The latest developments in fracking technology will not affect GCC oil demand negatively.
The plant is estimated to have a processing capacity of 1 billion standard cubic feet per day of sour gas.
The Kingdom’s private sector may be unable to accommodate all the Saudi nationals who are unemployed.
The offering, which is not imminent, is likely to be denominated in Saudi riyals.
Land Cruiser leads the sales in the SUV category while Prado and Rav4 also has recorded considerable growth in H1 2013.
The funds from the KIngdom were given in the form of a five-year interest-free deposit at Egypt’s central bank.
SABIC’s net income for the three months to June 30 was 6.04 billion Saudi riyals compared with 5.3 billion riyals in the same period last year.
Net profit for the first six months of 2013 was 291.3 million riyals, 4.1 per cent up on the 279.7 million riyals made last year.
Gulf Arab oil producers have promised aid packages worth $12 billion to Egypt since the overthrow of president Mohamed Mursi.
The new legislation protects maids and drivers but also punishes them for breaking their contracts.
The telecoms operator made a second-quarter net profit of 1.61 billion riyals, up from 1.42 billion riyals in the same period a year earlier.
The drop from 6.5 per cent a year earlier reflects a fall in Saudi crude oil output over the year.
Sources have said that a deal for Saudi Arabia to buy M1 Abrams tanks from General Dynamics was already in sight.
Aramco signed deals worth an estimated $6 billion for the 400,000 barrels per day refinery project in November.
Dragados has won the deal to design and build a new 50,000 tonne-per-year polyacetal plant in the Kingdom.
The Givori Phantom Black Platinum collection, made for men, is handcrafted in Italy.
The UAE will make a $1 billion grant to Egypt and a $2 billion loan.
South Korea’s Daelim Industrial Co will build an ammonia plant at Ras Al Khair, on the eastern coast of the Kingdom.
The factory, located in Yanbu, is being developed by a joint venture of Kuwait’s Alghanim and Saint-Gobain.
The Kingdom’s health ministry said another three people had been confirmed as being infected with MERS.
Most of the cases of MERS have been in Saudi Arabia, with 40 people killed so far.
The Mena region’s approach to alternative energy infrastructure is fragmented and needs work to foster new technology.
The two sectors together account for over half of the Saudi market’s capitalisation.
Saudi’s King Abdullah and the UAE government have sent congratulations to Adli Mansour, who had been appointed as interim head of state.
Sheikh Abdulaziz Al al-Sheikh urged Egypt’s opposing sides to meet to find a solution to the crisis.
The Saudi government has given a four-month extension to an amnesty for foreign workers with visa violations
The Kingdom began a stringent crackdown on illegal foreign workers earlier this year.
The prince is being sued by Jordanian businesswoman Daad Sharab, who says she was not paid a commission for brokering the sale.
The European Union lifted restrictions on arming the rebels in May. Britain and France said they would not send weapons before August 1.
HRW said the men were detained in September 2011 and had spent a year and a half in prison before being tried by a special tribunal.