Ride Hailing

Uber net loss hits $5 billion, up from a loss of $878 million a year earlier

Uber's net loss reflected $3.9 bn of stock-based compensation expenses from its IPO.

Uber planning to kick off its initial public offering in April: Report

Uber’s revenue last year was $11.3 billion, while its gross bookings from rides were $50 billion.

Ola accelerates international expansion with New Zealand foray, will offer services in Auckland, Wellington and Christchurch

Ola's service will include safety features like in-app emergency button that enables customers to instantly share important ride information

Toyota announces $500 mn investment in Uber to boost self-driving vehicles

Uber suspended all tests of its self-driving cars (in March) after one of its vehicles killed a pedestrian.

Uber names former NSA counsel Matt Olsen as its new chief security officer

Uber had fired its chief security officer, Joe Sullivan, and a deputy, Craig Clark, in November.

Uber may resume its services in Abu Dhabi after close to a two-year suspension

The US firm first launched services in Abu Dhabi in 2013. It has continued to operate in neighbouring Dubai.

Softbank-led consortium's investment in Uber values the ride-hailing company at $48 billion

SoftBank required a minimum threshold of a 14 percent stake of the company to proceed with the deal.

Uber CEO Dara Khosrowshahi to meet the head of London transport system over license dispute

Uber said it would appeal against TfL’s ruling and improve its conduct to keep its 40,000 drivers in London on the road.

As Uber tries to recuperate, Lyft seizes the opportunity to expands its base

The aggressive tactics cast the much smaller Lyft in a new light.

Careem becomes the first ride-hailing company to operate in Israel-occupied West Bank