Saudi Arabia’s Oil Minister Ali al-Naimi reiterated that the Kingdom intends to remain the world’s number one oil supplier.
The world’s top oil exporter is keen to maintain its market share, Prince Abdulaziz Bin Salman Bin Abdulaziz said.
The new business will be developed as a joint venture with Bahrain-based brokerage Mubasher Financial Service.
The plane belonged to the King Faisal Air Academy, a military flight school in Riyadh, the Saudi Press Agency said.
The loan will be repaid in 14 installments spread across seven years.
The closures lasted between 20 and 26 days.
The firm said the effect of the work on its financials was unclear and would be announced at a later date.
ISNA said two Iranian cargo planes carrying food and medicine to Yemen had been forced by Saudi jets to leave Yemeni airspace.
Mohammed Abdulrahman Abu Niyan, 23, has confessed to carrying out the shootings on behalf of ISIL.
Riyadh now faces a test of its diplomatic skills in trying to arrange talks among Yemen’s fractious elites.
Saad al-Ajmi, spokesman for the Popular Action Movement (PAM) was reportedly deported.
The total value of projects awarded in the GCC climbed to above $40 billion in Q1 2015.
The company is also holding talks with another bank about the possibility of restructuring a further SAR99.6 million of debt.
Mobily, which is under investigation by the bourse regulator, reported a first-quarter loss of SAR199 million ($53 million).
Chevron’s decision was mainly down to problems getting work permits from the Kuwaiti authorities for its expatriate staff, sources told Reuters
HSBC Saudi Arabia needs to revamp its compliance procedures before CMA can reverse the ban, sources reportedly said.
The delegation will meet Prince Abdulaziz because Saudi oil minister Ali al-Naimi is out of the country on a business trip, a source said.
Saudi Arabia has been supplying more crude to Asian markets and Saudi Aramco’s shipping arm has tendered to build 5 very large crude carriers (VLCCs).
Mobily, an affiliate of the United Arab Emirates’ Etisalat, made a net profit of SAR199 million in the first quarter of 2015.
Kingdom made a net profit of SAR139.4 million ($37.2 million) in the first quarter of 2015.
The Sipchem Chemicals Co plant will make up to 63,000 tonnes per year of polybutylene terephthalate (PBT) resin.
For the first quarter of 2015, Tasnee posted a net loss of SAR332.5 million ($88.7 million).
Sipchem attributed the increase in quarterly profit to higher production and sales and lower expenses.
Several members of Saudi Arabia’s forces have been killed since the country began its air strikes.
Through the deal, a limited liability company specialised in real estate investment and development in Saudi Arabia will be formed.
An interior ministry spokesperson said that all information has been passed on to the security forces, who are on alert.
The move is likely to start the process of incorporating Saudi Arabia into major equity indices by the likes of MSCI, and this could attract as much as $24 billion in foreign capital.
Naimi said that oil production in Saudi Arabia, the world’s biggest crude exporter, was “around 10 million” bpd in April.
The company made a net profit of SAR201.74 million ($53.79 million) in the first quarter of 2015.
Tasnee made a net loss of SAR332.5 million ($88.7 million) in the first quarter of 2015.