The increase was more pronounced in midscale, upscale and economy hotels in the Middle East, Africa and Asia-Pacific regions
The tensions in the region have led to a sharp drop in commercial vessel voyages through the Red Sea and Gulf of Aden
Meituan is hiring under KeeTa, the brand name it uses for food delivery operations in Hong Kong
The four-year deal will see Aramco become a worldwide partner of FIFA, including in major tournaments such as the World Cup 2026
Under the new arrangement, nationals of Saudi Arabia, Oman, and Bahrain will be eligible for five-year multiple-entry Schengen visas
Ritz-Carlton Reserve has only six properties in destinations including Thailand, Indonesia, Puerto Rico, and Mexico
A development cost of $37.8bn is expected by 2030 toward infrastructure, tourism transformation and real estate, according to industry data released ahead of the Future Hospitality Summit Saudi Arabia
This initiative, announced at Investcorp’s China-GCC Investment and Business Cooperation Summit, aims to attract institutional and private investors from the GCC, along with CIC
Miahona was established as one of the first proponents of the public-private partnership (PPP) model in the kingdom
Aldanah will feature more than 2,500 homes, spread across 1.7 million square metres, catering to nearly 10,000 residents
Payment of fines can be made either in one lump sum or separately for each violation.
The potential deal aligns with the energy firm’s strategy to expand its downstream presence in key high-value markets
The deal is subject to regulatory approvals and it is expected to be closed in the second half of 2024
The treaty is meant to address plastics through their entire lifecycle – from when they are produced, to how they are used and then disposed of
The weakening signs in physical markets have been driven by peak refinery maintenance, extra supply from the US, and a recovery from outages at some producers
The geopolitical risk premium in oil prices had been unwinding this week on the perception that the US could ensure tensions were managed
The new routes reinforce Saudi Arabia’s commitment to boost the growth of the travel and aviation sectors
Several parts of Saudi Arabia witnessed heavy rains and hail showers this week, prompting warnings from meteorology and civil defense authorities
The company has appointed banks including HSBC and the securities units of Al Rajhi Bank and Saudi National Bank to advise on the debt sale
Spanning 56,280 square metres, the project featuring villas will seamlessly blend modern amenities with Saudi heritage
Every year, LinkedIn publishes its ‘Top Companies’ lists for the UAE and Saudi Arabia using data on its platform that ranks organisations on seven pillars
The Consumer Price Index (CPI) in Saudi Arabia recorded a slight decrease of 0.1 per cent compared to February 2024
Analysts said prolonged tensions through the second quarter this year have largely priced oil at $85-$90 per barrel
Saudi Arabia has recorded a 61 per cent increase in the number of registered e-delivery businesses in the Kingdom
The Red Sea crisis has put plans of some operators to replace aging fleets with newer more fuel-efficient ships on the backburner.
Lucid said last month it was raising $1bn in capital from Ayar Third Investment Co, an affiliate of Saudi Arabia’s Public Investment Fund
Saudi’s Supreme Court had asked Muslims across the country to sight the crescent moon to mark the start of Eid al Fitr
By the end of February, Saudi Arabia had a total of 11,757 factories either operational or under construction
Shell has said it believes gas and LNG will play a critical role in the energy transition by replacing more polluting coal in power plants
Yemen’s Houthis have staged attacks on shipping in the Red Sea region for months in solidarity with Palestinians in Gaza