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Saturday, 1 October 2016

Uber’s Dubai future threatened by new regulations — FT.com

Uber’s Dubai future threatened by new regulations — FT.com:

"Ride-hailing app Uber faces a tougher regulatory environment in its Middle Eastern headquarters of Dubai, where the authorities are threatening to impose extra levies that could threaten its operations.

The city’s transport regulator is demanding that its app, and that of local rival Careem, complies with a new set of regulations by Saturday. They include an extra five dirhams ($1.36) per fare surcharge, people aware of the matter say.

This levy, coming on top of a pre-existing requirement to charge 30 per cent more than taxi services, threatens the thin margins of Uber and Careem in Dubai and could force them to refocus investment to other markets."



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