In the face of far more competent ride-hailing rivals and with a limited fleet of luxury cars, the startup is unlikely to make a dent in the UAE market.
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The ride-hailing giant began allowing private vehicles to operate as taxis in Assam and sees this as a template it wants to expand to the whole country.
Spread across 159 companies, the 50,000 dirham-each fine is a clear statement of intent: no trifling with the rules. Separately, a new tech listing in Alpha Data.
In an unprecedented move, the sovereign wealth fund wants to acquire one of the oldest publicly listed logistics companies in the Middle East. The question is whether the proposed deal can help turn around Aramex.