UAE telecom giant e& gives up plan to build a 'super app'

UAE telecoms giant e& has sold 12.5% of Careem Technologies back to Uber for $100 million, reducing its stake to 37.5% as it abandons its 'super app' ambitions. The decision follows challenges in executing the super app vision in the UAE, with TAMM consolidating public services and AI agents threatening the concept's viability. e& retains a put option to fully exit by late 2031.