Month: June 2018

3000 licensed business events in the first quarter of 2018 Riyadh leads with 49 %

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Reading time: < 1 MinuteThe National Exhibitions and Conferences Program revealed the extent of its achievements during the first quarter of 2018, presenting a detailed statistical report on the completion rates of initiatives aimed at implementing the program’s strategic objectives and priorities. The report stated that 3,013 business events were licensed during the first quarter of 2018, most of which were in the sectors of healthcare, education, technology and communications, and the economy, trade, and commodities… Read more

“Ejar” starts working with the unified commercial contract during the fourth quarter of 2018

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Reading time: < 1 MinuteWell-informed sources announced that the Ministry of Housing will begin implementing the standardized contract for the commercial sector—as part of the “Ijar” online platform—during the fourth quarter of 2018. They stated that the Ministry has submitted the standardized contract for the commercial sector to the Ministry of Justice for review prior to its implementation this year, and noted that the Ministry of Housing is working to resolve the issues faced by real estate brokerage offices … Read more

MSCI's Emerging Markets Index to include Saudi stocks in two phases

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Reading time: 4 MinutesMSCI, the global provider of emerging market indices, announced that the Saudi Stock Exchange (“Tadawul”) has been added to its Global Emerging Markets Index. As a result, the Saudi Stock Exchange will qualify for classification as an emerging market, having previously been classified as a standalone market by MSCI. The Saudi Stock Exchange will be included in the MSCI index in two phases: the first during the index’s semiannual review in May 2019, and the second … Read more

A report by the Ministry of Housing: The real estate market received more than 400 housing units in 2017

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Reading time: < 1 MinuteThe Ministry of Housing’s periodic bulletin revealed that the total number of new residential units in the housing market during 2017 reached 401,285 units, The bulletin noted that the construction completion index issued by the Saudi Electricity Company—which tracks the connection of residential units to the power grid upon completion of construction—saw an increase of 12.6% in the total number of residential units built during the fourth quarter of … Read more

Ministry of Housing reiterates its commitment to building quality and launches building quality inspection service via ASAAS platform soon

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Reading time: < 1 MinuteThe Ministry of Housing has reaffirmed its commitment to implementing standards for building quality control and assurance, improving energy and water efficiency, improve the quality and reliability of housing products, reduce operating and maintenance costs for citizens, minimize potential risks and associated costs, and enhance the efficiency of stakeholders in the construction sector. The Ministry, through its Quality Assurance and Sustainability Assessment System, announced the launch of a service … Read more

The Eastern Province Chamber of Commerce is offering 100 free events during Eid al-Fitr

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Reading time: < 1 MinuteAbdulhakim Al-Ammar Al-Khalidi, Chairman of the Board of Directors of the Eastern Province Chamber of Commerce, confirmed that the Eid al-Fitr 1439 AH celebrations for the people of the Eastern Province—held under the generous patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province— will feature many new events and major surprises—a gift from the Chamber’s Events Fund to the region’s residents and visitors during the holiday. He revealed … Read more

National Exhibitions and Conferences Program offers its services daily during the Eid Al-Fitr holiday

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Reading time: < 1 MinuteThe National Program for Exhibitions and Conferences announced that it will provide its services daily during the Eid al-Fitr holiday, starting last Friday, the 24th of Ramadan, through Saturday, the 9th of Shawwal, from 1:00 p.m. to 5:00 p.m. The National Program also announced that online services for business event licensing will be available during the Eid al-Fitr holiday, as is customary throughout … Read more

Ministry of Housing subsidizes rent defaulters with 22,000 riyals

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Reading time: < 1 MinuteThe Ministry of Housing plans to provide support of up to 22,000 riyals to citizens who are behind on their rent and who rented their homes through the “Ejar” network, effective next August, It noted that the number of citizens on the “Ejar” network who have been exempted from paying rent after their financial hardship was verified stands at approximately 3,000, noting … Read more

Invitation to SMEs to register for the “Tamouh” support program”

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Reading time: < 1 MinuteThe Governor of the General Authority for Small and Medium-Sized Enterprises, Engineer Saleh Al-Rashid, called on ambitious businesses to register for the “Tamouh” program offered by Manashat, which is one of the programs designed to support the growth and empowerment of businesses. Engineer Al-Rashid said on his Twitter account: “The ”Tamouh“ program is one of the most important programs we have at ”Manshaat’ for empowering and supporting growth, as it helps male and female entrepreneurs of ambitious enterprises assess their situation … Read more

Housing program identifies the main reasons why 85% mortgage applicants were rejected

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Reading time: < 1 MinuteThe Housing Program revealed the main reasons for the rejection of 85,% applications from citizens seeking mortgage loans, Program supervisor Marwan Zouawi confirmed that the unavailability of the housing options sought by applicants is one of the main reasons for rejection, in addition to the applicant’s employer if they work in the private sector, and finally, if the applicant is 45 years of age or older… Read more

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