Month: February 2017

The Saudi Investment Bank honors veteran employees at a special event

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Reading time: < 1 MinuteThe Saudi Investment Bank (SAIB) honored its employees who have served the bank for one, two and three decades at the Al Faisaliah Hotel in Riyadh, in a touch of loyalty for what they have done throughout their tenure at the bank. The bank also witnessed many events and entertainment paragraphs that took place in a family atmosphere that reflects the spirit enjoyed by the bank's employees, to confirm that SAIB deservedly deserves to receive ... Read more

The first installment of the Saudi Commission for Valuers accredits 35 valuers for economic establishments

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Saudi Residents Authority - 200 Training Courses

Reading time: 2 MinutesThe Saudi Commission for Accredited Valuers (SCA) yesterday granted the first 35 practitioners of the profession of economic establishment valuation membership in the economic establishment valuation branch after they passed the specified courses, and this comes within the framework of the role of the Commission in qualifying and raising the level of practitioners of the profession, and the Commission has provided with the International Institute of Business Valuers a number of specialized courses to qualify business valuers. In this regard ... Read more

“Saudi Plastics and Petrochemicals Exhibition” kicks off in Jeddah on Monday

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Reading time: < 1 Minute  The 14th edition of the Saudi Plastics and Petrochemicals Exhibition and the Saudi Printing and Packaging Exhibition will be held from February 27 to March 2, 2017 at the Jeddah Center for Forums and Events, under the patronage of the Minister of Energy, Industry and Mineral Resources, M. Khalid Al-Falih. More than 318 ... Read more

Medina Municipality exposes encroachments on white government lands within the urban area

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Reading time: < 1 MinuteThe phenomenon of encroachment on government lands remained a concern for the secretariats of the regions, where the methods of encroachment varied by hiding the features of the land, as the Municipality of Medina removed encroachments on white government lands next to one of the residential plans in the scope of Al-Baida municipality with a total total of more than 11 thousand m2. In this regard, Mayor Majid Al-Qarafi stated that a number of ... Read more

“Samba Capital wins Best Investment Bank in Saudi Arabia for 2016

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Reading time: < 1 MinuteEuromoney magazine has awarded Samba Asset and Investment Management Company (Samba Capital) the «Best Investment Bank in Saudi Arabia for 2016», as part of the magazine's annual Excellence Awards, one of the world's most prestigious international awards for the best performing investment banks in various global markets. Euromoney reported in its press release that ... Read more

The real estate market is fine UAE's Diyar Properties sells 1000 villas on Yas Island

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Reading time: < 1 Minute  Abu Dhabi-listed Aldar Properties has successfully sold 1,000 residential villas on Yas Island, spread across 550 villas in West Yas and 450 villas in Yas Acres. At the same time, Talal Al Dhiabi, the company's Chief Development Officer, explained that 80 % of the Mayan project and all Ansam units have been sold. Al Dhiabi ... Read more

3626 properties in Makkah to be demolished in favor of King Abdulaziz Road project, to be completed in 2019

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Reading time: 2 MinutesThe King Abdulaziz Road project in Makkah affected 3626 properties in five informal neighborhoods. The road will be one of the modern landmarks of the holy capital, and after its completion, it will bring a comprehensive transformation in transportation in the city of Makkah, as it will provide easy transportation services for pilgrims and pilgrims of the Grand Mosque coming to and leaving Makkah, as well as ... Read more

Headed by Hussein Al-Faraj: Riyadh Chamber's Exhibitions and Conferences Committee reviews its programs in light of the 2020 trends

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Reading time: < 1 Minute Mr. Hussein Al-Faraj, Chairman of the Exhibitions and Conferences Committee at the Riyadh Chamber, confirmed that the committee will also seek to cooperate with government agencies to provide the facilities required by the sector in order to make the Kingdom a strong and attractive competitor for exhibitions and conferences activities, calling on the exhibition industry and those interested and specialized in this sector to communicate and cooperate with the committee to activate the sector and be able to fulfill its role in the phase ... Read more

New Turkish law exempts foreigners from VAT when buying residential and commercial buildings

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Reading time: < 1 MinuteAs real estate investors and investors are about to anticipate Cityscape Turkey, Turkey has enacted a law that exempts foreigners and expatriates from value-added tax when they buy residential and commercial buildings in Turkey, according to specific conditions. According to the new law, which was approved by the General Assembly of the Turkish Parliament and published by the official Turkish News Agency, non-resident foreigners and institutions not operating in Turkey are exempt from ... Read more

Jeddah's Al Saraisari auction achieves disappointing prices Submit a list to stop the sale

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Reading time: < 1 Minute  The auction of Al-Sarisari land in Jeddah, which took place on Thursday afternoon in conjunction with the issuance of the decision of the Execution Court in Jeddah, achieved disappointing prices, as the total value of the land reached less than 135 million riyals (by 12 thousand riyals per meter), while the previous auction in 2015 achieved about 207 million riyals (by 18,100 riyals per meter), and that ... Read more

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