Month: September 2018

App World welcomes more than 327 companies, entities and ministries on September 17 in Riyadh

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Reading time: < 1 MinuteWith the participation of more than 327 companies, organizations, and government agencies from within and outside Saudi Arabia, the Riyadh International Convention and Exhibition Center is hosting “World of Apps,” the first global exhibition of its kind, which will take place from September 17 to 20, 2018. On this occasion, Abdulrahman Al-Hussaini, Chairman of the Board of Directors of “Ghaya Investment,” explained that the idea for the exhibition arose in response to the proliferation of apps and the high demand for them … Read more

“Era of Reforms” Continues... Lebanon Attracts $2.63 billion in FDI in 2017

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Reading time: < 1 MinuteThe the «Lebanese Credit Bank» that the volume of foreign direct investment inflows reached $2.63 billion in 2017, compared to $2.61 billion in 2016 and $2.34 billion in 2015. The annual report of the «General Organization for the Promotion of Investment in Lebanon» (IDAL), titled “The Era of Reforms” and published by the «Lebanese Credit Bank,» confirmed that these investments contributed to financial and economic developments, which in turn contributed … Read more

Daraya Capital acquires the property of Rasil Medical Center in Riyadh for 22 million riyals

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Reading time: < 1 MinuteDaraia Financial announced today, Thursday, the purchase and transfer of ownership of a building (Rasil Medical Center) to the Daraia REIT Fund, following the successful completion of all legal, technical, and regulatory procedures. The acquisition value amounted to 22 million riyals and was fully financed by bank loans available to the fund. The property is located in the Al-Mansoura district of Riyadh on … Read more

The world's latest design creations “DAMAC Properties begins contracting for the $2 billion Tower C in Dubai

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Reading time: < 1 MinuteDamac Properties, the region’s leading luxury real estate developer, announced that it has awarded China State Construction Engineering Corporation (CSCEC) a contract worth AED 512 million to construct Tower C as part of its award-winning “Aicon City” real estate project on Sheikh Zayed Road. The new contract covers civil construction work for the residential tower in the project, which has a total cost of … Read more

87 billion riyals worth of real estate transactions in 8 months and 63%, a decrease from 2017

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Riyadh - Riyadh Hotels

Reading time: < 1 MinuteThe value of real estate transactions during the first eight months of 2018 fell to 87 billion riyals, compared to 138 billion riyals, a decrease of 63.1%. Meanwhile, sales in August fell by 40% to 6 billion riyals, compared to 15 billion in the same month last year, and land sales dropped by 42% to 5.4 billion riyals, … Read more

Eastern Chamber organizes 3 workshops to introduce international trade terms, trademark protection and international pricing

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Contracting - Investment - Real Estate Finance

Reading time: < 1 MinuteThe Eastern Province Chamber of Commerce, in partnership with the Saudi Export Development Authority, will organize three awareness-raising workshops next Wednesday on the rules and terminology of international trade, how to protect trademarks internationally, and international pricing, at the Chamber’s headquarters. The two-day workshops aim to familiarize the business sector—including exporters and importers in the Eastern Province—with the legal rules and international trade terminology applied in countries … Read more

Riyadh to host professional certificate program in engineering arbitration in October to qualify Saudi engineers

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Commercial arbitration

Reading time: < 1 MinuteFrom October 7 to November 28, 2018, Riyadh will host the Professional Certificate Program in Engineering Arbitration, titled “Engineering Arbitration and Construction Contracts in Light of FIDIC,” organized by the Commercial Arbitration Center for the Gulf Cooperation Council (GCC) “Dar Al-Qarar” in cooperation with the Saudi Council of Engineers. On this occasion, Ahmed Najm, Secretary General of ”Dar Al-Qarar,” said, “The Saudi Council of Engineers has taken a leading role … Read more

AED 3.1 billion worth of real estate transactions at the Dubai Land Department last week, and mortgages continue to dominate the market

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Reading time: < 1 MinuteReal estate transactions at the Dubai Land Department totaled more than AED 3.1 billion, with mortgages worth AED 2.363 billion accounting for the largest share through 284 transactions, Last week, the department recorded 442 sales transactions worth AED 751 million, including 84 land sales worth AED 337 million and 358 sales of apartments and villas worth AED 414 million … Read more

The event kicked off yesterday. China to host Dubai Property Show, UAE's premier real estate investment destination

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Reading time: < 1 MinuteThe eighth edition of the Dubai Property Fair in Shanghai kicked off yesterday, Friday, and is being held for the second time at the Shanghai Everbright Convention & Exhibition Center; the event will continue through tomorrow, Sunday, September 2, 2018. In this regard, the Dubai Land Department, the organizer of the exhibition, announced its collaboration with «Somanza» Exhibitions in organizing this one-of-a-kind real estate exhibition… Read more

With an area of 265 thousand square meters ... An American island for sale for 8 million dollars

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Reading time: < 1 MinuteThe real estate market recently listed Shephard Island, off the coast of the U.S. state of Maine, for sale at $8 million. Real estate experts believe this price is low considering the island’s amenities, The island covers an area of approximately 265,000 square meters and features white-sand beaches, a lush forest, and two homes with several luxuriously furnished bedrooms. … Read more

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