Month: August 2014

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

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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

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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

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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

Housing confirms its commitment to the announced date for the start of «distribution»

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Reading time: 3 MinutesThe Ministry of Housing reaffirmed its commitment to the previously set timeline for beginning the distribution of available housing subsidy programs to eligible recipients in all regions of the Kingdom, reiterating its commitment to serving citizens across the Kingdom and providing suitable housing to those who do not own it, noting that the distribution of housing projects in all regions will be carried out through a mechanism that ensures fairness and transparency for those who meet the eligibility criteria for the support program… Read more

“Riyadh Municipality launches online land segmentation service

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Reading time: < 1 MinuteThe Riyadh Municipality has launched an online land subdivision service to streamline procedures and expedite the processing of applications for the subdivision of residential land within approved plans, allowing citizens to use this service without being bound by official office hours. The service also allows the notary public to access all records approved by the municipality or the Secretariat. Through the new service, which … Read more

There is no intention to turn the General Authority for Tourism and Antiquities into a ministry and we are fully coordinated with the ministries

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Reading time: 18 MinutesHis Royal Highness Prince Sultan bin Salman bin Abdulaziz, President of the General Authority for Tourism and Antiquities, confirmed that there are currently no plans to transform the Authority into a ministry, noting that this matter is subject to the state’s assessment of the need for such a change, based on its vision for the restructuring of government and economic sectors. In an exclusive interview with Al Jazeera, His Royal Highness noted that the Authority … Read more

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