Investors have weighed in on Uber's acquisition of Careem.
On Tuesday, global ride-hailing firm Uber confirmed it will spend $3.1 billion to acquire its Middle East rival.
Fadi Ghandour, founder of Dubai-based Wamda Capital, tells ARN News what he makes of the development.
He added that the deal proves that local ideas are worth investing in.
You can listen to Ghandour's full interview with Dubai Eye 103.8's Business Breakfast here.
Meraas awards AED 2.4 billion in construction contracts for 'The Acres'
Meraas, a member of Dubai Holding Real Estate, has awarded AED 2.4 billion in main construction contracts for new phases of its flagship villa developments, The Acres and The Acres Estates, in Dubailand.
Bangladesh set to sign Boeing jet deal, shifting from Airbus
Bangladesh is set to sign a deal on Thursday to buy 14 aircraft from US planemaker Boeing, officials said, a move that marks a shift away from Europe's Airbus amid trade pressure from Washington.
UAE Circular Economy Council focuses on food security, sustainable growth
The UAE Circular Economy Council held its first meeting of 2026 on Wednesday, with discussions centred on strengthening food security, expanding sustainable production, and increasing investment in circular economy sectors.
UAE announces decision to withdraw from OPEC and OPEC+
The United Arab Emirates announced on Tuesday its decision to exit the Organisation of the Petroleum Exporting Countries (OPEC and OPEC+), effective 1 May 2026.
Microsoft, OpenAI change terms of deal so startup can court Amazon, others
Microsoft and OpenAI have renegotiated a pact that let Microsoft exclusively sell the ChatGPT creator's artificial intelligence models, clearing the way for the startup to forge new deals with rivals to the software and enterprise giant, including Amazon.
The UAE's Attorney-General, Dr. Hamad Saif Al Shamsi, has ordered the referral of 13 defendants and six UAE-registered companies to the Abu Dhabi Federal Court of Appeal (State Security Court) on charges of illicit trafficking in military materiel, forgery and money laundering.
Motorists will have to pay more for petrol in May as prices continue to rise for the third month in a row.
The Ministry of Human Resources and Emiratisation (MoHRE) has announced a nationwide programme of events to mark International Workers’ Day on May 1, in collaboration with government and private sector partners.
