The delay in the start-up of the plant was due to construction work falling behind the original timetable, a statement to the Saudi stock market said.
The purchase of Vela paves the way for a deal which makes Bahri the world’s fourth-largest owner of very large crude carriers (VLCCs).
The investment will be conducted through Egypt’s International Company for Agro-Industrial Projects.
King Abdullah, on his way home from Morocco, did not leave his plane, which was on the ground at Cairo airport for just over an hour.
Nomura Asset Management and Lazard Asset Management have opened new offices in Dubai this year.
King Abdullah Economic City, the Kingdom’s mega project, is shifting focus to become a local tourism hub from its initial plans of being a financial centre.
The amount represents a five-fold increase compared to the same period (June 12 – June 15) in 2013, said Visa.
Populist politician Geert Wilders published stickers critical of Islam in the green and white colours of the Saudi flag last December.
King Abdullah will stop off in Cairo for just a few hours on his way home from a visit to Morocco, Saudi sources said.
Iraqi Prime Minister Nuri al-Maliki has said that the Kingdom backs Sunni militants ISIL.
Al Rajhi is the Kingdom’s biggest listed lender and the world’s largest Islamic bank,
The project will be developed on a build, own, transfer (BOT) basis with a total investment of $2 billion, ACWA said.
The loan has a lifespan of 15 years but there is a grace period of ten years before repayments begin, a statement to Riyadh’s bourse said.
According to the report, 3.3 per cent of UAE households hold private wealth of at least $1million.
The toughening of rhetoric about Iraq by the Gulf’s two top powers suggested that they have put on hold plans to explore a curbing of their rivalry across the region’s Sunni-Shi’ite sectarian divide.
Saudi Arabia is one of the important US allies in the fight against terror funding in the region.
The minister urged nations racked by violence to meet the “legitimate demands of the people and to achieve national reconciliation (without) foreign interference or outside agendas”.
The country’s net foreign assets are currently worth about $730 billion.
The virus has been reported in more than 800 patients worldwide, mainly in Saudi Arabia.
The agreement will facilitate joint investments by both organisations in clean energy projects and green technology investment funds.
The threat has been issued by Anonymous, a politically motivated group of hacktivists, according to Symantec.
In a statement, the Kingdom blamed the crisis on years of “sectarian and exclusionary” policies.
The monthly salaries being offered for these jobs ranged from SAR4,000 to SAR10,000, according to a report by Riyadh Chamber of Commerce and Industry.
Saudi health sources and international virologists have highlighted poor communication, lack of accountability and inadequate state oversight in the Kingdom.
The OPEC meetings since 2012 have produced no policy change.
The petrochemical company has over 10,000 patents either issued or pending approval.
The 630, priced at Dhs599, and the 930, priced at Dhs2199, are the first Lumia devices that run Microsoft’s Windows Phone 8.1.
The Kingdom’s central bank, SAMA, has long managed the country’s investment of oil surpluses abroad.
Sipchem recently ended merger talks with Sahara Petrochemical.
The Berri gas plant includes three gas-oil separation plants, five new and 10 upgraded offshore platforms, 35 drilling islands and a 140MW co-generation plant.