Month: August 2014

Contractors: The Ministry of Labor is strangling the construction industry like never before

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Reading time: < 1 MinuteA number of contractors have expressed their dissatisfaction and concern over the growing trend of transferring labor services within the Green Zone without the employer’s consent or knowledge, and through irregular channels. It is expected that in the coming period, those affected by the transfer of their labor services within the green zone will file complaints with the relevant authorities against the Ministry of Labor if the Ministry fails to address the problems they are facing. … Read more

Renovation of the Dammam-Riyadh freight transportation line

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Reading time: < 1 MinuteThe General Organization of Railways, represented by its President, Mohammed Al-Suwaiq, signed today a contract for the implementation of the first phase of the renovation of the 87.4-kilometer-long Freight Line No. 2 between Dammam and Riyadh, at a total cost of approximately 123 million riyals, with one of China’s leading railway companies. The Corporation aims through this step to increase … Read more

»Municipalities« Allocates 300,000 Square Meters of Land in Khamis Mushait for »Housing"

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Reading time: < 1 MinuteHis Royal Highness Prince Dr. Mansour bin Mutaib bin Abdulaziz, Minister of Municipal and Rural Affairs, signed a decision to allocate a plot of land measuring 299,735 square meters, in the province of Khamis Mushait in the Asir region to the Ministry of Housing for the construction of housing units for citizens. The decision included instructions for the Asir Region Secretariat to complete the regulatory procedures and contact the Notary Public to clear the land allocated for the construction of a housing project, … Read more

«Housing»: Subsidized units for personal use, not for rent or sale

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Reading time: < 1 MinuteThe Ministry of Housing has instructed all citizens who have received housing units that have begun to be distributed in the Jazan region, specifically in Wadi Abu Hajar, not to rent these units to anyone, even if they are relatives. The Ministry justified its request by stating that these housing units are subsidized and are considered a financial benefit to the individual; they are not considered the property of the beneficiary but are mortgaged by … Read more

First “videoconferencing” session to settle labor disputes

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Reading time: < 1 MinuteThe Supreme Authority for the Settlement of Labor Disputes in Riyadh held its first official hearing via »remote digital communication devices» for a labor case involving the Supreme Authority in Riyadh and the Court of First Instance in Arar. This marks the first such initiative among judicial bodies in the Kingdom, aimed at facilitating the process for litigants and resolving their labor disputes by leveraging technological tools that save them time and effort … Read more

The Aviation Agents Committee Discusses Mechanisms for Cooperation with the Civil Aviation Authority“

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Reading time: < 1 MinuteThe Committee on Aviation Agents and Support Services at the Jeddah Chamber of Commerce and Industry has selected the General Authority of Civil Aviation as the first government sector with which to build a bridge of communication and strengthen ties of mutual cooperation, following its inclusion among the sectoral committees for the 21st session of the Chamber’s Board of Directors. The meeting, which brought together a delegation from the Jeddah Chamber yesterday at the Authority’s headquarters, was attended by the Chamber’s Assistant Secretary-General, Engineer Muhyiddin … Read more

“Credit”: No loans for those whose salary exceeds 10,000 riyals

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Reading time: < 1 MinuteAhmed Al-Jabrin, the official spokesperson for the Credit and Savings Bank, denied that the bank intends to raise the maximum salary limit for loan applicants above 10,000 riyals or to increase the value of social loans (for marriage, family, and home renovation). He told Al-Madina that the bank has been working for nearly two years on developing a comprehensive national strategy to implement the savings program, drawing on international experiences … Read more

Faisal bin Salman : Medina tops most competitive cities for investment

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Reading time: < 1 MinuteHis Royal Highness Prince Faisal bin Salman bin Abdulaziz, Governor of the Madinah Region, affirmed that the investment climate in the region is conducive to attracting more investment, noting that global indicators have placed Madinah at the top of the list of the most competitive cities. This came during His Highness’s reception yesterday at his office in the Emirate of Dr. Mohammed Al-Khatrawi, President of the region’s Chamber of Commerce and Industry, and the President of … Read more

The single Gulf currency will become the most powerful economic bloc in the world

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Reading time: 5 MinutesMany economists in the Gulf Cooperation Council (GCC) countries have explained that the support expected from a unified Gulf currency, should it be introduced, would bolster the economies of all GCC countries and enhance their trade bargaining power with the rest of the world, It will also help eliminate risks related to Gulf currency exchange rates, resolve intra-regional trade issues, and deepen the concept of a single market. … Read more

Binladin-led consortium wins third contract for Qatar Metro«

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Reading time: < 1 MinuteQatar Rail announced that it has awarded the third major contract for the Doha Metro construction project to a consortium comprising Saudi Arabia’s Bin Laden Group, Austria’s Austria Bauphase, and Qatar’s HBK Construction. The new contract, the value of which was not disclosed, covers the elevated sections (above ground) of the Green Line, noting that the same consortium won last year … Read more

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