cabinet commends opec efforts to stabilize market
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Cabinet commends OPEC efforts to stabilize market

Arab Today, arab today

Arab Today, arab today Cabinet commends OPEC efforts to stabilize market

Vice Custodian of the Two Holy Mosques Prince Mohammed bin Naif chairs the weekly Cabinet meeting in Riyadh on Monday.
Riyadh - Arab Today

The Council of Ministers, chaired by Vice Custodian of the Two Holy Mosques Prince Mohammed bin Naif, met Monday at Al-Yamamah Palace to discuss several issues, with the lion’s share being taken by the official visit of Custodian of the Two Holy Mosques King Salman to four Gulf states. 
The tour of the United Arab Emirates, Qatar, Bahrain and Kuwait is part of the continuous contacts King Salman has been making with the leaders of the Gulf Cooperation Council (GCC) states, contacts that work in the best interest of the people of these countries and that lead to enhanced fraternal ties among them.
The Cabinet, which reviewed a number of issues and recent regional and international developments, was briefed on the outcome of the ministerial level meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna last week.
The Cabinet praised the efforts of the participants in the Vienna meeting who worked to restore stability to the international oil market, and the cooperation shown by non-OPEC members in cutting oil production to balance and stabilize the oil market.
This cooperation will not only stabilize the oil market, but will also further contribute to securing investments in the long term, which will positively reflect on the global economy and oil-consuming countries, said the Cabinet.
On the occasion of the International Day for Solidarity with the Palestinian People, the Cabinet called on the international community to render justice to the Palestinians and stop Israel’s oppressive policies against the people under its occupation.
The Cabinet commended the outcome of the 35th meeting of the GCC interior ministers, saying that it will boost the security efforts of the GCC countries and expand cooperation with a view to preserving the security, development and stability of the member states.
It also praised the 7th Bosphorus Summit, in Istanbul, where Saudi Arabia was a guest of honor and signed a series of investment cooperation agreements with the Turkish side.
The Cabinet expressed appreciation for the opening of the exhibition “Roads of Arabia” exhibition by King Salman at the King Abdulaziz International Cultural Center in Dhahran, and praised Saudi Arabia’s participation in the international conference on safeguarding endangered cultural heritage, which was recently convened in Abu Dhabi.
At the outset of the Cabinet meeting, the deputy custodian of the Two Holy Mosques thanked King Salman for laying the foundation stone of many developmental and industrial projects in the Eastern Province, stressing that these projects, which cover the health, agriculture, industry, education, transportation and housing fields, in collaboration with the private sector, including Saudi Aramco, the Royal Commission for Jubail and Yanbu and SABIC, are proof of the care given to citizens throughout the Kingdom and emphasize the strength of country’s economy in an atmosphere of security and stability.
The vice custodian of the Two Holy Mosques also thanked the king for approving a recommendation of the Council of Economic and Development Affairs to allocate SR1 billion from the treasury to the Public Investment Fund in order to diversify the investment portfolio.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cabinet commends opec efforts to stabilize market cabinet commends opec efforts to stabilize market

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cabinet commends opec efforts to stabilize market cabinet commends opec efforts to stabilize market

 



GMT 23:24 2017 Tuesday ,24 January

Mofida Shiha prefers social TV programs to politics

GMT 21:23 2017 Sunday ,13 August

Fierce clashes between Daesh, SDF in Raqqah

GMT 19:31 2017 Monday ,16 October

Azhar Imam, Mufti to inaugurate international Fatwa

GMT 18:33 2017 Tuesday ,28 March

S. Korea Preparing for N. Korean ICBM Launch

GMT 23:39 2017 Tuesday ,19 September

Iran recruits Afghans, Pakistanis to fight in Syria

GMT 03:51 2017 Saturday ,11 November

'Lazarus' Daly says recovery no miracle

GMT 13:30 2017 Friday ,17 February

Four killed in Kashmir Gun battle

GMT 18:51 2017 Friday ,17 November

FIA WEC Bapco 6 Hours of Bahrain weekend starts
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday