Month: November 2014

Abdulaziz bin Salman: 4 entities to monitor the application of the «Saudi Standard» to automotive companies

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Reading time: < 1 MinuteHis Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz, Assistant Minister of Petroleum and Mineral Resources for Petroleum Affairs and Chairman of the Subcommittee for the preparation of the Saudi Energy Efficiency Program, revealed that a working system of four government agencies has been prepared to monitor the implementation of the «Saudi Standard for Fuel Economy in Light Vehicles», the commitment of global automakers to the requirements of the standard, and follow up on improving the rate of ... Read more

Nominations for the Board of Directors of the Engineers Authority open

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Reading time: < 1 MinuteNext Saturday, the elections for the Board of Directors of the Saudi Board of Engineers in its fifth session (2015-2018) will be held in a completely electronic process. This was explained by Dr. Ali Mohammed Al-Qahtani, Chairman of the Election Supervisory Committee, indicating that the nomination period will last for two weeks, starting on Saturday and continuing until Friday 2/13/1436H corresponding to (5/12/2014G), according to the most important conditions and controls, the most important of which are: To be ... Read more

Minister of Finance : The Kingdom hedges its budget for all expectations

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Reading time: < 1 MinuteFinance Minister Ibrahim Al-Assaf has clarified that the current oil situation has no direct impact on the next fiscal year's budget. He said in response to a question to Okaz about whether the relative decline in oil prices will have a direct impact on the Kingdom's upcoming budget and the spending policy on vital projects approved by the state. He explained: The oil situation in the world affects in one way or another ... Read more

30 million for King Abdullah Road compensation beneficiaries in Najran

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Reading time: < 1 MinuteThe compensation crisis for King Abdullah Road in Najran has come to an end, as three government agencies in the region began serious steps to implement the Supreme Order directing the payment of compensation to the owners of agricultural lands that the road crosses, thus ending the owners' suffering that lasted 11 years since the start of the project, as a result of its implementation before compensating the owners and determining the share of each of them. An official source at the ... Read more

Real Estate Fund applications and black market curbs reduce waiting lists to 475,000 citizens

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Reading time: < 1 MinuteThe Real Estate Development Fund, through its various programs to support citizens' ownership of housing units, has succeeded in reducing the waiting lists of citizens applying to the fund to less than 475,000 citizens. The Director General of the Real Estate Development Fund, Engineer Yousef bin Abdullah Al-Zughaibi, said: There is no doubt that the joint financing programs with banks and real estate finance companies, and the implementation of the new regulations for housing support ... Read more

«Aramco takes over the site for the sports stadium project in Madinah

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Reading time: < 1 MinuteThe Medina Municipality handed over to Saudi Aramco the site allocated for the construction of the sports stadium, in implementation of the directives of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud to establish eleven sports stadiums in a number of regions of the Kingdom, including the Medina region on the highest international specifications and standards, similar to what has been achieved in King Abdullah Sports City ... Read more

«Housing» receives 55 million m2 in Makkah

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Reading time: 2 MinutesThe Ministry of Housing has started to surround the lands it received from the secretariats in a number of regions of the Kingdom with cement blocks with the ministry's logo, to protect these lands from encroachment, until the ministry finishes building the approved housing units on them. On the other hand, the Municipality of the Holy Capital handed over the last site to the Ministry of Housing, with an area of about 6 million m2, located in the area of ... Read more

GCC investments in Morocco expected to grow to $120 billion over the coming period

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Reading time: < 1 MinuteThe Middle East News Agency reported that the Federation of GCC Chambers expected Gulf investments in Morocco to grow from the current $5 billion to $120 billion over the next ten years. The Federation of Gulf Chambers based its projections on the fact that Morocco has become an attractive investment destination for Arab and Gulf investors, especially in the real estate, tourism and industry sectors. Read more

5800 deeds audited and studied in Riyadh, Mecca, Sharqiya and Tabuk

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Reading time: < 1 MinuteA large number of citizens and jurists praised the Ministry of Justice's implementation of the directives of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz - may God protect him - to “apply the law to everyone, whoever he may be.” The echoes of canceling large, forged and illegally extracted deeds became the talk of the Saudi street, whether in councils or through social networking sites during the past period ... Read more

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