Month: March 2015

“SAIF issues ”Travel Card“ for shopping and cash withdrawals

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Reading time: < 1 MinuteThe Saudi Investment Bank has issued the Kingdom’s first multi-currency “Travel Card” to provide payment solutions while traveling.  This is part of the bank’s plan to offer its customers the latest and most innovative products and services, and to meet their expectations for the best banking services and new financial products. The “Travel Card” recently launched by the bank is the first of its kind in the Kingdom, as it is the first multi-currency card … Read more

Start e-transactions at Al-Jouf Chamber

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Reading time: < 1 MinuteAbdulrahman Al-Ibrahim, the official spokesperson for the Al-Jawf Chamber of Commerce and Industry, said that the Chamber has phased out paper-based transactions among its employees following the establishment of an administrative communications portal through which all transactions are forwarded to employees, thereby contributing to faster processing and systematic archivingand the ability to retrieve transactions through the electronic system, to which several features have been added, including notifications alerting employees when a transaction is assigned to them … Read more

“The Eastern Chamber is interested in the construction sector. Prince of Sharqiya reveals the most important reasons for the failure of construction companies    

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Eastern Chamber

Reading time: 2 Minutes His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, affirmed that the Eastern Province Chamber of Commerce has been and remains one of the Kingdom’s most distinguished chambers of commerce, and that the men who founded it were able, through their determination, to build an institution of which we are proud today. His Royal Highness made these remarks during his reception at the weekly “Monday Gathering” at the Emirate’s headquarters in Dammam for Their Highnesses, distinguished guests, officials, and local residents … Read more

Welcomed its partnership with the private sector. Housing: 27 thousand housing units welcome waiting for real estate developers

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Reading time: < 1 MinuteThe Ministry of Housing announced its partnership with the private sector, represented by real estate development companies, which will result in the construction of approximately 27,000 residential apartments of various sizes throughout the Kingdom, with each apartment having a minimum area of 180 m² and providing all necessary services. Work on the Riyadh residential apartment project is expected to begin soon, immediately after the distribution of land is completed and beneficiaries begin moving in… Read more

There are vacant lands. Qassim Municipality clarifies the status of properties overlooking King Abdullah Street

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Reading time: < 1 MinuteThe Al-Qassim Region Municipality has clarified the status of the properties that now face King Abdullah Road, following the demolition of buildings that obstructed the road’s route, and confirmed that those buildings do not directly face King Abdullah Road. The Media Center at the Al-Qassim Municipality issued a statement clarifying the matter, confirming that there are vacant lots separating the road’s route from those properties; … Read more

Royal order relieves Minister of Housing and assigns Dr. Issam bin Saeed to his post

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Reading time: < 1 MinuteA royal decree was issued yesterday, the text of which is as follows: No.: A/135 Date: 20-5-1436 AH. With the help of Allah, the Almighty, we, Salman bin Abdulaziz Al Saud, King of the Kingdom of Saudi Arabia, having reviewed the Basic Law of Governance issued by Royal Decree No. (A/90) dated 27-8-1412 AH. Having reviewed the Regulations of the Council of Ministers issued by Royal Decree No. (A/13) dated 3-3-1414 AH. Having reviewed … Read more

Al Babtain Energy and Telecommunications wins 40,000 square meters in Industrial Gateway, valued at SAR 29 million“

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Reading time: < 1 MinuteAl-Babtain Energy and Telecommunications Company acquired 40,000 square meters in Al-Bawaba Industrial City for a total value of more than 29 million riyals following the signing of a sales contract with Mashid Al-Arabiya —the owner of the Al-Bawaba Industrial City project. The contract was signed by Engineer Sabah bin Mohammed Al-Mutlaq, Chairman of the Board of Directors of Mashid Al-Arabiya, and Mr. Ibrahim bin Hamad Al-Babtain, Chairman of … Read more

120 thousand beneficiaries have not reviewed it ... ” The Real Estate Fund ”provides 30 billion riyals to re-lend again

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Real Estate Development Fund

Reading time: < 1 MinuteEngineer Youssef Al-Zaghibi, Director General of the Real Estate Development Fund, said that the number of citizens who have been approved for loans but have not contacted the Fund to access their loans—despite a long period having passed since approval was granted—stands at approximately 120,000, He noted that the total amount of funds approved for citizens who have not utilized their loans is estimated at approximately 50 billion riyals, and he predicted … Read more

“Trade”: Calls on real estate offices and companies to adhere to the rules of offering contributions

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Reading time: < 1 Minute The Ministry of Commerce has called on real estate agencies, companies, and all those working in the field of real estate investment schemes to comply with the regulations governing the offering of real estate investment schemes issued by Cabinet Decision No. 220, dated August 22,-1426 AH, which stipulate that no real estate investment of any kind may be offered, funds collected for it, advertised, or approved, except after fulfilling the procedures and conditions set forth in … Read more

Honored by the Minister of Commerce. Al Ahli Bank sets plans to support the financing of industrial sector projects

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National Bank

Reading time: < 1 MinuteMansour bin Saleh Al-Mayman, Chairman of the Board of Directors of Al-Ahli Bank, explained that Al-Ahli Bank’s vision supports industrial sector projects that are strategically aligned with development plans in order to meet the demands of the economic growth the Kingdom is experiencing, The bank also has plans to continue contributing to the financing of mega, medium, and small-scale projects in order to encourage and support all sectors of productive industrial activity in the Kingdom. … Read more

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