‘Uber Taxi’ Launched in Jordan

‘Uber Taxi’ Launched in Jordan
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‘Uber Taxi’ Launched in Jordan

‘Uber Taxi’ Launched in Jordan

Uber Jordan today has announced the launch of taxi-hailing service ‘Uber Taxi’ in the country. Jordan is the first country in the Middle East to get Uber Taxi. Careem that was recently acquired by Uber recently, however, has taxi-hailing services in many of its markets in the region including Jordan.

Uber in a statement said that the launch of Uber Taxi in Jordan is a testament to Uber’s support of the public transport sector in the nation, as well as its efforts to make transportation even more accessible to residents and visitors alike.

The statement also noted that Uber Taxi has expanded company’s network of vehicles in the country and will provide new economic opportunities for taxi drivers who will have access to more trips.

The announcement comes almost two weeks after Uber’s acquisition of its rival Careem but apparently the launch has nothing to do with Careem already having the option to hail taxis in Jordan as the two companies are not expected to have any integration until the deal is closed.

The base fare of UberX, Uber’s low-cost car type and Uber Taxi is same, JOD 0.5 ($0.71) but the taxi is relatively cheaper than Uber X as the per KM charges for Uber Taxi are set at JOD 0.130 compared to Uber X’s JOD 0.140 and per minute charges on Uber Taxi are JOD 0.050 whereas Uber X charges JOD 0.060.

Pierre-Dimitri Gore-Coty, Vice President of Uber operations in Europe, Middle East & Africa, commenting on the launch, said, “I am honored to announce the arrival of Uber Taxi in Jordan, and we are excited to be tapping into local modes of transport so that more riders and drivers can benefit from our technology. Jordan is a fast growing market, especially in the smart transport services sector, and through this launch, we aim to move towards our goal of becoming a multi-modality platform,”

“Furthermore, we hope that this will galvanize the development of transportation services in Jordan, and provide taxi drivers new opportunities to reap the economic benefits by using our technology to maximize their earning potential through the option of pairing with the closest Uber Taxi rider in addition to traditional street hailing,” he added.

Uber Taxi can be accessed through the regular Uber app as another car option by the users in Jordan. The company already has on-boarded hundreds of taxi drivers who are ready to start accepting the trips.

The taxi drivers, per the statement, will receive the same privileges provided to all Uber drivers and will be charged a reduced service fee.



Asian Stocks Gain after China Teases US Tariff Talks

Asian markets largely rose Friday, tracking Wall Street gains and as China said it was considering a US offer to negotiate steep tariffs. JADE GAO / AFP/File
Asian markets largely rose Friday, tracking Wall Street gains and as China said it was considering a US offer to negotiate steep tariffs. JADE GAO / AFP/File
TT
20

Asian Stocks Gain after China Teases US Tariff Talks

Asian markets largely rose Friday, tracking Wall Street gains and as China said it was considering a US offer to negotiate steep tariffs. JADE GAO / AFP/File
Asian markets largely rose Friday, tracking Wall Street gains and as China said it was considering a US offer to negotiate steep tariffs. JADE GAO / AFP/File

Asian markets largely rose Friday, tracking Wall Street gains, as China said it was considering a US offer to negotiate steep tariffs.

US markets forged higher Thursday following strong results from tech giants Microsoft and Meta that helped offset lingering economic worries.

Apple reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting its supply chain.

And Amazon reported a nine percent rise in first-quarter revenue, but its outlook fell as potential impact from the US-China trade war rattled investors.

Washington's punishing levies reached 145 percent on many Chinese products in April, while Beijing has responded with fresh 125 percent duties on imports from the United States.

On Friday, China's commerce ministry said it was evaluating a US offer for negotiations on tariffs, but wanted Washington to show "sincerity" and be ready to scrap levies that have roiled global markets and supply chains.

US President Donald Trump has repeatedly claimed that China has reached out for talks on the tariffs, and this week said he believed there was a "very good chance we're going to make a deal".

Dozens of countries face a 90-day deadline expiring in July to strike an agreement with Washington and avoid higher, country-specific rates.

Stephen Innes of SPI Asset Management said Beijing and Washington were now "waving detente flags" in their spiraling trade war.

Beijing's demand for sincerity was an apparent call to ditch the 145 percent rate, before holding serious talks, Innes said in a note Friday.

"But dig a layer deeper, and the path is still littered with landmines," he added.

In Asia trading Friday, Hong Kong's Hang Seng Index was up more than one percent in the morning, while Japan's main Nikkei index gained about 0.6 percent.

Japan's envoy for US tariff talks said in Washington on Thursday that a second round of negotiations between the two countries had been "frank and constructive".

Japan, a key US ally and its biggest investor, is subject to the same 10 percent baseline tariffs imposed on most nations plus steeper levies on cars, steel and aluminium.

The Bank of Japan warned earlier that tariffs were fueling global economic uncertainty and revised down its growth forecasts while keeping its key interest rate steady.

Traders are looking ahead Friday to US jobs data for April for indications of the US central bank's path for interest rates.