Business & Money | Tuesday 13 June, 2023 11:28 am

Bank of China to open first branch in Riyadh in November

Bank of China is working to open its first branch in Saudi Arabia in Riyadh, expecting to start operations by the end of October or the beginning of November 2023, Jun Tian, Head of Team for Launch of New Branch, said.   In an interview with Asharq Business, he explained that the...

More Details

Business & Money | Tuesday 13 June, 2023 11:02 am

Saudi Arabia eyes $20 bln investments in food industry by 2035: Minister

Bandar Alkhorayef, Minister of Industry and Mineral Resources, said the ministry seeks to attract investments worth $20 billion in the food industry sector by 2035, the Saudi Press Agency reported.   This mainly includes poultry, dairy, bakery, and sweets, as well as the beverage and ...

More Details

Business & Money | Tuesday 13 June, 2023 10:53 am

Cost of Living Evolves in Saudi Arabia in line with Swift Economic Progress, Mercer 2023 Report Shows

The recently released Cost of Living 2023 survey by Mercer provides an in-depth view of worldwide affordability. According to the data, Riyadh and Jeddah have ascended the rankings to the 85th and 101st spots respectively, however, they are still positioned among the more economically...

More Details

Business & Money | Tuesday 13 June, 2023 10:31 am

Dubai wins bid to stage Critical Communications World 2024

Professional Communication Corporation (Nedaa), the exclusive Secure network provider for the Government of Dubai, has announced that Dubai has won its bid to host next year’s Critical Communications World (CCW), the leading global conference and exhibition for the critical communications sector. ...

More Details

Business & Money | Tuesday 13 June, 2023 10:28 am

Azizi Developments partners with Italian porcelain tile manufacturer Florim S.p.A

Azizi Developments, a leading private developer in the UAE, is procuring Italian Florim S.p.A’s cerim porcelain tiles for its corridors at Creek Views II, situated in outstandingly well connected Dubai Healthcare City. Lever Building Materials LLC was contracted to deliver and install the...

More Details

Business & Money | Tuesday 13 June, 2023 9:55 am

Unlocking Innovation Potential: ADL's Benchmark Report Unveils the Path to a 30% Boost in R&D Returns

Arthur D. Little (ADL the leading management consultancy firm) launched its 2023 Global Innovation Management Excellence Benchmark Report, which highlights that of the $2 trillion per year that companies invest in R&D, financial returns from innovation have fallen across sectors since...

More Details

Business & Money | Tuesday 13 June, 2023 9:35 am

Comparison of real estate investments in the UAE and Saudi Arabia

The UAE and Saudi Arabia are both major players in the Middle Eastern real estate market, but there are some key differences to consider when comparing their investment opportunities. Our specialists from Mayak Real Estate have prepared a short list of differences in investment in each...

More Details

Business & Money | Tuesday 13 June, 2023 9:31 am

Low-risk real estate investment in Dubai

Dubai is one of the fastest-growing real estate markets in the world and offers a range of low-risk investment options. Before you decide to choose what is better to invest it would be smart to evaluate your options. Property RatingsWe suggest paying extra attention to property ratings in...

More Details

Business & Money | Monday 12 June, 2023 2:47 pm

Blockchain Research Institute partners with Saudi IR4LAB to spur Blockchain adoption in KSA

The Blockchain Research Institute – Middle East (BRI-ME), the exclusive partner of The Blockchain Research Institute, an independent, global think tank, dedicated to exploring and sharing knowledge about the strategic implications of blockchain on business, government, and society co-founded by...

More Details

Business & Money | Monday 12 June, 2023 2:24 pm

PepsiCo announces the six start-ups selected for the 2023 Greenhouse Accelerator Program: MENA Sustainability Edition

Today, PepsiCo announced the six companies that will be a part of the second cohort of its Greenhouse Accelerator Program: MENA Sustainability Edition, focused on sustainable agriculture. Following a rigorous multi-stage selection process, this year’s cohort brought forward innovative ideas...

More Details