Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud chaired today the Cabinet meeting at the Royal Court in Al Yamamah Palace in Riyadh At the outset of the session, the Custodian of the Two Holy Mosques briefed the cabinet on the discussions, consultations, meetings and contacts he made over the past few days with leaders and envoys of friendly countries including his meeting with Yemeni President Ali Abdullah Saleh which reflected the bilateral strong and fraternal relations between the two countries. He also briefed the cabinet on the phone calls he received from President of Egypt Hosni Mubarak and Palestinian President Mahmoud Abbas. In a statement to the Saudi Press Agency (SPA) following the session, Minister of Culture and Information Dr. Abdulaziz bin Moheiaddin Khoja said the Cabinet also reviewed the recommendations of the emergency meeting of the Organization of Petroleum Exporting Countries (OPEC) including the recommendation of maintaining the current level of output. He added that the cabinet reasserted that the fair oil price per barrel should be $75-80, hailing OPEC's interest in enhancing the growth of world economy. --More
