Over 31 Million People Used Uber in Middle East Since its Launch

The logo for Uber Technologies is seen on a vehicle in Manhattan, New York City, New York, US, November 17, 2021. (Reuters)
The logo for Uber Technologies is seen on a vehicle in Manhattan, New York City, New York, US, November 17, 2021. (Reuters)
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Over 31 Million People Used Uber in Middle East Since its Launch

The logo for Uber Technologies is seen on a vehicle in Manhattan, New York City, New York, US, November 17, 2021. (Reuters)
The logo for Uber Technologies is seen on a vehicle in Manhattan, New York City, New York, US, November 17, 2021. (Reuters)

Uber, the global taxi-hailing app, revealed on Sunday that over 31 million riders took trips using the app since its launch in the Middle East and North Africa (MENA) region.

According to the “Uber MENA: 2021 in Numbers” report, 703,000 drivers in Egypt, 530,000 in Saudi Arabia and 18,000 in the UAE made trips since the service was launched.

It said 2021 continued to be “dramatically shaped by the ever-evolving global pandemic.”

“As everyone adapted to this new normal, people continued to use Uber in all different ways to suit their changing needs - whether it be from their homes, on their holidays, at their place of work, and everywhere in between.”

The roll out of vaccines and relaxing of some restrictions over the course of the year meant that international travel became an option again for many, the report read, noting that the app saw an increase in the number of people commuting into offices and places of work again.

It revealed some of its key travel trends from 2021.

The year’s number one rider was from Saudi Arabia and topped the charts with an impressive 1,706 trips in 2021 - taking on average four trips a day.

Drivers have been busy too, it stressed, noting that the top drivers made thousands of trips through the app, such as 7,613 in the Kingdom’s Eastern Province, 6,978 in Cairo, and 4,244 in Dubai.

Meanwhile, Uber Bus reached another milestone and witnessed growth of 2.4% compared to 2020 as it continued to facilitate affordable trips for commuters across Cairo.

The report underscored Uber’s role in supporting the community through the coronavirus pandemic, as riders have taken more than 126,355 free or discounted trips through the app to and from COVID-19 vaccination centers.

Tourist hot spots in the Middle East were popular trip destinations. The Boulevard in Riyadh is considered one of the top destinations in the Kingdom. Dubai's Burj Khalifa, the tallest building in the world, was also popular, racking up 319,596 trips, as well as the Great Pyramids of Giza in Egypt with 14,747 trips.



Putin: Russia to Continue Cooperation with OPEC+

Russian President Vladimir Putin speaking at the Russian Energy Week forum in Moscow on Thursday (EPA)
Russian President Vladimir Putin speaking at the Russian Energy Week forum in Moscow on Thursday (EPA)
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Putin: Russia to Continue Cooperation with OPEC+

Russian President Vladimir Putin speaking at the Russian Energy Week forum in Moscow on Thursday (EPA)
Russian President Vladimir Putin speaking at the Russian Energy Week forum in Moscow on Thursday (EPA)

Russian President Vladimir Putin said on Thursday that his country will continue to develop cooperation with the Organization of the Petroleum Exporting Countries (OPEC) and its allies known as OPEC+, as well as members of the Gas Exporting Countries Forum (GECF).

Putin also said Russia is fulfilling its obligations to supply energy resources to the global market.

The Russian President was speaking at the Russian Energy Week before a panel of top ministers from OPEC+ called the Joint Ministerial Monitoring Committee is scheduled to meet on Oct. 2 to review the market and is not expected to make any changes to policy.

Russian Deputy Prime Minister Alexander Novak told Reuters on Thursday that there were no changes to OPEC+ plans to start phasing out oil production cuts from December.

OPEC+, which groups OPEC members and allies such as Russia, is scheduled to raise output by 180,000 barrels per day in December. Iraq and Kazakhstan have pledged to cut 123,000 bpd in September to compensate for earlier pumping above agreed levels.

OPEC+ sources told Reuters on Thursday that the producer group is set to go ahead with a December oil output increase because its impact will be small should a plan for some members to make larger cuts to compensate for overproduction be delivered in September and later months.

Speaking at the Russian Energy Week, Putin said on Thursday, “Russia is fulfilling its obligations to supply energy resources to the global market. It plays a stabilizing role in it, participating in such authoritative formats as OPEC+, and the GECF.”

He added: “And we will certainly continue this cooperation with our partners.”

Putin praised cooperation with the BRICS group of countries, which Moscow sees as a counterbalance to the West, adding that Russia will continue cooperation with the OPEC+ oil producers.

Putin also acknowledged difficulties in payments for Russian energy exports, for which “friendly” counries, which have not introduced sanctions against Russia, account for 90%.

Russian oil and gas sales account for around a third of total state budget revenues and have been crucial for underpinning country's economy, which faces multiple sanctions from the West over the military conflict with Ukraine.

Meanwhile, Russian Deputy Prime Minister Alexander Novak told reporters on the sidelines of Russian Energy Week that all countries participating in the OPEC+ deal are currently in full compliance with their respective obligations, Russian, according to the Interfax news agency.

He said Russia aims to be producing 540 million tons of oil per year by 2050 in the baseline scenario, but this amount might be adjusted depending on the country's obligations within OPEC+.

“Indeed, 540 million tons is the baseline scenario for which we're aiming [for oil output by 2050], but with a caveat taking into account cooperation with our partners in OPEC+. We have no objective to flood the market if it does not require this. But [it also works] the other way, to give the market additional resources if this is required,” Russian Deputy Energy Minister Pavel Sorokin said.

He said Russia is not worried about potential growth of demand in the period to 2030 or the period to 2050.

“In our view, it's fairly substantial. It's at least 5 million-7 million bpd, meaning about 4.5%-5.5% from current consumption to 2030. Subsequently, we're talking about around 5% additional growth to 2050,” Sorokin said.