Month: December 2015

The most luxurious hotels in the world. Aswar United finalizes preparations for the opening of its most luxurious hotel product in Riyadh

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Reading time: 2 MinutesAswar United has completed all preparations for the opening of its latest luxury hotel property on the Northern Ring Road near SABIC in Riyadh, known as “Aswar Hotel Apartments,” which is a significant addition to the accommodation and lodging options that provide complete comfort to its guests. The hotel apartments feature 36 luxurious suites, as well as special suites for newlyweds, in addition to playgrounds and a specially designed, fully integrated children’s entertainment center… Read more

Population of 57 million. Gulf's population explosion heralds $20 billion worth of real estate projects

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Reading time: 2 Minutes  No matter how severe the downturn in the real estate market may be, there is another factor that helps maintain its balance: population growth. This translates into increased demand for residential and commercial properties, particularly in the retail sector. Recent studies indicate that real estate expansion is continuing to accommodate population growth in the Gulf states, as the latest statistics show … Read more

Keeping pace with the latest banking technologies. Al Ahli Bank launches its first new generation branches

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Reading time: < 1 Minute  Al-Ahli Commercial Bank has opened its first next-generation branch in the Al-Takhasusi district of Riyadh, in order to keep pace with the latest global technological developments and enhance the banking experience for its customers. The branch is considered a precursor to a new series of next-generation branches that will expand to all regions of the Kingdom over the coming year. On this occasion, the Chairman of the Board of Directors of Al-Ahli Bank, Mr. Mansour Al-Mayman, emphasized that this … Read more

Readings in the real estate book. 2015 stole the real estate market's thunder, 2016 holds new hopes  

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Reading time: < 1 MinuteBy: Mohamed Al-Amin Jamous As 2015 draws to a close, real estate professionals are recalculating their strategies to prepare for a new real estate and economic landscape by the start of 2016, just a few days away... ×××××××× Various and complex policies have led to a decline in real estate transactions and sluggish sales in the second half of the year that is about to end, particularly regarding the down payment for real estate financing, which is 30% of the total asset value… Read more

The Saudi Chambers Steel Committee warns against importing inferior steel

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Reading time: 2 Minutes  Shuail Al-Aridh, Chairman of the National Sub-Committee for Iron and Steel at the Council of Saudi Chambers, warned against iron products entering the Saudi market that do not meet specifications, He said that products containing toxic lead are entering the market, particularly in paints for colored sheet metal and in the zinc coating on galvanized steel, where lead levels are 50 times the limit … Read more

Arab League honors Al Hokair Institute with Training Institute Quality Award

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Reading time: < 1 Minute The Abdulmohsen Al-Hokair Institute for Hotel Training was awarded the Training Institute Quality Award by the Executive Office of the Arab Ministerial Council for Tourism, The institute was honored at the conclusion of the 18th session of the Executive Office, which was held recently in Sharjah. It is worth noting that the General Secretariat of the League of Arab States formed a committee of experts from four Arab countries, in addition to a representative from the Arab Tourism Organization … Read more

Riyadh Chamber honors the winners of the first three places in the “Mubadir” competition ... . Tomorrow, Monday

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Reading time: < 1 MinuteThe Riyadh Chamber of Commerce, represented by its Young Businessmen Committee, announced the winners of the second edition of the Mubadir Startup Competition during a ceremony to be held tomorrow evening, at which the top three winners will be honored, in the presence of representatives from financial institutions and investors interested in funding the winning projects, during which incentive cash prizes will be distributed to the winners. The competition achieved great success in terms of participants … Read more

620 businesswomen showcase their products at the Home-Based Investors Exhibition (Montajoun)

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Reading time: < 1 MinuteMore than 620 businesswomen who manage their investments from home showcased their businesses at the 2015 Home-Based Investors (Producers) in its third edition for 2015, which opened last Thursday under the patronage of His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh Region, The event was organized by the Riyadh Chamber of Commerce and Industry, represented by the Riyadh International Convention and Exhibition Center and the company … Read more

“Abha Investment Forum” concludes its work and sets a roadmap for Asir's economic future

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Reading time: 2 MinutesThe “Abha Investment Forum” concluded its proceedings last Thursday following extensive discussions held during its sessions on Rabi’ al-Awwal 12–13. Participants recommended that the Ministry of Municipal and Rural Affairs —represented by the Asir Region Secretariat—to enhance the facilities provided by the state in granting leased land to strategic investment projects included in the investment map presented… Read more

“Amlak provides the text of the Custodian of the Two Holy Mosques” speech during the opening of the sixth session of the Shura Council.

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Reading time: 7 MinutesThe Amlak Real Estate newspaper publishes the text of the speech delivered yesterday, Wednesday, by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, may God protect him, during the opening of the fourth year of the sixth session of the Shura Council. In the name of Allah, the Most Gracious, the Most Merciful. Praise be to Allah, Lord of the Worlds, and peace and blessings be upon the Messenger of Allah and upon his family and companions. It is my pleasure to open the proceedings of the fourth year of … Read more

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