The banks said that it is working closely with the central bank in setting up a Higher Sharia Authority that would complement and oversee the work of individual sharia boards.
The bank did not expect to make any acquisitions this year, but said that it would at some later date as a number of foreign banks in the Middle East pulled out.
The carrier will be the first among the three Gulf airlines to file an official response.
The proposed sale would improve Saudi Arabia’s capability to meet current and future threats from enemy weapons systems.
Thousands of protesters took to the streets of al-Qadeeh town on Friday evening, hours after a suicide bomber killed 21 worshippers in a packed Shi’ite mosque.
The money will be used to “meet general corporate requirements and certain projects currently being considered”, the company said.
The conference was suffused by concern that Islamic State’s expansion could derail efforts to boost trade and investment in much of the Middle East.
SPA quoted a Civil Defence official as saying that a child was killed and three other children were wounded on Friday in the al-Tawal region.
The attack was one of the deadliest assaults in recent years in the Kingdom, where sectarian tensions have been aggravated by nearly two months of Saudi-led air strikes on Houthi rebels.
Previously Gulf banks largely participated as junior partners in international syndicated loans but that picture is changing gradually.
The offenders reportedly include board members and senior executives who were in charge at the time violations were committed in Mobily.
Airbus’ A400M will be displayed on the ground at the Paris Airshow, but will not take part in daily flying displays.
Officials from both the regions held extensive talks recently to discuss an agreement based on liberated skies.
Health officials said that both patients are in a stable condition and are receiving the necessary medical care.
The transaction, which requires approvals from the central banks of Kuwait and Egypt, stands to benefit both lenders.
The Gulf state denied the accusation, claiming several of the allegations were inaccurate.
Artillery fire and air strikes hit the town of Maydee along Yemen’s border with Saudi Arabia in Hajja province.
The global mobile technology industry made revenues of almost $3.3 trillion in 2014 and is directly responsible for 11 million jobs.
Trading in Amlak was halted as credit markets dried up and the emirate’s real estate prices began a near-50 per cent tumble from their peak.
The regulators refused to take any action while they review whether the Gulf carriers received unfair subsidies.
Amanat was set up to invest in education and healthcare businesses in the UAE and other Gulf states.
The announcement came two days after the pressure groups renewed their call on FIFA sponsors to put pressure on the governing body over the issue.
Dunn had been president of Boeing Turkey and North Africa since July 2012 and succeeds Jeff Johnson.
Last week, approval was issued for the sale of a 30 per cent stake in Arabian Contracting, with the offer set to run between June 10 and 16.
The financial freezone regulator said the bank was guilty of flouting anti-money laundering rules.
The bearish run of oil prices- a key driver of economic growth in the region- has largely affected the IPO activity.
Average rents across the emirate are down 1.5 per cent compared to the same time last year, says Cluttons’ latest report.
Research found Saudi Arabia’s share of Chinese crude imports dropped to just over 30 per cent in May from 36.5 per cent in April.
Home values slipped 0.8 per cent in the first quarter, leaving average prices 0.5 per cent lower than a year earlier and 19.4 per cent below the 2008 peak, a new report says.
The Dubai-based company has said that the IPO for EHG will be dependent on the right market conditions.