‘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.



Gold Rebounds from Two-week Low; US Jobs Data in Focus

FILE PHOTO: Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth//File Photo
FILE PHOTO: Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth//File Photo
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20

Gold Rebounds from Two-week Low; US Jobs Data in Focus

FILE PHOTO: Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth//File Photo
FILE PHOTO: Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth//File Photo

Gold gained on Friday as investors rushed to buy the metal a day after its prices hit a two-week low amid receding trade tensions, while the market's focus shifted to the US non-farm payrolls report due later in the day.

Spot gold rose 0.4% to $3,254.51 an ounce, as of 0610 GMT.

Gold hit its lowest level since mid-April in the previous session and has lost nearly 2% so far this week, the steepest weekly fall since late February.

US gold futures rose 1.3% to $3,263, Reuters reported.

"There have been softening stance (on tariffs) and situation has improved a bit, but still there are a lot of uncertainties so gold will still be preferred by investors," said ANZ Commodity Strategist Soni Kumari, adding that every price correction in gold is seen as a buying opportunity.

"If prices continue to decline and approach the $3,000 level, it could attract a lot of investment demand."

Beijing is "evaluating" an offer from Washington to hold talks over US President Donald Trump's 145% tariffs, China's Commerce Ministry said, although it warned US not to engage in "extortion and coercion."

Bullion, a safeguard against political and financial turmoil, last soared to a record high of $3,500.05 on April 22.

The market now awaits the US non-farm payrolls report due at 1230 GMT for more cues on the Federal Reserve's policy path.

Non-farm payrolls likely increased by 130,000 jobs in April after rising by 228,000 in March, a Reuters survey showed.

Chinese markets are closed for the Labor Day holiday from May 1-5 and will resume trade on Tuesday, May 6.

Gold started trading in premium in India this week for the first time in five months as demand revived due to a key festival and as prices corrected sharply from last week's record high.

Spot silver rose 0.5% to $32.57 an ounce, platinum firmed 1.1% to $968.76 and palladium gained 1.1% to $950.79.