Careem will suspend its ride-hailing service operations in Pakistan from July after nearly a decade in the industry, its CEO announced on Wednesday, adding that its journey in the country would continue “in a different role”. Mudassir Sheikha, Careem’s CEO and co-founder, shared a post on LinkedIn announcing “a new chapter” for the company. “It is with a heavy heart that I share this update: Careem will suspend its ride-hailing service in Pakistan on July 18,” Sheikha said, adding that it was “an incredibly difficult decision.” “The challenging macroeconomic reality, intensifying competition, and global capital allocation made it hard to justify the investment levels required to deliver a safe and dependable service in the country. “In the end, the Careem Rides team had to make this tough call,” he said. He called the ride suspension “the end of an iconic chapter — one built with purpose, grit and a ton of relentless hustle”. Sheikha highlighted some of Careem’s notable achievements while operating in Pakista...
For years, allies and adversaries alike have ridiculed Benjamin Netanyahu as the boy who cried wolf. The far-right hardliner has long been haunted by the prospect of an Iranian nuclear bomb, decrying that Tehran is just “weeks away” from such a weapon for over three decades now. A poster boy for genocide, he may be, it takes a man of a certain skillset to be able to be taken seriously after being so wrong for so long. Despite his faulty calculus, Netanyahu never really let up. From infamously waving a cartoon sketch of an Iranian bomb at the UN in 2012 to privately lobbying Western leaders into a broader military entanglement with Ayetollahs, the Israeli premier has long prized a war with Iran as the crown jewel of his sordid legacy. Israeli PM Benjamin Netanyahu infamously points to a cartoon sketch of a nuclear bomb at the UN in 2012. — Reuters So when he finally signed off on a series of “pre-emptive strikes” that looked to target Iran’s nuclear centrifuges and military brass in the early hours of Friday, ...