Month: September 2013

For the next 10 years, the UAE will be among the fastest-growing real estate markets

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Reading time: 2 MinutesThe UAE, along with Singapore and Brazil, is the fastest-growing country in the world in terms of total real estate asset value over the next decade with a growth rate of 2 percent, according to an international report on the value of real estate assets in 30 countries around the world, compiled by EC Harris in collaboration with the Center for Economic and Business Research... Read more

4 billion riyals in revenues from the Kingdom's ports The privileged location of the Kingdom's ports on the Red Sea and Arabian Gulf coasts made them economic centers

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Reading time: 3 MinutesThe actual revenues realized by the General Corporation for Ports in the last fiscal year 1433/1434 AH exceeded 4 billion riyals, an increase of 800 million riyals over the previous fiscal year, while the container sector witnessed an increase in port capacity from 5 million containers in 2008 to 12 million containers in 2012. The uniqueness of the Kingdom's locations and ... Read more

Additional conditions for the housing mechanism to distribute land and housing units to citizens “Housing” requires the beneficiary not to own a home and to have a ”family”

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Reading time: 3 MinutesThe Ministry of Housing revealed through the ministry's spokesperson, Engineer Mohammed Al-Zamai, that the basic and most important conditions in the mechanism of distributing lands and housing units to citizens' beneficiaries stipulates that the applicant must not own housing, indicating that one of the most important components of the mechanism is that the applicant is a (family) and has not previously benefited from one of the housing support programs, whether ... Read more

«Tawuniya is the best among GCC insurance companies in 2013

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Reading time: < 1 MinuteRiyadh-Amalak Tawuniya Insurance Company was able to obtain the best global credit rating among Saudi and GCC insurance companies during 2013 after Standard & Poor's, the world's largest financial rating agency, gave it an outstanding (A) rating and a stable outlook. For his part, Mr. Ali Abdulrahman Al-Subaheen, CEO of Tawuniya, explained that Standard & Poor's awarded the rating ... Read more

«Bank Al Jazira receives advanced rating from Capital Intelligence

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Reading time: < 1 MinuteRiyadh-Amalak: Bank Al Jazira, a leading provider of modern Shari'ah-compliant banking services, has received an advanced rating from Capital Intelligence, a leading international credit rating agency, clearly reflecting the excellence and effectiveness of its business model and performance. The rating agency affirmed the bank's BBB rating in terms of financial strength and stability, ... Read more

“Rabigh reactivates basic units in the company's compound

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Reading time: < 1 MinuteRabigh Refining and Petrochemical Company (PetroRabigh) announced that all the main units of the company's complex have been restarted, including the ethane cracker unit. The company said in a statement on Tadawul that the ethane cracker was restarted with a limited capacity (60 million cubic feet per day) and will be operated at full capacity (95 million cubic feet per day) ... Read more

Inaugurating the 2013 Commercial Forum, the Emir of Sharqiya : We are working to support the commercial movement, and we ask the Eastern Chamber to present initiatives - «Undersecretary of the Ministry of Commerce: »Commercial fraud« is a deception that requires strict control - Secretary of the Council for the Protection of Competition: The division of »markets" imposes restrictions on production

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Reading time: 4 MinutesDammam - Amlak His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, called on the Eastern Chamber to adopt an initiative that serves the region and benefits the people, leaving them to determine the identity of that initiative and its date, and stressed during the opening of the Sharqiya Commercial Forum 2013 organized by the Eastern Chamber last week, the keenness of the government of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz ... Read more

National Day... and loyalty

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Reading time: < 1 MinuteAll regions of the Kingdom celebrated the 83rd anniversary of the National Day, and at the outset we must extend our congratulations to the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud, His Royal Highness Prince Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense, and His Royal Highness Prince Muqrin bin Abdulaziz Al Saud, Second Vice President of the ... Read more

20 ”No's” to Avoid When Decorating Your Home

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Reading time: 4 MinutesWhen browsing decoration websites, magazines and articles, we find a lot of tips and topics that deal with the things you should follow or take into account before choosing the right decoration for you, but it is rare to find topics that show you things you should not overlook and things you should avoid before choosing the most suitable for you. Amlak Real Estate Newspaper in this issue will open ... Read more

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