Month: August 2023

8 new criteria in the Modern Urban Heritage Strategy Project initiative

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Riyadh - Business - Localization of real estate activities and professions

Reading time: 2 MinutesThe Heritage Authority has begun work on the Modern Architectural Heritage Strategy project as a key phase of the Modern Heritage Initiative action plan, which was launched in November 2022 and is dedicated to preserving significant modern architectural heritage landmarks, and represent key elements that have shaped the memory and history of architecture and urban development in the Kingdom over the past period. The initiative includes multiple tracks and programs and is currently undergoing a number of … Read more

Saudi Commission for Accredited Valuers launches precious metals and gemstones appraisal branch

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Saudi Commission for Certified Valuers

Reading time: < 1 MinuteThe Saudi Authority for Accredited Valuers (TAQEEM) announced the launch of a new division specializing in the valuation of precious metals and gemstones, as well as all items naturally classified as such, in accordance with the guidelines and standards approved by the Authority. Training Trainees: The Authority works to train trainees and equip them with the necessary skills to appraise precious metals and gemstones accurately and professionally in accordance with approved best practices, by providing … Read more

The General Real Estate Authority Seizes 3,500 Illegal Real Estate Listings

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3500 illegal real estate ads

Reading time: < 1 MinuteSince the implementation of the Real Estate Brokerage System, the General Real Estate Authority has identified 3,500 non-compliant real estate advertisements and received 2,057 reports. The most notable violations detected through electronic monitoring included the absence of a license for the advertisement, failure to state the licensee’s name or license number in the advertisement or publication related to the property, or providing misleading information or concealing essential information regarding the property … Read more

The Ministry of Commerce has blocked 51 fake websites impersonating it

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Ministry of Commerce - Saudi Companies

Reading time: < 1 MinuteThe Ministry of Commerce announced that it has blocked 51 fake websites impersonating the ministry by claiming to receive complaints and promoting them through search engine ads on the internet. The ministry’s official spokesperson, Abdulrahman Al-Hussein, emphasized the ministry’s commitment to protecting consumers from fraudulent practices and its ongoing efforts to monitor and block all non-compliant websites. He urged all consumers to report any … Read more

Ministry of Industry issues more than 34,000 certificates of origin last month

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Ministry of Industry logo

Reading time: < 1 MinuteThe Ministry of Industry and Mineral Resources issued 34,962 “Certificates of Origin” in July as part of its efforts to support and streamline services for exporters across various sectors, including industrial, commercial, and private. A Certificate of Origin is a document certifying that products exported abroad are of domestic origin or have acquired domestic origin status. The service targets industrial establishments and the sector … Read more

Public Investment Fund launches Kyani to promote healthy lifestyles in the Kingdom

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Public Investment Fund

Reading time: < 1 MinuteThe Public Investment Fund announced the launch of “Kiani,” a comprehensive company dedicated to promoting and inspiring healthy living among women in the Kingdom. Chaired by Her Royal Highness Princess Rima bint Bandar bin Sultan, “Kiani” will focus on the health and lifestyle of future generations through six key services, including fitness, athletic apparel, personal and therapeutic care, nutrition and diagnostics, and dining … Read more

More than 5,000 commercial registrations in Medina by the end of the second quarter

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Medina Chamber of Commerce - Commercial Register

Reading time: < 1 MinuteThe branches of the Madinah Chamber of Commerce and Industry reported that more than 5,000 active business registrations had been recorded by the end of the second quarter of 2023. The statistics indicated that the active registrations for members of the chambers of Al-Ula, Al-Hanakiyah, Al-Mahd, and Khaybar are in the sectors of wholesale and retail trade, contracting, restaurants, catering, contracting, services, vehicle maintenance workshops, tourism, transportation, warehousing, real estate, professional services, agriculture, and leasing, … Read more

“Manshaat” Signs Several Agreements and Memoranda of Understanding with Six Lenders

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Monsha'at - Small and Medium Enterprises

Reading time: < 1 MinuteWith the aim of finding suitable financing solutions, the General Authority for Small and Medium Enterprises (Monsha'at) has signed several agreements and memoranda of understanding with six financial institutions; including the Small and Medium Enterprises Bank, the Social Economy Association, and a group of companies, most notably National Finance, Tasheel, Mudaraba, and Amlak International Finance. Through the agreement signed today with the SME Bank, Monsha’at seeks to… Read more

The Board of Directors of the Saudi Board of Certified Valuers discusses the second quarter performance at its 40th meeting

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Saudi Commission for Certified Valuers

Reading time: < 1 MinuteThe Board of Directors of the Saudi Authority for Accredited Valuers (TAQEEM) held its 40th meeting, chaired by His Excellency the Minister of Finance and Chairman of the Board, Mr. Mohammed bin Abdullah Al-Jadaan. The Board reviewed a number of items on the agenda and took the necessary actions regarding them. It also reviewed the Authority’s performance during the second quarter of 2023, the results of the fourth General Assembly meeting, and approved the regulations … Read more

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