Euromoney conference in Riyadh discusses Saudi Vision 2030 and its local and regional implications

Reading time: 3 MinutesThe 11th edition of the Euromoney Conference, which lasted for two days, was held last week, with the participation of a number of ministers, officials, economists, national and international economists and experts, and more than 1600 representatives of various companies and institutions in the financial and banking sector, at the Prince Sultan Hall in the Al Faisaliah Hotel in Riyadh. The conference discussions centered on ... Read more

Minister of Housing emphasizes the importance of exhibitions in introducing new real estate and finance products at Restatex Riyadh 2016

Reading time: 4 MinutesIn a pure real estate celebration, His Excellency the Minister of Housing, Mr. Majid bin Abdullah Al-Hogail, recently opened the Riyadh Real Estate, Housing and Urban Development Exhibition «Restatex», which lasted from 24 to 27 April, at the Riyadh Exhibition Center, and during his tour of the exhibition and its wings, he praised the active participation of government agencies and the private sector, hoping that citizens, interested people and specialists will find what meets ... Read more

Seventy ready-mix concrete factories in Riyadh closed

Reading time: < 1 MinuteThe Ministry of Commerce and Industry (MCI) has shut down 70 sites violating the rules and conditions required for the production of ready-mix concrete and building materials in the Al-Nazim neighborhood in eastern Riyadh. This came during the implementation of an inspection campaign carried out by the ministry targeting the construction and building sector to detect concrete materials and verify the safety of their supply in order to ensure that there is no fraud or fraud on buyers, ... Read more

Launching a one-stop service center for investors in Qassim

Reading time: < 1 MinuteThe Ministry of Commerce and Industry (MCI) has launched a comprehensive service center for local investors in Qassim, with the support of His Highness the Emir of Qassim and the participation of all relevant authorities in conjunction with the opening of the new MCI branch headquarters in Buraydah, Qassim. The initiative comes as part of the national transformation plans to ease the ease of starting a business by reducing the time and effort taken to finalize ... Read more

4 applications received by the Ministry of Commerce to export cement and steel

Reading time: < 1 MinuteThe Ministry of Commerce and Industry has so far received three requests from cement companies and one request from a rebar company to obtain a license to allow them to export their products outside the Kingdom, according to informed sources. The Ministry of Commerce and Industry has received three requests from cement companies and one request from a rebar company for a license to be allowed to export ... Read more

Penalties and fines for 200 industrial facilities for violating specifications and standards

Reading time: < 1 MinuteThe Ministry of Commerce and Industry imposed fines and penalties on more than 200 industrial establishments in various regions of the Kingdom during the first half of this year 1437 AH, as part of its campaign to verify the quality of national products and ensure their conformity with approved standards and support the development and encouragement of the industrial sector, making it attractive to investors and seeking to create an industrial environment free of violations. The committee issued ... Read more

Preparations for the 2016 Postal, Transportation and Support Services Forum are complete

Reading time: < 1 MinuteAll preparations are complete for the launch of the Post, Transport and Logistics Forum 2016, organized by Saudi Post at the Ritz-Carlton Hotel in Riyadh on May 19, 2016, with the participation of government institutions involved in the express transport and logistics sector, e-government, and local and international private sector companies to participate in the forum. The forum is under the patronage of the Minister of Communications and Information Technology and Chairman of the Council of ... Read more

Saudi Monetary Authority (SAMA) supports localization of jobs in the finance sector

Reading time: < 1 MinuteThe Saudi Arabian Monetary Agency (SAMA) renewed its support for the finance companies sector and its efforts to overcome the obstacles facing it, noting the institution's interest in raising the percentage of Saudization of jobs in the finance sector and qualifying national cadres and the contribution of the Monetary Agency and its support for training programs, in order to achieve the national goals for the growth of the financial sector and the development of human resources included in the Kingdom's vision for 2030. This was explained by the Governor of the institution, Dr. ... Read more

Comprehensive studies to determine the number of vacant houses in different regions of the Kingdom

Reading time: < 1 MinuteA study is currently being conducted between the Ministry of Housing and the Saudi Electricity Company to measure low-consumption electricity meters to find out the real number of vacant dwellings through the preliminary study, and it was noted that the number of vacant dwellings in Riyadh exceeds the normal level by 7%, and the study monitored the rise in vacant housing in the so-called «second home» in the cities of Abha and Makkah Al Mukarramah. This was explained by the Minister of Housing Majid Al-Hogail ... Read more

75 candidates will compete for 12 seats Riyadh Chamber elections to be held before the end of May

Reading time: < 1 MinuteThe Riyadh Chamber's board of directors' elections will be held before the end of May, and it is customary that the Riyadh Chamber's elections take five days, two days dedicated to the elections of its external branches and three days at the headquarters. The supervisory committee is expected to meet with the candidates after the end of the specified period of objection and withdrawal, to discuss the elections and their conditions. The list included 75 male and female candidates, including ... Read more