Uber to Buy Its Rival Careem This Week for $3.1 Billion
Business

Uber to Buy Its Rival Careem This Week for $3.1 Billion

The American ride-hailing company will pay $1.4 billion in cash for the Dubai-based company and $1.7 billion in convertible notes, and Careem shareholders will have until Monday to agree with the terms.
Saudi Anti-Corruption Sweep Targets Princes and Ministers
Politics

Saudi Anti-Corruption Sweep Targets Princes and Ministers

Saudi Arabia’s anti-corruption committee has just arrested dozens of current and former government ministers and princes, including the famous billionaire, Prince Alwaleed bin Talal, who holds stakes in global companies like Apple and Citigroup. The multiple arrests were part of a massive anti-corruption sweep.

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