Month: February 2021

Zakat and Income Tax invites all taxpayers to familiarize themselves with the e-invoicing regulation

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Zakat and Income Real Estate

Reading time: < 1 MinuteThe General Authority for Zakat and Income Tax (GAZT) has invited all taxpayers to familiarize themselves with the e-invoicing regulation through its website and contact it via the unified number (19993), which operates 24 hours a day, seven days a week, for any inquiries or questions related to e-invoicing. The e-invoicing regulation contains seven articles, which regulate the mechanism of issuing and saving electronic invoices for taxpayers, ... Read more

Ejar program completes more than one million contracts by the end of 2020

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Ejar Network - Documentation of the rental contract

Reading time: < 1 MinuteReal Estate - The number of contracts documented by the “Ejar” program exceeded the one million contracts at the end of 2020, as the increase in the documentation of residential contracts reached 95%, while the increase in the documentation of commercial contracts was close to 400%, compared to 2019, where the growth in the number of residential and commercial contracts documented in the network exceeded 112%. The program explained ... Read more

Competitiveness Center releases draft licensing standards for real estate platforms

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Saudi Arabia Real Estate

Reading time: < 1 MinuteAqar - The National Competitiveness Center (NCC) has released the draft criteria for licensing and classifying electronic real estate platforms for the public to express their views through the (Reconnaissance) platform. The project, which was developed by the General Real Estate Authority as a draft of the licensing controls for real estate activities, aims to protect and preserve the rights of the public and limit randomness in advertising: Licensing and classification of electronic real estate platforms, the obligations of the licensed electronic real estate platform and the mechanisms of ... Read more

“Residential” program delivers ready-made villas in 7 residential projects in January

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Residential projects

Reading time: < 1 MinuteProjects - The “Residential” program continued to deliver ready-made villas in a number of the ministry's projects in 6 regions, where the delivery during January included 7 housing projects and the delivery procedures were carried out after the beneficiaries completed the reservation processes and signed the final contract. He explained that a number of ready-made villas were delivered in Riyadh within the “Zulfi Housing” and in Al Sharqiya within the “Hafar Al Batin” housing and ... Read more

The Ministry of Justice provides an electronic track to complete real estate emptying around the clock

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Ministry of Justice issues multi-party agency

Reading time: < 1 MinuteReal Estate - The Ministry of Justice has provided an automated electronic track that allows sellers and buyers to complete real estate emptying procedures around the clock, and the service includes agreeing on the details of the sale automatically without the need for approval by a notary or notary, through the “Najeez“ portal. The Ministry has previously added a number of banks to work in the electronic real estate emptying service, to include customers ... Read more

Banking News Fahad Al Mubarak as Governor of the Central Bank of Saudi Arabia and the National Bank of Saudi Arabia

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Banking News

Reading time: 3 MinutesBy royal decree The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, last week issued a royal order relieving Ahmed Al-Khulaifi, Governor of the Saudi Central Bank, from his post and appointing Fahd bin Abdullah Al-Mubarak as Governor of the Central Bank with the rank of Minister. The royal orders also included the removal of Fahad Al Mubarak from his position as Minister of State and member of the Council of ... Read more

Riyadh is a model of traditional heritage and modernity

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Decor and Design

Reading time: 4 MinutesPrepared by: Rima Al-Samarrai - Jumana Abdulrazak Decor - Since the establishment of its regional headquarters in Dubai in 2018, LWK+PARTNERS has been working to develop the built environment in the region, especially in the Kingdom of Saudi Arabia. In its latest initiative, the company launched the «Red Envelope» leaflet, inspired by the culture of red envelopes that are gifted on occasions, especially in Asian societies, which represents the company's roots. Read more

Saudi Arabia's asset management industry welcomes ... 2021 with resilience and cautious optimism

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companies

Reading time: 2 MinutesIt survived the COVID-19 crisis thanks to its strong base Riyadh - Ehab Makki Companies - KPMG in Saudi Arabia, the audit, tax and advisory firm, has published its first edition of the Asset Management Review, analyzing the financial performance of twelve large asset management companies regulated by the Capital Market Authority (CMA). Read more

Majid Al-Majid writes: Executive Problems in Construction

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Majed Al-Majed - Al-Binaa

Reading time: 2 MinutesThe issues of construction lie in not choosing the right land for construction, such as the land during digging and establishing the bases and the water tank has water leaks and this we notice a lot in the lands, which forces the owner or real estate developer to extract water outside in order to dig the bases and dig the water tank and start the work of reinforcing and pouring concrete without leaking water, which causes ... Read more

Perspectives. Abdullah Al-Ateeq writes: Management and operation of hotels

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Articles - Antique Real Estate Offices - Real Estate - Hotels

Reading time: < 1 MinuteThe management and operation of hotels is one of the main pillars of tourism, especially after the emergence of giant global projects in AlUla and the global NEOM project, which attracts tourists from home and abroad who are passionate and fascinated by the monuments and architectural engineering in the implementation of resorts and hotel apartments, and one of the criteria that attract tourism in the hotel world is distinguished hospitality, so we need a trained national competence from the sons and daughters of ... Read more

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