Reading time: 2 MinutesDeveloping countries suffer from many issues that prevent them from achieving any success at the economic, developmental, and other levels, especially at the level of management processes. There is a permanent flaw in the recruitment and selection of managers in these countries. (Real Estate) The cornerstone of any success, its foundation and premises, is successful management that ... Read more
Reading time: 2 MinutesThe General Authority for Small and Medium Enterprises (Monshaat) and the National Commercial Bank (NCB) signed two cooperation agreements and two memorandums of understanding aimed at supporting the SME sector and entrepreneurs and providing an integrated system of quality financing and banking services and solutions to stimulate the performance of SME owners and enable them to expand their activities, as these agreements come out of the importance that NCB attaches to this sector as one of ... Read more
Reading time: 2 MinutesRuya Real Estate Investment Company, the developer of Riwaq Cordoba Mall in Riyadh, has signed an agreement with Vida Real Estate to lease and operate the complex, starting from the second quarter of 2020. The value of the deal, which lasts for twenty years, amounted to one billion and fifty million riyals. (Real estate investment) The mall is strategically located at the intersection of Al Thumama Road ... Read more
Reading time: 2 MinutesWith the aim of enabling national engineers to manage national projects according to the highest standards, the Saudi Institution of Engineers has signed a memorandum of understanding with the National Program to Support Project Management, Operation and Maintenance in Public Entities (Mashroat), to support the initiative to raise the efficiency of facilities management and improve project management. (Investment projects) On this occasion, the Chairman of the Board of Directors of the Saudi Engineers Organization, Eng. Saad bin Mohammed ... Read more
Reading time: 2 MinutesRiyad Bank is sponsoring the activities of women's entrepreneurship and strengthening their position in the economic sector and supporting them by organizing the “Blossom Accelerator”, which was launched on November 18 in Jeddah, and will continue until the fourth of March next year, in both the capital Riyadh and the city of Jeddah. (Real estate financing). The events aim to empower women's entrepreneurship ... Read more
Reading time: 2 MinutesThe 40th edition of the Building and Construction Exhibition (The Big 5) continues for the third day at the Dubai World Trade Center with the participation of 2,390 local and international exhibitors from 66 countries to showcase 20,000 building products and solutions to more than 68,000 expected visitors representing 130 countries. The show kicked off on Monday ... Read more
Reading time: 2 MinutesThe Ministry of Housing, represented by the Land and Technical Affairs Agency, has started developing the “Rawdat Al Taawun” plan south of Jeddah, in cooperation with the private sector and contractors, and the total number of free land plots provided by the plan is 661, in a total area estimated at 799714 thousand m2, and reservations will be available since the middle of this week by entering the electronic portal and specifying the land ... Read more
Reading time: 2 MinutesThe Custodian of the Two Holy Mosques King Salman bin Abdulaziz, may God protect him, issued a royal decree, relieving Engineer Tariq Al-Fares, the Secretary of Riyadh Region, from his post. A royal order was also issued, appointing Prince Faisal bin Abdulaziz bin Mohammed bin Ayyaf Al Muqrin as the Secretary of Riyadh Region at the prestigious rank. (Royal Order) Here are some links to the news and reports of the issue... Read more
Reading time: 3 MinutesThe Chairman of the Board of Directors of the Saudi Capital Market Authority, Mohammed Al-Qwaiz, revealed that the net foreign investments in the market since the beginning of this year amounted to more than 82 billion riyals, which confirms the strength and attractiveness of the financial market in the Kingdom, pointing out that the listing of Aramco in the Saudi market brings many liquidity from foreign investors. Read more
Reading time: 3 MinutesElectronic payments for the retail sector in the Kingdom exceeded the expected limit and reached new record levels at the end of July 2019, recording more than 36% of all available payments including cash, exceeding the level of the share of non-cash transactions targeted by the Kingdom's Vision 2030 through the targets of the Financial Sector Development Program, which was ... Read more
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