The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud chairs the Cabinet's session at Al-Yamamah Palace in Riyadh on Monday afternoon. At the outset of the session, the King expressed, in his name, the Government and the people of the Kingdom of Saudi Arabia, his thanks and appreciation to President Donald Trump of the United States of America and leaders of Arab and Islamic countries who participated in the 17th consultative meeting of leaders of Gulf Cooperation Council (GCC) for Arab States, Gulf-American Summit and Arab-Islamic-American Summit hosted by the Kingdom yesterday, stressing that talks and meetings held at these summits embodied the great concern and determination of all participating countries to contribute to every matter in confronting different challenges and strengthening the foundations of peace, security and stability. The King said that the historic agreement signed by the Gulf Cooperation Council for Arab States yesterday with the United States of America to take firm measures to target the financing of terrorism by establishing a center for combating terrorism financing in Riyadh came as an extension of efforts being exerted to combat terrorism and is based on efforts existing in this regard; and the announcement of the launch of the Global Center for Combating Extremist Ideology aimed at spreading the principles of moderation, countering of tempting young people, fortifying families and societies and counteracting paltry arguments of terrorists because extremism breeds terrorism. The King added that meetings with US President Donald Trump, reviewing historical relations between the two countries and ways of enhancing them in various fields, discussing the latest developments in the Middle East and the world and efforts being exerted for the stability and security of the region, signing the announcement of the joint strategic vision, exchanging of a number of trade agreements and investment opportunities between the two countries exceeding $ 280 billion, discussions between senior officials of the two countries, and economic forums, are considered as a turning point in relations between the two countries and will transfer these relations from the strategic dimension and partnership to the intensification of the levels of consultation, cooperation and coordination in various areas. --More 16:24 LOCAL TIME 13:24 GMT www.spa.gov.sa/1632909