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Wednesday, 28 September 2016

Careem to invest USD 100 mn regionally as battle with white taxis hits appspace

Car-booking app Careem is planning to invest USD 100 mn, said Careem Egypt managing director Wael Fakharany at a press conference yesterday. Part of that will go into the program to incorporate 42,000 white taxi drivers into its roster, something the House has pushed for. Some white taxi drivers have other ideas, teaming up with Al Araby Car to launch a white-taxi hailing app due to hit the market on 6 October, according to Al Mal. The application is affiliated with the Public Transport Authority, Taxi Drivers’ Union head Mahmoud Abdelhamid said in a call-in to Al Nahar’s Youm Fi Sa’a (runtime: 5:52). Al Araby Car’s CEO demonised the “foreign companies” and highlighted that the initiative is “all-Egyptian” in his comments to Al Mal.

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