Government | Friday 14 July, 2023 4:42 am

PIF, ENGIE to develop green hydrogen projects in Saudi Arabia

The Public Investment Fund (PIF) signed a memorandum of understanding (MoU) with ENGIE for the joint development of green hydrogen projects and its derivatives in Saudi Arabia. The MoU aims to explore opportunities that contribute to driving the energy transition in the Kingdom in...

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Government | Friday 14 July, 2023 4:35 am

PIF assets rise to $700 bln

The Public Investment Fund (PIF) remained in the sixth position among the world’s largest sovereign wealth funds (SWFs), after its net assets rose to $700 billion (SAR 2.635 trillion), recent data from SWF Institute showed. PIF's assets rose by $50 billion, compared to $650 billion in...

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Government | Thursday 13 July, 2023 10:45 am

Al Hogail reveals directives to ensure urban identity for each city

Saudi Arabia’s Minister of Municipal, Rural Affairs, and Housing, Majed Al Hogail, unveiled leadership directives that all the Kingdom’s cities shall have a clear urban identity. In an interview with Al-Arabiya TV, Al Hogail stated that works are in the pipeline under the supervision of...

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Government | Thursday 13 July, 2023 10:14 am

Mohammed bin Rashid launches international programme on training government directors

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice -President and Prime Minister of the UAE and Ruler of Dubai, today launched the International Programme for Government Directors to train and qualify government administrative competencies.The programme seeks to build knowledge bridges with...

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Government | Thursday 13 July, 2023 9:55 am

Sakani provides 6,000 land plots for Saudi families in H1 2023

The Sakani program announced that about 6,000 plots of land were made available to its beneficiaries in the first half of 2023 through its website and application in most provinces of the Kingdom.   It added that Makkah Province came in first place with 3,982 free plots of...

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Government | Thursday 13 July, 2023 9:51 am

Real Estate Contribution Law executive regulations to be issued in 120 days: official

The Real Estate General Authority (REGA) is set to issue the executive regulations for the new Real Estate Contributions Law within 120 days, which will include the licensing procedures and conditions, in coordination with the Capital Market Authority, said REGA's official spokesman Yaseer...

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Government | Thursday 13 July, 2023 9:12 am

Saudi-Turkish Business Forum sign 16 deals worth SAR 2.3 bln

The Saudi-Turkish Business Forum kicked off, on July 13, in Istanbul, with 16 cooperation agreements worth SAR 2.3 billion signed in real estate, construction, engineering consultancy and other investment sectors, according to the Saudi Press Agency (SPA).    The forum, attended ...

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Government | Wednesday 12 July, 2023 1:59 am

Dubai Customs honors distinguished clients in monthly ceremony

Under the patronage and attendance of His Excellency Ahmed Mahboob Musabih, Director General of Dubai Customs, and CEO of Ports, Customs and Free Zone Corporation, the government department honored distinguished clients for the month of July.  His Excellency directed the organization of a ...

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Government | Wednesday 12 July, 2023 12:28 am

Saudi Cabinet approves Real Estate Contributions Law

The Saudi Cabinet, chaired by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, approved the Real Estate Contributions Law. The Cabinet reaffirmed the Kingdom's keenness to enhance the precautionary efforts made by the OPEC+ countries to support the stability and...

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Government | Wednesday 12 July, 2023 12:03 am

Real Estate Contribution Law to boost transparency, open new financing channels: Al-Hogail

Majed Al Hogail, Minister of Municipal and Rural Affairs and Housing said that the Real Estate Contributions Law aims to regulate the activity of real estate contributions, raise the level of transparency and disclosure, and protect the rights of all concerned parties, according to Saudi Press...

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