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Uber’s Middle East Unit Careem Sees Recovery After 80% Slump

Careem Networks FZ Ride Hailing Operations — Photographer: Christopher Pike/Bloomberg

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By Layan Odeh, Manus Cranny, and Yousef Gamal El-Din

June 9, 2020 at 6:59 AM UTC

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Careem Inc.’s ride-hailing business started to recover as governments in the Middle East began easing transportation restrictions following weeks of lockdown due to the coronavirus pandemic.