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Careem Now
Careem is a Dubai-based super app with operations in over 100 cities, covering 12 countries across the Middle East, Africa, and South Asia regions. The company, which was valued at over billion in 2018, became a wholly-owned subsidiary of Uber after being acquired for $3.1 billion in January 2020. Careem expanded into the food delivery business with Careem Now in November 2018 and launched a digital payment platform, Careem Pay in April 2022. History Careem was founded by Mudassir Sheikha, an American of Pakistani origin and Magnus Olsson of Sweden, who had both worked as management consultants at McKinsey & Company. It started operating in July 2012 as a website-based service for corporate car bookings, and evolved to become a ridesharing company with car hire for everyday use. In 2015, the company acquired a Saudi-based home service company and Abdulla Elyas joined Careem. In 2017, the company announced a program to extend maternity leave and hire more women. In June 201 ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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McKinsey & Company
McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations. McKinsey is the oldest and largest of the " Big Three" management consultancies (MBB), the world's three largest strategy consulting firms by revenue. The firm mainly focuses on the finances and operations of their clients. Under the leadership of Marvin Bower, McKinsey expanded into Europe during the 1940s and 1950s. In the 1960s, McKinsey's Fred Gluck—along with Boston Consulting Group's Bruce Henderson, Bill Bain at Bain & Company, and Harvard Business School's Michael Porter—transformed corporate culture. A 1975 publication by McKinsey's John L. Neuman introduced the business practice of "overhead value analysis" that contributed to a downsizing trend that eliminated many jobs in middle management. McKinsey has a notoriously competitive hiring process, a ...
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Egypt
Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Mediterranean Sea to the north, the Gaza Strip of Palestine and Israel to the northeast, the Red Sea to the east, Sudan to the south, and Libya to the west. The Gulf of Aqaba in the northeast separates Egypt from Jordan and Saudi Arabia. Cairo is the capital and largest city of Egypt, while Alexandria, the second-largest city, is an important industrial and tourist hub at the Mediterranean coast. At approximately 100 million inhabitants, Egypt is the 14th-most populated country in the world. Egypt has one of the longest histories of any country, tracing its heritage along the Nile Delta back to the 6th–4th millennia BCE. Considered a cradle of civilisation, Ancient Egypt saw some of the earliest developments of writing, agriculture, ur ...
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Arab World
The Arab world ( ar, اَلْعَالَمُ الْعَرَبِيُّ '), formally the Arab homeland ( '), also known as the Arab nation ( '), the Arabsphere, or the Arab states, refers to a vast group of countries, mainly located in Western Asia and Northern Africa, that linguistically or culturally share an Arab identity. A majority of people in these countries are either ethnically Arab or are Arabized, speaking the Arabic language, which is used as the '' lingua franca'' throughout the Arab world. The Arab world is at its minimum defined as the 18 states where Arabic is natively spoken. At its maximum it consists of the 22 members of the Arab League, an international organization, which on top of the 18 states also includes the Comoros, Djibouti, Somalia and the partially recognized state of Palestine. The region stretches from the Atlantic Ocean in the west to the Arabian Sea in the east, and from the Mediterranean Sea in the north to the Indian Ocean in the sout ...
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Kurdistan Region
Kurdistan Region ( ku, هەرێمی کوردستان, translit=Herêmî Kurdistan; ar, إقليم كردستان), abbr. KRI, is an autonomous region in Iraq comprising the four Kurdish-majority governorates of Erbil, Sulaymaniyah, Duhok, and Halabja, and bordering Iran, Syria, and Turkey. The Kurdistan Region encompasses most of Iraqi Kurdistan but excludes the disputed territories of Northern Iraq, contested between the Kurdistan Regional Government and the central Iraqi government in Baghdad since 1992 when autonomy was realized. The Kurdistan Region Parliament is situated in Erbil, but the constitution of the Kurdistan Region declares the disputed city of Kirkuk to be the capital of the Kurdistan Region. When the Iraqi Army withdrew from most of the disputed areas in mid-2014 following the Islamic State’s invasion of Iraq, Kurdish Forces entered the areas and held control there until Iraq retook the areas in October 2017. Throughout the 20th century, Kurds in Ira ...
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Erbil
Erbil, also called Hawler (, ar, أربيل, Arbīl; syr, ܐܲܪܒܹܝܠ, Arbel), is the capital and most populated city in the Kurdistan Region of Iraq. It lies in the Erbil Governorate. It has an estimated population of around 1,600,000. Human settlement at Erbil may be dated back to the fifth millennium BC. At the heart of the city is the ancient Citadel of Erbil and Mudhafaria Minaret. The earliest historical reference to the region dates to the Third Dynasty of Ur of Sumer, when King Shulgi mentioned the city of Urbilum. The city was later conquered by the Assyrians. In the 3rd millennium BC Erbil was an independent power in its area. It was conqureed for a time by the Gutians. Beginning in the late 2nd millennium BC it came under Assyrian control. Subsequent to this, it was part of the geopolitical province of Assyria under several empires in turn, including the Median Empire, the Achaemenid Empire (Achaemenid Assyria), Macedonian Empire, Seleucid Empire, Armenian ...
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Najaf
Najaf ( ar, ٱلنَّجَف) or An-Najaf al-Ashraf ( ar, ٱلنَّجَف ٱلْأَشْرَف), also known as Baniqia ( ar, بَانِيقِيَا), is a city in central Iraq about 160 km (100 mi) south of Baghdad. Its estimated population in 2013 was 1,000,000 people. It is the capital of Najaf Governorate. It is widely considered amongst the holiest cities of Shia Islam and one of its spiritual capitals, whilst also remaining the center of Shia political power in Iraq. Name According to Ibn al-Manzur, the word, "najaf" (), literally means a high and rectangular place around which water is accumulated, although the water does not go above its level. Al-Shaykh al-Saduq appeals to a hadith from Imam al-Sadiq (a), claiming that "Najaf" comes from the phrase, "nay jaff" which means "the nay sea has dried" which gradually changed into "Najaf". "Najaf" is usually accompanied with the adjective, "al-Ashraf" (dignified). According to the author of ''al-Hawza al-'ilmiyya f ...
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Baghdad
Baghdad (; ar, بَغْدَاد , ) is the capital of Iraq and the second-largest city in the Arab world after Cairo. It is located on the Tigris near the ruins of the ancient city of Babylon and the Sassanid Persian capital of Ctesiphon. In 762 CE, Baghdad was chosen as the capital of the Abbasid Caliphate, and became its most notable major development project. Within a short time, the city evolved into a significant cultural, commercial, and intellectual center of the Muslim world. This, in addition to housing several key academic institutions, including the House of Wisdom, as well as a multiethnic and multi-religious environment, garnered it a worldwide reputation as the "Center of Learning". Baghdad was the largest city in the world for much of the Abbasid era during the Islamic Golden Age, peaking at a population of more than a million. The city was largely destroyed at the hands of the Mongol Empire in 1258, resulting in a decline that would linger through many c ...
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MENA
MENA, an acronym in the English language, refers to a grouping of countries situated in and around the Middle East and North Africa. It is also known as WANA, SWANA, or NAWA, which alternatively refers to the Middle East as Western Asia (or as "Southwestern Asia" in the case of "SWANA") and is a way to refer to the geography instead of the political term. As a regional identifier, ''MENA'' is often used in education in the Middle East and North Africa, academia, military planning, disaster relief, media planning (as a broadcast region), and business writing. Moreover, the region shares a number of cultural, economic, and environmental similarities across its comprising countries; for example, Climate change in the Middle East and North Africa, some of the most extreme impacts of climate change will be felt in MENA. Some terms have a wider definition than MENA, such as MENASA, MENAP or Greater Middle East, which extends to South Asia to include the countries of Afghanistan an ...
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State Of Palestine
Palestine ( ar, فلسطين, Filasṭīn), Legal status of the State of Palestine, officially the State of Palestine ( ar, دولة فلسطين, Dawlat Filasṭīn, label=none), is a state (polity), state located in Western Asia. Officially governed by the Palestine Liberation Organization (PLO), it claims the West Bank, including East Jerusalem, and the Gaza Strip as its territory, though the entirety of that territory has been Israeli-occupied territories, occupied by Israel since the 1967 Six-Day War. As a result of the Oslo Accords of 1993–1995, the West Bank is currently divided into 165 Palestinian enclaves that are under partial Palestinian National Authority (PNA) rule; the remainder, including 200 Israeli settlement, Israeli settlements, is under Area C (West Bank), full Israeli control. The Gaza Strip has been ruled by the militant Islamic group Hamas and has been subject to Blockade of the Gaza Strip, a long-term blockade by Egypt and Israel since 2007. After W ...
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Maternity Leave
Parental leave, or family leave, is an employee benefit available in almost all countries. The term "parental leave" may include maternity, Paternity (law), paternity, and adoption leave; or may be used distinctively from "maternity leave" and "paternity leave" to describe separate family leave available to either parent to care for small children. In some countries and jurisdictions, "family leave" also includes leave provided to care for ill family members. Often, the minimum benefits and eligibility requirements are stipulated by law. Unpaid parental or family leave is provided when an employer is required to hold an employee's job while that employee is taking leave. Paid parental or family leave provides paid time off work to care for or make arrangements for the welfare of a child or dependent family member. The three most common models of funding are government-mandated social insurance/social security (where employees, employers, or taxpayers in general contribute to a ...
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Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the Arab world, and the largest in Western Asia and the Middle East. It is bordered by the Red Sea to the west; Jordan, Iraq, and Kuwait to the north; the Persian Gulf, Qatar and the United Arab Emirates to the east; Oman to the southeast; and Yemen to the south. Bahrain is an island country off the east coast. The Gulf of Aqaba in the northwest separates Saudi Arabia from Egypt. Saudi Arabia is the only country with a coastline along both the Red Sea and the Persian Gulf, and most of its terrain consists of arid desert, lowland, steppe, and mountains. Its capital and largest city is Riyadh. The country is home to Mecca and Medina, the two holiest cities in Islam. Pre-Islamic Arabia, the territory that constitutes modern-day Saudi Ar ...
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