Reuters reveals Uber talks with Mideast unit over outside investment; market reacts

Reuters exclusively reported that Uber Technologies is in talks with the management of its Middle East unit Careem to bring outside investors into the business, citing four sources familiar with the matter. The investment would help finance the further roll-out of Careem’s so-called Super App, two of the sources said, which offers services outside its core ride-hailing business such as food delivery, digital payments and courier services.