Balanced News: Uber-backed ride hailing app Careem is halting its operations in Qatar

According to the article, Uber-backed ride hailing service Careem is halting its operations in Qatar, due to local acquisition laws not being approved. The company says it will be operating “business as usual” in Qatar following today’s announcement. Careem has played a key role in Qatar’s 2022 World Cup, expanding its fleet in the country by 50% in November and growing in neighboring Saudi Arabia and the UAE.