Information Minister Dr. Fouad Al-Farsi reported that King Fahd then focused on economic issues underlined the importance of going ahead in the path of economic integration in the Arab world, in this era that is characterized by economic blocs in the various parts of the world.
Reviewing the Middle East peace, King Fahd reiterated the concern of all Arabs on enhancing the pillars of just and comprehensive peace, stating that this will benefit not only the countries of the region, but those of the entire world. The cabinet expressed satisfaction over the decision of Iraq to resume cooperation with the United Nations Special Committee in line with the UN resolutions in this respect. King Fahd then briefed the cabinet on the contents of the messages he had earlier received from King Hussein of Jordan and President Ibrahim Barid of Niger, and on the outcome of his talks with Jordanian Prime Minister Fayez Al-Tarawna and Lebanese Prime Minister Rafiq Hariri. The King highlighted the existing deep-rooted relations between Saudi Arabia and the other Arab and Muslim countries, and emphasized the Kingdom's inalienable policy in respect of avocation for Arab and Muslim causes.
The cabinet, after review of domestic topics, issued a number of resolutions, including formation of a technical office for industry. This new Presidency will be composed of two members from the Ministry of Industry and Electricity, one of whom should be President; two members from the Ministry of Finance and National Economy, one of whom should be Deputy President; one member from the Saudi Consulting House, and one member each from the ministries of Planning, and of Commerce.