Reading time: < 1 MinuteA report issued by Saudi Electricity Company (SEC) confirmed that 77% of the 5.5 million residential subscribers were not affected by the new tariff for the month of June 2016, noting that more than 4 million residential subscribers did not exceed the amount of SAR 300, and 23% of subscribers ... Read more
Reading time: < 1 MinuteSome international companies have started studying the economic feasibility of projects for the Ministry of Housing, identifying sites and forming alliances with other companies, with the clarity of the Ministry of Housing's strategy to solve the housing issue in Saudi Arabia and these steps come to implement housing projects in all regions of Saudi Arabia that comply with the Ministry's requirements and suit all segments of society.Expectations indicate that the Ministry of ... Read more
Reading time: < 1 MinuteThe Ministry of Finance has begun releasing preliminary and final bank guarantees provided by contractors for projects whose procedures were previously postponed. According to press information, the release came after the Ministry of Finance received inquiries from some ministries and government agencies about the possibility of releasing and recovering the guarantees provided by contractors after the suspension of the awarding of projects. Read more
Reading time: < 1 MinuteThe Saudi Industrial Development Fund (SIDF) will join the Canadian Montreal Group, as part of the state's interest in promoting the industrial sector and contributing to supporting the local economy and achieving the goals of the Kingdom's Vision 2030, the Cabinet approved during its recent meeting chaired by Deputy Custodian of the Two Holy Mosques Prince Mohammed bin Nayef bin Abdulaziz. The Industrial Fund's membership comes to enhance knowledge exchange and transfer of expertise ... Read more
Reading time: < 1 MinuteThe Saudi Investment Bank (SAIB) has announced the signing of a partnership agreement with Booking.com, enabling members of the WOW loyalty program to earn five points for every Riyal paid through the Bank's cards when booking on the popular website, which has more than 950,000 accommodations worldwide, in addition to earning WOW points ... Read more
Reading time: < 1 MinuteFollowing the normalization of security conditions in Turkey, Saudi Arabian Airlines announced the resumption of scheduled flights from its main stations Riyadh, Jeddah, Medina and Dammam to Ataturk Airport in Istanbul, Turkey, less than 48 hours after the suspension of flights due to the recent events in Turkey, which led to the closure of its airports before resuming ... Read more
Reading time: < 1 MinuteThe President of the Arab Tourism Organization, Dr. Bandar Al-Fahid, who was in Istanbul on an official mission during the recent events of the coup attempt against the government in Turkey, reassured that all matters are reassuring, and the conditions have returned to normal, and there is no concern for the security of Arab tourists, and Al-Fahid praised the efforts of the Turkish government and its concern for the security of tourists despite the circumstances that ... Read more
Reading time: < 1 Minute Al Rajhi Bank is an active sponsor of the Buraydah Entertainment and Shopping Festival, which kicked off last Thursday. Prince Dr. Faisal bin Meshal bin Saud bin Abdulaziz, Governor of Qassim Region and Chairman of the Tourism Development Council, presented the honorary shield, which was received on behalf of the bank by Fahd bin Abdullah Al Arf, Branch Network Manager at Al Rajhi Bank. Al Rajhi Bank's participation and sponsorship of the festival comes ... Read more
Reading time: < 1 Minute The Saudi Commission for Engineers warned citizens and residents against dealing with unlicensed engineering offices or requesting services to certify engineering plans and papers from non-competent parties, making sure that the plans are signed by engineers accredited by the Saudi Commission for Engineers. She invited them to take advantage of the complaints service and report violating engineering offices through a dedicated window ... Read more
Reading time: < 1 Minute The Ministry of Housing announced the official start of the approval of plans through the Real Estate Developer Services Center (Ijamal). The Ministry specified that the approval period does not exceed 120 days from the date of submission of the application, noting that this comes in order to accelerate the pumping of housing projects in the market to provide citizens with more diverse options. The ministry explained that the center “Completion” ... Read more
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