Cameron said that Saudi is a valuable partner of the West in the region and has helped in the fight against terrorism.
At full capacity, Al Reef is expected to refine 3,000 tonnes of sugar a day, and plans to export two thirds of its production.
The company added that the bonus paid to each staff member would not exceed SAR50,000.
The 24-hour Arabic language news channel, based in Bahrain, will have a specific focus on Saudi affairs.
Aramco has put on hold its deepwater oil and gas exploration and drilling activities in the Red Sea because of high costs, sources said.
The Dubai benchmark jumped 4.5 per cent to close at 3,840 points, its biggest daily gain in six weeks.
The company, an affiliate of Saudi Basic Industries Corp (SABIC), will shut its olefins plant from Feb. 1 for almost five weeks, it said.
Mohammed Al-Jadaan was named head of the Capital Market Authority in a cabinet resuffle by King Salman last week.
Georges Schorderet, previously the company’s chief operating officer, is taking over from Abdulrahman Al Fadley, a statement said.
Salman’s announcement suggested that the government remained willing to spend heavily despite the hit to its oil revenues from low prices.
The 79-year-old Naimi has seen at least three price crashes during his two decades as oil minister.
The wounded man was taken to hospital and was in a stable condition, state news agency said.
The US and Canada have urged Saudi government to cancel the flogging, saying that it was a violation of human dignity.
The Kingdom will pay two months of bonus salary to all state employees and pension to retired government workers.
The 50 lashes administered to activist Raif Badawi this month signal that religious conservatives have the upper hand in a tug-of-war with reformists.
The DFM General Index retreated 2.6 per cent in January.
The company is looking to expand its presence in Saudi Arabia and the UAE.
The wheat will be purchased in shipments of 55,000 tonnes, the Kingdom’s state grain buyer said in a statement.
Saudi Arabia and Qatar were the biggest contributors, committing $25 million and $10 million respectively to Gavi Alliance.
Mazen Alotaibi was found guilty in Las Vegas in 2013 of kidnapping, burglary, coercion, lewdness on a child and sexual assault on a minor.
The deal is the first completed by L Capital Asia in the Middle East, a statement said.
The company, a consortium headed by Dubai firm Emaar Properties and Saudi investors, is building King Abdullah Economic City, a special economic zone near Jeddah.
The 400,000 bpd refinery, which is currently running at about 60 per cent of capacity, started gasoline output this week.
Obama cut short a trip to India to fly to Riyadh, and was joined on the four-hour visit by a big delegation.
The lender will increase its capital to SAR20 billion from retained earnings by issuing two shares for every three shares held.
The company has yet to make a quarterly profit since launching service in 2008.
Obama’s visit comes as Washington struggles with worsening strife in the Middle East and counts Saudi Arabia among its few steady partners in the region.
A stake of between 20 per cent and 40 per cent could be sold, according to three sources with knowledge of the sale.
The fair oil price will be one that balances supply and demand, the chief executive said.
US President Barack Obama will fly a 30-member delegation to Riyadh on Tuesday.