Khalid al-Falih said that he believed the oil market would balance itself in 2017
The programme will come up for voting in the Shoura Council this week
OPEC oil ministers meet on Wednesday to finalise proposed supply-limiting agreement
Mojil’s proposals include forming a new independent board of directors and recapitalising the company
There is an unsatisfied demand for Saudi debt in the market
The Public Investment Fund already owns a 13.7 per cent stake in ACWA
The emergency landing took place after “sparks” were seen in the aircraft
Khalid Al-Falih said the kingdom aimed to more than triple the mining sector’s GDP contribution
The defendants were also charged with belonging to an extremist group
The projects have been delayed due to factors ranging from the slow issuance of visas to clients facing funding shortages
Flags will be placed beside company names on the Saudi Stock Exchange website when they exceed 20, 35 and 50 per cent losses
Sources said Investcorp invested between $100m to $200m for a 30 to 40 per cent stake in the company
Saudi aims to reduce electricity and water subsidies by SAR200bn by 2020
A supervising committee will oversee the privatisation process
The joint venture will begin operations in the second quarter of 2017
The company said it may not be able to continue operations
The 130-key hotel is scheduled to open in 2019
Thousands of shops have been closed following the introduction of new Saudisation rules
The truce was announced on Friday night as a step to end the 20-month old war
A series of delays and setbacks have hit the project
An officially has indicated delayed projects would be revived following the payments
The 48-hour truce started at noon on Saturday
The US has always had a complicated relationship with Saudi, writes Reuters’ columnist John Kemp
Under government reforms, PIF will invest more actively abroad
OPEC agreed in September to limit supply with special conditions given to Libya, Nigeria and Iran
Iran’s surge to the top spot is due partly to less available crude from Saudi
At least 18 members of the consultative body are expected to be replaced
Khalid al-Falih said third parties would independently verify “reserves” disclosed to investors
A report claimed the PIF is reviewing the sale of stakes in local companies as it seeks to diversify its portfolio
The missile was targeted towards the city of Najran