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COMING UP:Share Opener Variant 2



>> This is what traveling around Cairo will soon look like. Uber announcing the launch of their new bus-booking service on Tuesday, set to be the cheapest of Uber services in the city.>> So we're extremely excited to be here today. So launching Uber Bus out of Cairo is the first, actually, Uber bus service to launch globally.
So we had the CEO here today launching service, which is super exciting.>> Egypt is home to more than 5 million Uber users, making it one of the biggest markets for the company. It's also one of Uber's top ten countries globally, in terms of trip numbers. But some riders in the Middle East struggle to book through the app, prompting Uber to launch a new one to cater for passengers with basic phones and little connectivity.
>> The roll-out of Uber Lite across
]>> Uber's announcement came just one day after their Middle East rival Careem also launched a bus-booking service in Egypt. Last month, Reuters reported that Careem had been working with investment bank Jefferies on investment options and fundraising, including a potential deal with Uber.