
Careem Pay launches money transfers to Egypt
Dubai, UAE: Careem Pay, the payments platform within the Careem app, expands its remittance service to Egypt, allowing UAE residents to send money directly to bank accounts in Egypt quickly and at competitive rates.
Careem Pay facilitates money transfers to some of the largest remittance corridors in the world, including India, Pakistan, the UK, Europe, and the Philippines, providing a quick and simple way to support families, manage finances, or contribute to investments abroad.
The UAE is home to a large Egyptian expat population, making Egypt one of the top five recipients of remittances from the UAE. In recent years, the overall market size of remittance from the UAE to Egypt has been estimated at approximately USD 10 billion.
Mohammad El Saadi, VP of Careem Pay, commented: 'We're excited to expand our money transfer service to an important segment of the UAE population. Many Egyptian expats in the Emirates routinely send money home to support their families or manage their personal finances. We offer some of the best rates in the market - in fact we're 50% cheaper than banks. Our transfers are near-instant, with some completed in as little as seconds. Careem Plus members are also guaranteed rates better than the rates seen on Google, allowing them to save hundreds with each transfer.'
The new corridor launch comes in time for Ramadan, a period when remittances typically see a spike as customers increase financial support to their families for charitable purposes and upcoming Eid celebrations.
Careem Pay's mission is to simplify financial services in the region through a comprehensive payments platform that offers seamless P2P and international transfers, bill payments, and other digital wallet services.
To make an international money transfer through Careem Pay, download or open the latest version of the Careem app and select 'Send Money' on the home screen.
About Careem
Careem is building the Everything App for the greater Middle East, making it easier than ever to move around, order food and groceries, manage payments, and more. Careem is led by a powerful purpose to simplify and improve the lives of people and build an awesome organisation that inspires. Since 2012, Careem has created earning opportunities for over 2.5 million Captains, simplified the lives of over 70 million customers, and built a platform for the region's best talent to thrive and for entrepreneurs to scale their businesses. Careem operates in over 70 cities across 10 countries, from Morocco to Pakistan.
For media inquiries:
Jasmine AlDameary
jasmine.aldameary@careem.com
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


TECHx
41 minutes ago
- TECHx
Dubai Gaming Sector Sees Growth with DPG33
Home » Top stories » Dubai Gaming Sector Sees Growth with DPG33 Dubai has announced strong growth in its gaming sector. The Program for Dubai Gaming 2033 (DPG33), overseen by the Dubai Future Foundation, revealed that the city is now home to over 350 gaming-related companies. Out of these, 260 companies are specialised game developers. This contributes to a global industry valued at USD 200 billion. Since DPG33 launched in November 2023, more than 60 new companies have been established in Dubai. Of these, 12% are large global firms. This marks a growth rate of 16.6% since the program's launch. The gaming industry is emerging as one of Dubai's most promising economic sectors. His Excellency Khalfan Belhoul, CEO of the Dubai Future Foundation, stated that the progress reflects Dubai's future vision. He added that the city's focus is on economic diversification and proactive investment in current and future opportunities. Belhoul noted that the gaming sector offers strong economic potential. He said Dubai remains a land of opportunity for innovators and creators. The sector benefits from a supportive ecosystem for entrepreneurs, especially in advanced technology and game development. DPG33 was launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, in November 2023. It aims to position Dubai among the world's top 10 global gaming hubs by 2033. The program also targets the creation of 30,000 new jobs and a USD 1 billion boost to GDP. DPG33 focuses on: Nurturing talent and entrepreneurship Embracing tech innovation and digital content creation It also creates training and job opportunities through global firms and academic partnerships. The program leads local and international events and fosters collaboration among individuals, businesses, and regulators in Dubai and beyond. The Dubai gaming industry continues to gain momentum, reinforcing its position on the global stage.


Al Etihad
3 hours ago
- Al Etihad
UAE markets continue rally with DFM rising by more than 1%
9 June 2025 20:19 A. SREENIVASA REDDY (ABU DHABI)The UAE stock markets continued their momentum on Monday, with the Dubai Financial Market rising by more than 1% on the first day of trading after the four-day Eid break. The Abu Dhabi Securities Exchange (ADX) recorded its third consecutive session of gains, with its general index (FADGI) rising by 0.135% to close at 9,748.13. A total of 25,847 trades were executed, involving 502 million shares with a combined value of Dh1.334 billion. The total market capitalisation of all companies listed on the ADX stood at Dh3.012 led the rally with a 1.56% gain, followed by e& with a 0.58% rise and ADNOC Gas with a 0.3% increase. Aldar has announced plans to establish the region's first King's College School Wimbledon in Abu Dhabi as part of the recently announced project Fahid Island. Multiply, whose shares rose by 0.87% on Monday, announced a new media brand bringing all its outdoor advertising companies under one banner. Other top gainers on the ADX included E7W Warrants (+14.93%), Al Wathba National Insurance (+13.92%), and Abu Dhabi National Takaful (+13.64%). Notable decliners were Gulf Medical Projects (-6.05%), Investcorp (-2.94), and National Bank of Fujairah (-2.63%). DFM The Dubai Financial Market's general index (DFMGI) rose by 1.026% to close at 5,592.75, its highest point since 2008, with almost all sectors in positive territory. A total of 20,636 trades were executed on the DFM, involving 834 million shares with a combined value of Dh1 billion. Share prices of 30 companies rose, 15 declined, and 10 remained the real estate giant, was the star performer with its stock rising by nearly 15% to reach Dh1.06. Deyaar Chief Executive Officer Saeed Mohammed Al Qatami recently wondered at a press conference why his company's stock price was less than a dirham when its book value was well above Dh1. Deyaar is often overtaken in optics by its better-known rivals — Emaar and Emaar Developments. Another blue-chip company, Salik, surged by 2.27%, leading to one of the biggest recent rallies. Among the other top gainers were Union Properties (+14.87%), Al Mal Capital REIT (+10%), and Emirates REIT (+9.43%). On the losing side, Al Mazaya Holding fell by 8.84%, followed by Emirates Islamic Bank (-5.65%), Amlak (-4.24%), and National Industries (-2.01%). Monday was the last day of trading for Emirates Islamic as its 100% ownership was acquired by its parent company, Emirates NBD. Amlak Finance, in a disclosure, clarified that the recent price rally was triggered by the company's decision to proceed with the execution of the sale of the Ras Al Khor plots to Emaar Development for a total consideration of Dh2.9 billion. Stock Markets Continue full coverage


Zawya
10 hours ago
- Zawya
Hala Taxi customers save AED 15mln on rides through Careem Plus subscription
Careem Plus members typically save over AED 300 per month, with active users saving over AED 1,000. Dubai, UAE – Hala, Dubai's most convenient e-hailing taxi solution and a joint venture between the Roads and Transport Authority (RTA) and Careem, today announced that customers using Hala rides through the Careem Plus subscription programme have collectively saved around AED 15 million in just four years on Hala rides. The figures reflect growing consumer interest in value-led mobility solutions, driven by rising demand for cost efficiency and convenience in urban transport. Every month, thousands of Hala users subscribe to Careem Plus, typically saving more than 15 times the AED 19 subscription fee per month. Members receive 10% instant cashback on every Hala ride, credited directly to their Careem wallet, a feature that differentiates Careem Plus from other subscription programmes where cashback can take significantly longer to reflect, or may lack transparency. The average Hala rider subscribed to Careem Plus receives AED 40 back each month just on Hala trips, with total monthly savings across Careem's services averaging over AED 300. Commenting on the milestone, Khaled Nuseibeh, CEO of Hala, said: 'We are pleased to see such strong engagement with Careem Plus among Hala riders. The consistent growth in usage demonstrates that customers value the tangible savings and simplicity that the programme provides. As part of our commitment to supporting urban mobility in Dubai, we will continue to enhance the user experience through offerings that are accessible, practical, and genuinely rewarding.' Careem Plus, which is integrated into the broader Careem 'Everything App', provides members with exclusive benefits across multiple services for a monthly fee of AED 19. In addition to cashback on Hala and Careem Rides, members enjoy free delivery on food and grocery orders, exclusive rates on international money transfers, and discounts on dining bills, home cleaning, laundry, Careem Bike, and more. Active Careem Plus members typically save over AED 300 per month across the platform, with the most active users saving more than AED 1,000 monthly. The programme is designed to offer cross-category value while reinforcing Careem's position as the region's leading multi-service digital platform. As Dubai continues to prioritise innovation in transport and urban services, Hala and Careem remain aligned with the city's vision by delivering integrated, value-driven solutions that enhance the everyday lives of residents. About Hala Hala is Dubai's most convenient e-hailing taxi solution, easily booked through the Careem app. A joint venture between Careem and the Roads and Transport Authority (RTA), Hala leverages Careem's ride-hailing technology and the local knowledge of the RTA to provide the most reliable and convenient rides across Dubai and Ras Al Khaimah. With a motivation to continuously elevate customer experience in public transportation, Hala has unlocked this incredible region by keeping Dubai connected and moving. Media Contact: Natasha Tourish at Q Communications Natasha.t@ About Careem Careem is building the Everything App for the greater Middle East, making it easier than ever to move around, order food and groceries, manage payments, and more. Careem is led by a powerful purpose to simplify and improve the lives of people and build an awesome organisation that inspires. Since 2012, Careem has created earning opportunities for over 3.5 million Captains, simplified the lives of over 75 million customers, and built a platform for the region's best talent to thrive and for entrepreneurs to scale their businesses. Careem operates in over 70 cities across 10 countries, from Morocco to Pakistan.