A square meter of land in Makkah now costs SR 2 m

February 9, 2013

sau_makkah

Jeddah, Feb 9: Investors may have to pay a whopping SR 2 million for a square meter of land in the central zone around Makkah by the end of 2013, said chairman of the real estate committee at the Makkah Chamber of Commerce and Industry Mansour Abu Rayash.

Prices ranged between SR 500,000 and SR 1.5 million in 2012. A square meter in a strategic area in Japan is about $ 100,000, seven times cheaper than Makkah, he was quoted as saying in Al-Sharq newspaper.

“Real estate investments rose to 45 percent in Makkah alone while the rest of the country’s regions accounted for the remaining 55 percent,” he said, adding that the percentage would increase to more than 50 percent in 2013.

“The real estate market in Makkah witnessed above-expectation figures in terms of pricing and deals. Forty-five percent of all liquidity poured into the city of Makkah.”

“Makkah is witnessing massive activity in its real estate market caused by property-expropriation compensations which amounted to SR 200 billion in 2012.”

Abu Rayash said a lot of money was poured into the real estate market in Makkah by many investors from different regions including Riyadh, Qasim, Eastern Province and southern regions. He said liquidity in Makkah would increase to SR 250 billion in 2013 as a result of “the demolishing of the Parallel Road, the expansion of the Madafe, Jabal Alkaba and Harat Assada districts and progress on the issue of unplanned districts in the city.”

Abu Rayash said many investors are heading to Makkah instead of other main cities such as Riyadh and Jeddah because of the massive growth in the numbers of Umrah and Haj pilgrims. “It is expected the city will receive seven million Umrah pilgrims and four million Haj pilgrims this year as a result of expanding the Holy Sites, the new Mashaer and Makkah trains and the completion of the Jamrat Bridge expansion.”

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News Network
March 18,2020

Riyadh, Mar 18: Private-sector businesses in Saudi Arabia on Wednesday were ordered to introduce enforced remote working for all employees for 15 days in an attempt to prevent the spread of the coronavirus.

Businesses that require staff to be physically present to ensure they continue to operate — including those in vital or sensitive sectors such as electricity, water and communications — must reduce the number of workers in their offices to the bare minimum. This can be no more than 40 percent of the total number of staff.

In such cases precautionary measures set by the Ministry of Health must be followed. At offices, and staff accommodation, with more than 50 workers, an area at the entrance must be provided where temperatures can be taken and symptoms checked.

Employers must also set up a mechanism for workers to report any symptoms, such as high temperature, coughing or shortness of breath, or contact they have had with infected individuals or people who recently returned from other countries without following proper Ministry of Health quarantine procedures.

Inside offices, a safe amount of space between employees must be maintained at all times. In addition, all health clubs and nurseries provided by employers must close.

Pregnant women and new mothers, people suffering from respiratory diseases, those with immune-system problems or chronic conditions, cancer patients and employees above the age of 55 are to be given 14 days compulsory paid leave, which will not be deducted from their annual entitlement.

Businesses that are excluded from the new measures include pharmacies and supermarkets, and their suppliers. Private-sector organizations that provide services to government agencies must contact them before suspending workplace attendance. Any other business that considers it impossible to operate with only 40 percent of staff in the workplace must submit an exemption request to the authority that supervises it.

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Agencies
July 19,2020

Occupied Jerusalem, Jul 19: Israeli Prime Minister Benjamin Netanyahu’s corruption trial resumed on Sunday.

Netanyahu is charged with fraud, breach of trust and accepting bribes in a series of scandals in which he is alleged to have received lavish gifts from billionaire friends and exchanged regulatory favors with media moguls for more agreeable coverage of himself and his family.

Netanyahu denies wrongdoing, painting the accusations as a media-orchestrated witchhunt pursued by a biased law enforcement system.

The trial opened in May. Just before appearing in front of the judges, Netanyahu took to a podium inside the courthouse and flanked by his party members bashed the country’s legal institutions in an angry tirade.

Netanyahu was not expected to appear at Sunday’s hearing, which is taking place at an occupied Jerusalem court and is mostly a procedural deliberation.

The trial resumes as Netanyahu faces widespread anger over his government’s handling of the coronavirus crisis.

While the country appeared to have tamped down a first wave of infections, what’s emerged as a hasty and erratic reopening sent infections soaring. Yet even amid the rise in new cases Netanyahu and his emergency government — formed with the goal of dealing with the crisis — appeared to neglect the numbers and moved forward with other policy priorities and its reopening plans.

It has since paused them and even re-impose restrictions, including a weekend only lockdown set to begin later this week.

Netanyahu’s government has been criticized for a baffling, halting response to the new wave, which has seen daily cases rise to nearly 2,000. It has been slammed for its handling of the economic fallout of the crisis.

His trial thus comes at inopportune timing. Netanyahu had hoped to ride on the goodwill he gained from overcoming the first wave of infections going into his corruption trial, but the increasingly souring mood has affected his approval rating and may deny him the public backing he had hoped for. The anger has sparked protests over the past few weeks that have culminated in violent clashes with police.

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News Network
June 17,2020

Abu Dhabi, Jun 17: The Ministry of Education (MoE) has allowed students still enrolled in universities overseas to obtain exceptions to attendance policies at their respective academic institutions in light of the Covid-19 pandemic.

In a statement, the ministry said that the move stems from its keenness to ensure the continuity of education for those students and to maintain effective channels of communication with them.

Students' applications for exceptions to academic attendance in universities due to Covid-19 should be submitted following the end of the academic year, and not after the academic semester, via the following email: [email protected].

In their email, students have to explain the reasons for the required exceptions and should include an official message from the university concerned.

Scholarship approval issued by the Ministry of Education for studying abroad should also be attached.

The student's score reports for the academic years spent in the host countries and the duration of each academic year should also be attached, in addition to an entry and exit report of the student from the Federal Authority for Identity and Citizenship.

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