Month: June 2018

Commercial disputes cases shift from “trade” to criminal courts

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Reading time: < 1 MinuteThe Ministries of Justice and Commerce announced that jurisdiction over cases involving public law has been transferred from the Commercial Paper Dispute Resolution Offices within the Ministry of Commerce and Investment to the criminal courts, Thus, the criminal courts have become the competent judicial authority for hearing cases related to commercial papers, including crimes involving the issuance of bad checks and the imposition of statutory penalties on violators.

Aramco signs 16 contracts for the maintenance, operation and service development of facilities in its residential neighborhoods

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Aramco

Reading time: < 1 MinuteSaudi Aramco today signed 16 contracts for the maintenance and operation of facilities in its residential neighborhoods with seven national companies over the next ten years. Mohammed Al-Shammari, Saudi Aramco’s Vice President for Residential Neighborhood Services, explained that the signing of these contracts is part of Saudi Aramco’s commitment to developing residential neighborhood services, enhancing their high efficiency, and maintaining the highest standards of security and safety. He emphasized … Read more

Al-Haqil Hands Over 200 Housing Units to Beneficiaries of the “Sakani” Program in King Abdullah Economic City

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Reading time: 2 MinutesYesterday, Housing Minister Majed Al-Hogail handed over the keys to 200 housing units to beneficiaries of the “Sakani” program as part of the Ministry’s project in partnership with King Abdullah Economic City. Al-Hogail witnessed the signing of a memorandum of understanding between the National Housing Company and King Abdullah Economic City to provide 8,000 additional housing units in the Al-Shurooq neighborhood, to be allocated in phases under the “Sakani” program, … Read more

Engineer Ahmed Al-Rajhi expresses his gratitude to the leadership and emphasizes the importance of promoting investment opportunities for private-sector enterprises and creating jobs for Saudi men and women

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Reading time: < 1 MinuteThe Minister of Labor and Social Development, Eng. Ahmed bin Sulaiman Al-Rajhi, expressed his gratitude and appreciation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud —may God protect him—and to His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister, and Minister of Defense—may God protect him—for the generous royal trust placed in him by appointing him Minister of Labor and Social Development, … Read more

Saudi Real Estate Authority seeks to include “real estate science” in the curricula of Saudi universities

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Al Haqeel - Real Estate - Housing

Reading time: 2 MinutesThe third meeting of the Board of Directors of the General Real Estate Authority revealed that “Real Estate Sciences” has been included among the majors offered at a number of Saudi universities, in accordance with an agreement the Authority is working to sign with several of these universities. The meeting, chaired by His Excellency the Minister of Housing and Chairman of the Authority’s Board of Directors, Mr. Majid bin Abdullah Al-Hogail, reviewed the Authority’s activities during the second quarter… Read more

Reservations for 1171 housing units in Medina's residential projects have been completed

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Reading time: < 1 MinuteThe Ministry of Housing announced that reservations for its two projects in Madinah—comprising 1,171 apartment units of various sizes, specifications, and prices—have been fully booked. The Ministry confirmed that reservations are still open for the remaining projects currently being offered across 11 locations in several cities across the Kingdom, as part of this month’s projects under the “Sakani” program. The two projects in Madinah are distinguished by their strategic location within the area… Read more

Reports: 40 million dollars for the Kingdom's pavilion at Expo 2020 Dubai

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Reading time: < 1 MinuteThe MEED Foundation revealed that the cost of the Kingdom’s pavilion at Expo 2020 in Dubai is approximately $40 million, while $30 million has been allocated for Kuwait’s pavilion and $30 million for France’s. The cost of the pavilions for the United States, the United Kingdom, Australia, and Oman is $25 million each, and Spain’s pavilion is $20 million. Expo 2020 Dubai encourages small and medium-sized enterprises to participate, because … Read more

Expo 2020 Dubai reveals 180 participating countries... and European nations disclose the scale of their investments in the exhibition

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Reading time: < 1 MinuteThe Executive Director of the Expo 2020 Bureau, Najib Mohammed Al Ali, revealed that the exhibition aims to attract more than 180 countries, noting that «more than 170 countries have confirmed their commitment to participate,» Luxembourg laid the foundation stone for its pavilion at the Expo 2020 Dubai site, becoming the first foreign country to begin construction, and announced the design of its pavilion, which will showcase its innovative spirit… Read more

World ranking: Zurich, Switzerland is the most expensive city in the world And Cairo is the cheapest

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Reading time: < 1 MinuteThe Swiss city of Zurich was ranked the most expensive major city in the world, while the Egyptian capital, Cairo, was ranked the least expensive major city in the world, according to an annual ranking compiled by the Swiss bank UBS that covered 77 urban centers. The study, which uses New York City as a benchmark, indicates that Los Angeles offers the best purchasing power in the world for the average wage earner, as its residents… Read more

Electronic Licensing System... The General Entertainment Authority Invites Citizens and Interested Parties to Provide Feedback on the First Draft of the System

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Reading time: 2 MinutesThe General Entertainment Authority has invited citizens and interested parties to provide their feedback on the first draft of the Entertainment Regulation, which it has published on its website with the aim of enabling the public and stakeholders in both the private and public sectors to review the contents of the draft regulation, and to submit their comments and suggestions via the Authority’s website and the email address designated for this purpose, before the end of the day on June 30, 2018. This comes … Read more

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