CEO of Dubai’s Careem talks coronavirus, recovery and cashless payments

CEO of Dubai’s Careem talks coronavirus, recovery and cashless payments

Dubai-based ride hailing app Careem has seen a stronger recovery from the coronavirus pandemic than expected, according to its CEO Mudassir Sheikha.

While Sheikha admitted its ride-sharing service has "weakened" during the past few months, the shoots of recovery have appeared faster than expected.

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In an interview on CNN, the Careem boss discussed the company's position as it attempts to recover following coronavirus lockdowns.

“We are not there yet. But the recovery has been stronger than expected. We had made an assumption that the business would not fully recover until the end of next year, but the business is showing a stronger recovery than expectations,” he said.

He noted that the delivery side of the business has actually been growing quite healthily and that business is already "quite a bit above pre-Covid levels".

While the