The Bell Nexus concept “flying car” is shown at the Uber Elevate summit in Washington on Wednesday. Agence France-Presse
Uber Technologies has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said in its IPO filing. The document gave the first comprehensive financial picture of the decade-old company which was started after its founders struggled to get a cab on a snowy night and has changed the way much of the world travels.
Global ride-hailing firm Uber Technologies is in talks with regulators over plans to expand into two West African countries and provide a boat service in Nigerian megacity Lagos, a company executive said.
Estonia’s Bolt, which until early 2019 was called Taxify, will on Tuesday re-enter the competitive London taxi market, promising cheaper rides to passengers and a better cut to drivers
Emirates airline has partnered with Uber to offer UAE travellers discounted airport transfers this summer. Emirates Economy Class Flex Plus and Economy Class Flex customers can avail free or discounted airport rides to and from DXB on bookings made starting from June 2 until July 31, for travel until Aug.31.
Dubai Chamber members who are trading with markets in Asia are faring better than expected despite business challenges brought forth by the (Covid-19) pandemic, a new report issued by Dubai Chamber of Commerce and Industry has revealed.
The Federal Tax Authority (FTA) asserted that its recent decision to postpone the final step of phase two of the Marking Tobacco and Tobacco Products Scheme until January 1, 2021, does not affect the first two steps that were already implemented, nor does it impact the Excise Tax rates.
The Umm Al Quwain Free Trade Zone Authority has taken a series of proactive steps to ensure business continuity for its existing investors who are battling the economic backlash. These welcome measures will lend a helping hand to SMEs and microbusinesses to overcome serious cash flow challenges in the next few months, retain their workforce and sustain their businesses.
Special Assistant to the Prime Minister on Accountability, Shahzad Akbar says a subsidy of Rs29 billion was given to sugar industry in last five years to the subsidy of just Rs2.4 billion by the PTI-led Punjab Government.