Month: March 2016

Demand for Singapore real estate continues to decline

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Reading time: < 1 Minute  Demand in Singapore’s real estate market declined significantly at the start of the first quarter of this year, with the Housing and Development Board announcing that developers sold 301 units last February, a 71% decline compared to units sold in the previous month of January. New home sales in Singapore had previously recorded a 21% increase … Read more

Rafal Tower participates in Earth Hour as part of its social and environmental responsibility

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Reading time: < 1 MinuteIn support of this global environmental volunteer initiative, Rafal Real Estate Development participated in the “Earth Hour,” during which all non-essential lights and electrical equipment in the public facilities of the Rafal Tower were turned off from 8:30 to 9:30 p.m. Rafal’s participation in the “Earth Hour” campaign is part of its firm commitment to social responsibility and environmental conservation … Read more

Minister of Labor honors Banque Saudi Fransi for sponsoring the Job Fair

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Reading time: < 1 MinuteIn line with Banque Saudi Fransi’s strategy and to achieve its goals of qualifying and training Saudi professionals and preparing them to fill specialized and professional positions in the banking sector, the bank sponsored the First Saudi Job Creation Forum and the Wazfni Job Fair, organized under the supervision of the Saudi Management Association and King Saud University. In addition, Minister of Labor Dr. Mufarrij bin Saad Al-Haqbani honored the bank for its sponsorship and participation … Read more

Alinma Bank launches protection and savings programs with flexible and innovative benefits

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Reading time: < 1 MinuteAl-Inmaa Bank, through Al-Inmaa Cooperative Insurance Agency, has launched insurance products that comply with Sharia principles and regulations and meet the highest professional standards in the Saudi market, in collaboration with Al-Inmaa Tokyo Marine, one of the leading companies in the field of cooperative insurance in theKingdom. Abdulmohsen bin Abdulaziz Al-Faris, CEO of Al-Inmaa Bank, emphasized the presence of a professional team of employees at Al-Inmaa Cooperative Insurance Agency … Read more

Bank Al Jazira incentivizes productive family investments with the launch of the “Mahara” exhibition”

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Reading time: < 1 MinuteDr. Fahad bin Ali Al-Olayan, Head of the Community Service Group at Al-Jazira Bank, and Abdulrahman bin Saleh Al-Ateishan, Chairman of the Board of Directors of the Eastern Province Chamber of Commerce, inaugurated the exhibition of female graduates of the “Mahara for the Development and Advancement of Productive Family Projects” program, which was recently held at the Al-Rashid Commercial Complex in Al-Khobar. The exhibition aims to showcase the products of productive families and demonstrate the skills acquired through the “Mahara” training program, as well as to … Read more

White land owners invited to invest in urban planning forum

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Reading time: < 1 MinuteAbdulrahman Al Sheikh, Undersecretary for Urban Planning at the Ministry of Municipal and Rural Affairs, revealed the ministry’s efforts to encourage owners of vacant land within urban areas to utilize and invest in it, noting that the Ministry of Housing is a key partner of the ministry in municipal work. Al-Sheikh explained during a press conference held yesterday by the Ministry of Municipal and Rural Affairs to discuss the Planning Forum … Read more

“Falakam sponsors a forum on the transformation of family businesses into shareholdings

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Reading time: < 1 Minute  Falcom Financial Services is sponsoring the “2016 Forum on the Transformation of Family Businesses into Joint-Stock Companies,” hosted by the Eastern Province Chamber of Commerce on Wednesday, March 30, 2016, in collaboration with the Saudi Stock Exchange (Tadawul). This marks Falcom’s second participation in the forum, which is being held under the patronage of Mohammed bin Abdullah Al-Jadaan, Chairman of the Capital Market Authority. The company is keen to be present… Read more

Cabinet approves the merger of “Railways” and ”Public Transport” under the name of "Public Transport Authority

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Reading time: < 1 MinuteThe Council of Ministers approved the merger of the Railway Authority and the Public Transport Authority into a single entity called the Public Transport Authority, During its meeting this afternoon at Al-Yamamah Palace in Riyadh, chaired by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, the Council approved a number of amendments to the regulations of the Public Transport Authority. The decision stated: After reviewing the report submitted by His Excellency … Read more

Salman bin Saeedan will present his experience in safe real estate investment tomorrow at the Riyadh Chamber

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Reading time: < 1 MinuteThe Riyadh Chamber of Commerce, represented by its Real Estate Committee, will host real estate expert Salman bin Abdullah bin Saidan, Chairman of the Salman bin Abdullah bin Saidan Real Estate Group, for a lecture titled “Safe Real Estate Investment” tomorrow, Tuesday, March 22, at the Chamber’s premises. On this occasion, Hamad bin Ali Al-Shuwaier, Board Member and Chairman of the Real Estate Committee at the Riyadh Chamber, extended an invitation to those interested to attend the lecture… Read more

“Dar Al Arkan wins Best Corporate Governance System in Saudi Arabia this year

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Reading time: < 1 Minute  In recognition of its ongoing efforts to implement best governance practices and its commitment to the principles of transparency and disclosure, Dar Al Arkan Real Estate Development Company was awarded “Best Corporate Governance System in the Kingdom” for 2016 from the prestigious international magazine “World Finance,” which specializes in the finance and business sector. On this occasion, the company’s Chairman of the Board of Directors, Youssef bin Abdullah Al-Shallash, affirmed that receiving … Read more

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