Prince Alwaleed said he was “impressed” by Narendra Modi’s speech when he was in the US.
The SABB HSBC Saudi Arabia Purchasing Managers’ Index climbed to a seasonally adjusted 61.8 points in September, its highest level since June 2011.
About three million Muslims, among them 1.4 million from abroad, are expected to perform haj this year.
The capture of Yemen’s capital Sanaa by Houthi fighters, who have ties with Iran, has jolted Saudi Arabia.
The bank will sell 300 million shares to Saudi individual investors and 200 million shares to the state-run Public Pension Agency at a price of SAR45 per share.
The move comes amid calls from some within the OPEC for action to shore up prices, as international benchmark Brent crude oil has slumped to a two-year low.
The policeman was shot and wounded by unknown assailants while stationed at a checkpoint at the entrance to the town of al-Awamiya late on Monday night.
The seven contracts are to build stations and lay cables for the rail system in the Saudi capital.
The two brands being launched by Virgin Mobile Middle East and Africa are Virgin Mobile, aimed at the youth market, and Friendi Mobile, targeting Saudi’s expatriate workers.
The Saudi Arabian national is being treated in an isolation ward in a hospital while all people she had been in contact with would be checked for symptoms, a health ministry official said.
Bullishness towards Saudi Arabia, which peaked in the July survey due to the announcement of stock market opening to foreign investment, has been declining.
Viva said the launch of its next-generation mobile network – which allows web download speeds several times faster than its predecessor 3G – will help boost its revenues.
The International Diol Co plant, which has an annual capacity of 75,000 tonnes, was shut from Aug. 29 to improve the efficiency of operations.
The Gulf equities fund, domiciled in Luxembourg, has an intial $30 million in assets.
Tasnee has submitted an offer to the Gulf Investment Corporation to buy the additional stake in Cristal subsidiary , thus raising its overall holding to 79 per cent.
Saudi Interior Ministry spokesman General Mansour Turki said that security forces shot and wounded Bassem Ali al-Qudaihi during an exchange of fire when they tried to arrest him.
Yemen has faced multiple challenges, including regular attacks by al Qaeda and its affiliate, Ansar al-Sharia, as well as protests by southern separatists demanding secession from the country.
Oil prices have slid on ample supplies and concern about weakening demand on slowing economic growth in Europe and China.
Alhokair said on Thursday the facility will fund the acquisition and other expansion by the company.
The fund warned the Kingdom to rein in public spending, which has risen 52 per cent annually since 2010 and reached SAR994.7 billion in 2013.
The total value of oil aid to Egypt from Saudi Arabia since July 2013 through September of this year amounted to $5 billion.
On a quarter-on-quarter basis, GDP dropped 3.1 per cent in the second quarter, the biggest fall since the quarterly data series began in 2010.
As per the contract, Drake and Scull will undertake the mechanical, electrical and plumbing works for Al Dara Hospital in Riyadh.
The plant, with an annual production capacity of 1,000 tonnes of plastic moulds, cost around $29.3 million to build.
The company will use the loan to build residential and infrastructure projects in King Abdullah Economic City
The main Saudi index fell 1.2 per cent on Monday, its biggest decline in three months.
A sources said said the Saudis had sent four F-16 fighter jets, the UAE contributed four warplanes, Bahrain two and Qatar a Mirage jet.
Rouhani said that he had no plans to meet with U.S. President Barack Obama while in New York this week.
Saudi has 1.8 mobile subscriptions per person, which means the new firms must likely woo customers from existing operators and that threat could explain their apparent reluctance to cooperate.
The combined capital adequacy ratio of all banks was 17.8 per cent at the end of the second quarter this year, well above the eight per cent minimum specified by Basel standards.