Month: August 2014

«Electricity Regulatory Authority issues »Electricity Service Provision Guide«

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Reading time: < 1 MinuteThe Electricity and Cogeneration Regulatory Authority has issued an updated version of the «Electricity Service Provision Guide,» which includes all the rules and regulations that service providers must comply with in accordance with approved technical standards and codes. The guide stipulates that service providers must ensure that all rights of service applicants and consumers are protected, most importantly their right to receive the service and to be provided with information regarding their subscription, and … Read more

Offering investment sites in Sakaka

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Reading time: < 1 MinuteThe municipality of Zaloum, north of the city of Sakaka in the Al-Jawf region, has begun offering several investment sites within its jurisdiction and along the road connecting it to Sakaka and Arar. Saleh Fahd Al-Otaibi, Director of Public Relations and Media at the Zaloum Municipality, revealed that the municipality has signed a contract for a wedding hall and has designated investment sites for a coffee shop, billboards, and a family restaurant along the highway, in addition to a Class “A” gas station, … Read more

Al Rajhi Bank offers both real estate and personal finance

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Reading time: < 1 MinuteAl Rajhi Bank has launched a new product that allows customers to obtain both a mortgage and a personal loan at the same time to finance the purchase of a house or apartment and secure sufficient liquidity to achieve other goals. The product features reduced financing rates and a repayment period of up to 20 years for real estate financing, in addition to new, streamlined procedures that make it easier to qualify. This comes … Read more

انخفاض تأشيرات العمل %39 خلال العام الماضي

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Reading time: 3 MinutesA recent report issued by the Ministry of Labor revealed that the number of visas issued to private-sector establishments in 2013 decreased by 39% compared to the previous year, The number of private-sector visas totaled more than one million, of which 950,000 were work visas and the remaining 69,000 were seasonal visas. The report, a copy of which was obtained by «Al-Youm,» explained that the number of visas issued by … Read more

The Sixth Palm and Dates Meeting at Qassim Chamber Discusses Addressing the Labor Crisis

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Reading time: 2 MinutesThe sixth meeting on palm trees and dates, organized yesterday by the Dates Committee of the Al-Qassim Chamber of Commerce, addressed the crisis of a shortage of foreign workers—particularly those with the required experience and skills— highlighting the resulting problems and risks that threaten the palm cultivation sector and could lead to farmers suffering heavy losses as the harvest season approaches without any tangible returns or profits. The secretary said … Read more

«Nujoom Al Salam for Real Estate Investment and Development among top 80 brands

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Reading time: < 1 MinuteNujoom Al-Salam Investment and Real Estate Development Company was selected as one of the top 80 Saudi brands according to a survey conducted by “Business Corner,” an economic magazine specializing in the business sector. On this occasion, Dr. Jarallah bin Abdullah Al-Adib, Chairman of the Board of Directors, received the award from Mohammed Hamid, General Manager and Editor-in-Chief of “Business Corner” magazine, and expressed his appreciation for the initiative… Read more

Risks of Overheating Are Mounting in Dubai's Real Estate Market... and Prices Are Currently Higher Than Pre-Crisis Levels

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Reading time: 2 MinutesMany sectors in China have been deeply affected by the recent slowdown in economic activity. The Chinese real estate sector, which has shown clear signs of cooling in recent months, is one of the sectors expected to experience a more severe economic downturn. Price growth, which peaked late last year at an annual rate of 9.9%, has been trending downward since then … Read more

Riyadh Chamber completes preparations to organize the annual businessmen's party

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Reading time: < 1 MinuteThe Riyadh Chamber has completed its preparations to host the annual business gala on the evening of Wednesday, 22 Dhu al-Qi’dah 1435 AH, corresponding to September 17, 2014 AD, at the Riyadh International Convention and Exhibition Center. The gala, which the Chamber has traditionally organized for more than two decades, will host a number of Their Highnesses the Princes, Their Excellencies the Ministers, and senior officials from the public sector, as well as heads and representatives of diplomatic missions … Read more

“Housing” implements two projects. Designs 14 in Aseer“

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Reading time: 2 MinutesThe Ministry of Housing affirmed that it has fulfilled all its promises, emphasizing that it is also committed to the deadlines it set for beginning the distribution of available housing subsidy programs to eligible recipients in all regions of the Kingdom, in accordance with their priorities, 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 housing subsidies. The Ministry stated that applications … Read more

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