The licence will allow the firm to fund small businesses and help finance cross-border deals between Saudi and the UAE.
Fahad al-Mubarak gave no indication that the government actually planned concrete action.
Okandan, who is also CFO of Mobily’s biggest shareholder, UAE-based Etisalat, took temporary charge in late November.
The airline carried 6.5 million passengers in 2014, almost double the 3.3 million which it carried in 2013.
Charles embarked on a six-day tour of the Middle East this weekend.
Traders attributed the spot market volatility to the plunge of the Saudi stock market, which sank more than 35 per cent between September and mid-December.
The company, which manufactures beverage brands such as Rani and Barbican, said that it achieved double-digit growth last year.
The Saudi oil ministry has allocated an extra 10 million cubic feed a day (scfd) of ethane from July 1, Kayan said.
Saudi Cement, the Kingdom’s largest cement company by market value, reported an 8.9 per cent rise in Q4 net profit.
King Salman is more sympathetic to religious conservatives than his predecessor Abdullah and is seen as less hostile to the group.
India topped the survey conducted by Credit Suisse, which included nine global economies.
Dubai-based Levant Capital and Citi Venture Capital International originally bought the stake in Al Raya in 2012 for $100 million.
The shortage of gas cylinders, used for cooking, in Jeddah and nearby cities has pushed up prices to SAR100 in the black market from SAR15.
His message offered condolences to the Jordanian people and King Abdullah of Jordan.
The deal is a first in the region for TPG, which manages about $65 billion of capital according to its website.
On Feb. 6, the 400,000 barrels per day refinery will load a 60,000 tonne cargo of gasoline on the Serengeti.
Kingdom’s stake decreased from approximately 6.6 per cent ownership to roughly one per cent ownership.
The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers’ Index was 57.8 points in January against 57.9 in December.
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.