Reading time: < 1 MinuteIn its session last week, the Council of Ministers issued a decision to repeal the regulation on practicing the profession of commenting on transactions at government entities, based on a recommendation prepared by the Council of Economic Affairs and Development.
Reading time: 2 MinutesBar : Riyadh Season 10 million visitors. One million tourists. 14 entertainment zones. 7500 events. =========== Prince Mohammed bin Salman directs to organize the “LEAP” conference and exhibition annually Amlak- SPA His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, directed that the “LEAP” conference and exhibition be held annually in the Kingdom. ... Read more
Reading time: < 1 MinuteThe Ministry of Justice (MoJ) and the General Real Estate Authority (GRA) have agreed to work to curb irregular sales that take place through law firms or real estate offices by issuing the necessary circulars. In 1436, the Ministry of Justice issued a decision to privatize some of the work of notaries in accordance with the provisions of the Judiciary Law, which authorized the minister to allocate them by a regulation approved by ... Read more
Reading time: < 1 MinuteThe Ministry of Commerce has made great strides in combating the phenomenon of commercial concealment with numerous and intensive efforts, starting years ago with awareness and guidance on the dangers of this behavior that eats away at the body of the national economy and causes the slow death of the country's resources and capabilities, until the ministry, in cooperation with 20 government agencies, reached the end line announced on February 16. The ministry, in cooperation with 20 government agencies, reached the end line on Feb. 16. Read more
Reading time: < 1 MinuteThe Ministry of Municipal and Rural Affairs and Housing (MOMRAH) today signed three memorandums of understanding (MoUs) with Mobily, Saudi Telecommunications Company (STC) and Saudi Technical Control and Security Company (TCSC), under the patronage of H.E. Mr. Majid bin Abdullah Al-Hogail, Minister of Municipal and Rural Affairs and Housing, on the sidelines of the LEAP International Technical Conference, where the Ministry was represented by Undersecretary ... Read more
Reading time: < 1 MinuteGlobal reports revealed that virtual real estate sales in the online world of «Metaverse» exceeded $500 million last year, indicating that they could double this year, according to Metametric Solutions. The company explained that virtual sales in January 2022 exceeded $85 million, and expects sales at this pace to reach nearly $1 billion this year. ... Read more
Reading time: < 1 MinuteSpecialized real estate reports revealed that luxury residential property rents in Dubai continued to rise by 25% year-on-year in December 2021, recording the highest rate among 30 cities. Savills, which specializes in real estate consultancy, stated that the Dubai Index, which measures luxury housing rental prices, topped global cities for 2021, noting that prices during the first half ... Read more
Reading time: < 1 MinuteThe Digital Saudi Arabia exhibition, which concludes on February 3, has launched 15 new digital products to accelerate digital transformation, maximize economic return and enhance performance efficiency, amid the participation of 30 government agencies that reviewed their services in 15 comprehensive government platforms and 10 products based on innovative models using emerging technologies. Promoting a positive mental image and ... Read more
Reading time: < 1 MinuteThe share of electronic payments in the retail sector - individuals reached 57% for 2021 of the total available payment operations, including cash in the Kingdom, and the Saudi Central Bank confirmed that electronic payments for 2021 exceeded the target within the financial sector development program - one of the programs of the Kingdom's Vision 2030 - which was set at 55% for 2021. He said ... Read more
Reading time: < 1 MinuteThe Ministry of Housing in the Kingdom of Bahrain distributed 2,000 additional housing units to eligible citizens according to the approved schedule, as part of the 40,000 housing units program ordered by Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain. The ministry noted that the housing distributions come in line with the government's commitment to provide 25,000 units ... Read more
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