Month: August 2015

Minister of Commerce Issues Decision to Amend Regulations of Saudi Foreign Business Councils to Encourage Increased Exports

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Reading time: 2 MinutesH.E. Dr. Tawfiq bin Fawzan Al-Rabeeah, Minister of Commerce and Industry, issued a decision amending the regulations of the Saudi Foreign Business Councils, with the aim of developing and consolidating relations between the business community in the Kingdom of Saudi Arabia and peer and friendly countries within a systematic framework that achieves the objective goals set for the relationship with those countries, provided that these regulations will come into effect from the date of their publication in the website ... Read more

“Stars of Peace Holding unveils 400 vital projects in Saudi Arabia and the Gulf

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Reading time: < 1 Minute  Stars of Peace Holding Company revealed that it owns, in partnership with its sister company, Muntadaq Real Estate Company, more than 400 vital projects in various regions of the Kingdom, the Arabian Gulf countries and some Arab countries. Dr. Jarallah Al-Oudaib, Chairman of the Board of Directors of the company, said that : ”Stars of Peace Holding has contributed with its distinguished projects to the real estate development that the Kingdom is currently witnessing through ... Read more

Report : Riyadh, Buraydah and Jazan are the highest cities in the Kingdom in terms of housing costs 

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Reading time: < 1 MinuteThe general indicator of population growth over the past years has witnessed a significant increase in the Kingdom's demographics, which affected the general inflation rate of the Kingdom, which reached 2.2% in July 2015. Rising housing costs and its consequences Reports and statistics indicate that there is a noticeable rise in the rise in housing costs in some cities of the Kingdom and a decrease in others, where the average ... Read more

Lebanon's shaky economy exacerbates stagnant real estate market despite stable prices

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Reading time: < 1 MinuteThe real estate sector in Lebanon has been affected by the significant deterioration of the Lebanese economy, as the public debt has risen to record levels, exceeding $70 billion and the high budget deficit, in addition to the growth rate did not exceed this year 1.5 % and was about to be negative if the Bank of Lebanon did not take the initiative to support it through the stimulus financial packages that continue to ... Read more

Egypt's Palm Hills to sell 5 million square meters of its land in Saudi Arabia

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Reading time: < 1 MinuteThe Egyptian Development Company “Palm Hills” announced that it intends to sell nearly five million square meters it owns in the Kingdom of Saudi Arabia in the coming period. Palm Hills is one of the leading Egyptian companies in the Egyptian real estate market since it was established in 1997 with a total of 18 projects distributed throughout the Arab Republic of Egypt, in addition to ... Read more

 More than 100 towers with a capacity of a quarter of a million inhabitants approved for the ”Zakher Makkah” project in the central area

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Reading time: 2 Minutes  The construction of the “Zakher Makkah” project, which is being built by Zakher Investment and Real Estate Development Company, is one of the most important and largest real estate projects that are being built in the central area, and the project is characterized by advantages that make it the focus of attention, not only because it is very close to the Holy Mosque, and its owners have been keen to put several ... Read more

Ministry of Justice launches e-archiving project to preserve real estate deeds

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Ministry of Justice

Reading time: < 1 MinuteThe Saudi Ministry of Justice has launched an electronic archiving project for real estate wealth with the aim of shortening administrative procedures in inquiring about real estate properties and preserving real estate instruments with the judicial authorities and protecting them from damage and loss. The Ministry of Justice issued an urgent circular to notaries and courts in all regions of the Kingdom to use registered payment methods when executing the sale and purchase of land and other real estate. ... Read more

Chinese business delegation spends 24,000 hotel nights in Dubai in just four days

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Reading time: < 1 Minute  From August 22 to 25, 2015, Dubai will host around 6,000 Chinese, representing the most prominent figures in the Chinese insurance and financial services industry worldwide, for the 2015 International Dragon Awards Annual Meeting and will spend 24,000 hotel nights, with an average of four hotel nights per member. According to the Dubai Corporation for Tourism and Commerce Marketing (DTCM), part of the Department of ... Read more

Riyadh's first Liwan Riyadh exhibition kicks off in October with the participation of more than 88 national companies

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Reading time: 2 Minutes  The first edition of the Riyadh Liwan Exhibition is expected to kick off with the participation of 88 national companies and institutions in the exhibition, which will be held from October 12-14 at the Kingdom Center (Four Seasons Hotel) in Riyadh, under the patronage of the wife of His Royal Highness Prince Faisal bin Bandar, Emir of Riyadh. The exhibition is considered a vital platform for institutions, companies and visitors to make deals and ... Read more

Ministry of Finance to auction 84 residential and commercial plots in North Riyadh

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Reading time: < 1 MinuteThe State Property Department at the Ministry of Finance has completed its preparations to offer (84) separate residential and commercial plots of land in a public auction, where the plots are located in the neighborhoods of Al-Raid, Rahmaniya and Mohammediya located within the scope of plans No. (205-209-208) within the state property not suitable for the use of government agencies or public utilities for sale to citizens directly through bidding in a transparent manner, where ... Read more

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