Month: August 2021

How to Become a Millionaire? ... Three Tips You Won't Find in Books

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Reading time: 2 MinutesMany entrepreneurs and investors set a goal of building a fortune of $1 million or more, and to achieve this, they read many books on business management that cover topics related to the latest sales strategies and methods, as well as business models that help generate revenues estimated at one million dollars. Although there are many books, videos, and training courses available via … Read more

Breaking || National real estate developer “Roshon” becomes official sponsor of the Saudi Professional League

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Reading time: < 1 MinuteRoshen, the national residential real estate developer and a wholly-owned subsidiary of the Public Investment Fund, announced the signing of an agreement to sponsor the Prince Mohammed bin Salman Professional League. This follows its agreement with the Saudi Professional League to serve as the main sponsor for the 2021-2022 season, which will kick off on August 11. Roshen’s interest in sponsoring … Read more

Makkah Pilgrims Housing Committee announces the start of receiving applications for permits for 1443 AH

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Reading time: < 1 MinuteThe Pilgrims’ Housing Committee in the Holy Capital announced today, Sunday, that it has begun accepting applications for pilgrims’ housing permits for the year 1443 AH. The Secretariat of the Holy Capital stated in a press release that permit applications will be accepted starting from the first day of Muharram 1443 AH, in accordance with the approved engineering quotas for this year. It noted that the deadline for submitting applications is the end of Rajab 1443 AH, and that … Read more

Annual increases in steel prices in Saudi Arabia. Some as high as 54%

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Reading time: < 1 MinuteAverage steel prices saw annual increases, peaking at 54,121 TP3T per ton for 10-mm domestic rebar, with the annual price difference reaching 1,345 riyals over the course of the year. Meanwhile, the average annual increase was 43.86% between June 2020 and June 2021, after steel prices saw a steady rise throughout the past year that drove the annual increase … Read more

276 billion riyals, the size of foreign investments in the Saudi market

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Reading time: < 1 MinuteForeign investments in the Saudi market reached approximately 276 billion riyals, a record high. As of the end of July, the value of foreign investments in Saudi stocks stood at 276.7 billion riyals, accounting for 2.86% of the market value of approximately 9.69 trillion riyals at the end of the same period. Thus, compared to the same period last year, the value of foreign investments rose by approximately 55.5%, as … Read more

AED 7 billion in Dubai real estate transactions in a week

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Real estate deals in Dubai

Reading time: < 1 MinuteThe value of real estate transactions at the Dubai Land Department this week exceeded 7 billion dirhams, with the department recording 1,174 sales worth 3.25 billion dirhams, including 91 land sales worth 715.83 million dirhams, and 1,083 transactions for apartments and villas worth 2.53 billion dirhams. The most significant land transaction, worth 62 million dirhams, took place in … Read more

“Real Estate Authority” and ”State Security” discuss supporting areas of bilateral cooperation

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Reading time: < 1 MinuteThe Governor of the General Real Estate Authority held a meeting with the Director of the General Directorate of Financial Investigations at the Presidency of State Security, during which they discussed areas of cooperation between the Authority and the Presidency (Financial Investigations) to achieve the comprehensive strategic objectives of the real estate sector approved by the Council of Ministers, as well as the plan to implement the regulations, controls and standards issued by the Authority to govern the sector to ensure the integrity and fairness of real estate transactions ... Read more

With trades amounting to 7.5 billion riyals ... “Saudi stocks” closed higher (Infographic)

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Reading time: < 1 MinuteThe main Saudi stock index closed higher today, gaining 47.04 points to close at 11,209.42 points, with trading volume reaching 7.5 billion riyals. More than 200 million shares were traded across over 325,000 transactions, with shares of 108 companies rising in value, while shares of 80 companies closed lower. Shares of Tanmeyah and Sipchem… Read more

With 854 members in attendance, Taqeem holds its 2021 General Assembly Meeting

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Reading time: < 1 MinuteThe Saudi Authority for Accredited Valuers (TAQEEM) held its 2021 General Assembly meeting yesterday via video conference — attended by 854 of the General Assembly’s 1,654 members. The meeting was chaired by His Excellency Mr. Abdulaziz bin Saleh Al-Fareeh, Senior Advisor to the Minister of Finance and Chairman of the Steering Committee.At the beginning of the meeting, His Excellency welcomed the attendees and members of the General Assembly, thanking them for their attendance … Read more

The decision to restrict employment in enclosed shopping malls to Saudi nationals takes effect

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Reading time: < 1 MinuteThe Ministry of Human Resources and Social Development announced the implementation of the decision to “restrict employment in enclosed shopping malls to Saudi nationals” and the expiration of the specified grace period.The decision applies to all professions in enclosed commercial complexes (malls) and the administrative offices of such complexes, with the exception of a limited number of activities and professions within these complexes, in line with the Saudization decisions and the Ministry’s plan to increase opportunities … Read more

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