Current oil prices will not deter economic growth, says Saudi’s oil minister.
Meetings with fixed income investors are scheduled to conclude in London on Monday, having taken place in the United States last week.
The Kingdom is reportedly in talks with application operators to ensure that they adhere to regulatory requirements.
A coalition of seven banks will back the dual-tranche, long-term loan, say sources.
A mixture of issues including the right type and price of housing, in the right locations, is causing a problem in the Kingdom, says report.
Fahd bin Ibrahim al-Dughaither has been named the new head of the struggling telecoms operator.
Shipments to the US from OPEC’s top producer had dipped earlier in the year.
The country could get a one-notch upgrade if it makes more progress tackling unemployment and diversifying the economy.
The video-sharing website has started its partner programme in Saudi Arabia, UAE and Egypt.
Unemployment among men last year dropped to 6.1 per cent, the lowest figure since 2000.
US-based Mosaic Co plans to invest up to $1 billion in a joint venture with Saudi firms Ma’aden and SABIC.
The contracts include Dhs287 million worth of work awarded by Al Rajhi Bank to construct facilities in Riyadh.
Naimi’s comments follow recent warnings that weak economic growth could hobble global oil demand this year.
HSBC’s Saudi Arabian unit, JP Morgan Chase and Samba Financial Group are frontrunners to manage the sukuk sale.
Ghoneim, who was appointed CEO in June 2012 is the latest STC senior management executive to quit.
Saudi Electric last tapped the international bond market in March 2012 with a $1.75 billion two-part Sukuk.
The Sukuk forms part of a $12.5 billion debt package currently being raised to fund the construction of a $20 billion petrochemical complex.
Sheikh Salman al-Awdah has expressed his concerns in an open letter on Twitter.
The seven men were sentenced to death in 2009 for a crime committed in 2006.
NCoV is from the same family of viruses as SARS, which first emerged in Asia in 2003.
The size and pricing of the sukuk will be decided during roadshows taking place over the next fortnight.
Visitors from Qatar and Kuwait were found to be the biggest spenders.
Securing storage space at the key fuel hub outside the Strait of Hormuz helps traders ensure swift and flexible supplies to buyers.
The 2013 Gulf Business Salary Survey reveals the best-paid jobs in the Kingdom.
Mohammed Fahd al-Qahtani and Abdullah Hamad are founding members of the banned Saudi Civil and Political Rights Association.
Saudi Arabia has leased an oil storage unit in Fujairah, allowing traders to quickly respond to demand, particularly in Asia.
Khalid al-Falih said Saudi Arabia had maintained its maximum potential oil production at 12.5 million barrels per day.
Prince Alwaleed has asked to be removed from the list and Kingdom Holding Company officials will no longer work with Forbes.
The seven men were sentenced to death in 2009 for an armed robbery in 2006, says Amnesty International.
Inflation in the Kingdom reached a seven-month high of 4.2 per cent year-on-year in January.