The lagoon, to be built by Crystal Lagoons, will be situated at the centre of a 240-hectare mixed project being developed by the Prince Sultan Cultural Centre.
The UAE was named the most competitive country in the Middle East and North Africa region while Qatar and Saudi Arabia fell in their rankings, a report from the World Economic Forum shows.
The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers Index rose to 60.7 points last month – the highest level since July 2011.
The ministry said the suspects had been monitored for months before their arrest.
The fire has been extinguished and there was no impact on oil or gas production, a security source said.
The bank, which currently has one branch in the Kingdom, is looking to grow operations across the country.
The official Saudi Press Agency reported that the 17 were sentenced to terms of imprisonment ranging from 2-1/2 years to 26 years.
The change in rules could dent profit growth at banks, especially those that rely heavily on retail activity.
There were 62,762 violations of labour law in the Kingdom, according to the Ministry of Labour.
The aluminium plant had experienced issues during the initial start-up phase last year when it had to shut one of its two smelting lines due to problems encountered during ramp-up.
The investment will boost the amount of funding for renewable energy projects to help meet growing power demand in the MENA region, IFC said.
Sipchem said in a bourse filing that the shutdown of the International Diol Co plant had started on August 29 and would last four weeks.
King Abdullah warned that terrorism could spread to the West if strong action is not taken against the growing threat posed by militants in the Middle East.
Fund managers still see pockets of opportunity in Saudi due to the market’s liquidity and diversity.
The Kingdom’s preferred Sunni allies have lost out to militants, and Riyadh faces its nightmare scenario of watching two key Arab states become proxies for its rival Tehran or perpetual failed states.
Families obtaining assistance from the housing scheme are to receive state-subsidised home loans or subsidised sales of land or housing units.
Sheikh Abdulaziz Al al-Sheikh, the highest religious authority in the country, described the creed of al Qaeda and Islamic State as Islam’s “enemy number one” in his Friday sermon.
The confirmation comes after media reports indicated that the ministry is withdrawing the proposal to shorten working hours in the private sector.
Those jailed have been convicted of crimes including “breaking allegiance to the ruler”, espousing a militant ideology and manufacturing explosives.
Saudi, Bahrain and the UAE recalled their ambassadors to Qatar in March, accusing Doha of interfering in their internal affairs.
Hossein Abdollahian was in Jeddah for the first high-level talks between the two nations since Hassan Rouhani was elected Iran’s president.
Saudi Arabia has banned citizens from fighting abroad, donating money to any faction or sympathising with militant ideologies.
Hossein Amir Abdollahian’s trip is the first high-profile visit to the Kingdom since the election of Iranian President Hassan Rouhani in 2013.
The stock index has jumped 13.3 per cent since the opening of the market was announced on July 22.
Al Khodari will build facilities at Taibah University and at Northern Borders University.
SEC plans to spend $166 billion between now and 2023 on adding 40,000 MW of installed generating capacity.
The Capital Market Authority proposed limiting total foreign ownership of the market’s value to 10 per cent.
Sheikh Abdulaziz Al al-Sheikh said the militant groups Islamic State and al Qaeda were “enemy number one of Islam”.
The men were sentenced for their part in a series of militant attacks against government and foreign targets last decade.
Kuwait’s Americana issued a statement earlier this week saying it had no knowledge of any talks with Savola on a possible acquisition.