Investors have weighed in on Uber's acquisition of Careem.
On Tuesday, global ride-hailing firm Uber confirmed it will spend $3.1 billion to acquire its Middle East rival.
Fadi Ghandour, founder of Dubai-based Wamda Capital, tells ARN News what he makes of the development.
He added that the deal proves that local ideas are worth investing in.
You can listen to Ghandour's full interview with Dubai Eye 103.8's Business Breakfast here.
World Bank approves $700 million for Pakistan's economic stability
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China's ByteDance signs deal to form joint venture to operate TikTok US app
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India reviewing allegations of antitrust breaches by IndiGo
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DXB and DWC boost winter schedules with new routes
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Amazon in talks to invest in OpenAI
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