Month: July 2014

Amlak Real Estate Newspaper wishes you a blessed Eid al-Fitr

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Reading time: < 1 MinuteThe Amlak Real Estate Newspaper and all its staff extend their warmest congratulations and best wishes to the Custodian of the Two Holy Mosques, King Abdullah bin Abdulaziz Al Saud; to His Royal Highness Crown Prince Salman bin Abdulaziz Al Saud; to His Royal Highness Deputy Crown Prince Mukrin bin Abdulaziz Al Saud, to the Saudi people in particular, and to the Arab and Islamic nations in general, on the occasion of Eid al-Fitr … Read more

Abu Dhabi's real estate market sees growth in the premium residential sector

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Reading time: 3 MinutesJLL has released its report on the performance of Abu Dhabi’s real estate markets during the second quarter of 2014, covering the office, residential, retail, and hospitality sectors. Commenting on the report, Craig Bloom, Head of Research at JLL Middle East and North Africa, said: “Growth in Abu Dhabi’s premium residential sector continued during the second quarter of 2014, … Read more

«The first successful public-private partnership project to support home buying

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Reading time: 4 MinutesHousing is the cornerstone of social stability and a key factor in encouraging young people to marry; the housing shortage causes many of them to shy away from starting families out of fear of housing problems, which are considered one of the most significant contributing factors, along with the resulting social consequences. Development plans must be linked to housing plans, the development of comprehensive regional planning for the Kingdom, and the comparative advantage of certain … Read more

Emir of Madinah inaugurates Public Investment Fund projects worth more than 55 billion riyals

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Reading time: 2 MinutesPrince Faisal bin Salman bin Abdulaziz, Governor of the Madinah Region and Chairman of the Madinah Development Authority, launched yesterday evening the largest project of the Public Investment Fund under the Ministry of Finance, valued at 55 billion riyals. This project is being carried out in the Madinah region and is considered one of a large group of proposed projects aimed at developingMedina and to replace the facilities that were removed from their original sites… Read more

Saudi Arabia's stock market looks promising after the entry of foreign investors

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Reading time: 3 MinutesEconomists and experts agree that foreign investors find the Saudi stock market highly attractive, given the strong macroeconomic fundamentals of the world’s largest oil exporter, demographic factors, low energy costs, and government spending on infrastructure, along with positive growth forecasts and the cheap valuations of many stocks in the market. Prominent economist Abdulwahab Abu Dahesh says: “Foreign direct investment will boost … Read more

Al-Suwaiket Calls on Businessmen to Invest in Railway Projects

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Reading time: < 1 MinuteThe President of the General Organization of Saudi Railways, Engineer Mohammed bin Khalid Al-Suwaiqat, received in his office at the organization’s headquarters in Dammam yesterday the Chairman of the Board of Directors of the Eastern Province Chamber of Commerce and Industry, Abdulrahman bin Saleh Al-Atshan, and the Chamber’s Secretary General, Abdulrahman Al-Wabel, in the presence of the Deputy General President for Technical Affairs, Engineer Abdullah Al-Balhadad, and a number of Corporation officials.

«Justice» launches the new format for real estate indicators

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Reading time: < 1 MinuteThe Ministry of Justice announced yesterday that it will launch the new version of the real estate indices—numbering 36 in total—next month during Shawwal. The real estate indices cover regions, cities, and neighborhoods; for example, a neighborhood index can provide the daily average real estate price in that neighborhood. In establishing these indices, the Ministry relied on its survey information systems, through … Read more

3624 inheritance cases in 265 days

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Reading time: 2 MinutesFrom the beginning of the current Hijri year through the 25th of Sha’ban, the courts have recorded a total of 3,624 cases involving inheritance disputes and claims for the compulsory and voluntary division of estates, with approximately 301 of these cases filed in the courts of the Makkah region. Cases involving the division of “real estate” under mandatory inheritance led the list with 2,127 cases, of which 752 were filed in the courts of the Makkah region … Read more

Workshop on Export Auditing and Strengthening the Capacity of Small and Medium-Sized Enterprises

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Reading time: < 1 MinuteThe Federation of GCC Chambers, in cooperation with the Bahrain Chamber of Commerce and Industry and the Islamic Center for Trade Development of the Organization of Islamic Cooperation, is organizing the training course «Export Auditing and Capacity Building to Enhance the Competitiveness of Small and Medium-Sized Enterprises in GCC Countries» in Manama, Kingdom of Bahrain, from September 1–3, 2014. The course aims to activate the role of reviewing business concepts for exports and strategies … Read more

«Saudi Aramco offers opportunities to participate in the construction of sports stadiums

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Reading time: < 1 MinuteSaudi Aramco announced that it will hold a meeting on Wednesday, August 6, 2014, hosted by the Eastern Province Chamber of Commerce, to which leading construction companies and engineering firms from across the Kingdom—possessing high levels of engineering, operational, and technical expertise and capabilities—are invited. At this meeting, Saudi Aramco will present its engineering and construction plans for the construction of eleven sports stadiums in various regions of the Kingdom, in implementation of the Royal Decree mandating … Read more

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