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Uber's CEO Dara Khosrowshahi

Read the email Uber’s CEO sent employees about the company’s $3.1 billion acquisition of a major competitor

Uber CEO Dara Khosrowshahi said Careem's founders were "first-class entrepreneurs." Read his full letter here.
Saudi national and newly licensed Reem Farahat, an employee of Careem, a chauffeur car booking service, prepares for a customer shuttle using her car in the Saudi capital Riyadh

Uber is reportedly in ‘advanced talks’ to buy its biggest rival in the Middle East for $3 billion

Careem's CEO told Business Insider last week that it was continuing to fundraise — but a strategic acquisition could make sense for Uber.
A man uses a mobile phone while riding a camel through a traffic jam in downtown Cairo.

Uber is locked in a battle to fix Egypt’s $8 billion traffic problem, and its success could decide which tech giant will dominate the Middle Eas...

The Middle East is a hugely important market for Uber. It's fighting tech giant Careem along with a slew of Egyptian startups for dominance.
Careem CEO, Mudassir Sheikha speaks to Reuters in an interview at the company headquarters in Dubai, UAE

Uber’s biggest competitor in the Middle East says it has mapped 45,000 miles of road in its bid to compete on a global stage

Google Maps was never an option, CEO Mudassir Sheikha told Business Insider in an exclusive interview.
A Saudi woman shows the Careem app on her mobile phone in Riyadh, Saudi Arabia.

Careem, a ride-hailing company in acquisition talks with Uber, raised $200 million from Saudi backers

Careem, a Dubai-headquartered rival to Uber, has raised the first $200 million of a $500 million funding round to expand its service. One of its main backers is Saudi Arabia's Kingdom Holding Company, and the deal comes at a sensitive time.