Uber unit Careem sees speedier-than-expected recovery

Uber unit Careem sees speedier-than-expected recovery

Dara Khosrowshahi rings the opening bell during Uber's initial public offering in New York on May 10. Photographer: Michael Nagle/Bloomberg

Uber Technologies Inc-owned Middle East business Careem is seeing its ride service recover more quickly than expected from the coronavirus crisis, while its delivery business is larger than before the pandemic.

Careem, which mainly operates in the Middle East, had originally forecast that its ride service would recover at the end of 2021, but now expects it to rebound earlier in the year with some markets already close to pre-COVID levels.

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