Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Egypt calls Erdogan statements ‘ironic,’ accuses Turkey of sponsoring terrorism
:: Egypt’s foreign ministry spokesman, Ahmed Hafez, slammed Turkish President Recep Tayyip Erdogan’s statements at the UN General Assembly this week where he urged the UN to “handle the suspicious death of More »
Saudi Crown Prince: Attacks are test of int’l resolve against destructive acts
:: Saudi Arabia’s Crown Prince Mohammed bin Salman said on Wednesday that the attacks on Saudi Aramco oil facilities are a test of international resolve in the face of destructive acts that More »
Saudi Crown Prince says attacks on oil facilities are a ‘dangerous escalation’
:: Saudi Arabia’s Crown Prince Mohammed bin Salman said the recent attacks on Saudi Aramco facilities represented a “dangerous escalation not only toward the Kingdom but also the entire world.” The Crown More »
Tag Archives: UBER
Uber rival Lyft says Alphabet leads latest $1 bln round of funding
:: Uber rival Lyft said on Thursday Capital G, the growth investment fund of Google parent company Alphabet Inc, led a $1 billion round of financing, boosting the valuation of the ride-hailing service to $11 billion. The company already received
Uber appeals against loss of London license
:: Uber submitted a court appeal on Friday to overturn a decision by London’s transport regulator that stripped the taxi app of its operating license in one of its most important markets. Transport for London (TfL) shocked the Silicon Valley
Innovation needs to work for the many, not just the few
By : Yossi Mekelberg :: Londoners have developed a love-hate relationship with the taxi app Uber. In a matter of a few years it has become a familiar part of the transport landscape, providing cheap and convenient cab services 24/7.
Uber appeals UK court case on drivers’ rights
:: Uber appealed before a British employment tribunal on Wednesday against a ruling that would give its drivers official worker status, as the company also battles against a threatened ban in London. The landmark case brought by two Uber drivers
Petition against Uber’s London ban hits 500,000
:: A petition organized by Uber against London’s decision not to renew its operating license has gathered 500,000 signatures, little more than 24 hours after the decision was announced, a website monitoring its progress showed on Saturday. The online petition
Uber stripped of London license
:: London stripped Uber on Friday of its license to operate from the end of September in a huge blow to the taxi app that will affect more than 40,000 drivers in one of the world’s biggest cities. Regulator Transport
Saudi sovereign fund, Softbank plan robotic initiative
:: Saudi Arabia’s main sovereign wealth investment fund and Japan’s Softbank Group plan to jointly study how robots can be used more effectively in government, business and society, they said on Wednesday. In the coming months, the Public Investment Fund
Three offers raise Uber’s value to $100 billion
:: Investment groups around the world are scrambling to seize a stake in Uber, the world’s largest passenger services company. The move comes amid speculation on the company’s reasons to sell its shares, despite a market dominance and optimism over
Uber, beset by scandal, faces battle over ‘destructive’ lawsuit
:: Ride-services company Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company’s ousted chief executive, Travis Kalanick, dealing another blow to the firm as it struggles to recover
Uber says growth strong as it gives a peek at earnings
Uber on Friday provided a glimpse at its earnings, saying it is growing strong while working to overhaul company culture at the scandal-dented on-demand ride service. “We’re fortunate to have a healthy and growing business, giving us the room to
Uber smartphone apps provisionally banned in Italy
An Italian court on Friday banned the use of smartphone apps for the ride-hailing group Uber, saying they contribute to traditional taxis facing unfair competition, local media reported. In a ruling that is subject to appeal, a court in Rome
US ride-hailing firm Lyft filling tank with cash as value revs
A fruitful funding round has bumped Lyft’s value to $7.5 billion, as the ride-hailing company drives to gain ground on scandal-rocked rival Uber, the Wall Street Journal reported Thursday. Lyft is closing a $500 million funding round in which it
Uber suspends use of self-driving cars after crash
Uber has grounded its fleet of self-driving cars pending an investigation into the crash of an Uber autonomous vehicle in Arizona, a spokesperson for the car-hailing service said on Sunday. No one was seriously injured in the accident which occurred
Thai transport authorities crack down on Uber, Grab drivers, seek ban
Thailand’s transport authorities have begun a crackdown on drivers for ride-hailing services Uber and Grab and want the military government to ban them, a transport official said on Tuesday. US-based Uber has faced regulatory hurdles around the world and when
Uber deploys secret weapon against undercover regulators worldwide
Uber has been wielding a secret weapon to thwart authorities who have been trying to curtail or shut down its ride-hailing service in cities around the world. The program included a feature nicknamed “Greyball” internally that identified regulators who were
Uber and Careem banned from airport pickup in Saudi Arabia
Picking up passengers from airports using private cars or ride-hailing services such as Uber and Careem is considered a traffic violation that is punishable by law, according to the General Directorate of Traffic. Saudis using private vehicles are also banned
Uber exec out after hiding sexual harassment allegation
A top engineering executive at Uber, Amit Singhal, is out five weeks after his hire was announced. According to a report in the tech blog Recode, Singhal failed to disclose that he’d left his previous job at Google because of
Uber willing to talk with Qatar drivers on strike
Uber’s communication department in the GCC announced that they are willing to hold talks with a number of Uber drivers in Qatar, who previously announced their plans to strike on Sunday. “Uber is committed to dialogue with partner drivers and
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