Month: May 2018

Zain and Al Hamrani sign a cooperation agreement to develop and deliver IoT services

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Reading time: < 1 Minute Zain Saudi Arabia recently signed a new cooperation agreement with Al-Hamrani International at the company’s headquarters in Riyadh, in line with its strategy to support the company’s business sector. On this occasion, Yahya Al-Mansour, CEO of the Business Sector at Zain Saudi Arabia, explained that the signed agreement aims to develop and provide Internet of Things (IoT) services, in addition to a range of new technologies that the company is focused on delivering … Read more

Saudi Arabian Monetary Authority (SAMA) launches “Receipt” electronic platform for payments and bills

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Reading time: < 1 Minute The Saudi Arabian Monetary Authority (SAMA) has launched a national electronic business invoicing platform (e-Invoicing) called “Isal,” with the aim of streamlining payment processes between government agencies, various business sectors, and the suppliers that work with these agencies. The “Isal” platform will help reduce financial transaction costs and enhance institutional efficiency by streamlining invoicing processes for suppliers to government agencies and business sectors … Read more

Real Estate Fund: 82,000 beneficiaries have not received the loans issued to them

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Reading time: < 1 MinuteThe number of beneficiaries who have received approvals from the Real Estate Fund but have not yet received their loans has reached 82,000, Hamoud Al-Osaimi, the Fund’s official spokesperson, referred to the decision to extend the deadline for citizens who are late in receiving their mortgage loans despite the approval of their loan applications, for an additional year, starting from Shawwal 26, 1439 AH, through Shawwal 25, 1440 AH. This decision applies to beneficiaries who … Read more

Saudi Arabian General Investment Authority (SAGIA) reveals 222 reforms to the investment environment in Saudi Arabia

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Reading time: < 1 Minute The General Investment Authority hosted more than 50 representatives from a British company operating in the Kingdom and explained during a recent workshop held at the Authority’s headquarters that it had implemented approximately 222 reforms to the Kingdom’s investment environment, and discussed the most significant challenges and obstacles they may face, as well as the role of relevant government agencies in overcoming those obstacles, in the presence of officials from the Ministry of Justice and the Authority… Read more

Thermal insulation extends the life of electrical appliances and reduces energy consumption and maintenance costs

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Thermal insulation

Reading time: < 1 MinuteThe Saudi Energy Efficiency Center (Kafa’ah) has confirmed that the energy efficiency of thermal insulation materials is measured by the thermal transmittance of all exterior building components, scientifically known as the U-value. The lower the U-value, the higher the energy efficiency of the building material. Thermal insulation is defined as the reduction of heat transfer through building components, particularly walls, roofs, and windows, … Read more

Amlak Newspaper Launches Its Advertising Campaign in the Kingdom… Imkan Real Estate Launches “Amlak Ramadan Real Estate Forums” in Riyadh

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Reading time: < 1 MinuteImkan Real Estate Development Company has signed an agreement with Amlak newspaper to manage its media campaign in Saudi Arabia for 2018. The signing took place at the company’s new headquarters in the UAE capital, Abu Dhabi, between the company’s CEO, Walid Al-Hindi, and the regional director of Amlak newspaper in the UAE, Ali Al-Shawi. The agreement includes managing Imkan’s media campaign across various traditional and digital media platforms … Read more

The Real Estate Fund is granting borrowers who have not yet received their loans an additional year

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2 Real Estate Fund in Janadriyah-min

Reading time: < 1 MinuteThe Fund’s official spokesperson, Hamoud Al-Osaimi, called on all beneficiaries covered by the decision to extend the deadline for citizens who are late in receiving their mortgage loans to quickly complete their procedures and take advantage of the various financing solutions offered by the Fund’s “Subsidized Financing” program, which the Fund has established to align with the capabilities and aspirations of the beneficiaries on its lists. Al-Osaimi explained that the decision grants beneficiaries an additional year starting from … Read more

“Emaar Properties to Re-launch the ”Dubai Creek“ Tender Next October

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Reading time: < 1 MinuteEmaar Properties plans to re-launch the tender for the construction of the world’s largest shopping mall, “Dubai Creek,” in October of this year. Media sources have indicated that  “Emaar” aims to re-launch the tender to allow for a redesign of the project to facilitate the construction process. The company had extended the deadline for receiving bids for the “Dubai Creek Mall” project until April 26.

Expanding access to financing... The adoption of commercial mortgages marks a major step forward in leveraging assets and future funds

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Business registers

Reading time: 2 MinutesThe Ministry of Commerce and Investment has adopted the commercial mortgage system as an effective and catalytic step within its ambitious plans to build a legislative framework for commercial regulations in line with “Saudi Vision 2030,” which aims to improve the business and investment environment, and to raise the Kingdom’s credit rating and its standing in targeted international indices. The trade and investment system is committed to establishing a legislative framework that stimulates and supports commercial and investment activity and enables … Read more

The Ministry of Commerce Issues a Code of Conduct for Family Businesses to Regulate Commercial Relations Among Family Members

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Reading time: 2 MinutesThe Guiding Charter for Saudi Family Businesses, issued recently by the Ministry of Commerce and Investment, is one of the regulations designed to ensure the continuity of these companies, protect rights, and resolve disputes among partners, with the aim of strengthening the values of the business family, achieving corporate goals, and developing their businesses within an institutional framework that supports their expansion and increases their chances of success. Regulation of family ownership in the company: The Guiding Charter is a family document … Read more

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