Careem hits one million drivers across region in race with Uber

Careem has signed up its millionth driver. (Reuters)
Updated 03 September 2018
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Careem hits one million drivers across region in race with Uber

  • Careem operates in 100 cities across 14 countries.
  • Ride hailing app expands across region

LONDON: Careem has passed the one million driver mark as it competes with global rival Uber in cities across the region.
The Dubai-based ride app, which operates in 14 countries mainly in the Middle East, said that Faisal Saleh from Hail in Saudi Arabia became the millionth person to sign up to the service.
The ride hailing app claims to be creating between 60,000 and 70,000 jobs per month in cities from Dubai to Casablanca amid fierce regional competition with global rival Uber.
“We are humbled about achieving our target of creating one million jobs in the region,” said Careem CEO Mudassir Sheikha. “We started Careem with a mission to simplify and improve the lives of people.”
Careem was founded in Dubai in 2012 by Sheikha and Magnus Olsson, two former McKinsey consultants. Abdulla Elyas became the third co-founder when Careem bought Jeddah-based address coding service Enwani two years later.
Uber and Careem were in preliminary talks to combine their Middle Eastern services, hoping to resolve a costly rivalry as Uber prepares for a public offering, Bloomberg reported on July 03, citing people familiar with the talks.
Saudi Arabia’s sovereign wealth fund is a major investor in Uber, after acquiring a $3.5 billion stake in the company in 2016. Meanwhile Kingdom Holding and Saudi Telecom venture capital unit STV are also investors in Careem.


Jet Airways now operating only 41 aircraft, could reduce further: regulator

The debt-laden carrier has delayed payments to banks, suppliers, pilots and lessors. (Reuters)
Updated 19 March 2019
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Jet Airways now operating only 41 aircraft, could reduce further: regulator

  • Jet Airways may reduce the number of aircraft it is flying in coming weeks
  • The debt-laden carrier has delayed payments to banks, suppliers, pilots and lessors
NEW DELHI: India’s aviation regulator said on Tuesday that Jet Airways is currently operating only 41 aircraft, just a third of its original fleet, as the debt-laden carrier struggles to finalize a rescue deal with lenders and its major shareholder Etihad Airways.
The Directorate General of Civil Aviation (DGCA) said in a statement the situation is fluid and that Jet may reduce the number of aircraft it is flying in coming weeks.
Saddled with debt of more than one billion dollars, Jet has delayed payments to banks, suppliers, pilots and lessors — some of whom have ended lease deals with the airline before taking the planes out of the country.
The DGCA also said that pilots, cabin crew and ground staff who have reported any kind of stress should not be put on duty, and the airline should carry out regular maintenance of its aircraft even if they are currently grounded.