Chef Youm Jung-phil plans to close his restaurant in Seoul’s affluent Gangnam district this month, worn down by the rising cost of labor and rent as well as declines in the number of customers eating in. Instead Youm, who has nearly 20 years of experience in the industry, has opted to sell...
Saudi Arabia has been ranked second among the G20 group of leading nations for the development of its telecommunication services.
According to global radio spectrum allocation reports, the Kingdom made the largest breakthrough among G20 countries in terms of the amount of radio spectrum awarded...
The SNAD Mohammed bin Salman program has announced the disbursement of more than SR90 million ($24 million) to 4,700 beneficiaries.
Since its launch, the program has disbursed more than SR300 million to more than 15,000 Saudis, as part of its aim to support newlyweds, promote knowledge and...
Arkema completed the acquisition of ArrMaz, a global leader in specialty surfactants for crop nutrition, mining and infrastructure markets with a strong presence in Saudi Arabia. Thanks to this acquisition, Arkema will support the development of its customers in the region with top...
Dubai’s tenants and end-users are continuing to benefit from reduced apartment and villa sales prices, as well as a softening rental market, a trend expected to continue for the remainder of the year, according to the latest research from leading international real estate services firm,...
The Riyadh street art scene has a surprising and highly unconventional new addition with the unveiling of a new piece of work from popular local artist and poet Abdullah Al-Othman.
What makes this new piece of work so unique? It’s a 4-meter by 4-meter monument made up of more than 20,000...
Savola Group, Saudi Arabia's largest food products company, confirmed on Tuesday it had raised 1 billion riyals ($267 million) in sukuk, or Islamic bonds, in a deal arranged by the Saudi arm of HSBC.
Savola made the deal public in a bourse filing, confirming what sources familiar with the...
Saudi Aramco has awarded 34 contracts with a total value of $18 billion for the engineering, procurement and construction of the Marjan and Berri increment programs. The company plans to boost the Marjan and Berri fields’ production capacity by 550,000 barrels per day of Arabian Crude Oil and ...
Collinson, a global leader in customer benefits and loyalty, today announces a multi-million-dollar investment into India to fuel additional growth of Priority Pass™, its world-leading airport experiences programme. Priority Pass will double its lounge portfolio in India over the next three...
New research from Finastra has revealed that the market dominance of banks in the delivery of corporate treasury services is under threat from non-bank market entrants. According to its survey of 380 corporate treasurers from enterprises across Europe, the Middle East and Africa (EMEA), 70 percent...