Prince Alwaleed has attacked the U.S. magazine’s ranking of world billionaires as flawed and biased against Middle Eastern businesses.
A Jubail plant would have processing capacity of 1.5 million tonnes a year and the other, in Rabigh, one million tonnes a year.
The Kingdom announced in March that it was planning to ban VoIP services such as Skype and Viber.
The family conglomerate has hired three people from accounting firm Deloitte to senior management positions.
L&T will build a plant with a processing capacity of 75 million standard cubic feet per day.
A feasibility study will be carried out by the two companies over the next five months.
The rescheduled payment, spread over seven years, will be treated as a commercial loan.
The wheat is of optional origin from the European Union, Australia and North and South America.
The Saudi company sold its stake to Hawaii-based Outrigger Hotels and Resorts.
The project will allow both countries to share power of up to 3,000 megawatts.
The senior, unsecured notes priced at a profit rate of 1.535 per cent, arranging banks said.
The Saudi dairy firm will distribute bonus shares in a move approved by its shareholders.
The International Monetary Fund forecasted Saudi Arabia’s GDP growth at 4.4 per cent, down from 6.8 per cent in 2012.
The worldwide death toll now stands at 23 as Saudi Arabia reports five new cases.
Earlier this year the kingdom began to crack down on the many foreign workers who violated their visa terms.
Prince Miteb’s promotion bolsters his credentials within the ruling al-Saud family.
A joint venture between Arabtec and Terna won a contract to build a 105-bed hospital in Riyadh.
The virus, which can cause coughing, fever and pneumonia, emerged in Saudi Arabia last year and has been found in 33 people there, killing 17.
Riyadh plans to install 41,000 megawatts (MW) of solar power over the next 20 years.
The project, estimated to be worth less than $300 million, is due to come online in mid-2016.
The twin-tower residential and commercial development will be built in Jeddah’s Corniche area.
The IMF predicts Saudi’s overall growth to reach 4.4 per cent this year, due partly to an expected decline in oil output.
The plant will use integrated gasification combined cycle (IGCC) technology to convert vacuum residue fuel from the refinery into a synthetic gas.
Taken from the Gulf Business Top 50 Banks, these are the biggest banks in the Kingdom by 2012 total assets.
Ascott is opening up in Riyadh, while the first One & Only Resort and first Staybridge Suites in KSA are opening in Jeddah
Saudi Aramco is estimated to import 8.9 million barrels of diesel in June, up from around 6.7 to 7.5 million barrels in May.
The Kingdom produced 9.136 million bpd of oil in March, 14,000 bpd less than in February.
The company’s financial impact of the shut-down is initially estimated at SAR119 million.
An investigation traced the attacks to hundreds of internet protocol addresses in a number of countries.
The Capital Market Authority announced a series of measures designed to reduce the volatility of shares, make them harder to manipulate and improve the quality of listed companies.