Month: July 2018

Real Estate Development Fund: Launching a program for those unable to borrow from financial institutions in the next three months

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Reading time: < 1 MinuteHamoud Al-Osaimi, the official spokesperson for the Real Estate Development Fund, said that over the next three months, the fund plans to launch a program specifically for segments of the population unable to obtain loans from financial institutions due to their weak financial standing and repayment capacity, in collaboration with the Developmental Housing Division of the Ministry of Housing. Al-Osaimi added, as reported by the newspaper “Al-Eqtisadiah,” that the program includes widows, divorcees, and low-income individuals … Read more

“Telecom”: Internet download rate in Saudi Arabia reaches 19.3 Mbps

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Reading time: 2 MinutesThe Communications and Information Technology Commission recently held a press conference to present the “Maqyas” report, which monitors and measures the overall quality of internet service in the Kingdom. During the conference, the Commission released the “Maqyas” report for the first quarter of 2018, which showed that the average download speed for mobile broadband services in the Kingdom reached 19.3 Mbps, while the average upload speed … Read more

“Electricity”: Higher bills due to residential tariff correction

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Electricity

Reading time: < 1 MinuteThe Saudi Electricity Company has urged its customers who have objections or comments regarding their bills to contact the company through various communication channels, such as the call center, the website, and the customer service Twitter account. The company stated that the increase in electricity bills this month is primarily due to this year’s adjustment of electricity rates based on consumption brackets in the residential sector, … Read more

“Commerce” starts today an inspection campaign on real estate offices and companies to ensure the implementation of the accredited residents system

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Reading time: < 1 MinuteInspection teams from the Ministry of Commerce and Investment are beginning today to conduct inspection tours of real estate offices and companies in various regions of the Kingdom to ensure compliance with the Certified Appraiser System and to verify that the appraisal profession is practiced only by licensed entities, after they have fulfilled the requirements and completed the training programs offered by the Saudi Authority for Accredited Appraisers, as the profession contributes… Read more

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