Search Results for:Alexander Cornwell

Didi Chuxing invests in Uber-rival Careem to expand into the Middle East

Chinese ride-sharing firm Didi Chuxing has invested in Middle East ride-hailing firm Careem as part of a new partnership agreement between the two companies. Didi is investing in Careem to strengthen the Dubai-based company’s position in the market and improve its services, the two companies said in a statement. An… Read more »


Qatar Airways drops plan to buy into American Airlines

Qatar Airways said the investment in the US carrier “no longer meets (its) objectives”.


Amazon clinches deal to acquire Dubai-based online retailer Souq.com

Amazon.com has agreed to acquire Middle East online retailer Souq.com, the two companies said in a joint statement on Tuesday. The value of the deal was not disclosed. “By becoming part of the Amazon family, we’ll be able to vastly expand our delivery capabilities and customer selection much faster, as well… Read more »


Zain Saudi in talks to sell mobile towers to TASC and ACWA

Zain Saudi is in talks to sell its mobile transmitter towers to a consortium comprised of TASC SAL and ACWA Holding, Saudi Arabia’s No. 3 telecoms firm by revenue said in a bourse statement on Thursday. The company, 37 percent-owned by Kuwait’s Zain Group , has been exploring the sale… Read more »