Month: October 2015

400 vital projects crown Peace Stars Holding with the 100 Most Popular Brands Award

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Reading time: < 1 MinuteNujoom Al-Salam Holding Company, a leading real estate investment and development firm in the Kingdom and the Arab Gulf states, has seen its efforts and the development of its 400 vital projects—both within the Kingdom and abroad—over 25 years of experience come to fruition; by being selected for the list of the 100 most popular Saudi brands for 2015, in recognition of the diversity and success of its real estate projects and its adoption of innovative approaches in implementing its ambitious plans. During the ceremony… Read more

Arab housing ministers' executive office meetings kick off tomorrow in Cairo under the chairmanship of the Kingdom of Saudi Arabia

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Reading time: < 1 Minute  Tomorrow, Wednesday, the Kingdom will chair the sessions of the 80th session of the Executive Bureau of the Council of Arab Ministers of Housing and Reconstruction. This comes after the 61st meeting of the Technical Advisory Committee of the Council of Arab Ministers of Housing concluded yesterday at the headquarters of the Arab League Secretariat, chaired by Engineer Hussein Al-Jabali, advisor to the Egyptian Minister of Housing, and attended by representatives of the ministers of housing, and reconstruction from Arab League member states. … Read more

Zamil Industrial plans to develop the largest logistics zone in Egypt, covering an area of 80 square kilometers

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Reading time: < 1 MinuteSaudi Zamil Industries plans to establish Egypt’s largest logistics zone in Qena Governorate, with the project covering an area of 80 square kilometers, while the logistics zone itself covers 50 acres and has a storage capacity of approximately 18,000 tons of vegetables and grains. Zamil Industrial Investment Company (Zamil Industries), founded in 1998, is ranked among the largest … Read more

It cost $303 million... Alwaleed bin Talal: The «George V» is the best and most valuable hotel in the world

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Reading time: < 1 MinuteThe Four Seasons Hotel George V in Paris, owned by His Royal Highness Prince Alwaleed bin Talal bin Abdulaziz, was named “Best Hotel in Europe” for 2014 from the American magazine Celebrated Living. Prince Alwaleed said, “Our George V Hotel is the first and most valuable in the world,” with its total cost after purchase and renovation reaching $303 million, reflecting the extent of the care that … Read more

The banking sector is satisfied with mada. Saudi banks aim to reach 900,000 electronic points of sale

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Reading time: < 1 MinuteThe Media and Awareness Committee of Saudi Banks has revealed the banking sector’s ambition to expand the number of electronic points of sale beyond the 900,000 mark, according to preliminary studies that confirmed the sector’s ability to achieve this goal. Statistics point to a significant increase in the number of electronic points of sale in the Kingdom, estimated at 40,000 new points of sale over a six-month period, bringing the overall rate … Read more

“Johnson Controls and Hitachi Finalize Global HVAC Joint Venture

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Reading time: 2 Minutes  Johnson Controls, Inc. (NYSE: JCI) and Hitachi, Ltd. (listed on the Tokyo Stock Exchange under the symbol: TSE: 6501) that the two companies have finalized an agreement to form a global joint venture and will immediately commence operations under the name “Johnson Controls- Hitachi Air Conditioning” to provide global customers with a full range of world-class air conditioning products and technologies. Under the agreement, … Read more

It contained 40 notifications. Al Rajhi Bank launches automated messaging service for international trade services

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Reading time: < 1 MinuteAl Rajhi Bank has launched an automated notification service for international trade services. This new service is delivered via SMS, fax, and email, free of charge and without any subscription, to automatically document all banking transactions for the bank’s customers related to international trade services immediately upon execution, as part of the bank’s commitment to ensuring that customers are always kept informed of all details of their transactions … Read more

He congratulated the leadership on National Day. Minister of Housing announces Cabinet approval to transform the Real Estate Fund into a financial institution

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Reading time: 2 MinutesMajid bin Abdullah Al-Hogail, Minister of Housing and Chairman of the Board of Directors of the Real Estate Development Fund, announced that the Council of Ministers has approved the transformation of the Real Estate Development Fund into a financing institution capable of providing financial instruments, effective solutions, and innovative programs in real estate financing and expansion in partnership with the private sector. Al-Hogail emphasized that this decision is an extension of the significant support … Read more

“The Ministry of Commerce Threatens Penalties… November 1 Is the Deadline for Submitting Financial Data to the ”Qawa’im“ Program”

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Reading time: 2 MinutesThe Ministry of Commerce and Industry has renewed its call to all companies and institutions required by law to promptly file their financial statements in the “Qawa’im” program by January 19, 1437 AH, corresponding to November 1, 2015, in order to avoid the suspension of their commercial registrations and the penalties stipulated in the Companies Law, which may include imprisonment for up to one year and a fine in the event of failure to submit their financial statements to the “Qawaem” program and their delay beyond the period … Read more

Dammam based ... SaudiGulf Airlines launches its first domestic flights in November 

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Reading time: < 1 MinuteSaudi Gulf Airlines is preparing to launch its first domestic flights this coming November from Dammam Airport, which will serve as its main hub, making it the third airline in the Kingdom after Saudi Airlines and NAS. The airline is expected to join other operators in alleviating the seasonal shortage of seats on certain domestic routes that are experiencing high demand and travel demand during … Read more

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