|Crown Prince Sultan bin Abdulaziz chaired the weekly Cabinet meeting in Riyadh today.|
The session began with a briefing on the latest consultations between the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz and several foreign leaders. Crown Prince Sultan noted that last week King Abdullah met with President Asif Ali Zardari of Pakistan and spoke by phone with US President-elect Barack Obama, whom the Cabinet wished success.
The Cabinet welcomed the World Food Program’s decision to award King Abdullah the “Champion of Fighting Poverty” certificate in appreciation of his humanitarian efforts around the world. It also reaffirmed the Kingdom’s global commitment to fighting climate change.
The Cabinet reviewed the outcome of the 27th annual Gulf Cooperation Council meeting in Doha, during which member countries stressed the importance of regional security cooperation. The Cabinet emphasized its firm stance against extremism and violence, reiterating its support for regional and international efforts to fight terrorism.
The Cabinet extended an agreement between the Kingdom and France aimed at avoiding double taxation on income and inheritances. Moreover, it expressed support for enhanced cooperation between the two countries in the oil, gas and mineral sectors. An agreement between Saudi Arabia and Finland regarding mutual promotion and protection of investments was also authorized.
Several other measures were approved, including a national strategy for combating illegal drugs and the establishment of diplomatic relations with Ecuador and Andorra.