Uber's Middle East rival Careem said to weigh $500m in funding

Uber's Middle East rival Careem said to weigh $500m in funding

A customer displays the Careem Inc. ride-hailing app while booking a car in this arranged photograph in Islamabad, Pakistan. Photographer: Asad Zaidi/Bloomberg

Careem Networks FZ, which competes with Uber Technologies Inc. in the Middle East, is in talks with investors to raise $500 million, according to people familiar with the matter.

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