The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud chaired the Cabinet's session held on Tuesday afternoon at Al-Salam Palace in Jeddah. At the outset of the session, the Cabinet was briefed on the content of the recent talks and meetings that took place between Saudi Arabia and a number of countries, including the two letters received by the Custodian of the Two Holy Mosques and HRH the Crown Prince from the Emir of the State of Kuwait and the President of the Federal Republic of Nigeria. This is in addition to the content of the meetings that took place between HRH the Crown Prince, the Prime Minister of the State of Kuwait, and the President of the European Council. The Cabinet hailed the relations that bind the Kingdom of Saudi Arabia with those countries and peoples and everyone's keenness to develop and strengthen the relations in various fields. The Cabinet then reviewed a number of current regional and global issues, reiterating the content of Saudi Arabia's delivered speech at the Seventh Congress of the Leaders of World and Traditional Religions held in Kazakhstan. Saudi Arabia affirmed its support for international efforts to combat extremism and highlighted its effective contribution to promoting communication between civilizations and cultures, through the lofty Islamic message, which is based on peace, justice, tolerance and moderation. In a statement to Saudi Press Agency (SPA), Acting Minister of Media Dr. Majed Al-Qasabi said that the Cabinet addressed a number of reports on regional and international conferences and forums hosted by Saudi Arabia during the week, where holding these events comes as a part of its efforts to keep pace with developments, contribute to facing challenges, investing opportunities and utilizing potentials and energies to achieve mutual benefits and desired goals and aspirations. The Cabinet in this regard commended outcomes of the 2nd edition of the Global AI Summit, including the signing of 40 agreements and memorandums of understanding between the public and private sectors from Saudi Arabia and abroad, as well as the announcement of eight local and international initiatives to enhance international cooperation, as this reflects Saudi Arabia's keenness to benefit from this vital sector to achieve development and become a leading global model in building knowledge economies to serve present and future generations and achieve the objectives of the Kingdom's Vision 2030. The Cabinet welcomed the establishment of the headquarters of the Digital Cooperation Organization in Riyadh, expressing Saudi Arabia's keenness to support all initiatives in this field, and all efforts that contribute to supporting innovation, youth, women, and entrepreneurs, and promote investment in the digital economy in accordance with national plans. The Cabinet stated that the positive assessments of the credit rating agencies on Saudi Arabia's economy reflect the effectiveness of the economic reforms taken by the government within the framework of the Fiscal Sustainability Program, which focuses on developing the medium-term fiscal planning mechanism to sustain the public finances and achieve a balanced budget, while maintaining economic growth rates via diversifying revenue sources, raising the efficiency of government spending, and stimulating the private sector. On the occasion of the 92nd Saudi National Day, which falls this year on Friday, September 23, the Cabinet thanked Allah Almighty for honoring this country with serving the Two Holy Mosques and for its dignity, empowerment, noble values, and loyal people, affirming the keenness to move forward in strengthening the process of building and progress, and consolidate its status and leadership among the nations of the world. The Cabinet was briefed on a number of issues on its agenda and issued the following decisions: First: Authorizing the Minister of Foreign Affairs – or a deputy – to negotiate with the Nepalese and the Bolivian sides on two draft memoranda of understanding regarding political consultations between the Ministry of Foreign Affairs of the Kingdom of Saudi Arabia and each of the Ministry of Foreign Affairs of the Federal Democratic Republic of Nepal and the Ministry of Foreign Affairs of the Plurinational State of Bolivia, sign them and refer the final two signed copies to proceed with formal procedures. Second: Approving the establishment of diplomatic relations between the Kingdom of Saudi Arabia and the Commonwealth of The Bahamas at the level of an ambassador (non-resident), and authorizing the Minister of Foreign Affairs – or a deputy – to sign the necessary draft protocol. Third: Authorizing the Minister of Culture – or a deputy – to discuss with the South African side a draft memorandum of understanding for cooperation in the fields of culture and arts between the Ministry of Culture of the Kingdom of Saudi Arabia and the Ministry of Sport, Arts and Culture of the Republic of South Africa, sign it and refer the final signed copy to proceed with formal procedures. Fourth: Authorizing the Minister of Culture – or a deputy – to discuss with the Mexican side a draft memorandum of understanding for cooperation in the cultural field between the Ministry of Culture of the Kingdom of Saudi Arabia and the Ministry of Culture of the United Mexican States, sign it and refer the final signed copy to proceed with formal procedures. Fifth: Authorizing the Minister of Industry and Mineral Resources – or a deputy – to discuss with the Australian side a draft memorandum of understanding between the Ministry of Industry and Mineral Resources of the Kingdom of Saudi Arabia and the Ministry of Resources and Water of Australia to cooperate in the field of mineral resources, sign it and refer the final signed copy to proceed with formal procedures. Sixth: Transforming the Projects Management Office of Jeddah Governorate - established in Clause (Third) of Royal Decree No. (22305), dated 5/4/1441 AH, into a body called (Jeddah Governorate Development Authority), and the Authority's Board of Directors is chaired by His Royal Highness the Crown Prince and Deputy Prime Minister, and the membership of the Governor of Makkah Region, the Deputy Governor of Makkah Region, the Minister of Culture, the Governor of Jeddah, the Minister of Commerce, the Minister of Tourism, the Governor of the Public Investment Fund, Eng. Ibrahim bin Mohammed Al-Sultan, and the Mayor of Jeddah Governorate. Seventh: Appointing Princess Sarah bint Musaed bin Abdulaziz Al Saud, Princess Nouf bint Mohammed bin Abdullah Al Saud, Dr. Huda bint Mohammed Al-Amil and Dr. Ilham bint Mansour Al-Dakhil as members of the Family Affairs Council as specialists in children, women, and elderly affairs. Eighth: Approving promotions to the 15th and 14th ranks and appointments at the ranks of (Ambassador) and (Minister Plenipotentiary). The Cabinet also reviewed several issues on its agenda and took necessary procedures regarding them.