Month: September 2022

“Statistics”: Unemployment rate for Saudis fell to 9.7% for the second quarter of 2022

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Real Estate Index - Riyadh City

Reading time: < 1 MinuteHe wrote: Mohammed Turki The General Authority for Statistics (GASTAT) released today the Labor Market Bulletin for the second quarter of 2022, which showed a decrease in the unemployment rate for total Saudis, as it reached 9.7% for the second quarter of 2022 compared to 10.1% in the first quarter of 2022. The total unemployment rate (for Saudis and non-Saudis) decreased to 5.8% compared to 6% in the first quarter of ... Read more

13.2 billion riyals in loans for self-employment and microenterprises

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Social Development Bank

Reading time: < 1 MinuteThe Social Development Bank (SDB) data revealed that the total number of loans for self-employment and productive families amounted to about 13.2 billion riyals, benefiting 342 thousand beneficiaries, while the total financing of the bank since the start of providing loans reached about 138 billion riyals, benefiting more than three million citizens and citizens. Ibrahim Al-Rashid, President of the Bank of Saudi Arabia, emphasized... Read more

Residential program announces the delivery of 1351 housing units in Riyadh and Khamis Mushait

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Khamis Mushait Hills Project

Reading time: < 1 MinuteRiyadh - Mohammed Jamous The Residential Program announced that it recently delivered 1351 housing units to the beneficiary families of the two projects of the Hills of Thursday in Khamis Mushait and Eshraq Living in Riyadh, after the completion of construction work and the delivery of services and infrastructure, within the framework of the program's keenness to hand over the units to the beneficiaries immediately after their completion, provided that the rest of the units will be handed over to the beneficiaries after the completion of ... Read more

1.32 trillion riyals worth of foreign trade in 7 months

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Reading time: < 1 MinuteThe Kingdom's foreign trade during last July achieved great leaps that boosted the trade balance surplus, as it reached 1.32 trillion riyals during seven months of this year, an increase of 55% from last year, which achieved 855.3 billion riyals, supported by the rise in oil exports 95% at a record level of 745.1 billion riyals as a result of higher crude prices and production ... Read more

Royal decree: Crown Prince Mohammed bin Salman bin Abdulaziz as Prime Minister

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Royal Orders - Private Sector - Labor Market

Reading time: 4 MinutesThe Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud today issued three royal orders, including the following: Crown Prince Mohammed bin Salman bin Abdulaziz shall be the Chairman of the Council of Ministers, except from the provisions of Article (56) of the Basic Law of Governance and from the relevant provisions of the Council of Ministers Law. Royal Decree: Yusuf bin Abdullah bin ... Read more

SAR 4.1 billion worth of investments in new industrial licenses

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Jubail factories

Reading time: < 1 MinuteReports issued by the Ministry of Industry and Mineral Resources revealed that the volume of investments in new industrial licenses for the month of August reached 4.1 billion riyals, and small enterprises accounted for the largest share of new industrial licenses with 85%, followed by medium enterprises with 11%, while national factories recorded the largest percentage of the total licenses issued by type of investment with 79%, followed by enterprises ... Read more

Director Nahia Abdulrahman presents a special operetta for children at the 92nd National Day celebrations

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Jeddah Country Operetta

Reading time: < 1 MinuteUnder the patronage and supervision of the Ministry of Culture, Volume participated in the 92nd National Day celebrations, presenting an operetta for children aged 8-12 years old representing 5 different regions, the first time it was presented, accompanied by various folk dances. The operetta, which was performed live, drew the admiration and approval of the audience and viewers, and the director of the operetta, Ms. Enda ... Read more

“Kafalah is recognized as the best financier for small and medium enterprises

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Kafalah Program Receives Award and Certificate

Reading time: < 1 MinuteThe Kafalah SME Finance Guarantee Program (Kafalah) was crowned as the best SME financier in the SME Finance category for the third time in a row at the SME Finance Forum Awards Ceremony, held by the International Finance Corporation (IFC) and sponsored by the Central Bank of Cambodia. The shield was received by the Director of ... Read more

Minister of Tourism: Financing tourism projects up to 50% of the project value

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A panel discussion on the impact of the vision on cities

Reading time: < 1 MinuteThe Tourism Development Fund is ready to finance tourism projects up to 50% of the value of the project, and banks will also support part of it, adding that the ministry has focused on developing strategic and governance plans to raise the percentage of tourism in the Kingdom to 10%, which will support the national economy.This came at the dialogue session organized by the exhibition “Projects ... Read more

Saudi Real Estate Authority reviews real estate regulations at the “Distinguished Cities” exhibition”

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Public Authority for Real Estate - Real Estate Announcement

Reading time: < 1 MinuteThe General Authority for Real Estate reviewed a number of services that are of interest to the real estate sector and its dealers, as part of its role in real estate registration and regulation of the non-governmental real estate sector and spreading awareness of the sector's regulations and activities, to enhance the governance of the sector and raise the efficiency of its performance, ... Read more

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