Month: March 2015

Saudis invest AED 22 billion in Dubai real estate, and the International Property Show kicks off on March 30

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Reading time: < 1 MinuteThe International Real Estate Exhibition kicks off on March 30 and runs through April 1 at the Dubai International Convention and Exhibition Center, coinciding with the leading global investment event, the “Annual Investment Forum 2015.” The exhibition is expected to attract more than 15,000 trade visitors, and this year’s edition will feature more than 130 exhibitors from over 25 … Read more

“Al Rajhi is the first bank to upgrade its systems to read national ID card data

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Al Rajhi Bank

Reading time: < 1 MinuteAl-Rajhi Bank has completed the upgrade of its branch systems to enable them to read individuals“ basic information from the national ID card as officially registered with the government. This is achieved by reading the data from the card’s smart chip and linking to the ”Yaqeen” system operated by the Ministry of Interior. It is thus the first Saudi bank to take this technical step and benefit from a fast, accurate, and high-quality electronic service … Read more

“Saudi Holland organizes management trainee program to equip youth with banking skills

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Reading time: < 1 MinuteThe Saudi Dutch Bank is organizing its 2015 Management Trainee Program, which aims to equip recent Saudi graduates with professional banking skills and practical experience that complement their academic knowledge, and to provide them with the high level of competence needed to perform various practical tasks, thereby preparing them for the job market. A total of 22 young people from … have enrolled in the program, which is being held at the Saudi-Dutch Banking Academy in Riyadh. Read more

Bank Al Jazira launches Mastercard Titanium Credit Card

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Reading time: < 1 MinuteAl-Jazira Bank announced the launch of its new “Mastercard Titanium” credit card, the bank’s first card designed to offer customers tremendous opportunities and a wide range of options for a world of unlimited rewards through the “My Rewards,” which rewards cardholders with gift cards from participating merchants in exchange for points accumulated when using the card for purchases. Khalid confirmed … Read more

“Housing“ selects five companies for the North Riyadh project and amends the terms of partnership with real estate developers

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Reading time: < 1 MinuteThe Ministry of Housing has finalized the partnership agreement between the Ministry of Housing and the real estate sector—represented by real estate development companies specializing in the housing sector—for the North Riyadh Project, which comprises 830 residential apartments. It has selected five real estate development companies to carry out the project; the five companies, which possess distinguished expertise in the housing development market, have committed to completing the entire project after … Read more

Completion of “expansion” and new infrastructures herald an unprecedented real estate future in the Holy Capital

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Reading time: 3 MinutesSteady Growth in Mecca’s Accommodation Sector: The real estate market in Mecca is entering a new and exceptional phase, achieving significant growth that could reach 500 billion riyals this year (2015), driven by the hotel accommodation sector in the central region and its surroundings. This boom coincides with the expected increase in the number of Hajj and Umrah pilgrims to Makkah in the coming years, … Read more

“Saudi Airlines increases Bahrain flights to 19 per week

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Reading time: < 1 MinuteSaudi Airlines has added more than 29,000 seats to its scheduled flights between Riyadh and Jeddah on the one hand, and Bahrain on the other; bringing the total seating capacity between the Kingdom and Bahrain in the current year, 2015, to 142,956 seats, compared to 113,934 seats in 2014, representing a growth rate of 25%. This was achieved by increasing the number of weekly flights by 5, bringing the total to 19 … Read more

With more than 80 companies participating. The International Exhibition for Water, Electricity and Power Generation kicks off in mid-April

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Reading time: < 1 MinuteDhahran Expo has set the dates for the 11th edition of the Saudi International Water, Electricity, and Power Generation Exhibition and Forum, which will take place from April 14 to 16 at its center located on Dammam Road -Al-Khobar Coastal Road. Mohammed bin Hamad Al-Husseini, CEO of Dhahran Expo, said that more than 80 companies will participate in the exhibition… Read more

“Housing” works on 184 projects to complete more than 232.4 thousand housing units

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Reading time: < 1 MinuteThe Ministry of Housing is working on 184 projects currently in the design, implementation, and tender phases across various regions of the Kingdom, comprising more than 232,400 housing units.  The Ministry noted that there are currently 94 projects in the design phase, accommodating 136,600 housing units, while the number of projects put out to bid in preparation for awarding contracts to contractors stands at 25, accommodating 21,400 units … Read more

including 106 Kuwaitis. 132 GCC nationals own real estate in Saudi Arabia in 3 months

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Ministry of Justice

Reading time: < 1 MinuteA report issued by the Ministry of Justice stated that the number of GCC nationals owning real estate in the Kingdom reached 132 during the period from 1/1/1436 AH to 30/4/1436 AH. Kuwaitis accounted for the highest percentage of real estate ownership in the Kingdom, with 106 Kuwaiti citizens representing 80.3% of the total. They were followed by Qatari citizens, with 13 Qatari citizens registered as property owners, followed by Bahraini citizens, with 12 Bahraini citizens owning property… Read more

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