RIDE-SHARING APPS

Will Uber and Careem Merge?

Uber Riyadh
San Francisco-based Uber Technologies Inc. and Dubai-based Careem Networks FZ are in preliminary talks to combine their Middle Eastern ride-hailing services, according to reports, in a merger that would create one dominant presence in the market and avoid a potentially costly rivalry.

Saudi Arabia

News, analysis, and more

Labor

Saudis take greater role in economy, figures reveal

Participation of Saudis in the country’s economy is rising, according to the General Authority for Statistics (GASTAT) labor market bulletin for the first quarter of ...

 

Saudi Aramco IPO

Doubts Grow Aramco IPO Will Ever Happen

Preparations for the public listing of Saudi Arabia’s state oil company, a centerpiece of the government’s plan to open its economy, have stalled, leaving government ...

 

Banking and Finance

Saudi Banking Sector Exceeds Basel I Requirements

A Saudi official has said that Saudi banks capital adequacy in the first quarter of this year exceeded 20.4 percent, surpassing the Basel I committee’s ...

 

Agriculture

$200m organic farming plan unveiled by Saudi Arabia

The Ministry of Environment, Water and Agriculture unveiled its organic farming action plan, which was approved by the Cabinet, and has allocated SR750 million ($200 ...

 

Global Oil Markets

Analysis: Why Trump is pressing Saudi Arabia to lower oil prices

The United States and Saudi Arabia appear to have reached an understanding: Washington will reduce or eliminate Iran’s oil export revenues and in return Riyadh ...

 

Saudi Students

US State Department sends condolences to families of two Saudi students drowned in Massachusetts

The US Department of State issued a statement on Thursday offering its condolences to the families and friends of two Saudi students who drowned in ...

 

ACWA Power

PIF acquires 15.2% stake in ACWA Power

Additionally, through the 9.78% separate stake ownership by its wholly owned subsidiary, Sanabil Direct Investments Company, PIF’s total shareholding – direct and indirect – in ...

 

GE Global Innovation Barometer

Saudi businesses upbeat about innovation & future technologies driving growth

he three innovations creating the most hype in the Kingdom are industry focused: 65% IoT, 64% Artificial & Machine Intelligence and Smart Energy Grids (59%). ...

 

Driving Economy

The social and economic impact of Saudi lifting the driving ban: Video

Perhaps the most striking image from Saudi Arabia’s historic lifting of the women’s driving ban is not that of female motorists taking the wheel, but ...

 

Saudi Women Drivers

Twitter reacts positively to lifting of Saudi women driving ban

Analysis of 20,000 Arabic tweets from Saudi Arabia and the UAE reveal largely positive sentiment. ...

 

Saudi Oil Policy

Saudi plans first change in Asia crude oil price formula in decades, to use DME Oman

The new formula will be based on the average monthly prices of Oman crude futures traded on the Dubai Mercantile Exchange (DME) and the average ...

 

Saudi +

Regional and related topics

ME Ride Sharing

Uber Is in Talks With Careem to Merge in Middle East

Uber Technologies Inc. and Careem Networks FZ are in preliminary talks to combine their Middle Eastern ride-hailing services, hoping to resolve a costly rivalry as ...

 

Global Oil Markets

Saudi Arabia Promised More Oil. So Why Are Prices Rising?

When major oil producers last met in Vienna, they said they would curb rising prices by ramping up production. Why, then, are oil prices still ...

 

Syria

Waves of strikes pound south Syria after talks fail

The renewed assault came after the failure on Wednesday of Russian-brokered talks to end the offensive in Daraa province, which has killed dozens and forced ...

 

War in Yemen

U.N. envoy says Yemen’s parties offer ‘concrete ideas’ for peace

Yemen’s warring parties have offered “concrete ideas” to achieve peace, U.N. envoy Martin Griffiths said on Wednesday after meeting Iran-aligned Houthi leaders in the capital ...

 

Iran

Iran guards threaten to block Strait of Hormuz after Rouhani warning 

Iran's Islamic Revolutionary Guards vowed to attack oil exports from the region with Qassem Soleimani, the force commander, issuing a letter backing President Hassan Rouhani's ...

 

Israel-Iran

IDF appoints first Iran ‘project director’ as northern tensions rise

This is the first time the IDF has appointed a “project director for Iran issues,” who will deal with Iran’s nuclear program, coordinating intelligence gathering ...

 

Iran

France rejects Iranian accusation it backs Paris-based opposition group

France on Thursday rejected Iranian accusations that it backs an exiled opposition group that was the possible target of a bomb plot near Paris last ...

 

Eco Jihadists

Jihadists go green: Islamic extremist group al-Shabab bans plastic bags

In a bizarrely uncharacteristic eco-conscious move, the extremist militant group banned single-use plastic bags in all Somali territories currently under the group’s control. ...

 

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