Prices quoted by companies to build the huge complex showed the project was “commercially unfeasible, a joint statement said.
The minister’s comments suggested increasing political momentum for the tax, which could provide the government with additional revenues.
The company has also launched a global competition to choose new designs for its staff uniforms as part of the rebranding.
Faisal al-Hamad was previously managing director of brokerage and research at NBK Capital.
The lender made a net profit of OMR13.2 million ($34.3 million) in the fourth quarter of 2014.
The sukuk will be launched and priced later on Wednesday, the arrangers said.
Developed by Emaar Hospitality and Meraas, the brand targets young tech-savvy travellers.
The official, however, did not specify the total number of airports in the Kingdom that will be privatised.
The amended law aims to reduce the gaps in working conditions between the public and private sectors, says labour minister.
Last September, Dana said it had signed a deal with Egypt that would help it recover most of the money it was owed.
They discussed global oil markets and cooperation on energy and environmental issues, climate change and solar energy use.
Americana, backed by Kuwait’s billionaire al-Kharafi family, operates franchises for restaurant chains including KFC and Pizza Hut.
The firm made a net profit of SAR617.8 million ($164.6 million) in the fourth quarter of 2014.
Salah al-Fulaij had been the chief executive of NBK Capital, the investment banking arm of the bank, since 2007.
The price of natural gas sold to industrial users will be unified and raised gradually from April 1, BNA said.
The bank reported a net profit of QAR2.5 billion ($686.7 million) for the fourth quarter of 2014.
Dubai World said that it had received backing from a “substantial majority” of creditors on the new deal which would see part of its debt repaid early.
Real estate deal values have declined from 2013, according to the Dubai Land Department.
The entry brings the total number of founder nations intending to join the $50-billion bank to 26, officials said.
Walid Abu al-Khair, founder and director of watchdog group Monitor of Human Rights in Saudi Arabia (MHRSA), was sentenced last year to 10 years in jail.
The company was hit by an accounting scandal in Poland and Germany in 2013.
The move is part of a wider Middle East expansion plan to open 55 new branches this year.
The company will deploy the facility to further penetrate the SME growth finance market in the UAE and Saudi Arabia, it said.
UAE Oil Minister Suhail bin Mohammed al-Mazroui said on Tuesday that OPEC’s decision in November not to cut output had been right.
Brent crude dropped four per cent to below $46 a barrel following a five per cent plunge on Monday.
Emirates Nuclear Energy Corporation (ENEC) completes the concrete dome for the Unit 1 Reactor Containment Building.
The company has purchased plots in Dubai’s Umm Suqeim area and Riyadh’s King Fahed Road to develop its latest projects.
Doha carrier wastes no time in ramping up operations of new widebody aircraft
The bank attributed its increase in net profit to a rise in total operating income, which gained 13.4 per cent.
The project will process around one billion cubic feet a day (bcf/d) of sour gas into 0.5 bcf/d of usable gas.