Careem's CEO ribbed Uber for making a rookie error in the Middle East. Uber just paid $3.1 billion to buy it.

Careem's CEO ribbed Uber for making a rookie error in the Middle East. Uber just paid $3.1 billion to buy it.

Business Insider

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· *Uber's $3.1 billion acquisition of Careem, a major rival in the Middle East, closed on Friday after being announced in March. *
· *For Uber, it's a way to buy dominance in a fiercely competitive region.*
· *Careem has built a moat to keep out Western competition, founder and CEO Mudassir Sheikha told Business...

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