Month: May 2016

Riyadh Chamber elections Observers warn against using the media irregularly and passing false information

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Reading time: 2 MinutesAn unofficial statistic following the Riyadh Chamber elections revealed that the number of voters who were entitled to vote did not exceed 1000 voters in the branches of the Chamber outside Riyadh, while the number of those who were not entitled to vote reached the same number, and in the same context, the head of the committee supervising the elections for the seventeenth session of the Council, Yahya Azzan, explained that the elections in ... Read more

Ministry of Housing begins handing over 111 housing units to beneficiaries in Hail

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Reading time: < 1 Minute  The Ministry of Housing announced on its official Twitter account on Monday that it started delivering 111 housing units to beneficiaries in Al-Shanan housing in Hail, as part of the 100,000 housing products series. The ministry added that Al-Shanan housing includes 950 plots of land to implement a wide network of infrastructure, and 32 plots of land prepared for services and facilities ... Read more

59 candidates in the lists. Riyadh Chamber's elections will run until Thursday evening

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Reading time: < 1 MinuteThe Riyadh Chamber of Commerce and Industry (RCCI) began this morning to compete in the board of directors elections in its 17th session, at the Exhibition and Convention Center in Riyadh, where the number of candidates in the final lists reached 59 candidates, after the withdrawal of six candidates for special reasons related to the candidates themselves. The voting for the selection of the Board of Directors began on Tuesday morning, and will continue until the evening of ... Read more

Real Estate Fund pays 292 million riyals for 1162 deceased citizens

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Reading time: < 1 MinuteThe Real Estate Development Fund announced the full repayment of the loans of 1162 deceased citizens in the cities and governorates of the Kingdom with a total value of more than (292) million riyals, representing the names of the twenty-seventh and twenty-eighth batches of deceased borrowers whose applications were submitted through the electronic program and whose relatives completed their required data. A statement issued by the Fund explained that this measure came in implementation of the order of ... Read more

Includes Ministry of Commerce approval for real estate ownership “The Ministry of Justice issues 10 requirements to clear deeds within 24 hours

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Reading time: < 1 Minute  The Ministry of Justice circulated a circular on the requirements for finalizing the procedures for emptying deeds within 24 hours to courts and notaries in all regions. The circular clarified 10 conditions that must be met to empty the deeds, foremost of which is a written approval from the Ministry of Commerce to own the property, and companies must bring a copy of the memorandum of association and commercial register, and the circular indicated the need to have a legal representative ... Read more

Islamic Trade Fair sets record as largest of its kind in 30 years

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Reading time: 2 MinutesThe Islamic Trade Fair set a record as the largest Islamic exhibition organized over the past 30 years and is located on an area of 8,000 square meters. The exhibition, which concluded recently, also witnessed excellence in some of the pavilions in which 39 Islamic countries participated, led by the Saudi pavilion, which won the first place as the best pavilion in the exhibition and is located on an area of 1,200, which is ... Read more

The Saudi Investment Bank wins Best Social Media Service Award in Saudi Arabia for 2016

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Reading time: < 1 MinuteBanker Middle East awarded The Saudi Investment Bank (SAIB) with the Best Social Media Service Award for 2016, awarded by Banker Middle East, the region's most prestigious financial and banking magazine. The award comes as a continuation of the awards it has won, especially in the social media sector, both locally and internationally, which qualified it to be ... Read more

Dubai allocates Dh703 million for the fourth and fifth phases of its canal

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Reading time: 2 MinutesIn implementation of the directives of the UAE Vice President, Prime Minister and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, to implement the Dubai Water Canal, develop infrastructure and complete the project according to the approved timetable, the Dubai Roads and Transport Authority awarded the contract for the fourth and fifth phases of the project at a cost of 703 million dirhams, and the two phases will be completed by the end of September. ... Read more

Abu Dhabi's Al Reem Island set to add 7,000 new residential units by the end of 2017

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Reading time: < 1 MinuteAl Reem Island in Abu Dhabi has made great strides in completing more than seven thousand housing units to be ready within the next year, as the companies (Aldar, Tomouh, Reem Investment), the developer of the project, are intensifying their activities to complete the project on time, bringing the total number of residential units to more than 22 thousand units by the end of 2017. Al Reem Island is the latest ... Read more

Establishing a real estate development company to implement Egyptian government projects and invest land

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Reading time: < 1 MinuteThe Board of Directors of the New Urban Communities Authority (NUCA) in Egypt approved the proposal to establish a company to develop the resources of the New Urban Communities Authority (NUCA), and to develop and exploit all investment lands at the governorate level, provided that an integrated study and a model for the proposed projects that the company will start when it is announced, as an investment company for real estate development and development. This came during a meeting of the board of directors of the ... Read more

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