Latest news with #Al-Faqih
Jordan News
03-05-2025
- Business
- Jordan News
Mobile Licensing Unit in Barqash Municipality, Irbid Starting Sunday - Jordan News
The Drivers and Vehicles Licensing Department (DVLD), in cooperation with Barqash Municipality in Irbid Governorate, will launch mobile licensing services starting Sunday and continuing until Wednesday, as part of the innovative initiative 'We Reach You' (Benwasselak). اضافة اعلان Mayor Khaled Al-Faqih told the Jordan News Agency (Petra) on Saturday that the mobile licensing unit will be stationed at Prince Hussein Hall, affiliated with the municipality, from 8:00 AM to 2:00 PM daily. The unit will provide all licensing services for drivers and vehicles in the area. He emphasized that this service is part of cooperative programs between the municipality and the Public Security Directorate, represented by the DVLD, aimed at facilitating services and easing burdens on citizens. Services offered include issuing and renewing driver's and vehicle licenses, paying fees, and receiving official documents on the spot. Al-Faqih commended the DVLD's efforts in delivering such accessible services, saving both time and effort for residents.
Asharq Al-Awsat
28-01-2025
- Business
- Asharq Al-Awsat
Foreign Investment in Makkah, Madinah Real Estate Company Shares Boosts Capital Inflows
Real estate experts have welcomed Saudi Arabia's decision to allow foreign investment in real estate companies in the Makkah and Madinah regions. They said it will attract more foreign capital, speed up major projects, and support development in these cities. The Saudi Capital Market Authority (CMA) said in a statement that this move aims to stimulate investment, enhance the attractiveness and efficiency of the capital market, and strengthen its regional and international competitiveness while supporting the local economy. 'This includes attracting foreign capital and providing the necessary liquidity for current and future projects in Makkah and Madinah through the investment products available in the Saudi market, positioning it as a key funding source for these distinctive developmental projects,' the statement added. The CMA decision follows the approval of the controls for the exclusion of companies listed in the Saudi Stock Exchange (Tadawul) from the meaning of the phrase (Non-Saudi) in accordance with the Law of Real Estate Ownership and Investment by Non-Saudis. The CMA said that as per the decision, foreign investment in these companies would be limited to shares of these Saudi companies listed on the capital market, as well as to convertible debt instruments, or both. However, people without Saudi nationality would not be allowed to own more than 49% of shares of the companies involved. Strategic foreign investors, who are not permitted to own shares or convertible debt instruments in these companies, would be exempted from owning shares of these companies. The new rules allow non-Saudi investors to benefit from the economic advantages of existing and future projects without violating the relevant laws, regulations, and instructions, particularly the Law of Real Estate Ownership and Investment by Non-Saudis, whether during the companies' operations or liquidation. At the same time, CMA grants Saudi listed companies the right to acquire ownership, easement, or usufruct rights over properties allocated for their headquarters or branch offices within Makkah and Madinah. This is contingent upon the property being fully utilized for this purpose and in accordance with the Exclusion Controls exemption regulations under the Law of Real Estate Ownership and Investment by Non-Saudis. Real estate expert Ahmed Al-Faqih told Asharq Al-Awsat that the decision will benefit the overall Saudi real estate market, especially in Makkah and Madinah. It will attract more foreign investment, supporting Saudi Vision 2030's goals of boosting investments and reducing reliance on oil. Al-Faqih expects the market to react positively, with more investors coming in. The decision's impact will go beyond buying and selling properties to include changes in regulations and market innovations. 'We'll see more capital flowing into the market, and development projects will transform the two cities into major construction hubs in the next five years, especially with their ongoing religious tourism during Hajj and Umrah,' said Al-Faqih. He added that the decision targets Muslims worldwide who want to invest in the holy cities, as well as other investors. 'This long-awaited move is a sign that Saudi Arabia is close to allowing foreign investment in its real estate sector,' he noted.
Jordan News
26-01-2025
- Politics
- Jordan News
The Secretary-General of the Arab Thought Forum gives a lecture on "Transformations of Thought from the Printing Press to Artificial Intelligence"
Amman – The Jordanian Association for Political Science organized a discussion session on Saturday titled "Transformations of Thought from the Printing Press to Artificial Intelligence," where Dr. Al-Sadiq Al-Faqih, Secretary-General of the Arab Thought Forum, Arab and Islamic thinker, and diplomat, delivered a lecture at the association's headquarters in Amman. اضافة اعلان The session included participation from association members, political science academics, and journalists, where discussions centered on the rapid technological advancements, particularly those related to artificial intelligence, in the context of transformations in thought. Dr. Al-Faqih talked about the key transformations of thought from the printing press to artificial intelligence, highlighting technological progress and its profound impact on the liberation of human thought. He noted that rapid innovations observed in communication technologies led to significant changes in human cognition and the ways individuals communicate with each other. He pointed out that amid these ongoing changes, people constantly reflect on the transformations happening around them and actively participate in these processes, often without full awareness of the final results of their participation. He explained how, similar to the emergence of the book in Western societies, these new ways of thinking and reflecting were not possible in predominantly oral societies in the past. He emphasized that the emergence of these new types of power relations played a critical role in shaping new patterns of social systems. A comprehensive review of historical data reveals that the transformations observed in communication always lead to the appearance of new forms of relationships, shifting perceptions, and evolving individual identities. Dr. Al-Faqih also discussed the ethical and philosophical implications of artificial intelligence, which has become a central and noticeable transformation in the social and cultural landscape. He noted that the digital transformation, which emerged as a profound shift in thought itself, has made AI systems not just tools or applications but an integral part of our daily lives, used for various purposes. He added that AI systems significantly influence our daily lives and shape our thoughts in countless ways, urging the importance of taking time for critical thinking about these technologies. Meanwhile, Dr. Khaled Al-Shneikat, President of the Jordanian Association for Political Science, presented the technological developments that have revolutionized human societies and transformed the essence of human life. He pointed out that the starting point was the reflection and contemplation on the life of society, followed by technological development, which contributed to the fundamental change in human life, with artificial intelligence being a key first step. He stated that society is on the verge of a major change due to the rapid transformations and the significant communication advancements that have integrated societies with each other, amplifying the thinker's influence on people's lives through their ability to reach a larger audience.
