Month: April 2016

Authorize the issuance of commercial registries for online commerce

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Reading time: < 1 MinuteThe Ministry of Commerce and Industry announced that it has made it possible to register “online commerce” as an option on the list of activities available when applying for a commercial registration. This move aims to encourage the practice of e-commerce in the Kingdom, recognizing the global growth of this sector and the need to keep pace with developments and changes. This step underscores the Ministry’s commitment to entrepreneurs and those interested in e-commerce activities through … Read more

Dar Al Tawhid InterContinental Hotel in Makkah wins Global Tithe Club Award

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Reading time: < 1 MinuteThe Dar Al-Tawhid InterContinental Hotel in Makkah was honored with the company’s “The Ten Club” award for its excellence in implementing security and safety standards, conducting guest surveys regarding the hotel and their satisfaction with the services provided, as well as employee satisfaction surveys. The award was received by Mohammed bin Abdulrahman Abu Harba, Regional General Manager of InterContinental Hotels in Makkah, during the ceremony … Read more

King Fahd International Airport puts two million and two hundred thousand square meters on the table for investment

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Reading time: < 1 Minute The Director General of King Fahd International Airport, Turki bin Abdullah Al-Jawini, invited businesspeople and companies in the Eastern Province to invest in the logistics support zone, which covers a total area of 1.2 million square meters, highlighting its advantages and its central location between the air cargo village and the region’s main roads, making it the main artery for freight transport between the port and the city of Jubail. During his meeting with …, Al-Jawini also reviewed … Read more

Praised and Honored… Editor-in-Chief of “Amlak” Visits the Architectural and Interior Design Exhibition and Presents Modern Decor Trends

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Reading time: < 1 Minute  “First Exhibition Organization Company Limited,” the organizer of the “Architectural and Interior Design Exhibition,” honored the real estate newspaper Amlak, represented by its editor-in-chief, Mr. Abdulaziz Al-Issa, in its capacity as the exhibition’s specialized sponsor. This took place during the exhibition’s opening ceremony, which concluded on April 10 at the Four Seasons Hotel in Kingdom Tower, Riyadh. The newspaper’s participation in this important event stems from … Read more

WOW, Aseel Loyalty Programs Award 2016 to The Saudi Investment Bank

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Reading time: < 1 MinuteBanker Middle East, a magazine specializing in the financial and banking sector, awarded the Saudi Investment Bank the prize for Best Loyalty Program in the Kingdom for 2016 for its “WaaW, Asil” loyalty programs,  which are designed to offer customers multiple options for earning rewards and are distinguished by their creativity and innovation across the region. Each program is unique in terms of rewards and how they can be redeemed. The “Asil” loyalty program offers … Read more

“Media Air Conditioning” Launches a New Campaign for Its Customers in the Kingdom and Announces Its After-Sales Services

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Reading time: < 1 MinuteAs part of the many campaigns and outstanding services launched by Al-Hassan & Hussein Ghazi Shaker Trading Co., Ltd., the exclusive distributor in the Kingdom for Midea air conditioners — a global giant in the air conditioning and refrigeration systems industry — the company announced the launch of its “Summer is Back… and Installation is Free” campaign, aimed at fostering continuous communication and engagement with its customers in the Kingdom on various occasions. The company offers… Read more

The real estate index for the month of Jumada II: The value of transactions is 21 billion riyals and Makkah and Riyadh in the lead

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Reading time: 2 Minutes The results of the real estate index released by the Ministry of Justice showed a decline in the value of real estate transactions for the month of Jumada al-Akhira compared to the same month last year, as well as compared to the month of Jumada al-Awwal 1437 AH. The residential sector has consistently led the way, with the total value of transactions reaching 21 billion riyals, a decrease of 12.51% compared to the same month last year. The residential sector’s share was … Read more

Real Estate Index Rises on the Back of Real Estate Transactions in Makkah and Asir

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Reading time: < 1 MinuteThe real estate index broke through the barrier of uncertainty that had prevailed for some time, as real estate transactions in the second quarter of this year saw an increase in total transaction volume, with increases recorded in both the Makkah and Asir regions, where real estate transactions in Makkah exceeded 33.2 billion riyals, compared to 26.2 billion riyals for the same period. In Asir, transactions exceeded … Read more

“The Ministry of Commerce emphasizes that shareholders must deposit their capital for new companies within one month of the issuance of the registration certificate

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Reading time: < 1 MinuteThe Ministry of Commerce and Industry announced that companies are now permitted to complete incorporation procedures and obtain a commercial registration after the partners submit a commitment to deposit the cash capital in a bank within one month of the commercial registration being issued, It should be noted that failure by the partners to deposit the capital exposes them to the penalties prescribed in the Companies Law. This new measure is intended to facilitate the completion of company incorporation procedures … Read more

All the beauty under one roof... ”The Four Seasons” showcases an exhibition of architectural design and interior decoration

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Reading time: 2 Minutes  The “Architectural and Interior Design Exhibition” concluded last Sunday evening, April 10, having kicked off on the evening of Thursday, April 7, 2016, at the Four Seasons Hotel in Kingdom Tower, Riyadh, which was decked out in its finest to host this important event, which served as a key gathering for professionals to learn about the latest trends in design, decoration, and construction. … Read more

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