Uber's Middle East business Careem sees ride-hailing recovery next year

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Careem, a unit of Uber Technologies, expects ride-hailing demand to recover to pre-pandemic levels 'sometime' in 2021, encouraged by a ...

Careem, a unit of Uber Technologies, expects ride-hailing demand to recover to pre-pandemic levels"sometime" in 2021, encouraged by a better-than-expected pickup as countries started to ease coronavirus-related curbs.

"It's been a tough couple of months," Careem Chief Executive Mudassir Sheikha told Reuters on Sunday."It's really anyone's guess. We have planned for a recovery sometime next year but ... the recovery has begun and the recovery has been faster already than our initial projections." "I'm actually quite bullish on the rest of the year and the next few years as a result of some of the restrictions that were put on our movement and the growth it led to in the adoption of digital platforms."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US lenders, businesses brace for disclosure on small business pandemic aidAmericans will soon get a first full look at which businesses received US$515 billion of taxpayer funds when the government, after initial ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »