INSEAD Day 4 - 728x90

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Careem to end Qatar operations

Careem serves customers in 10 countries across the Middle East, North Africa, and South Asia.
  • The announcement comes two months after the World Cup in Qatar, when Careem-branded vehicles transported visiting fans
  • Careem was bought by Uber Technologies Inc. in 2019 for $3.1 billion, giving the US firm market dominance across the Middle East and Pakistan

Doha, Qatar— Careem, Uber’s Middle Eastern business, will end operations in Qatar on Tuesday, according to the company’s message to its customers.

The announcement comes two months after the World Cup in Qatar, when Careem-branded vehicles were part of the tournament’s official plans to transport visiting fans, alongside cars from Uber and local taxi provider Karwa.


“Unfortunately, Careem’s ride hailing operations will no longer operate in Qatar as of February 28, 2023,” said the message, which also informed customers holding Careem credit that the company would issue a full refund by March 15.

Also read: Careem looks to raise $500m to fund expansion


Careem’s message did not offer any explanation for why it will cease operating. Careem was bought by Uber Technologies Inc. in 2019 for $3.1 billion, giving the US firm market dominance across the Middle East and Pakistan.


Careem only offered ride-hailing services in Qatar, unlike in larger Middle Eastern markets like the United Arab Emirates where the company offered a more robust slate of services on its application, including food delivery, digital payments and courier services.


Uber’s smart phone application offers ride-hailing services in Qatar and continued to operate normally late Monday.