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

SPA - The Cabinet also valued the kingdom's effective participation in the summit of the group of 20 and its pivotal role in boosting the world economy through its balanced oil policy and its management of its financial resources.

The Cabinet stressed the kingdom's intention to take all steps necessary to protect the stability of the national
economy and its gains and to maintain the strength of national
economic institutions in view of the international financial crisis
and slowdown of growth of world economy.

The cabinet affirmed the role of the private sector and the media in
providing accurate information on the situation of the market and
reassuring citizens on their savings and investments and that they
will not be mishandled.
The Minister of Culture and Information said then, the Cabinet
reviewed the situation of shipping in the Red Sea and Arab Sea, the
increase of piracy in these waters and what measures to take to
prevent the continuation of piracy and eradicate it once and for all.
The Cabinet also reviewed the clear contradiction between the
statements of the Israeli government's officials on the peaceful
settlement of the Palestinian cause and the siege and torture in Gaza
practiced by Israeli occupation forces. The Cabinet also emphasized
the urgent need for the Palestinian leaders to realize the
consequences of the continued Palestinian division and not responding
to sincere Arab efforts to end that division.
The Minister of Culture and Information said the Cabinet followed
with utmost care the arrival of pilgrims at the holy places and the
services provided to them by government and non-government sectors.
In this context, the Cabinet listened to the directives of the
Custodian of the Two Holy Mosques on exerting utmost efforts to put
all capabilities at the service of pilgrims to enable them perform
this great pillar comfortably and smoothly