Month: October 2016

Banks renew their warnings against online shopping fraud as part of a campaign

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Reading time: < 1 MinuteSaudi banks have renewed their warnings about the risk of increasing electronic fraud as Saudis use credit cards and the number of fake and unreliable websites has increased. Talaat Hafez, secretary-general of the Banking Information and Awareness Committee, revealed that customers are eager to buy products through websites without knowing that they are not licensed or trusted, which leads the customer to ... Read more

Japan's New Housing Projects Grow Steadily

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Reading time: < 1 MinuteThe number of new housing starts grew more than expected in September, according to Japanese government data. The Ministry of Land, Infrastructure, Transport and Tourism said the number of housing projects started in Japan in September increased 10% compared to the same month last year, after increasing by 2.5% in August, continuing the growth ... Read more

Cabinet approves amendments to the Housing Subsidy Regulation Implementing a mortgage program called «Easy Mortgage» for «Housing» beneficiaries

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Reading time: 3 MinutesThe Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - chaired the session held by the Council of Ministers on Monday afternoon at Al Yamamah Palace in Riyadh, where the Council took several decisions as follows: After reviewing the report submitted by His Excellency the Minister of Economy and Planning regarding the minutes of the meeting of the committee formed to study funding opportunities for the Authority. Read more

Removing a number of encroachments on government lands measuring 1.2 million m2

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Reading time: < 1 MinuteThe Municipality of Qassim, represented by the General Department of Lands and Properties - Government Land Protection Department, has removed encroachments on public property southeast and west of the city of Buraidah, with an area of more than 1.2 million square meters, and took measures to preserve the sites. The Media Center reported that the Municipality's efforts in this framework, ... Read more

Ministry of Housing organizes the fourth Arab Housing Conference next December in Riyadh

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Reading time: 2 Minutes  The Ministry of Housing is organizing the Fourth Arab Housing Conference under the title “Activating the Public-Private Partnership to Develop the Housing Sector” from 21-23 Rabiul Awwal 1438H corresponding to 20-22 December 2016 in Riyadh under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud “may God protect him” amidst a wide Arab and regional participation. Discussing housing and reconstruction ... Read more

Contractors will be required to use national steel products in government projects

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Reading time: < 1 MinuteThe National Steel Committee of the Council of Saudi Chambers demanded that all contractors responsible for implementing government projects comply with the royal orders regarding the support and encouragement of iron and steel products in the Kingdom and use it instead of the imported even if its price increases 10% with conformity of specifications. He pointed out that with the continued steady increase of iron stocks in the Kingdom's ... Read more

Ministry of Housing conducts trials on its housing units using more advanced systems

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Reading time: < 1 MinuteThe Ministry of Housing is currently conducting experiments to build houses using modern systems and methods in its housing projects, after which individuals will be allowed to use them, and the results of all these experiments will be announced. The Ministry of Housing's General Supervisor of the Follow-up and Technical Support Unit said in a press statement that many countries rely on the construction of prefabricated houses ... Read more

Housing participates in the Jeddah City Development Exhibition

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Reading time: < 1 MinuteThe Ministry of Housing, represented by the Developer Services Center ”Completion” and the off-plan sales program “Wafi”, is participating in the seventh edition of the Jeddah City Development and Real Estate Investment Exhibition, which will be held from February 2 to 4, 1438 AH, at the Jeddah Center for Forums and Events. The participation of the Ministry of Housing in the exhibition comes to communicate with real estate developers from ... Read more

Saudi Arabia is the fifth largest economy in the world in terms of international investment status

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Reading time: 2 MinutesThe Kingdom of Saudi Arabia is the fifth largest global economy in the International Investment Position (IIP), which determines the position of creditor and debtor countries globally, as the Kingdom's net international investment position reached $703.3 billion (2.64 trillion riyals) at the end of 2015, according to the latest data from the International Monetary Fund (IMF) obtained by Amlak. The international investment position is the total... Read more

Bayan Credit Information prepares to launch its specialized services

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Reading time: < 1 MinuteBayan Credit Information Company is making intensive preparations to launch its business and services specialized in measuring the risks of commercial entities for the commercial and investment sector in Saudi Arabia to work towards achieving Vision 2030 starting early next year 2017. The Minister of Trade and Investment, Dr. Majid Al-Qasabi, stressed the importance of the expected role played by Bayan in providing programs and applications that contribute to building vital databases ... Read more

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