2004 News Story

Cabinet: economy, mideast, Kyoto Protocol

Deputy Prime Minister and Commander of the National Guard Crown Prince Abdullah bin Abdulaziz today chaired the regular weekly meeting of the Council of Ministers, and wished all success for the 25th Summit of Gulf Cooperation Council (GCC) currently in progress in Bahrain.  Crown Prince Abdullah also briefed the Cabinet on the meetings between Custodian of the Two Holy Mosques King Fahd and a number of leaders who visited the Kingdom lately, including King Hamad bin Isa Al-Khalifa of Bahrain, UEA President Sheikh Khalifa ibn Zayed Al-Nahayan, Chairman of the Executive Committee of the Palestine Liberation Organization Mahmoud Abbas and Palestinian Prime Minister Ahmed Qorei. The discussions with these leaders focused on developments in the Arab world and the international situation.

The Cabinet reviewed the contents of the state's general budget for fiscal year 1425/1426H and its impact on the Saudi people and economy.
On the situation in Palestine, the Cabinet strongly condemned Israel's continuous aggression against the Palestinian people and called on the international community to take a firm and conclusive stand to halt Israel's escalatory practices which lead to more violence and instability in the region.
On Iraq, the Cabinet emphasized the importance of halting the violence which is claiming innocent lives and destroying the country’s infrastructure.  The Cabinet appealed for Iraqis to unite to confront the obstacles which threaten the nation’s stability, security, and sovereignty.
On the domestic front, the Cabinet approved the Saudi building code, presented by the Saudi Arabian Standards Organization, and ratified the Kyoto Protocol to the United Nations Framework Convention on Climate Change.