Month: August 2018

4 Benefits of the Online Job Fair for Job Seekers and Employers

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Reading time: 2 MinutesThe Human Resources Development Fund (Hadaf) stated that the 12th Online Job Fair, which began last Sunday and will continue through Thursday, offers four benefits to job seekers on the one hand and employers on the other, namely, access to thousands of available job opportunities, direct communication with employers, and the flexibility to search for suitable jobs… Read more

Ministry of Housing Issues 3,863 Exemption Certificates for “Value-Added Tax” on First Homes in One Month

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Reading time: 2 MinutesThe Ministry of Housing revealed that the total number of certificates of exemption from value-added tax for first homes issued to date has reached 3,863, while the number of applications received by the ministry stood at approximately 5,620. and 612 applications were rejected for failing to meet the requirements over the past 30 days. The ministry clarified in a press release today that all applications received … Read more

“Energy”: Gasoline prices in Q3 2018 will remain unchanged

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Reading time: < 1 MinuteThe Ministry of Energy, Industry, and Mineral Resources announced that it had conducted its quarterly review of gasoline prices and decided to keep gasoline prices unchanged for the third quarter of 2018. The ministry kept gasoline prices for the third quarter of this year at 1.37 riyals per liter for 91-octane gasoline and 2.04 riyals per liter for 95-octane gasoline. This marks the second time … Read more

The Turkish lira extends its losses to 4.1 TP3T, hitting an all-time low

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Reading time: < 1 MinuteThe Turkish lira extended its losses to about 4 % during yesterday’s trading, continuing to hit an all-time low in the currency’s history. The lira continues to lose value even following the Turkish Central Bank’s decision to reduce its foreign exchange reserves, a move that will inject $2.2 billion in liquidity into the banking sector. Turkey’s local currency is experiencing sharp losses as … Read more

Are the wealthy driving the global real estate boom?

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Reading time: 3 MinutesFrom London to Sydney and from Beijing to New York, home prices in some of the world’s most sought-after cities are heading downward, signaling the end of the global real estate boom. The U.S.-based Bloomberg network published an analysis explaining the signs that are beginning to emerge in some of the world’s most exclusive and attractive real estate markets. Factors such as tax changes … Read more

“Moody's expects the Saudi government's Sukuk market to develop”

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Reading time: < 1 MinuteMoody’s expects major market participants to develop the market for riyal-denominated government sukuk in Saudi Arabia, which will have an impact on the Kingdom’s debt markets. Moody’s said it expects core traders in newly issued sukuk to help the Saudi government build stable demand for sukuk securities, as well as foster a broader and more diversified investor base. It added that … Read more

Launch of the “Al-Wadiyan” real estate project on a 7-million-square-meter site in Riyadh

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Reading time: < 1 MinuteThe Saudi Real Estate Company (Al-Aqaria), based in Riyadh, announced a multi-phase real estate project called “Al-Wadiyan,” which will be built in the capital city of Riyadh on a 7 million-square-meter site at a cost of 10 billion riyals for the first phase. Abdulrahman Al-Mufdi, Chairman of the Board of Directors of the Real Estate Company, explained that the Al-Wadiyan project will be a new model for community life and will embody the new spirit of the Kingdom of Saudi Arabia and the potential of its talent… Read more

129 organizations offer 8,000 job opportunities at the Meetings Online Exhibition

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Reading time: < 1 MinuteAt the 12th “Liqa’at” e-Job Fair, organized by the Human Resources Development Fund (Hadaf), 129 private-sector companies are offering approximately 8,000 job openings to Saudi men and women. The fair, which began yesterday and runs through next Thursday (27 Muharram 1439 AH), aims to actively contribute to the localization of jobs in private-sector companies and meet the needs … Read more

Mr. Abdulaziz Al-Issa writes: The “NEOM” project revives Tabuk real estate

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Abdulaziz Al-Issa: Real Estate Finance

Reading time: < 1 MinuteThe real estate sector in the Tabuk region has seen strong growth, driven by new projects in “Neom,” and construction materials have seen strong trading activity recently, following the awarding of contracts worth over 15 billion riyals to real estate development companies working on the new project. The construction and development of ports, resorts, and facilities in the “Neom” project have been the main driver of the real estate recovery … Read more

Housing allows reservation and ”direct delivery” in 14 ready-made housing projects

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Reading time: 1 MinuteThe Ministry of Housing announced the start of the reservation and direct handover procedures for residential units in 14 projects for ready-to-move-in units developed by the Ministry, confirming that handover will take place immediately after the final contracts are signed with beneficiaries wishing to purchase these units. In a press release, the Ministry confirmed that there are 2,680 villa-style housing units with an area of 500 square meters … Read more

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