The fund warned the Kingdom to rein in public spending, which has risen 52 per cent annually since 2010 and reached SAR994.7 billion in 2013.
The total value of oil aid to Egypt from Saudi Arabia since July 2013 through September of this year amounted to $5 billion.
On a quarter-on-quarter basis, GDP dropped 3.1 per cent in the second quarter, the biggest fall since the quarterly data series began in 2010.
As per the contract, Drake and Scull will undertake the mechanical, electrical and plumbing works for Al Dara Hospital in Riyadh.
The plant, with an annual production capacity of 1,000 tonnes of plastic moulds, cost around $29.3 million to build.
The company will use the loan to build residential and infrastructure projects in King Abdullah Economic City
The main Saudi index fell 1.2 per cent on Monday, its biggest decline in three months.
A sources said said the Saudis had sent four F-16 fighter jets, the UAE contributed four warplanes, Bahrain two and Qatar a Mirage jet.
Rouhani said that he had no plans to meet with U.S. President Barack Obama while in New York this week.
Saudi has 1.8 mobile subscriptions per person, which means the new firms must likely woo customers from existing operators and that threat could explain their apparent reluctance to cooperate.
The combined capital adequacy ratio of all banks was 17.8 per cent at the end of the second quarter this year, well above the eight per cent minimum specified by Basel standards.
Oil prices in Europe have declined since June as geopolitical concerns wane and key producers pump large amounts into the market.
The United States has been building a coalition to combat Islamic State, which has seized large areas in Iraq and Syria.
Ma’aden earlier said it would seek capital to fund the expansion of its phosphate and gold operations.
The IPO is expected to be one of the largest ever in the Gulf region.
The Saudi leadership remains mistrustful of U.S. President Barack Obama after a series of disagreements following the Arab Spring.
Saudi Tadawul Index liberalisation will usher in a new era of GCC investment, experts say.
The man called on his countrymen to attack not only the ruling family and Westerners in Saudi Arabia, but also the Kingdom’s senior Muslim clergy.
SWCC, also Saudi Arabia’s second largest power producer, now produces 3.6 million cubic meters per day of desalinated water.
A statement from the state-appointed Council of Senior Scholars has also called for prohibiting militant financing.
The Capital Market Authority has issued rules covering such trade and will immediately start receiving requests from companies to conduct it, the authority said.
Saudi Arabia has arrested thousands of suspected militants since al Qaeda supporters waged a wave of attacks on residential compounds for foreign workers and on Saudi government facilities.
Since listing in November 2010 on Bahrain’s index, Alba stock has struggled.
The combined net profits of Saudi Arabia’s leading companies are expected to rise 17 per cent in 2014.
Savola said in August it had held preliminary talks with one of Americana’s largest shareholders about buying a stake in the firm.
State-controlled PTT and Aramco will each own 40 per cent of the project at Binh Dinh’s Nhon Hoi economic zone, with the Vietnamese government holding the remaining 20 per cent.
The wheat is to be shipped in 10 consignments, with 310,000 tonnes for shipment to the port of Jeddah and 300,000 tonnes for the port of Dammam.
Located in Riyadh, the new centre is expected to create 3,000 local jobs for Saudi women.
The company will sell its 30.4 per cent holding in the Masharef project to Kinan International Company for Real Estate Development.
The government’s reluctance to crackdown on expressions of intolerance towards non-Sunnis has raised questions.