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Abu Dhabi, UAEFriday 19 October 2018

Business Extra podcast: Why Uber and Careem should stay in their own lanes

We also discuss Tesla's latest troubles and chat with Stimson Center's Brian Finlay in this week's episode

Careem's rise to prominence in the Middle East has Uber considering a transaction.. Reuters
Careem's rise to prominence in the Middle East has Uber considering a transaction.. Reuters

Ride-sharing app Careem has been one of the Middle East's most successful tech start-ups, and competitor Uber is now reportedly interested in an acquisition of the firm to widen its own presence in ther region. While it would likely be a multibillion-dollar windfall for Careem, would selling now be a shortsighted move for a company with so much potential?

Hosts Mustafa Alrawi and Chris Nelson discuss Careem's future in this week's episode of the Business Extra podcast. Listen here:

Also in this episode:

  • Tesla adds a criminal probe from the US Department of of Justice to its growing list of problems. Elon Musk's erratic behaviour and irresponsible tweets might have sunk his company.
  • If Tesla does fail, where does that leave the electric-car industry?
  • And we talk to Brian Finlay, President and CEO of Stimson Center, an American think tank which this week collaborated with UAE-based Trends Research & Advisory on a blueprint to grow renewable energy in the developing world.

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