Month: October 2015

Reading time: < 1 MinuteDr. Tawfiq bin Fawzan Al-Rabiah, Minister of Commerce and Industry, recently held an extensive meeting with Dr. Jamil Al-Baqawi, Chairman of the Board of Directors of the Saudi Council of Engineers, in the presence of board members. During the meeting, they discussed a number of issues of concern to the engineering sector and engineers in the Kingdom.The most prominent of these were the engineering workforce, the classification of engineering firms, the percentage of Saudization in engineering firms, as well as permanent solutions for temporary engineering licenses. … Read more

Reading time: < 1 MinuteA number of relevant authorities are preparing to launch an integrated system that prohibits any individual from engaging in real estate brokerage and marketing activities on their own; such individuals must be affiliated with a real estate company, institution, or office that holds a commercial registration, are members of the Chamber of Commerce and Industry, and hold a license to practice the profession. The system applies to those working in … Read more

Reading time: < 1 MinuteThe Minister of Commerce and Industry, Dr. Tawfiq bin Fawzan Al-Rabiah, emphasized that there would be no leniency in imposing statutory penalties on officials of companies and institutions that fail to submit their financial statements to the «Qawaem» by January 19, 1437 AH, corresponding to November 1, 2015 AD, noting that the records of non-compliant companies will be suspended without exception in the event of failure to … Read more

Reading time: < 1 Minute  The Saudi Authority for Accredited Valuers (TAQEEM) recently concluded a specialized training course on the expropriation of real estate for public benefit and the temporary seizure of property, which was attended by approximately 30 trainees, The course was organized in collaboration with the Royal Institution of Chartered Surveyors (RICS). This is the first course on this topic offered by the “TAQEEM Academy,” the Authority’s educational arm, and it is scheduled to be held … Read more

Reading time: < 1 MinuteDar Al-Tamleek, a company specializing in housing finance solutions, is participating in the Eastern Province Housing and Urban Development Exhibition 2015 «Restatex,» which is being held at the Dhahran International Exhibition Center from 13–16 Muharram 1437 AH. Dar Al-Tamleek’s participation is part of its ongoing commitment to maintaining constant communication with its customers across all regions of the Kingdom and to introducing a wider segment of the public to the company’s financing programs designed … Read more