Is Uber Facing Pressure? Dubai Signs Deal With Careem

Is Uber Facing Pressure? Dubai Signs Deal With Careem


Before I get into the latest news with Dubai signing a deal with Careem, a ride-booking company similar to Uber, I would like to share some facts on Dubai. Provided by The Crazy Facts, here are some interesting details about Dubai that you probably don’t know.  Number one, in terms of the felony rate in Dubai it is remarkably so low. For all intents and purposes it is 0% crosswise over Dubai.

That is the reason this city is viewed as one of the most secure urban communities on earth. The law is so strict in Dubai. Then again, the general population of Dubai has kept up with the ethical quality from the start. Number two, Dubai is the place to be if you want to become rich and successful.

In Dubai its residents are not to pay their income tax. So yes your intuitions are correct the income tax is 0%. Furthermore, residents can earn a ton of cash and save it. Dubai is becoming known as a widely urbanized city continuously. In terms of its buildings and hotels Dubai is known for having the largest. One last thing I will share is that Dubai is one of the quickest developing cities in the whole world. Traffic has increased consistently, which has actually turned into a problem in terms of overcrowding.  .

Now that you have some background information on Dubai let’s get down to latest business with the city. DUBAI, United Arab Emirates — Dubai’s transportation controller has achieved an arrangement permitting riders to book taxis through nearby ride-hailing administration called Careem. The arrangement declared Tuesday by Dubai’s Roads and Transport Authority will permit Careem clients to book more than 9,800 taxicabs and 4,700 limousines through the administration’s cell phone application.

All Dubai taxis will shortly be available through the Careem app, which is becoming popular on Google play. It is evidently under a new agreement between the e-hail taxi provider and the Roads and Transport Authority (RTA). The proposal will provide more options and added convenience to e-hail users. With this agreement, individuals will have a alternatives of a variety of taxis with different fare structure and higher rate of availability, which will mean the customers will wait for a shorter period of time, which is without a doubt convenient, because who likes waiting?

Careem and San Francisco-based adversary Uber offer comparable administrations in the Gulf business center point. Existing controls oblige them to band together with private limo administrations and charge rates 30 percent higher than cabs. The RTA’s Careem bargain seemed to find Uber napping. In an announcement, Uber claims it trusts any understanding must put riders’ interests first and is focused on proceeding with the discussion and guaranteeing riders and drivers in Dubai are profiting from our driving innovation.

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I am an independent trader currency and commodity with about eight years of experience. I love the financial world because it is like one big puzzle and I hope we help each other out to solve the puzzle to help us realize our dreams. I received my BBA in Accounting (With Honors) - from The University of Texas - San Antonio. Achievements: Beta Alpha Psi National Accounting Honors Fraternity member, Leadership Challenge Participant, Dean's List. I have passed the Series 63, 22, Texas Real Estate exam, and the DRI Business Continuity exam.