Saudi consumer prices rose two per cent from a year earlier in March.
US Secretary of State John Kerry began negotiations in Riyadh on Thursday to pause the campaign of airstrikes launched by a Saudi-led coalition on March 26.
Jadwa, Saudi’s largest private investment firm, expects inflows to reach between $40 billion and $50 billion in the medium to long term.
Saudi Ground Services Co, a unit of national carrier Saudi Arabian Airlines, plans to sell 30 per cent of its shares.
Since inheriting the throne, King Salman has embarked on a war in Yemen, restructured the oil sector and shaken up the line of succession.
In 2012, the Saudi goverment introduced a levy of 2,400 riyals ($640) a year for every foreigner whom a company employs above the number of its Saudi workers.
Partly because of higher labour costs, Khodari’s net profit tumbled 57 per cent from a year earlier to $3.7 million in the first quarter of this year.
The strikes occurred after Yemen’s Houthi fighters fired mortar bombs and rockets at a Saudi Arabian border town on Tuesday.
The minister said that he saw a bright future for education, training, development and manufacturing in the Kingdom.
The projectiles struck a girls’ school and a hospital in Najran, which is only two miles from Yemen’s border, officials said.
The minister was also optimistic that the global economy was emerging from its slump, but that one couldn’t expect a return to growth levels of 10 years ago.
SACO, a popular supplier of building tools and mechanical equipment in the kingdom, offered 2.88 million shares to individual investors.
Employment continued to increase but at a slower pace.
A single foreign investor will be able to hold no more than 5 per cent of any listed company, while total foreign ownership of a firm will be limited to 20 per cent.
The statement comes as the UN prepared a plan to set up an air-bridge to bring humanitarian workers into the country.
The Dubai-based channel also quoted Adel al-Jubeir as warning Yemen’s dominant Houthi group against exploiting any truce in the country in its favour.
Jet fuel prices will be cut by 15 halalas per litre at Riyadh and Jeddah airports and by 20 halalas per litre at other airports.
At least nine new Hyatt-branded hotels are expected to open across the GCC by 2017A
The deal will help Abyat expand into the wider Gulf region, with Al Muhaidib Group benefiting from an increased presence in the sector.
The company said the delay would not increase the cost of the plant.
Saudi Arabia denied that a major ground operation was under way by the anti-Houthi coalition it leads but declined to comment on special forces.
The statement comes as a group of Arab forces reportedly landed in Yemen to fight Houthi tribesmen.
The group will open a property each in Riyadh and Marrakech in 2017 and 2015 respectively.
The aircraft also targeted a camp of forces loyal to former president Ali Abdullah Saleh, in Arhab district north of the city.
Brent crude hit a new 2015 high of $66.93 per barrel on Thursday before easing slightly on Friday.
Al Waha Petrochemical had closed its propylene and polypropylene plant in Jubail for 30 days from April 1.
The investment will produce an average semi-annual cash return of 12 per cent, GFH said.
The United Nations says the conflict in Yemen has killed 600 people, wounded 2,200 and displaced 100,000 since September.
On Wednesday, Saudi King Salman appointed Saudi Aramco’s CEO as chairman of the state oil firm and health minister.
Private Gharbi Rajah al-Hassan al-Mujaishi was patrolling on Thursday morning in the Hareth sector in Jizan province when he was killed.