UNDP, a U.N. agency with about $5billion in donor contributions a year, was seeking to boost investments in remote rural areas
The moves would be the first in a broad restructuring planned for Saudi Arabia's biggest builder
It is not yet clear whether the new system would reduce the state's overall subsidy burden, they said.
Novak said the meeting could take place either next week or the week after.
Participants believe move could inject impetus into a thus-far moribund regional derivatives market
Novak also said he believed average oil prices would stand at over $60 per barrel in 2018.
Rupee depreciation has resulted in a substantial increase in remittances to India.
Net foreign assets at Bahrain's central bank rebounded last month after dropping to a seven-month low in March.
Wealth-X Billionaire Census finds Dubai retains its place among the 10 top cities where the world's wealthiest reside
Saudi Arabia ranks second in the world for pricing of goods and services, according to IMD survey.