Analysis

MORTGAGE LAW

Saudi Mortgage Law: Key Details Still to be Determined

• Hussein Abusaaq
• |
• 9. 7. 2012

Compared to its fellow Gulf Cooperation Council states (GCC), Saudi Arabia’s housing market is the least developed.  Only about 3.5% of all home purchases are financed through a mortgage.  This number is 17% in the UAE and, by example, 70% in the UK and USA.

• Rental Rates

  

  Property rents soar in Saudi Arabia, analyst report shows

  SUSTG Team  |  9. 6. 2012

  Residential property rents in Saudi Arabia’s main cities have increased by up to 15% in some locations in the first six months of the year.

• ECONOMY

  Jadwa September 2012 Saudi Chartbook – Inflation

  Lucien Zeigler  |  9. 6. 2012

  Jadwa Investment’s recently released Saudi Charbook for the month of September 2012 found that the Saudi economic activity in July experienced a “modest slowdown of economic activity…with indicators of consumer spending and PMI slowing on the back of a seasonal trend.”

• RELIGION

  President Obama’s Envoy to Mecca Islamic Summit Shares Views

  SUSTG Team  |  9. 6. 2012

  A little known detail about last month’s Extraordinary Islamic Solidarity Summit in Mecca was the presence of an American diplomat representing President Barack Obama to the 56-member Organization of Islamic Cooperation (OIC).

• REAL ESTATE

  Saudi real estate market poised for new boom

  Lucien Zeigler  |  9. 5. 2012

  New programmes and the new mortgage system — approved by the cabinet in July and expected to take force in the next few weeks — will contribute to decreased land prices, realtors said.

• CONSTRUCTION

  Jadwa September 2012 Chartbook – Construction Indicators

  Lucien Zeigler  |  9. 4. 2012

  adwa Investment’s recently released Saudi Charbook for the month of September 2012 found that the Saudi economic activity in July experienced a “modest slowdown of economic activity…with indicators of consumer spending and PMI slowing on the back of a seasonal trend.”

• FOREIGN POLICY

  Mitt Romney on Foreign and Middle East Policy

  SUSTG Team  |  9. 4. 2012

  This [US election] year is different. There is relatively little attention to issues outside America’s borders – only four percent of Americans “consider foreign affairs much of an issue in this year’s campaign” according to Foreign Policy.com.

• WATER

  Saudi per capita water consumption 91% higher than global average

  SUSTG Team  |  9. 3. 2012

  Per capita water consumption in Saudi Arabia is 91 percent higher than the international average, according to a new report by the country’s Saline Water Conversion Corporation (SWCC).

• ECONOMY

  Jadwa September 2012 Saudi Chartbook – Real Economy

  Lucien Zeigler  |  9. 2. 2012

  Jadwa Investment’s recently released Saudi Charbook for the month of September 2012 found that the Saudi economic activity in July experienced a “modest slowdown of economic activity…with indicators of consumer spending and PMI slowing on the back of a seasonal trend.”

• GOVERNMENT

  Shoura Council to appoint 30 women

  Lucien Zeigler  |  9. 2. 2012

  Saudi Arabia is expected to appoint 30 women on the Shoura Council before the consultative body begins its next annual session. “The expectations are that up to 30 women will be appointed to the Shoura,” sources close to the council told Al-Sharq Arabic daily.