Advertisement
New Zealand markets closed
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NZD/USD

    0.5960
    +0.0023 (+0.39%)
     
  • NZD/EUR

    0.5555
    +0.0009 (+0.16%)
     
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • OIL

    82.93
    +0.12 (+0.14%)
     
  • GOLD

    2,337.80
    -0.60 (-0.03%)
     
  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     
  • FTSE

    8,093.04
    +52.66 (+0.65%)
     
  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     
  • DAX

    17,975.19
    -113.51 (-0.63%)
     
  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • NZD/JPY

    92.6690
    +0.5540 (+0.60%)
     

China backed taxi app takes on Uber in Middle East

Middle Eastern taxi app firm Careem hopes investment from China's Didi Chuxing will help it rival Uber across the region. As Nawied Jabarkhyl reports, the two sides signed a deal to work together earlier this year, as competition heats up in the potentially huge market, which stretches from North Africa to Pakistan.