The Kingdom produces more than 10 per cent of the world’s crude.
The Saudi oil minister also said he expected oil prices, that have languished near six-year lows, to improve in the near future.
Washington is also stepping up intelligence sharing with the coalition, which is conducting military airstrikes against Houthi fighters in Yemen.
he Treasury said its sanctions would shut Al-Furqan out of the U.S. financial sector and prohibit Americans from doing business with the organisation.
Potential growth was already slowing in richer economies before the financial crisis due to aging populations and a drop in technological innovation.
They said the attackers took over the base near Manwakh, about 440 km (270 miles) northeast of the capital Sanaa.
A formal law could help develop the country’s bond market and cover any future budget deficits due to low oil prices.
Nathani will remain at the bank during his notice period and ensure a smooth transition to a successor, the lender said.
The lender has urged Islamic finance sector to design proper rules and implement them consistently.
Roy Haddad, WPP’s director of MENA, has been appointed as an interim chairman for the media and advertising group.
Overall the job listings in the Middle East rose 14 per cent year-on-year in March, the index showed.
The syndication was a mix of conventional and Islamic financing structures, a bourse filing said.
The new 400,000 barrel per day refinery had previously started exports of diesel and gasoline.
Kuwait, Saudi Arabia and the United Arab Emirates have provided billions of dollars of aid to Egypt in the past two years.
The airlines’ logos will feature on the team’s shirts, and their branding will also be advertised in the Wankhede Stadium.
Saudi has asked Pakistan to join its military coalition that began conducting air strikes last month against Houthi forces in Yemen.
The bank said it made $312 million in the three months to March 31.
The accused denied all charges by the public prosecution against her, saying that she had a mental illness.
Saudi billionaire Prince Alwaleed tops the 2015 of the top 100 richest Arabs in the world as compiled by Forbes Middle East.
Obama also reiterated the U.S. commitment to address “Iran’s destabilising activities in the region.”
As part of the restructuring plan, Aayan plans to liquidate some of its portfolio of listed Kuwaiti companies.
There has been increased speculation that Mohamed Alabbar may leave Emaar due to his other commitments in the real estate sector.
He said the football governing body had seen “enough” in terms of all the problems and scandals.
UNICEF’s Yemen representative said “many, many children” had been killed in the fighting.
The firm made a profit of SAR306.5 million ($81.7 million) during the first quarter of 2015.
Bankers will make formal presentations to the company this month and Al Watania will decide on who will advise it on its Saudi listing by May.
The developer has launched 306 apartments including a mix of studio, one, two and three bedroom units in the initial phase.
The firm will act as the programme management office consultant (PMOC) for the public transportation project that aims to ease congestion.
The US president said GCC states are struggling with issues such as youth unemployment and “destructive” ideologies.
Joining the Saudi-led coalition could inflame a sectarian conflict in Pakistan, where around a fifth of the population is Shi’ite.