(MENAFN- Saudi Press Agency)
Dr. Al-Awwad said that the Cabinet reviewed topics on its agenda, including issues mutually discussed by Majlis Al-Shura, and concluded the following:
First:
The Cabinet approved an agreement between the Government of the Kingdom of Saudi Arabia and the Government of Turkmenistan, in the domain of security cooperation, co-signed in Riyadh, on 24/07/1437 AH.
Second:
The Cabinet authorized the Minister of Economy and Planning, who is also the Chairman of the General Authority for Statistics, or his deputy, to discuss with the Korean side a draft of Memorandum of Understanding (MoU), in the domain of statistics between the Government of the Kingdom of Saudi Arabia and the Government of the Republic of Korea, sign it and submit the final version, to complete applicable procedures.
Third:
The Cabinet authorized the minister of housing or his deputy to discuss with the Portuguese side a memorandum of understanding on cooperation in the field of housing between the government of the Kingdom of Saudi Arabia and the government of the Republic of Portugal, sign it and forward the final version for further authentication.
Fourth:
The Cabinet approved a memorandum of understanding on scientific and educational cooperation between the ministry of education of the Kingdom of Saudi Arabia and the ministry of higher education and scientific research of the Islamic Republic of Mauritania, which was signed in the city of Riyadh on 16/2/1438 H.
Fifth:
The Cabinet approved authorizing the President of the Saudi Press Agency or his deputy by the minister of culture and information to discuss with the South African side a draft memorandum of understanding on cooperation and news exchange between the Saudi Press Agency and the South African news agency, sign it and forward the final version for further authentication.
Sixth:
Based on a report submitted to the meeting by the minister of finance and after having seen a recommendation of the Economic and Development Affairs Council No. 50-1/38/D dated 5/8/1438 H., the Cabinet approved applying two resolutions set by the Gulf Cooperation Council Supreme Council issued at its 37th session held in Bahrain on 7 and 8/3/1438 H. approving the exchange of credit information among the GCC countries as per a short term working plan as well as the comprehensive framework for the mechanism to facilitate the exchange of credit information among the GCC countries based on reciprocal treatment, starting with establishments and corporates.
The Cabinet also approved the establishment and building of a system to link the payments systems in the GCC countries with each other. The Cabinet authorized the GCC monetary agencies and central banks to own and finance the project through an independent company owned and financed by the GCC monetary agencies and central banks.
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01:09 LOCAL TIME 22:09 GMT
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