Today’s top business headlines with ChristineRomans before the opening bell on Wall Street: - Trump nominates Stephen Moore to Fed. board - Mortgage rates continue to fall - Business economists forecast slowing GDP - Airbus lands huge deal with China
London 1. Uber scoops up Careem: Uber is buying Careem, the biggest ride-hailing app in the Middle East, for $3.1 billion.
Careem was founded in 2012 and has since attracted 30 million users across 90 cities in the Middle East, North Africa and Pakistan. It was valued at more than $2 billion in a funding round in October.Based in Dubai, Careem will operate under its own brand as a subsidiary of Uber and continue to be led by CEO Mudassir Sheikha.
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