Month: February 2016

Minister of Social Affairs honors SABB for supporting Ikhaa's activities“

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Reading time: < 1 MinuteIn the presence of a group of officials and stakeholders interested in corporate social responsibility in the public and private sectors, the Minister of Social Affairs, Dr. Majid Al-Qasabi, honored the Saudi British Bank (SABB) in recognition of the bank’s support for the activities and work of the Ikha’a Charitable Foundation for Orphan Care, during a ceremony recently held by the foundation to mark Arab Orphans“ Day. The award was accepted by Khalid Al-Aqeel, General Manager of Islamic Banking Services at … Read more

Complementing the Ministry of Commerce's initiative. Specialists call for a guiding regulation for the governance of endowment organizations

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Reading time: < 1 MinuteExperts on endowments have called for supporting the initiative launched by the Ministry of Commerce and Industry to study the regulations governing endowment and nonprofit organizations through a complementary initiative that would establish guidelines for the governance of endowment organizations, ensuring their adoption and implementation of thethe necessary minimum of governance principles and mechanisms that fulfill the endower’s conditions, safeguard the rights of beneficiaries, and ensure a higher degree of transparency … Read more

“Housing” informs the opinions of specialists in the regulation of white land fees

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Reading time: < 1 MinuteSeeking to gather insights and suggestions, the Ministry of Housing recently organized a workshop titled «Consultation with Stakeholders and Experts on the Executive Regulations for the Vacant Land Tax System»   at the Meridien Al-Khobar Hotel to gather the views and suggestions of officials from relevant government agencies, members of the Chamber of Commerce’s Real Estate Committee, landowners, real estate developers, financial institutions, and writers specializing in housing and real estate issues, as well as writers … Read more

Ministry of Housing sets Ramadan date for land fees to take effect

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Reading time: < 1 MinuteThe Ministry of Housing announced that the effective date of the vacant land fee system will be the 3rd of Ramadan according to the Umm al-Qura calendar, provided that the proceeds from these fees—after granting a grace period to the designated sites in the event they are not developed—will be allocated to Ministry of Housing projects, the extension of public utilities to those sites, and the provision of public services therein. The regulatory bylaws for the system, for which a number of … Read more

with the recession. Real estate is still holding its own. Abdulaziz al-Issa

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Reading time: 2 MinutesDespite the stagnation and slowdown in sales surrounding the real estate market and the sale of undeveloped land within urban areas, the real estate market remains resilient... Yes, there is a lack of seriousness and hesitation that has caused this stagnation, but real estate is real estate—it has not been shaken, nor has it lost its luster, despite speculation about falling prices. And despite the start of the countdown to the implementation of … Read more

Bahrain: World's longest glass wind tunnel opens at 12 meters high and 290 km/h

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Reading time: < 1 Minute  With world-class tourist amenities, Samhan Holding Company in Bahrain launched the “Graffiti” project in the Kingdom of Bahrain, which is the world’s longest glass-enclosed aerial tunnel, measuring 12 meters in length, with speeds reaching 290 km per hour and a width of 4.3 meters. It is located in the Southern Governorate in the Al-Wasmiya area, near the Bahrain International Circuit and the University of Bahrain. Samhan Holding aims, through the opening of the “Gravity” project, to… Read more

Within the activities of the Third Forum of Endowments: Fair evaluation is an integral part of the success of the endowment process

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Reading time: 2 MinutesThe Saudi Authority for Accredited Appraisers (Taqeem) reaffirmed its commitment to contributing to the development of the real estate sector in particular and the public sector in general by advancing the appraisal profession, raising the professional standards of its practitioners, establishing general rules for acquiring and maintaining membership at the Authority’s various levels, and providing opportunities for continuous professional development to elevate its members to the highest standards of practice while adhering to international professional standards.“ This was stated … Read more

Nearly 70 scientific researches reviewed in “Smart Solutions for Future Cities” Gulf Engineering Forum concludes in Kuwait

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Reading time: 2 MinutesUnder the patronage of His Highness Sheikh Jaber Al-Mubarak, Prime Minister of Kuwait, the 19th Gulf Engineering Forum, “Smart Solutions for the Cities of the Future,” in Kuwait, in the presence of a representative of His Highness the Prime Minister, Minister of State for Housing Affairs Yasser Abul, and a number of ministers. The Secretary-General of the Gulf Engineering Federation, Engineer Kamal Abdullah Al-Hamad, said that the sustainable development of our societies, to which we aspire … Read more

Participated in the (evaluation) course ... Sheikh Al-Hogail: The new expropriation system covered all previous grievances

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Reading time: 2 Minutes  Following the success it achieved last year in both Riyadh and Jeddah, and in response to growing interest and demand from government and private entities, the Saudi Authority for Certified Appraisers “Taqeem,” in collaboration with the Royal Institution of Chartered Surveyors (RICS), has completed the third edition of a course on the expropriation of real estate for public benefit and the temporary seizure of property in the Kingdom, beginning on … Read more

Upcoming Hotel Equipment Show reveals more than 47,000 hotel rooms under development in Saudi Arabia

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Reading time: 2 Minutes  The Saudi Arabia Hotel Supplies Expo 2016, scheduled to take place from May 17 to 19, 2016, at the Jeddah Convention and Events Center, revealed that a large number of hotel projects are currently under construction,a total of 431.47 rooms and 124 hotel projects. Fifty-two projects, comprising approximately 20,000 rooms, are scheduled to open to the public across the Kingdom this year ahead of the exhibition’s opening. Hilton … Read more

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