Month: February 2016

Rising Housing Prices in the United States 5 %

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Reading time: < 1 MinuteHousing prices in the United States rose by 0.5% in the previous month, according to data released Tuesday by the U.S. Federal Housing Finance Agency. U.S. home prices rose 5.9% over the 12 months through the end of last month, the data indicated. A closely watched survey showed that prices for single-family homes in major U.S. cities … Read more

Al Khobar to host the seventh Business and Management Forum in March

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Reading time: < 1 MinuteThe 7th Management and Business Forum will kick off under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, from 21–23 Jumada al-Awwal 1437 AH, corresponding to March 1–3, 2016, at the Sofitel Al-Khobar Hotel. The forum is organized by Nama Knowledge and the Management and Business Magazine, in strategic partnership with the Arab Organization… Read more

In the Shadow of My Father... Salih bin Farhan al-Hariri

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Reading time: 2 MinutesI reflected on myself and said: When I was a child, my father was wealthy, and I would only be satisfied with the most expensive and rare toys. I learned that if I asked for something, I would inevitably get it, but before long I would grow bored of it, and it would end up in the trash, taking with it the most beautifulmemories and the most enjoyable moments. I was a child with many demands, showered with my mother’s affection and protection… Read more

International Real Estate Expo kicks off in Dubai in mid-April

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Reading time: < 1 MinuteThe 2016 International Real Estate Exhibition will take place in Dubai from April 11 to 13. The exhibition’s organizers expect a significant number of new residential units to enter the market, accompanied by acceptable levels of demand, particularly from first-time buyers between the ages of 26 and 40 who prefer to buy homes rather than rent them.

Deputy Governor of “SAMA”: Banks’ Liquidity Position Is Strong Following the Decision to Raise the Loan Ceiling

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Reading time: < 1 MinuteThe Saudi Arabian Monetary Authority (SAMA) revealed that aggregate bank loans in Saudi Arabia accounted for 85.5% of deposits, According to its latest report for December 2015, the volume of bank deposits stood at 1,605 billion riyals, while the value of aggregate loans reached 1,372 billion riyals. In addition, the Deputy Governor of SAMA, Abdulaziz bin Saleh Al-Fareeh, confirmed that instructions had been issued by … Read more

Al-Zamil Calls on the Leadership to Form a High-Level Committee to Lift the Freeze on Billions of Riyals in Endowments in Mecca and Medina

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Reading time: < 1 MinuteThe Third Endowments Forum, which concluded its proceedings yesterday evening, addressed the issue of the freezing of billions of riyals—representing the value of endowments in Mecca, Medina, and other cities—due to expropriation or the substitution of endowment assets, Dr. Abdulrahman bin Abdullah Al-Zamil, Chairman of the Board of Directors of the Riyadh Chamber of Commerce and Industry, noted the need to form a high-level committee to address the issue, particularly … Read more

Saudi-U.S. exports exceed $57 billion, partnerships to support small businesses

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Reading time: 2 MinutesEconomic and investment relations between the Kingdom and the United States have seen significant development over the past ten years, with Mr. David Callahan, Vice Chairman of the Saudi-American Business Council for Business Development, affirming that there are good opportunities for small and medium-sized enterprises run by Saudi investors to form partnerships with companies in the U.S. market, noting that in the United States there are opportunities and advantages for … Read more

Numbering of removed properties for Makkah's 62 billion riyals public transportation project begins

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Reading time: 2 MinutesPrince Khalid Al-Faisal, Advisor to the Custodian of the Two Holy Mosques, Governor of the Makkah Region, and Chairman of the Ministerial Committee Overseeing Public Transportation by Train and Bus in the region, was recently briefed   on the progress made in the public transportation project in the Holy City. The project provides nearly 40,000 job opportunities for citizens, and its cost in the first phase is estimated at more than 62 billion … Read more

Exports to Gulf Countries Lead the Way... Saudi Arabia's Exports and Imports Show a Significant Decline

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Reading time: 3 MinutesThe Kingdom’s imports in November declined by (14.36%) to (47,210) million riyals, a decrease of (7,916) million riyals compared to the same period last year, when they totaled (55,126) million riyals. The General Authority for Statistics and Information indicated in its latest data, recently received by the Saudi Press Agency (SPA), that the value of the Kingdom’s non-oil commodity exports declined last November to reach (15,032) … Read more

Third Awqaf Forum calls for restoring and documenting the “Endowments of the Two Holy Mosques” abroad

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Reading time: < 1 MinuteDr. Abdullah bin Nasser Al-Sadhan, Deputy Minister of Social Affairs for Social Development, called on the relevant authorities to work toward recovering the endowments of the Two Holy Mosques located abroad, In a paper he presented during the first session of the Third Endowments Forum, currently being held in the capital Riyadh, Al-Sadhan called for generous funding, the expansion of cash prize announcements, and the allocation of a percentage of the endowment to anyone who identifies an endowment specific to the Two Holy Mosques or reveals … Read more

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