Month: May 2016

The Stockholm Chamber of Commerce confirms that Sweden is the most important European country in terms of trade with the Kingdom

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Reading time: < 1 Minute On the sidelines of the Saudi-Swedish Business Council delegation’s visit to Sweden, Maria Ranka of the Stockholm Chamber of Commerce highlighted the depth of cooperation between the Kingdom and Sweden and the scale of their economic and trade exchange, as well as the alignment of views and interests between the two countries. explaining that industrial and commercial cooperation between the two countries has contributed to supporting development activities and commercial cooperation between the two sides in various fields, reaching … Read more

Prince of Riyadh lays the foundation stone of the Riyadh Exhibition Center Hotel next Wednesday

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Reading time: 2 MinutesHis Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh Region, will preside over the groundbreaking ceremony for the “Radisson Blu Exhibition Center” hotel project at the Riyadh International Convention and Exhibition Center, which is affiliated with the Riyadh Chamber of Commerce, next Wednesday. On this occasion, the Chairman and members of the Board of Directors of the Riyadh Chamber of Commerce and Industry extend their thanks and appreciation to His Royal Highness the Governor of the Riyadh Region for his approval of the … Read more

The Real Estate Fund Begins Offering Accelerated Loans at the Start of Ramadan and Lowers the Murabaha Rate to 11%

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Reading time: < 1 MinuteThe Real Estate Development Fund plans to launch its accelerated loan product at the beginning of the holy month of Ramadan this year. Sources indicate that the Fund has reduced the murabaha rate on the accelerated loan to just 11%, bringing the total cost of the loan to 75,000 riyals over a fifteen-year term. After completing repayment to the bank, the borrower pays the Real Estate Fund in affordable installments over a five-year period, and all … Read more

A whisper for every leader. Saleh bin Farhan Al-Hariri

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Reading time: < 1 MinuteMany organizations today are adopting a methodology of organizational change and development in an effort to achieve higher profits and reduce the high costs they suddenly realized they were facing! There is no doubt that in the absence of effective leadership—which most CEOs claim to practice, yet are far from in reality, as evidenced by observing and reviewing many of the methods they employ… Read more

Wasting time... Dr. Hussam Youssef

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Reading time: 2 MinutesEverything in our lives is calculated and measured by time and the hands of time. The accomplishment of works and projects is related to those elapsed hours and minutes, and depends on the ability to manage time, success or failure or even the completion of various works and tasks, in institutions and organizations, and at the personal level as well. Unplanned meetings that have not received an appropriate amount of preparation are one of the scourges of ... Read more

Report: Ministry of Housing Begins Handing Over Housing Units to Eligible Recipients in Riyadh and the Eastern Province

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Reading time: 3 MinutesLast week, the Ministry of Housing began handing over the Riyadh Al-Khubara housing project in Al-Qassim, which is part of the 100,000 housing units the ministry plans to distribute to eligible recipients. In the same context, Prince Saud bin Nayef bin Abdulaziz—Governor of the Eastern Province—and Minister of Housing Majed Al-Hogail inaugurated the Hafar Al-Batin Governorate housing project, and the distribution of its units, numbering … Read more

Report. Ongoing efforts to launch a real estate price index and create a statistical database

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Reading time: 2 MinutesThe General Authority for Statistics is continuing its efforts to publish a real estate price index for the Kingdom in the near future by establishing a statistical database for the real estate sector, with the aim of supporting decision-makers and meeting the government’s need for such data. Real Estate Price Data Dr. Fahad bin Sulaiman Al-Takhefi, President of the General Authority for Statistics, explained that the real estate price index is based on actual records … Read more

Bureaucracy and the flight to real estate Badr bin Mohammed Aldrees

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Reading time: 2 MinutesBureaucracy is the formidable obstacle that investors face when they approach government agencies to complete their complex procedures, not to mention the indifference and apathy encountered by businesspeople who hope to launch development projects that contribute to their country’s economy and generate the desired profits. Bureaucracy takes many forms and varies depending on the departments involved, with its course and intensity determined by… Read more

Launch of the Saudi-Swedish Business Council to Strengthen Cooperation Between the Two Countries

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Reading time: < 1 MinuteAs part of the launch of the Saudi-Swedish Business Council’s first term (2016–2019), a delegation from the Council of Saudi Chambers and business leaders began exploring prospects for economic cooperation between the two countries, as well as partnerships and investment opportunities, with their Swedish counterparts in Sweden. The Saudi-Swedish Business Council will hold its first meeting with the participation of business leaders from both countries and the Saudi-Swedish Business Forum, which will discuss ways to… Read more

Asset freeze. A huge loss. Abdulaziz al-Issa

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Reading time: 2 MinutesThe real estate market is currently experiencing a troubling slump, as many owners are reluctant to sell for various reasons related to the market or their own economic outlook, exposing them to certain losses that may be tangible or intangible to them. In terms of calculations and figures: If an owner has land with a market value of 100 million riyals and the market interest rate is 5%, and the owner has not put it on the market… Read more

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