Wealthy individuals in the three GCC nations especially spend on imported luxury goods and premium travel, finds new report.
The Saudi telecoms operator’s stock had been suspended for a week until Thursday.
The minister said that the Kingdom wanted the market to stabilise but said it will not subsidise higher cost producers.
The facility will be used to repay debt and for general business purposes.
The MoU calls for South Korean firms to help build at least two small-to-medium sized nuclear reactors in Saudi.
The company said that it does not anticipate difficulties with respect to future financing repayments and costs.
The regulator had suspended Mobily’s shares last Wednesday, after the company announced it had suffered a $243 million loss in 2014.
The Kingdom also reported four new cases of MERS infections, bringing the total number of infections to 931 since 2012.
Convincing Saudi Arabia to accept any agreed nuclear deal is important to the US due to the kingdom’s strategic position in the region.
The firm slashed its profits for 2013 and the first half of 2014 by a combined $381 million, citing accounting errors.
Abdullah al-Khalidi, Saudi Arabia’s consul in Aden, was seized in March 2012.
Saudi Arabia’s market lacked clear direction and was nearly flat as oil edged down towards $62 per barrel.
King Salman broke official protocol to meet Sisi at the airport.
The company said that the resignation will take effect from March 31.
Hilton Garden Inn Dubai Al Jadaf becomes the brand’s fourth Dubai project
Khalid al-Buainain took early retirement for personal reasons and his departure will take effect on Sunday.
Yemen’s president Hadi, who was forced to resign by Houthis, fled to Aden where he has set up a new seat of power.
Rowan said it was in talks with Saudi Aramco to extend contracts for four of its drillships and was looking to win contracts for three jack-up rigs.
In his first public comments since oil prices rebounded, Saudi Oil Minister Ali al-Naimi signalled satisfaction with developments, saying he saw oil demand growing.
Saudi Arabia plans to open its stock market to direct investment by foreign institutions in the first half of 2015.
Higher OSPs would come as a vote of confidence by the OPEC kingpin in oil demand recovery.
The 400,000 barrels per day refinery is part of a $20 billion plan to develop an industrial city in Jizan.
Oil fell on Tuesday after a bigger-than-anticipated rise in U.S. crude oil stocks.
Mobily’s shares have fallen by 56 per cent since an accounting scandal first broke in November.
The price of crude rebounded from a near six-year low to around $60 per barrel this month.
Mobily on Wednesday said it had swung to a full-year loss in 2014, according to audited results.
Tuesday’s price of SAR35.30 per share means around $13 billion has been wiped off Mobily’s market value since May.
The man, in his 20s, reportedly posted an online video ripping up a copy of the Koran and hitting it with a shoe.
Abdulaziz al-Saghyir quit due to health reasons, but will remain on Mobily’s board, the company said.
Yasir al-Rumayyan resigned from the bank last week after heading the business since the start of 2011.