INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Saudi Arabia to speed up real-estate title registration

Mining and quarrying activities drove the rise in IPI.
  • Two Saudi ministries are looking to set up committee to facilitate real-estate tasks,
  • The panel is also expected to prepare a plan for the application of property ID to all title deeds, and studying joint property title deeds

The Saudi Ministry of Justice (MoJ) and the Ministry of Municipal and Rural Affairs and Housing (MoMRA) have signed a memorandum of cooperation to speed up procedures for real-estate title registration, official sources have said.

The move is expected to raise the country’s ranking in relevant international indexes.

“The memorandum provides for the formation of a mutual committee for facilitating real-estate tasks, preparing a plan for the application of property ID to all title deeds, and studying joint property title deeds,” the MoJ said.

The committee is also expected to undertake the governance of procedures for planning, partitioning, division, and surveying decisions, besides the issuance of grant title deeds.

It will also reportedly supervise digital integration related to property works.

The step is said to be part of the collaboration between the two ministries aiming to improve services, enhance efficiency, and achieve common goals.