[SAN FRANCISCO] Global ride-hailing firm Uber Technologies Inc will spend US$3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated...

[SAN FRANCISCO] Uber is set to buy its Middle Eastern rival Careem for US$3.1 billion, financial news agency Bloomberg reported on Sunday.

UBER Technologies Inc is in advanced discussions to buy its Dubai-based rival Careem Networks FZ, a deal that would expand the ride-hailing giant's operations in the Middle East, according to...