The latest capital infusion comes at a time when the company is nearing profitability, which is expected by the end of FY 2024
car rental industry
Latest in car rental industry
car rental industry
Yango launches new in-app Dubai public transport feature
The new feature provides route information, schedules, and estimated travel times for buses, metro, and other transport options
car rental industry
Yango enters Dubai car rental market with new digital platform of 3,500 cars
The firm chose to launch Yango Drive in Dubai first given factors like its economic dynamism, tourism influx, and transport infrastructure investment
Abu Dhabi
Saudi announces Umrah dress code; UAE confirms private sector holiday; Tax fine warning – 10 things you missed this week
Saudi Arabia announces Umrah dress code for women, UAE reveals private sector holiday and more of the top stories this week
car rental
Dubai Police and car rental agencies discuss major traffic law change
Police and car rental companies meet to discuss changes to traffic law in Dubai
Buy New and Used Cars
Used car sales in Saudi Arabia: Lumi opens Jeddah showroom, targets $10.4bn sector
Seera’s Lumi expands used car sales footprint to Jeddah, to meet growing demand
car rental
Number of car rental companies registered in Dubai sees a jump of 24 percent in first half of 2022
The sector also saw an 11.8 percent increase in the number of vehicles registered during the period to 78,000 from 69,000 vehicles registered in first half of last year