Arabtec said it would complete the project in Al Dhahran within 28 months.
The Kingdom is now pumping around 10 million barrels per day – near an all-time high as it looks to grab a bigger share of the oil market.
Each institutional fund will now belong to a ministry or other body related to its function, and be chaired by the minister.
Much urban land in the kingdom is owned by wealthy individuals or companies who prefer holding it as a store of value, or trading it for speculative profits.
Qaboos, 74, has been absolute ruler of Oman since 1970, but his absence in Germany since July had led to growing concern about his health.
Full operational capacity at the two plants would be achieved in 8-10 days.
Unsecured creditors of the Dubai arm of the Espirito Santo empire will get none of the $14 million they are owed.
Foreign minister Prince Saud al Faisal repeated an invitation to all Yemen’s rival factions, including the Houthis, to attend peace talks in the kingdom.
Italian travel retailer World Duty Free (WDF) belongs to the Benetton family.
The company generated around Dhs600 million in revenues from the sale of land plots.
The contract was won along with Dhofar International Development and Investment Holding Co.
Ras Al-Khaimah is planning a benchmark size offer, traditionally understood to mean upwards of $500 million.
The initial guidance for the senior unsecured ten-year sukuk issue is at around 100 basis points over midswaps, a document showed.
Saudi Oil Minister Ali al-Naimi asserted on Sunday that the Kingdom will not curb output to prop up prices.
The sale, set to run from March 29-31, will have 2,500 product deals on offer.
The airport saw nearly 1.7 million visitors in the month of February, authorities said.
Arabtec’s board has approved disposing of Arabtec Saudi Arabia, Arabtec Construction Machinery, Saudi Austrian Arabian Ready Mix Co and EFECO Saudi.
Iraqi PM Haidar al-Abadi’s office gave no details about the invitation or when the possible visit would take place.
The Dubai-based ports operator said it will help Maldives develop infrastructure, logistics and transport links.
Omantel did not give any timing for the issue in the bourse filing.
Ali al-Naimi also said that OPEC will not take sole responsibility for propping up the oil price.
The deal consisted of a hybrid murabaha and wakala structure with a two-year lifespan.
The company made a net profit in 2014 of Dhs4.68 billion last year, up from Dhs3.30 billion in 2013.
The tender covers infrastructure services relocation, shoring works and excavation at Al Khail Avenue.
The joint venture firm’s first project in Saudi Arabia will be an 11 million square metres project called Riyadh Investment Park.
Consular operations in Saudi Arabia were first suspended last week over heightened security concerns.
Saudi Arabia recalled its ambassador to Stockholm earlier this month, after Sweden ended a long-standing defense cooperation agreement with the Kingdom.
Mohammed al-Madi said that the current price drop was because of fundamental supply and demand factors, not any non-economic policies.
The project is expected to provide 2,000 megawatts of solar energy to Egypt.
Arabtec posted an unexpected Q4 loss of $25.7 million, blaming non-recurring general and administrative expenses.