Month: October 2017

Disbursement of half a billion riyals. The Real Estate Contributions Committee sets next week as the date for completing the liquidation of the “Your Rights are Honest” campaign”  

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Reading time: < 1 Minute  The Real Estate Contributions Committee at the Ministry of Commerce and Investment has set the beginning of next week as the date for completing the liquidation of the “Your Rights are Honest” campaign in its third season, with the aim of delivering the funds belonging to citizens in troubled contributions who did not apply to the committee during the past years and reach them and return their rights. The total amount of rights disbursed to shareholders in the first and second campaigns amounted to more than half a billion riyals, ... Read more

Ministry of Housing: Completion of 1846 villas and land within 3 projects in the Northern Borders region

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Home Finance - Real Estate Loans - Residential Projects - Residential

Reading time: < 1 Minute The Ministry of Housing spokesperson Saif Al-Suwailem revealed that the ministry has completed 1846 villas and land within three projects in the Kingdom's northern borders. Earlier, Al-Suwailem announced that 4 of the 12 projects announced by the ministry earlier this month have completed their reservations for citizens benefiting from housing subsidies due to the high demand for these projects. ... Read more

Royal decree: Mohammed Al-Qwaiz as Chairman of the Capital Market Authority, Youssef Al-Balihad as Vice Chairman, and three other members

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Electronic platform

Reading time: < 1 MinuteThe Capital Market Authority (CMA) announced that a royal order has been issued to reconstitute the CMA Board based on the provisions of Article 7(b) of the Capital Market Law, and the royal order stipulated the appointment of: Mohammed bin Abdullah Al-Qwaiz as Chairman, Yousef bin Hamad Al-Balihad as Vice Chairman, Ahmed bin Rajeh Al-Rajeh as a member, Khalid bin Abdulaziz Al-Hamoud as a member, and Khalid ... Read more

Caught the attention of businessmen. 60 specialized companies participate in the Baghdad International Fair under the umbrella of the “Export Authority”

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Saudi exports

Reading time: < 1 MinuteWith the participation of 60 specialized companies, the Saudi Export Development Authority has successfully concluded its participation in the 44th Baghdad International Fair, which is currently taking place from 21 to 31 October. The Saudi participation varied in various fields, which received praise from visitors, businessmen, investors and Iraqi citizens, as the pavilion was characterized by good organization and distinguished reception within its corridors. ... Read more

Fatwa on using zakat funds to finance special groups An agreement between the Housing and Labor Ministry to provide 100,000 housing units

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Reading time: < 1 MinuteThe Ministry of Labor and Social Development confirmed that it has reached an agreement with the Ministry of Housing to provide 100,000 housing units for the most needy beneficiaries. The Ministry of Labor and Social Development explained that it has obtained a fatwa authorizing it to use Zakat funds for housing in order to contribute to providing financing solutions for this category. It is noteworthy that the Ministry of Labor and Social Development stated in its report ... Read more

Bahrain International Real Estate Exhibition concludes, and real estate regulation is due in March

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Reading time: 2 MinutesWith the participation of Amlak Real Estate and the patronage of Sheikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister of the Kingdom of Bahrain, the International Real Estate Exhibition, which was held in Manama and organized by Bahrain Engineers, concluded its work yesterday, Saturday, after it lasted for three days at the Bahrain International Exhibition and Convention Center, and the opening ceremony was honored by the presence of the Speaker of the House of Representatives, Ahmed bin Ibrahim Al Mulla, ... Read more

Under the slogan Partners in Tomorrow's Vision Sharqiya Economic Forum kicks off on November 8th

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Contracting - Investment - Real Estate Finance

Reading time: < 1 MinuteWith the participation of a group of ministers, governors, specialists and those interested in economic affairs, the Eastern Chamber is organizing the launch of the “Eastern Economic Forum” from November 8-9, under the slogan "Partners in Tomorrow's Vision", which will be held under the patronage and presence of His Royal Highness Prince Saud bin Naif, Governor of the Eastern Province. On this occasion, the Chairman of the Board of Directors of the Eastern Chamber, Abdulrahman ... Read more

In support of the business sector Al Bilsan Exhibition Center to complete its facilities soon Al Bilsan Exhibition Center

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Reading time: < 1 MinuteKing Abdullah Economic City (KAEC) has reached a major milestone in the completion of the 7,000 square meter Al Bilsan Exhibition Center, which is being built by Dutch company De Boer on an area of 7,000 square meters in Al Bilsan, one of the distinctive coastal neighborhoods in the heart of the economic city. The construction and development of the center will be completed by the end of this year. The center includes a 2,800-square-meter auditorium ... Read more

“Emaar Properties to float Emaar Development shares in November

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Reading time: < 1 Minute Emaar Properties has determined that the Emaar Development IPO will commence in the first half of November. Emaar Properties Chairman Mohamed Alabbar said the company will consider the possibility of allocating specific shares for subscription to existing Emaar Properties shareholders if the law and regulators allow it. The general assembly of Emaar Properties ... Read more

Real Estate Fund: 17 billion riyals available to lend to 34 thousand beneficiaries. The outstanding loans are 157 billion riyals

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Reading time: < 1 Minute The total amount available at the Real Estate Development Fund for lending currently amounts to 17 billion riyals, while the outstanding loans lent to citizens amounted to 157 billion riyals until the end of 2016. For his part, Khaled Al-Amoudi, supervisor of the Real Estate Development Fund, explained that with the amounts currently available at the fund, it is not possible to provide service to more than 34 ... Read more

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