Custodian of the Two Holy Mosques chairs Cabinet's session 2

spa - The Cabinet emphasized the need for balance in the oil market for the benefit of producers and consumers and guaranteeing the continuation of investment in this vital sector for the safety and growth of the world economy.

The Cabinet underlined the kingdom's concern for the
stability of the oil market, saving it from severe fluctuations,
meeting the need of the market and the kingdom's continued commitment
to cooperate with all OPEC and non-OPEC producers and intensify
dialogue with consumers for this purpose.

The Cabinet valued the directives of Custodian of the Two Holy
Mosques to deposit SR10 billion in the account of the Saudi Bank for
Credit and Saving to enable the bank to meet the needs of the
citizens qualified for borrowing from the bank.

The Minister of Culture and Information said the Cabinet, then,
listened to a report from Prince Naif bin Abdulaziz, the Interior
Minister, on the fifth meeting of the interior ministers of Iraq's
neighboring countries which was held in the Jordanian capital, Amman,
on Thursday. The Cabinet stressed the kingdom’s constant support for
maintaining Iraq's safety, unity, full national sovereignty and Arab
Islamic identity and efforts aiming at realizing security and
stability on its soil.