Sadara Chemical Co will use the returns to fund a $19.3 billion petrochemical complex in the east of the Kingdom.
Some two million of Yemen’s 25 million citizens work abroad, more than half of them in larger and richer neighbour Saudi Arabia.
The SAR1.3 billion issue attracted orders worth SAR2.4 billion from institutional investors inside Saudi Arabia.
Saudi oil minister Ali Al-Naimi said that it “remains to be seen” how much demand will increase.
The order did not state how long telcos would be given to comply with the new regulations.
Access to the networking site may be restricted to people who register their identification documents, say reports.
Until now women’s exercise facilities have had to be licensed by the Health Ministry and designated as “health centres”.
Many illegal immigrants have now lived in the Kingdom for decades, prompting government officials to speak of a “humanitarian crisis”
Seventeen cases have been announced since the WHO issued an alert for the “novel Coronavirus” in September last year.
Smugglers were aiming to ship over 3,260 metric tonnes of refined petroleum products out of the country.
Abdulaziz al-Sugair will take the helm following the imminent departure of CEO Khaled al-Ghoneim.
Aramco Overseas signed a deal in March 2011 with oil firm PetroChina to build a 200,000 bpd refinery.
Current oil prices will not deter economic growth, says Saudi’s oil minister.
Meetings with fixed income investors are scheduled to conclude in London on Monday, having taken place in the United States last week.
The Kingdom is reportedly in talks with application operators to ensure that they adhere to regulatory requirements.
A coalition of seven banks will back the dual-tranche, long-term loan, say sources.
A mixture of issues including the right type and price of housing, in the right locations, is causing a problem in the Kingdom, says report.
Fahd bin Ibrahim al-Dughaither has been named the new head of the struggling telecoms operator.
Shipments to the US from OPEC’s top producer had dipped earlier in the year.
The country could get a one-notch upgrade if it makes more progress tackling unemployment and diversifying the economy.
The video-sharing website has started its partner programme in Saudi Arabia, UAE and Egypt.
Unemployment among men last year dropped to 6.1 per cent, the lowest figure since 2000.
US-based Mosaic Co plans to invest up to $1 billion in a joint venture with Saudi firms Ma’aden and SABIC.
The contracts include Dhs287 million worth of work awarded by Al Rajhi Bank to construct facilities in Riyadh.
Naimi’s comments follow recent warnings that weak economic growth could hobble global oil demand this year.
HSBC’s Saudi Arabian unit, JP Morgan Chase and Samba Financial Group are frontrunners to manage the sukuk sale.
Ghoneim, who was appointed CEO in June 2012 is the latest STC senior management executive to quit.
Saudi Electric last tapped the international bond market in March 2012 with a $1.75 billion two-part Sukuk.
The Sukuk forms part of a $12.5 billion debt package currently being raised to fund the construction of a $20 billion petrochemical complex.
Sheikh Salman al-Awdah has expressed his concerns in an open letter on Twitter.