Saudi Arabia closed its Baghdad embassy in 1990 after the late Iraqi dictator Saddam Hussein invaded Kuwait.
A Saudi source familiar with the affairs of the royal family said the king would most likely stay in hospital for another week.
The man was one of 23 men wanted by Saudi authorities, who accuse them of serving the agenda of a foreign power.
The energy project appears to be one of the first suspended in Saudi Arabia in response to the halving of the oil price in the last six months.
The monarch, who took power in 2005 after the death of King Fahd, has undergone surgery in the past few years related to a herniated disc.
The start-up phase will involve testing equipment at the plant, which has annual production capacity of 4,000 tonnes, a statement said.
Unnamed government official denies comments on social media about the government mulling a reduction in public expenditure.
The bank said that it will give a dividend of 35 halalas per share, down from 80 halalas from the same period last year.
The facility is located in Saudi Arabia’s Jubail Industrial City.
The retailer plans to open eight new stores in the Kingdom over the next 24 months, the company’s managing director said.
For the 2015 budget, announced on Thursday, four analysts’ oil price estimates are in a range of $55 to $63.
An official said that the regulator continues to expect the market to open to foreign investors in the first half of next year, though no specific date has been set.
Implementation of the deal would depend on approval by related government agencies.
The plant was originally scheduled to start up in the third quarter of 2014, but was delayed due to construction delays.
The proposed figure is marginally higher than the SAR0.64 per share which the bank paid for the corresponding period of 2013.
At present, the surplus petrodollars of the world’s top oil exporter are mostly invested abroad by its central bank.
A ministry statement said the government could cover the deficit with its huge fiscal reserves, but Alassaf told media that borrowing might also be used.
Alassaf said everybody expected prices to rise eventually but there was a difference over when.
One bonus share would be issued for each two shares held, increasing the number of the bank’s outstanding shares to 1.5 billion from 1 billion.
Shares in the company have not traded since July 2012, when they were suspended by the regulator after breaching rules relating to accumulated losses.
The company originally announced in June that the government had seized a 1.05 million square metre plot in the Al Faisaliah district of Riyadh with a book value of SAR105.3 million.
Saudi Arabia will continue spending actively on major strategic projects such as housing, transport and the construction of industrial cities, a newspaper said.
Naimi also said the Saudis might boost output instead to grow their market share and that oil “may not” trade at $100 again.
The country’s current-account surplus will remain the world’s fourth-largest by the end of 2014 even after oil’s decline, economists say.
OPEC met on November 27 and declined to cut production despite a slide in prices, marking a shift in strategy towards defending market share rather than supporting prices.
The budget is anxiously awaited by financial markets.
Brent crude is down 46 per cent from the year’s peak in June above $115 per barrel.
The remark was one of the strongest signals yet that the world’s top oil exporter has no intention of cutting output in the face of sliding oil prices.
Saudi Oil Minister Ali al-Naimi insisted that oil prices would improve, although it was unclear when.
The Dubai index jumped 9.9 per cent, while the main Saudi index rose 2.5 per cent.