In Dubai, the world's biggest platforms at Cityscape Global 2014

Reading time: 2 MinutesCityscape Global 2014 returns for the third consecutive year as the Middle East’s largest real estate exhibition, supported by the Dubai Land Department and its founding sponsors—Emaar, Dubai Properties, and Nakheel; and Flash Real Estate, the Global Strategic Sponsor; the Gold Sponsor—Tourism Investment and Development Company; the Project Marketing Sponsor—Aqua Real Estate; the Official Sponsor—Tresle Real Estate; and the Design Company… Read more

6.5 billion riyals total real estate market transactions in the first week of Shawwal

Reading time: < 1 MinuteThe real estate index rose by 35.281 TP3T, with a total transaction value of 6,516,673,252 billion riyals. The weekly report issued by the Ministry of Justice for the period from Sunday, 7/10/1435 AH, to Thursday, 11/10/1435 AH, showed an increase in notarial deeds in Makkah, Al-Khobar, Ras Tanura, and Al-Bukayriyah, and a decrease in notary offices in Riyadh, Jeddah, Dammam, Madinah, Buraidah, Tabuk, Abha, Jazan, Taif, Khamis Mushait, and Arar … Read more

Saudi Arabia's real estate finance market at the mercy of borrowers' investment returns

Reading time: < 1 MinuteExperts have warned of potential negative repercussions for the mortgage market in the future, resulting from individuals» heavy reliance on investment returns from the construction and rental of small villas (duplexes), townhouses, and apartments, given the current boom in this sector. Real estate expert Dr. Abdullah Al-Mughlouth told Al Jazeera that the real estate market is active, … Read more

Real estate for today : «Housing» is obliged to partner with the private sector in bridging the housing demand gap

Reading time: 3 MinutesInvestors in the local real estate sector have emphasized the need to involve the private sector in order to achieve the Ministry of Housing’s objectives through its strategies, noting that this would effectively balance the gap in growing demand, as the private sector would partner with the government in building housing units once the infrastructure is completed. The investors spoke to “Al-Youm” about … Read more

Real Estate Contributions disburses the entire capital of the shareholders of “Eastern Free Land”

Reading time: < 1 MinuteThe Real Estate Contributions Committee at the Ministry of Commerce and Industry has begun disbursing the full capital to shareholders of “Ard Al-Hara Al-Sharqia,” a subsidiary of Al-Suwaidani Real Estate Development and Investment Company. The committee said in a statement that the disbursement will be made to shareholders who applied to the bank during the announcement period and whose documents have been reviewed, noting that it will disburse the remaining amount after collecting it from the shareholder.

The private sector is developing 146 real estate projects in Jubail Industrial City and Ras Al-Khair

Reading time: < 1 MinuteA semi-annual report from the Project Management Department of the Royal Commission for Jubail on private sector projects in Jubail Industrial City revealed that 48 residential projects, 60 commercial projects, and 38 industrial projects are currently underway, The report stated that of the 48 residential projects, 28 are in the design phase and 20 are under construction, distributed as follows: 26 in Jalmouda and 9 in … Read more

33 million dinars profits of the industrial sector of the Bahraini bourse

Reading time: < 1 MinuteAluminium Bahrain (Alba) has played a key role in the performance of Bahrain’s industrial sector, both in terms of the company’s financial performance in the first half and second quarter of 2014 and in terms of the stock’s technical performance since the beginning of the year. Total net profits for the industrial sector in the first half of this year amounted to approximately 33 million Bahraini dinars, compared to 61.8 million dinars in the same period … Read more

Combats financial fraud in all its forms, shapes and patterns... Hafez: The Saudi banking sector is advanced in combating money laundering and terrorist financing

Reading time: 6 MinutesTalaat Hafez, Secretary-General of the Media and Banking Awareness Committee at Saudi Banks, confirmed that the number of complaints against Saudi banks had decreased by 50% compared to the 2011–2012 period, noting that the safeguards and strict controls implemented by Saudi banks against financial fraud, money laundering, and terrorist financing have placed the Saudi banking sector among the most advanced banking sectors globally, particularly in … Read more

PetroRabigh restarts its industrial complex in Rabigh

Reading time: < 1 MinuteRabigh Refining and Petrochemical Company (PetroRabigh) announced the resumption of operations at all facilities within its industrial complex in Rabigh Province following a brief precautionary shutdown yesterday due to a failure in the air supply unit for the control systems. The company said in an announcement posted on the ”Tadawul” stock exchange website that the malfunction was identified and repaired, and the unit was restarted at full capacity on the same day, and operations resumed… Read more

Memorandum of Understanding Between King Abdullah City for Atomic Energy and a Chinese Company

Reading time: < 1 MinuteKing Abdullah City for Atomic and Renewable Energy signed a memorandum of understanding with China National Nuclear Corporation the day before yesterday to strengthen cooperation in peaceful nuclear energy applications; The signing took place in the presence of Dr. Hashim bin Abdullah Yamani, President of King Abdullah City for Atomic and Renewable Energy, and Wu Xin-chiung, Minister of the State Energy Administration of the People’s Republic of China. The agreement was signed on behalf of … Read more