Month: June 2013

A recent study calls for the establishment of a specialized entity to regulate and classify trademarks - Trademarks suffer from the Kingdom's weak presence in international agreements and treaties

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Reading time: 3 MinutesRiyadh-Amalak A recent study recommended the need to establish a specialized entity to regulate, classify and protect trademarks in the Kingdom. The study, prepared by a specialized commercial committee, stressed the feasibility of establishing a specialized entity to develop trademarks and the influential role of these marks at the level of companies, consumers and the economy as a whole, considering the trademark as a means of guarantee for the producer and consumer through its role in preventing the mixing of products ... Read more

It gives flexibility in implementation: 285 billion riyals the amount of spending expected on projects during the current year

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Reading time: 3 MinutesRiyadh - Amlak The volume of spending on projects in 2013 reaches 285 billion riyals compared to 264 billion riyals last year, which gives the state flexibility in spending and provides it with opportunities to expand the implementation of projects in the medium term, pointing out that the current year's budget witnessed an increase in allocations for vital sectors that have an impact on the construction sector. Flexibility ... Read more

While Saudi Arabia ranked first in hosting foreign investments: The UAE is the most attractive for foreign investment in the Arab world

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Reading time: 2 MinutesAbu Dhabi - Agencies The UAE topped the list of the most attractive Arab countries for foreign investments last year, while Saudi Arabia ranked first in the Arab world as the largest host country for foreign direct investments, according to the annual report of the Arab Investment Guarantee and Export Credit Corporation (Daman). The report showed that the UAE attracted $9.6 billion worth of foreign direct investment (36.6 ... Read more

UK's Daily Mirror: Saudi Arabia's economic environment is promising and attractive for local and international investments

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Reading time: 3 MinutesThe Saudi economic environment is promising and attractive for local and international investments by: Ahmed Al-Shimi - Amlak - Special: The need to expedite the establishment of a supreme body to regulate the Saudi real estate sector The growth of the real estate sector exceeds 20% this year if mortgage regulations are applied The real estate sector is the most attractive for investments and feeds 100 economic activities The Saudi economic environment is promising and attractive to local and international investments, experts: Necessity ... Read more

104 facilities closed in Riyadh

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Reading time: < 1 MinuteAs part of its efforts to implement the requirements and preserve the health of the citizen, the Riyadh Municipality closed (104) establishments related to public health, including restaurants, buffets, bakeries, juice shops, catering, fish and meat sales in all neighborhoods of Riyadh, during its sudden corrective control campaign. Health monitors and public control staff in sub-municipalities and concerned departments recorded more than (346) ... Read more

222 million riyals worth of contracts signed by Riyadh governor

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Reading time: 2 MinutesRiyadh-Amlak Within the framework of the Riyadh Municipality's endeavor to develop the capital, the Secretary of Riyadh, Engineer Abdullah bin Abdulrahman Al-Muqbel, signed contracts for (23) projects with a total value of (222,177,333) riyals with a number of national companies and institutions, where these projects included (18) projects inside the city of Riyadh with a total amount of (182,282,061) riyals, represented in moving waste and demolition from ... Read more

With the start of the summer vacation: GCC tourists boost occupancy rates at Gharbia hotels

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Reading time: 2 MinutesJeddah - Amlak The occupancy rates during the summer vacation in hotels in the Makkah Haram rose by 30 percent compared to previous months, which witnessed stagnation in the occupancy of hotels surrounding the Makkah Haram. Investors said that the prices of hotel rooms in the Haram, according to the degree of hotel classification, we were obliged by the Tourism and Antiquities Authority in Makkah to announce specific price lists and set an upper limit ... Read more

Demanding «Finance» to pay the capital of the real estate bank: «Shura approves equalizing the conditions for obtaining a mortgage loan

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Reading time: 2 MinutesThe Shura Council confirmed its approval to equalize the conditions for citizenship and obtaining a loan from the Real Estate Development Fund based on the recommendation of members Wafaa Taiba, Lubna Al-Ansari and Mona Al-Mushait, which won 76 votes and was prevented by one vote from being rejected. Read more

Registration begins for the Engineering Fundamentals and Professionals exams”

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Reading time: < 1 MinuteRiyadh-Amlak The Saudi Board of Engineers has started registration for the Fundamentals of Engineering and Professional Engineers exams, in cooperation with the US National Board of Engineering Examiners, which will be held on October 27, 2013 in Dhahran. Engineer Ghazi bin Saeed Al-Abbasi, Secretary General of the Authority, explained that the exams will be supervised by the Chairman of the Board of Directors of the American National Board of Engineering and Surveying Examiners in the United States of America, ... Read more

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