 9-to-5 job, or those who thrive with structure and certainty. He emphasized that Careem is more focused on impact and fulfilling its purpose rather than offering high cash compensation or a structured work environment.[73] His post was described as "tone-deaf" and "cringe." However, he was also praised for being "rare" and "honest" and Careem employees had high job satisfaction ratings in surveys.[74][75]

In 2023, Careem expanded its EV fleet in Jordan to form 45% of the fleet in Irbid.[76]

Careem introduced 'Eco-friendly' rides in 2023 during COP28 in partnership with CarbonSifr to support carbon removal projects in the UAE and the wider region, with customers' contributions going into supporting high-integrity environmental projects such as planting mangrove trees in the UAE. The initiative offset more than 200 tonnes of CO2e in under 3 months.[77]

In December 2023, e& acquired a majority stake in Careem's Super App business for a $400 million investment.[78][79] Careem's ride-hailing business continues to be owned by Uber, while the Careem Super App is owned by e&, as well as Uber and all three of Careem's co-founders.[80][81][82]

In August 2024, the company launched discounted packages for students.[83]

In December 2023, a promotion was launched in collaboration with Mastercard, where for every Careem Pay wallet top-up transaction using a Mastercard debit card, Emirates Nature-WWF pledged to plant a mangrove in the UAE on behalf of the cardholder.[84]

In 2024, Careem introduced allowed users in Karachi to set a price of their rides.[85][86]

Careem unveiled its plans to introduce Dubai's first fleet of electric motorbikes and charging station infrastructure at Careem Bike stations in 2024. The company announced that the electric engines are powered by 4,000 watt lithium battery packs that can be charged at 192 Careem stations across Dubai. The electric motorbikes aim to reduce the carbon footprint of delivery trips by up to 24 tonnes of C02 per day, and provide cost savings for Careem Captains.[58]

Following its success in Dubai, Careem's eco-friendly rides were launched in Abu Dhabi in 2024.[77]

In February 2025, the company launched money transfer services to 18 additional European countries.[87][88]

In May 2025, the company began offering delivery of 24-carat gold coins.[89] It also began delivery of labubus.[90]

In June 2025, Careem announced that it would stop offering ride-hailing services in Pakistan from July.[91][92][93]

References

  1. ↑ "Careem rolling out 'most significant rebrand' in its history". Campaignme.com. https://campaignme.com/careem-rolling-out-most-significant-rebrand-in-its-history. 
  2. ↑ 2.0 2.1 Zyl, Gareth van (8 January 2024). "Here is Careem's 2023 by all the numbers and figures". Gulf Business. https://gulfbusiness.com/careem-numbers-2023-uae-middle-east/. 
  3. ↑ Thomas, Aby Sam (11 July 2023). "Fueling Up: Careem's Entrepreneurial Journey Is Back On, Says Co-Founder And CEO Mudassir Sheikha". Entrepreneur. https://www.entrepreneur.com/en-ae/leadership/fueling-up-careem-says-its-entrepreneurial-journey-is-back/455594. 
  4. ↑ Husain, Osman (19 December 2016). "Meet the entrepreneur who just snared $350m to slaughter Uber". Tech In Asia. https://www.techinasia.com/careem-mudassir-origins. 
  5. ↑ "Careem’s co-founders on finding purpose building a unicorn". McKinsey & Company. 29 April 2022. https://www.mckinsey.com/industries/technology-media-and-telecommunications/our-insights/careems-co-founders-on-finding-purpose-building-a-unicorn. 
  6. ↑ BASHIR, OMER (15 February 2016). "Uber-clone vows safe, affordable ride. Should you Careem around Karachi, Lahore?". Dawn. https://www.dawn.com/news/1238160. 
  7. ↑ Prince, Stephanie Nour (5 January 2015). "Careem acquires Saudi-based home delivery service Enwani". Wamda. https://www.wamda.com/2015/01/careem-acquires-saudi-based-home-delivery-service-enwani. 
  8. ↑ "Careem raises US$ 60 million in new funding with The Abraaj Group as lead investor". Gulf News. 10 November 2015. https://gulfnews.com/business/markets/careem-raises-60-million-in-new-funding-with-the-abraaj-group-as-lead-investor-1.1617257. 
  9. ↑ Thomas, Aby Sam (13 January 2016). "Careem: It's Full Speed Ahead For This Middle East Startup". Entrepreneur. https://www.entrepreneur.com/article/254894. 
  10. ↑ Williamson, Rachel (10 November 2015). "Car-hailing app Careem raises $60M Series C". Wamda. https://www.wamda.com/2015/11/careem-raises-60m-series-c. 
  11. ↑ "UAE taxi-app start-up Careem raises $60m from Abraaj-led group". Gulf Business. 10 November 2015. https://gulfbusiness.com/en/2015/tech/uae-taxi-app-start-careem-raises-60m-abraaj-led-group/. 
  12. ↑ Pupic, Tamara (15 November 2015). "Entrepreneurs of the Week: Magnus Olsson and Mudassir Sheikha". Arabian Business. https://www.arabianbusiness.com/business/entrepreneurs-of-week-magnus-olsson-mudassir-sheikha-careem-612356. 
  13. ↑ "Egyptian Government: Uber and Careem Will Stay in Egypt". CairoScene. 10 March 2016. https://cairoscene.com/BusinessAndPolitics/Egyptian-Government-Uber-and-Careem-Will-Stay-in-Egypt. 
  14. ↑ Charbel, Jano (4 February 2016). "Taxi drivers protest against Uber, other app-based car services". Mada Masr. https://www.madamasr.com/en/2016/02/04/feature/politics/taxi-drivers-protest-against-uber-other-app-based-car-services/. 
  15. ↑ El-Din, Menna Alaa (8 March 2016). "Egyptian taxi drivers start open-ended sit-in to demand Uber, Careem shutdown". Al-Ahram. https://english.ahram.org.eg/NewsContent/1/64/190482/Egypt/Politics-/Egyptian-taxi-drivers-start-open-ended-sit-in-to-d.aspx. 
  16. ↑ Arnold, Tom; Carvalho, Stanley (4 October 2016). "Uber faces pressure in Dubai as regulator signs deal with rival". Reuters. https://www.reuters.com/article/us-uber-dubai-idUSKCN1241EV/. 
  17. ↑ Farber, Madeline (19 December 2016). "Uber's Middle East Rival Just Got a $1 Billion Valuation". Fortune. https://fortune.com/2016/12/19/careem-uber-rival-1-billion/. 
  18. ↑ Russell, Jon (18 December 2016). "Uber’s Middle Eastern rival Careem raises $350M at a $1B valuation". TechCrunch. https://techcrunch.com/2016/12/18/careem-350-million/. 
  19. ↑ 19.0 19.1 "Saudi women are a captive market for Uber and Careem". The Economist. 4 May 2017. https://www.economist.com/business/2017/05/04/saudi-women-are-a-captive-market-for-uber-and-careem. 
  20. ↑ "Dubai's Careem to extend maternity leave, hire more women". Arabian Business. 8 March 2017. https://www.arabianbusiness.com/life/dubai-s-careem-extend-maternity-leave-hire-more-women-666388. 
  21. ↑ Lunden, Ingrid (14 June 2017). "Uber rival Careem closes $500M raise at $1B+ valuation as Daimler steps in". TechCrunch. https://techcrunch.com/2017/06/14/uber-rival-careem-closes-500m-raise-at-1b-valuation-as-daimler-steps-in/. 
  22. ↑ "Abraaj Group divests its stake in Careem to Kingdom Holding Company". Arab News. 20 June 2017. https://www.arabnews.com/node/1117496/amp. 
  23. ↑ "Dubai's Careem says to launch operations in Palestine". Arabian Business. 13 June 2017. https://www.arabianbusiness.com/industries/transport/dubai-s-careem-says-launch-operations-in-palestine-677617. 
  24. ↑ "China’s Didi Chuxing invests in Careem, announces a strategic partnership". Mena Bytes. 8 August 2017. https://www.menabytes.com/china-didi-chuxing-careem-investment/. 
  25. ↑ Clowes, Ed (15 September 2018). "Uber rival Didi Chuxing invests in Careem". Gulf News. https://gulfnews.com/technology/uber-rival-didi-chuxing-invests-in-careem-1.2070652. 
  26. ↑ Russell, Jon (7 August 2017). "China’s Didi backs Uber rival Careem to expand its global footprint into the Middle East". TechCrunch. https://techcrunch.com/2017/08/07/didi-backs-careem/. 
  27. ↑ "China’s DiDi Invests in Middle East Ride-Hailing Service Careem". Asharq Al-Awsat. 14 August 2017. https://english.aawsat.com/home/article/993816/china%E2%80%99s-didi-invests-middle-east-ride-hailing-service-careem. 
  28. ↑ Nelson, Christian; Everington, John (15 January 2018). "Careem launches ride-hailing services in Baghdad". The National. https://www.thenationalnews.com/business/technology/careem-launches-ride-hailing-services-in-baghdad-1.695627. 
  29. ↑ Hassan, Sarah (11 January 2018). "Uber and Careem recruit first female drivers in Saudi Arabia". CNN. https://edition.cnn.com/2018/01/10/asia/saudi-uber-women-drivers-ime/index.html. 
  30. ↑ Alrawi, Mustafa (23 April 2018). "Ride sharing platform Careem says hit by cyber attack with data of up to 14 million users stolen". The National. https://www.thenationalnews.com/business/technology/ride-sharing-platform-careem-says-hit-by-cyber-attack-with-data-of-up-to-14-million-users-stolen-1.723927. 
  31. ↑ Al Ali, Nour (23 April 2018). "Middle East Ride-Hailing App Careem Reveals Major Cyber Attack". Bloomberg News. https://www.bloomberg.com/news/articles/2018-04-23/lenovo-drives-china-tech-slump-as-fallout-from-zte-ban-spreads. 
  32. ↑ "Dubai's Careem admits to data breach of 14 million users". Khaleej Times. 24 April 2018. https://www.khaleejtimes.com/uae/dubais-careem-admits-to-data-breach-of-14-million-users. 
  33. ↑ Dickey, Megan Rose (23 April 2018). "Ride-hailing app Careem reveals data breach affecting 14 million people". TechCrunch. https://techcrunch.com/2018/04/23/careem-data-breach/. 
  34. ↑ Clowes, Ed (5 November 2018). "Careem notified of vulnerabilities as early as 2016: Experts". Gulf News. https://gulfnews.com/technology/careem-notified-of-vulnerabilities-as-early-as-2016-experts-1.2211949. 
  35. ↑ Derhally, Massoud A. (18 February 2018). "Careem acquires online restaurant listing platform RoundMenu, to trial food delivery". The National. https://www.thenationalnews.com/business/technology/careem-acquires-online-restaurant-listing-platform-roundmenu-to-trial-food-delivery-1.705513. 
  36. ↑ 36.0 36.1 Cornwell, Alexander (2 February 2018). "Mideast ride-hailing app Careem raises $200 million to expand, expects more funds". Reuters. https://www.reuters.com/article/us-careem-funding/mideast-ride-hailing-app-careem-raises-200-million-to-expand-expects-more-funds-idUSKCN1MS0EF/. 
  37. ↑ Ghosh, Shona (18 October 2018). "Careem, a ride-hailing company in acquisition talks with Uber, raised $200 million from Saudi backers". Business Insider. https://www.businessinsider.com/uber-rival-careem-200-million-saudi-arabia-2-billion-valuation2018-10. 
  38. ↑ "Middle East ride-hailing app Careem secures $200 million". Arab News. 18 October 2018. https://www.arabnews.com/node/1389791/amp. 
  39. ↑ "Careem to have 20,000 female drivers in the Middle East by 2020". Arabian Business. 7 March 2018. https://www.arabianbusiness.com/industries/transport/391719-careem-to-have-20000-female-drivers-in-the-middle-east-by-2020. 
  40. ↑ "Dubai's Careem to test bus service in Egypt". Arabian Business. 14 August 2018. https://www.arabianbusiness.com/industries/transport/402773-dubais-careem-to-test-bus-service-in-egypt. 
  41. ↑ Paracha, Zubair Naeem (4 May 2020). "Careem is killing its mass transportation service 'Careem Bus'". MENAbytes. https://www.menabytes.com/careem-bus-killed. 
  42. ↑ "Careem raises $200m in new funding". 18 October 2018. https://gulfnews.com/business/sectors/automotives/careem-raises-200m-in-new-funding-1.2291322. 
  43. ↑ "Ride-hailing app Careem raises $200mln to expand". 19 October 2018. https://www.thenews.com.pk/print/382480-ride-hailing-app-careem-raises-200mln-to-expand. 
  44. ↑ Burns, Matt (17 December 2018). "Careem launches delivery service as it nears closing a massive round". TechCrunch. https://techcrunch.com/2018/12/17/careem-launches-delivery-service-as-it-nears-closing-a-massive-round/. 
  45. ↑ Paracha, Zubair (17 December 2018). "Careem launches its delivery app Careem NOW, to invest $150 million in the new vertical, available initially in Dubai and Jeddah for food deliveries". MENAbytes. https://www.menabytes.com/careem-now-delivery/. 
  46. ↑ "Careem launches new bus-booking service in Egypt". Al Jazeera. 4 December 2018. https://www.aljazeera.com/economy/2018/12/4/careem-launches-new-bus-booking-service-in-egypt. 
  47. ↑ "Uber confirms it's acquiring Middle East rival Careem for $3.1 billion". VentureBeat. 26 March 2019. https://venturebeat.com/2019/03/25/uber-confirms-its-acquiring-middle-eastern-rival-careem-for-3-1-billion/. 
  48. ↑ Ng, Abigail (16 June 2021). "Careem CEO says the Middle East is 'not very far' from seeing more billion-dollar start-ups". CNBC. https://www.cnbc.com/2021/06/16/careem-middle-east-close-to-crowning-more-billion-dollar-unicorn-start-ups.html. 
  49. ↑ "Dubai-based Careem acquires bike-share service, Cyacle". Gulf News. 29 May 2019. https://gulfnews.com/business/dubai-based-careem-acquires-bike-share-service-cyacle-1.64241014. 
  50. ↑ "Dubai Ride 2023: RTA, Careem to provide free bikes to participants". Arabian Business. 11 November 2023. https://www.arabianbusiness.com/lifestyle/health-fitness/dubai-ride-2023-rta-careem-to-provide-free-bikes-to-participants. 
  51. ↑ "Madinah Municipality launches 70 km dedicated bicycle lanes to promote health and sports". Arab News. 28 December 2023. https://www.arabnews.pk/node/2432431/saudi-arabia. 
  52. ↑ "Careem quietly expands its food delivery service 'Careem Now' to Jordan with Amman launch, Pakistan next". MENAbytes. 14 July 2019. https://www.menabytes.com/careem-now-amman/. 
  53. ↑ 53.0 53.1 Shepherd, Daniel (18 October 2023). "At GITEX, Careem showcases innovations to displace CO2 emissions". Tahawul Tech. https://www.tahawultech.com/news/at-gitex-careem-showcases-innovations-to-displace-co2-emissions/. 
  54. ↑ Somerville, Heather; Cornwell, Alexander; Azhar, Saeed (26 March 2019). "Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East". Reuters. https://www.reuters.com/article/us-careem-m-a-uber-idUSKCN1R70IM/. 
  55. ↑ "Uber to acquire Careem to expand the greater Middle East region". El Mens. 26 March 2019. https://www.elmens.com/business/uber-to-acquire-careem-to-expand-the-greater-middle-east-region/. 
  56. ↑ Alrawi, Mustafa (27 March 2019). "Hundreds of Careem millionaires after staff share in $3.1 billion Uber payout". The National. https://www.thenationalnews.com/business/technology/hundreds-of-careem-millionaires-after-staff-share-in-3-1-billion-uber-payout-1.841866. 
  57. ↑ Godinho, Varun (22 April 2020). "Careem launches grocery and medicine delivery service in Dubai". Gulf Business. https://gulfbusiness.com/careem-launches-grocery-and-medicine-delivery-service-in-dubai/. 
  58. ↑ 58.0 58.1 "Careem introduces Dubai's first electric motorbike fleet with charging infrastructure for deliveries" (Press release). Zawya. 12 December 2023.
  59. ↑ "Securing Careem through these uncertain times". Careem. 4 May 2020. https://blog.careem.com/posts/securing-careem-through-these-uncertain-times. 
  60. ↑ "Careem to lay off 31% of staff as business drops 80% amid Covid-19". Arabian Business. 4 May 2020. https://www.arabianbusiness.com/industries/transport/446127-careem-to-lay-off-31-of-staff-as-business-drops-80-amid-covid-19. 
  61. ↑ "Careem lays off 31 percent of its workforce as business takes a big hit due to Covid-19". MENAbytes. 4 May 2020. https://www.menabytes.com/careem-layoffs-31-percent/. 
  62. ↑ "Dubai's Careem cuts 536 jobs as lockdowns hit ride-hailing across Middle East". The National. 5 May 2020. https://www.thenationalnews.com/business/economy/dubai-s-careem-cuts-536-jobs-as-lockdowns-hit-ride-hailing-across-middle-east-1.1014784. 
  63. ↑ "Uber Eats decides to switch off in UAE". Gulf News. 4 May 2020. https://gulfnews.com/business/retail/uber-eats-decides-to-switch-off-in-uae-1.1588593071082. 
  64. ↑ Turak, Natasha (9 December 2021). "Uber-owned Careem gets in on the surging rapid grocery delivery market with UAE launch". CNBC. https://www.cnbc.com/2021/12/09/uber-owned-careem-gets-in-on-the-surging-dark-store-market-with-uae-launch-.html. 
  65. ↑ Issa, Tala Michel (21 April 2022). "Careem Pay launches digital wallet for money transfers, withdrawals in UAE". Al Arabiya English. https://english.alarabiya.net/amp/business/banking-and-finance/2022/04/21/Careem-Pay-launches-digital-wallet-for-money-transfers-withdrawals-in-UAE. 
  66. ↑ Hamid, Triska (16 January 2023). "What is next for Careem's mobility of money?". Wamda. https://www.wamda.com/2023/01/careems-mobility-money. 
  67. ↑ Woffenden, Claire (21 December 2023). "Careem Pay Partners with iPiD to Streamline International Remittance". The Fintech Times. https://thefintechtimes.com/careem-pay-partners-with-ipid-to-streamline-international-remittance/. 
  68. ↑ Memon, Bilal (2 June 2022). "Careem suspends food-delivery business in Pakistan over unfavourable economic conditions". Business Recorder. https://www.brecorder.com/news/40177385. 
  69. ↑ "Dubai's RTA announces 2.8 Careem bike trips taken since launch". Arabian Business. 18 January 2023. https://www.arabianbusiness.com/industries/transport/dubais-rta-announce-2-8-careem-bike-trips-taken-since-launch. 
  70. ↑ "Ride-hailing service app Careem ceases operations in Qatar". Al Jazeera. 1 March 2023. https://www.aljazeera.com/news/2023/3/1/ubers-mideast-arm-careem-to-stops-operations-in-qatar. 
  71. ↑ Mills, Andrew (28 February 2023). "Uber's Mideast business Careem to cease operations in Qatar". Reuters. https://www.reuters.com/world/middle-east/ubers-mideast-business-careem-cease-operations-qatar-2023-02-27/. 
  72. ↑ Abigael, Nicole (18 May 2023). "Careem announces new restaurant discount, discovery platform in Dubai". Arabian Business. https://www.arabianbusiness.com/abnews/careem-announces-new-restaurant-discount-discovery-platform-in-dubai. 
  73. ↑ "Mudassir Sheikha on LinkedIn: We currently have over 90 open roles at Careem and we're looking for the…". https://www.linkedin.com/posts/mudassirsheikha_we-currently-have-over-90-open-roles-at-careem-activity-7072160615720452096-_1nL. 
  74. ↑ Kay, Grace (17 June 2023). "Tech workers blast startup CEO who said he didn't want to hire workers focused on pay, or those who want to 'clock in and out'". Business Insider. https://www.businessinsider.com/careem-ceo-comments-employees-focused-pay-work-culture-linkedin-post-2023-6. 
  75. ↑ Salim, Sahim (24 February 2023). "Unlimited vacation days in UAE: Can more companies implement policy?". Khaleej Times. https://www.khaleejtimes.com/uae/unlimited-vacation-days-in-uae-can-more-companies-implement-policy. 
  76. ↑ "Careem Jordan drives towards a greener future". Jordan News. 6 September 2023. https://www.jordannews.jo/Section-113/All/Careem-Jordan-drives-towards-a-greener-future-30736. 
  77. ↑ 77.0 77.1 "Abu Dhabi welcomes Careem's eco-friendly rides after offsetting more than 200 tonnes of CO2e since launch" (Press release). Zawya. 22 April 2024.
  78. ↑ "e& Successfully Completes Acquisition of Majority Stake in Careem Everything App" (PDF) (Press release). e&. 8 December 2023.
  79. ↑ "Uber Mideast Unit Sells Stake in Super App to Largest UAE Telco". Bloomberg News. 10 April 2023. https://www.bloomberg.com/news/articles/2023-04-10/uber-mideast-unit-sells-stake-in-super-app-to-largest-uae-telco. 
  80. ↑ Barrington, Lisa (10 April 2023). "UAE's e& takes $400 million majority stake in ride-hailer Careem's Super App". Reuters. https://www.reuters.com/markets/deals/uaes-e-takes-400-mln-majority-stake-ride-hailer-careems-super-app-2023-04-10/. 
  81. ↑ "UAE's e& acquires $400m stake in Careem's super-app". Arabian Business. 10 April 2023. https://www.arabianbusiness.com/industries/technology/uaes-e-acquires-400m-stake-in-careem. 
  82. ↑ Korosec, Kirsten (10 April 2023). "Uber sells $400M stake in Careem super app business". TechCrunch. https://techcrunch.com/2023/04/10/uber-sells-400m-stake-in-careem-super-app-business/. 
  83. ↑ "UAE back to school: Careem School Rides offers 'stress-free' commuting options for students, parents - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More". Arabian Business. 23 August 2024. https://www.arabianbusiness.com/industries/transport/uae-back-to-school-careem-school-rides-offers-stress-free-commuting-options-for-students-parents. 
  84. ↑ "Careem and Mastercard support mangrove-planting efforts in UAE" (Press release). Zawya. 21 December 2023.
  85. ↑ "Careem Launches Flexi Ride Options for Karachi Riders". Khyber TV. 1 August 2024. https://khybernews.tv/careem-launches-flexi-ride-options-for-karachi-riders/. 
  86. ↑ "Careem launches Flexi Rides in Karachi; customers can choose their price". Trade Chronicle. 1 August 2024. https://tradechronicle.com/careem-launches-flexi-rides-in-karachi-customers-can-choose-their-price/. 
  87. ↑ "New! Careem Pay expands remittance service to 18 European corridors". Gulf Business. 25 February 2025. https://gulfbusiness.com/careem-pay-expands-remittance-services-to-europe/. 
  88. ↑ "UAE’s Careem Pay expands remittance service to 18 European countries". Arabian Business. 19 February 2025. https://www.arabianbusiness.com/industries/banking-finance/uaes-careem-pay-expands-remittance-service-to-18-european-countries. 
  89. ↑ "Gold delivered to your door in Dubai by Uber when you buy 24-carat coins on its Careem app". South China Morning Post. Bloomberg News. 1 May 2025. https://www.scmp.com/lifestyle/travel-leisure/article/3308626/gold-delivered-your-door-dubai-uber-when-you-buy-24-carat-coins-its-careem-app. 
  90. ↑ Summers, Lone (28 May 2025). "You can now get a Labubu in just 20 minutes in Abu Dhabi". Time Out. https://www.timeoutabudhabi.com/news/labubu-careem-abu-dhabi. 
  91. ↑ "Careem announces end of ride-hailing service in Pakistan from next month". Dawn. 18 June 2025. https://www.dawn.com/news/1917884/careem-announces-end-of-ride-hailing-service-in-pakistan-from-next-month. 
  92. ↑ "Careem, the ride-hailing app, announces end of service in Pakistan from next month". Gulf News. 18 June 2025. https://gulfnews.com/world/asia/pakistan/careem-the-ride-hailing-app-announces-end-of-service-in-pakistan-from-next-month-1.500167912. 
  93. ↑ Shahid, Ariba (18 June 2025). "Ride-hailer Careem to suspend decade-old Pakistan service". Reuters. https://www.reuters.com/world/asia-pacific/ride-hailer-careem-suspend-decade-old-pakistan-service-2025-06-18/. 

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