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.
Output, new orders and employment all rose more quickly during the month, with the output index climbing to 62.0 points from 60.7.
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 group is looking to open a hotel in London in order to attract GCC tourists travelling to the UK.
The carrier also confirmed that it would add a second daily service to New York from March 1, 2016.
Qatar is expected to create the most number of jobs in the Gulf this year as it readies for the World Cup in 2022.
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.
The budget assumed an oil price of $60 a barrel, forecasting a budget deficit of about BD1.47 billion for 2015.
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 covers the sale of 24 Dassault Aviation-built Rafale fighter jets.
The airline’s president Tim Clark states that its success is making Emirates a “scapegoat.”
Burgan made a net profit of KD17.54 million ($58.2 million) in the first quarter of 2015.
New official report says a total of 13.2 million tourists visited Dubai last year.
The deal will help Abyat expand into the wider Gulf region, with Al Muhaidib Group benefiting from an increased presence in the sector.
ADIB made a net profit of Dhs450.8 million ($122.8 million) in the first quarter of 2015.
The state news agency said that the authorities resolved the situation using “appropriate standard procedures” after landing at the base.
The company said the delay would not increase the cost of the plant.
The project will house more than 2,000 hotel apartments and residences.
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 developer will partner with Spanish hotel operator RIU Hotels and Resorts to build an all-inclusive four-star resort in Dubai.
The firm is looking for what bankers termed “incremental finance”, sources said.
The statement comes as a group of Arab forces reportedly landed in Yemen to fight Houthi tribesmen.
The developer made a net profit of Dhs1.03 billion ($280.4 million) in the first quarter of 2015.
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.
Lower oil prices had only a minor impact on UAE credit conditions, with no effect on demand for business loans or credit standards, a new survey shows.