The Vice Custodian of the Two Holy Mosques, Prince Sultan bin Abdulaziz Al Saud chaired the Cabinet session held at Al-Salam Palace here today. At the outset of the session, the Vice Custodian of the Two Holy Mosques highlighted the leading position of the Kingdom of Saudi Arabia at Arab and international level under the leadership of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud, stressing that the participation of the Custodian of the Two Holy Mosques in the G20 Summit held in Canada reflects this position as well as the prudent economic policy adopted by the Kingdom. Prince Sultan bin Abdulaziz commended the meetings and consultations the Custodian of the Two Holy Mosques held with the leaders of G20, praising the speech King Abdullah bin Abdulaziz Al Saud delivered at the G20 Summit. In his speech, the Custodian of the Two Holy Mosques addressed the global economic conditions, financial systems and developments in oil markets, support for developing countries (particularly the poor countries), and international trade issues. King Abdullah bin Abdulaziz also stressed the importance of reforming global financial systems to avert global economic crises in the future. The Kingdom of Saudi Arabia took several measures in the field of fiscal and monetary policy in order to address the global financial and economic crisis, King Abdullah bin Abdulaziz said. In a statement to the Saudi Press Agency (SPA) following the session, the Acting Minister of Culture and Information Dr. Yusuf bin Ahmed Al-Othaimeen said the Cabinet listened to a report on regional and international developments. In this regard, the Cabinet expressed the Kingdom's condemnation of the decision taken by the Israeli government to demolished 22 Palestinian houses north of the occupied city of Al-Quds. The Kingdom condemned this decision as part of the Israeli policy of settlement expansion. On the occasion of World Drug Day which fell on June 26, the Cabinet called for joint regional and international efforts to combat this scourge, raise awareness of its dangers, and protect the societies from this evil. The Cabinet hailed the outstanding efforts exerted by the Council of Arab Interior Ministers to combat drugs. --More
