Uber to buy Dubai start-up Careem for $3.1 billion

DUBAI 25 March 2019: US-based global transportation major Uber Technologies is said to be in advanced discussions to acquire seven-year-old Dubai-based start-up Careem Networks – for a whopping US$3.1 billion, according to a Bloomberg report. If […]

Troubled Shuaa begins merger talks with ADFG

DUBAI 25 March 2019: Shuaa Capital psc and Abu Dhabi Financial Group LLC have commenced discussions regarding the possibility of a merger of the two institutions to become a larger financial listed firm with the […]

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