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Need to upgrade the Saudi mortgage system stressed
Justice Minister and President of the Supreme Judicial Council Walid bin Mohammed Al-Samaani, has ordered the update of mortgages to e-mortgages during the first quarter of 2020, the Saudi Press Agency reported. The ministry is seeking to improve the quality of services, promote reliability and eliminate paperwork in line with its digital transformation plan. It has completed the final procedures for the transition to e-mortgages, which will be an alternative for paper-based mortgages in any new real estate transaction.
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Saudi cinema investment seen at $1.1 billion in 2020
Cinema investment in Saudi Arabia is expected to generate an estimated $1.06 billion in construction during 2020, according to data published ahead of Cinema Build KSA 2020, which takes place at Fairmont, Riyadh on Feb. 19-20, 2020. The latest market research done by The Great Minds Group, partner of Cinema Build KSA 2020, predicts that KSA will witness investment in cinema projects estimated to reach SR5 billion during 2020, with 140 cinemas planned to open in 30 malls.
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Air Liquide pumps hydrogen to Saudi Aramco unit in shift from oil
Air Liquide Arabia (ALAR) on Tuesday began pumping hydrogen through its $400 million pipeline network in Saudi Arabia’s Red Sea city of Yanbu and will supply a Saudi Aramco refinery as the kingdom seeks to shift towards cleaner fuel. Pressure has mounted on the world’s biggest fossil fuel producers to reduce their carbon emissions as concern mounts among policy-makers, investors and the general public about their impact on global warming.
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Saudi Arabia to inaugurate National Theater Initiative
The curtain has risen on an ambitious new era for Saudi theater — and its future looks bright, if the launch of the National Theater Initiative at the King Fahd Cultural Center on Tuesday night is any indication. The evening’s entertainment began with a speech from Minister of Culture Prince Badr bin Abdullah bin Farhan, in which he offered his thanks for the “unprecedented” level of support for the theatrical arts the ministry has received, especially from King Salman and Crown Prince Mohammad bin Salman.
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Saudi Arabia’s Hail Season launches mountain bike racing
Hail Season is organizing four days of mountain bike racing on Aja Mountain starting on Wednesday, with the participation of 150 bikers from all over the world, the Saudi Press Agency reported.
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Explainer: How Iran’s military outsources its cyberwarfare forces
Iran’s cyberwarfare capability lies primarily within Iran’s Islamic Revolutionary Guard Corps, a branch of the country’s military. However, rather than employing its own cyberforce against foreign targets, the Islamic Revolutionary Guard Corps appears to mainly outsource these cyberattacks.
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The US is bombing in Afghanistan reaches nearly 10-year high
According to U.S. Air Forces Central Command, U.S. aircraft dropped 7,423 munitions in 2019 — that’s the highest number of bombs released in nearly a decade. In 2018, U.S. warplanes dropped 7,362 bombs — the second highest total in a year thus far since AFCENT began publishing the number of munitions released in Afghanistan.
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China now 2nd largest arms producer
In its annual report, SIPRI said it had “identified information from 2015–17 on the value of arms sales by major Chinese arms companies,” and looked at four companies that cover three sectors of conventional arms production: aerospace, electronics and land systems, “for which credible financial information is available.”
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Perspective: Iran’s Leadership Works to Heal Rifts Opened Amid Protests, U.S. Pressure
The spat between the president and the armed forces, is a “struggle to apportion blame for the tragedy,” said Mr. Harris. While the military says a single officer was at fault, he said, “Rouhani and his bureaucrats want to shift the blame onto the whole military as an institution, to hopefully claw back some political capital from the tragedy.”
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A New Year in Saudi Mining
Saudi Arabia’s mining and metal and mineral processing industry contributes about $17 billion to the kingdom’s gross domestic product per year and employs approximately 250,000 people. Mining activities comprise 15% of the sector’s contribution while the remaining 85% is linked to the value created by the midstream and downstream processes that follow extraction.
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