Aramco executive said that the $1 trillion figure included projects that might merely be delayed, not just those that could be cancelled outright.
Sultan bin Saeed al-Mansouri said that the word subsidy is often misused and warned that it should not be used without sufficient proof.
The move comes after Sweden’s foreign minister criticised Saudi Arabia’s decision to punish blogger Raif Badawi.
Oman Brunei Aviation Leasing Co will invest in and manage the purchase and lease of commercial aircraft operated by airlines in the Middle East and globally.
Aramco deployed 210 oil and gas rigs in 2014, an exceptionally busy year, company sources had said.
Prices for Trump PRVT mansions will start at Dhs6.5 million.
A report by a state audit body alleged BD400 million of public funds had been wasted by government departments and state-linked firms.
Mubarak Fahad Ali Fahad Al Duwailah is charged with accusing the UAE of being against the Sunni Islam school and for insulting the Gulf country’s leader.
Trading on the Cairo stock market is expected to begin on Wednesday, the company’s chief executive said.
The firm earned QAR2.8 billion for the full year, compared with QAR1.4 billion in the prior year.
The zero-fuel airplane is flying from the UAE capital to Oman in the first leg of its journey.
The builder announced it November it planned a SAR500 million rights issue to help expand its business.
Until now there has been only one issuer of sukuk in Oman, a OMR50 million private placement from Tilal Development Co.
Emirates, flydubai and Etihad Airways have suspended flights to Erbil as ISIL destroys ancient cities in Iraq’s north.
Said Jadad found guilty of “undermining the prestige of the state”, was fined and sentenced to three years in jail.
Saudi contractor Mohammed Al Mojil Group has not traded on the Saudi bourse since July 2012.
Prince Alwaleed has previously made investments in technology brands including Twitter and Chinese e-commerce firm JD.com.
The firm will ask creditors to amend the terms of its $2.3 billion restructuring deal originally signed in 2012, sources said.
Overall, salaries in the UAE have risen by 9.97 per cent year-on-year to around $11,224 per month, finds 2015 Gulf Business salary survey.
The National Audit Court (NAC) produced the figure in its 2013/14 report, a local daily reported.
The Kingdom overtook India to become the world’s biggest weapons importer in 2014, research company IHS said.
A court last month released Mohamed Fahmy and Baher Mohamed on bail after over a year in detention.
Rents in the emirate have surged more than 50 per cent in the last two years, prompting calls for affordable units in the market.
China Harbour Engineering Company will carry out the marine and infrastructure works for the luxury project.
The lender said it had revised its proposed cash payout to four per cent from six per cent.
He said projections showed prices might improve this year, but added that they might also stay between $50 and $60 a barrel.
A statement said the Kingdom’s constitution ensured the protection of human rights because it was based on Islamic Sharia law.
Dreyfus is sending about 280,000 barrels of ethanol from the Port of New York to Jebel Ali in the UAE.
Security officials acknowledge that youths from Gulf Arab states have trekked in their hundreds to fight for ISIL in Iraq and Syria.
King Salman is trying to reinforce the need for unity in the Arab region and find a way to work around disagreements over the Muslim Brotherhood.