London's newest online grocery delivery app comes from Russia with love

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Updated 14 October 2021
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London's newest online grocery delivery app comes from Russia with love

  • Nasdaq-listed Yandex is Russia's most popular independent internet search engine and largest ride-hailing provider

Russia's biggest internet company dispatched its yellow-shirted moped riders to deliver groceries across London on Thursday, the latest newcomer to launch in a crowded sector that is forcing Britain's traditional groceries to revamp their business models.


Yango Deli, run by the Russian tech giant Yandex, is opening four London "dark stores" - shops closed to customers, where workers prepare orders for delivery - putting 1.4 million potential customers in range.


At one of its new stores, in an arch under a brick railway viaduct in Battersea, South London, a fleet of bright yellow mopeds and bikes was parked outside for couriers.


Nasdaq-listed Yandex is Russia's most popular independent internet search engine and largest ride-hailing provider.

The "Russian Google" is comparatively little known outside its home market, but says its experience delivering groceries from around 400 dark stores at home and from new ventures in Israel and France will give it a technological advantage.


"We are not really a new company - we have already done it before," said Evgeny Chernikov, General Manager of Yango Deli UK. "(We have a) massive bank of tech talent which means we can do many things much better and on a much larger scale than others."


It launched food delivery services in Paris in August and Israel last year. But London is particularly competitive. Yango's couriers will have to jostle for road space with those from other newcomers with names like Weezy, Getir, Dija and Gorillas, to say nothing of Uber, Amazon and the vans of the traditional grocers.


The Russian formula will need a bit of tinkering in Britain, Chernikov said: it costs more to hire workers, but British customers tend to have more money to spend.


"So it's all about adjusting the business model to the economic conditions."


Saudi Arabia opens 3rd round of Exploration Empowerment Program

Updated 01 February 2026
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Saudi Arabia opens 3rd round of Exploration Empowerment Program

RIYADH: Saudi Arabia’s Ministry of Industry and Mineral Resources, in collaboration with the Ministry of Investment, has opened applications for the third round of the Exploration Empowerment Program, part of ongoing efforts to accelerate mineral exploration in the Kingdom, reduce early-stage investment risks, and attract high-quality investment from local and international mining companies.

The third round of the Exploration Empowerment Program offers a comprehensive support package targeting exploration companies and mineral prospecting license holders.

The initiative aims to lower investment risks for projects and support a faster transition from prospecting to development.

"The program provides coverage of up to 70 percent of the total salaries of Saudi technical staff, such as geologists, during the first two years, increasing to 100 percent thereafter, in line with program requirements.

This support aims to develop talent, build national capabilities in mineral exploration, promote job localization, and facilitate the transfer of geological knowledge.

The application for the third round opened on Jan. 14, allowing participants to benefit from the Kingdom’s attractive investment environment, its stable legal framework, and streamlined regulatory structures, as well as integrated infrastructure that supports the transition from mineral resources to operational mines.

The ministry has set the timeline for the third round, with the application period running from Jan. 14 to March 31.

This will be followed by the evaluation, approval, and signing of agreements from April 1 to May 31, with the eligible projects set to be announced between June 1 and July 31 of the same year.

The program stages include submitting exploration data during the reimbursement and payment phase from Sept. 1 to Nov. 30, followed by technical and financial verification of work programs and approval of the disbursement of support funds in January 2027.

The exploration data will then be published on the National Geological Database in April 2027.

The ministry emphasized that the EEP focuses on supporting the exploration of strategically important minerals with national priority. It also contributes to enhancing geological knowledge by providing up-to-date data that meets international standards, helping investors make informed decisions and supporting the growth of national companies and local supply chains.

The ministry urged companies to apply early to benefit from the program’s third round, which coincided with the fifth edition of the International Mining Conference, which was held from Jan. 13 to 15.