February 18, 2000

			KING FAHD: TALKS WITH THE ALGERIAN PRESIDENT WERE PREVAILED BY MUTUAL UNDERSTANDING AND THE DESIRE TO STRENGTHEN BILATERAL RELATIONS. SAUDI CABINET STRONGLY CONDEMNS ISRAEL'S AGGRESSION AGAINST LEBANON AND URGES THE INTERNATIONAL COMMUNITY TO DENOUNCE IT.   KING FAHD PRESIDES THE SUPREME COUNCIL FOR PETROLEUM AND MINERAL RESOURCES AND CONFIRMS THAT THE CITIZENS ARE THE REAL WEALTH OF THE COUNTRY.   IN A PRESS CONFERENCE PRINCE KHALED AL FAISAL DECLARES THE NAMES OF THE WINNERS OF KING FAISAL INTERNATIONAL PRIZE: THE WINNERS ARE: AL-AZHAR AND HIGH ACHIEVERS IN THE FIELDS OF ISLAMIC STUDIES, STUDIES IN ANCIENT ARAB LITERAY CRITIQUE, MEDICINE AND BIOLOGY.   FOLLOWING THE TALKS OF CUSTODIAN OF THE TWO HOLY MOSQUES AND CROWN PRINCE ABDULLAH WITH THE ALGERIAN PRESIDENT: BOUTEFLIKA PRAISES KING FAHD'S STANCE REGARDING THE EFFORTS TO RESTORE NATIONAL RECONCILATION IN ALGERIA.   THE CELEBRATIONS FOR CHOOSING RIYADH CAPITAL OF ARAB CULTURE EMPHASIZE THE DIFFERENT STAGES OF ITS DEVELOPMENT. RIYADH IS THE MOST POPULATED CITY IN THE ARAB PENINSULA.   SAUDI ARAMCO ESTABLISHES A NEW COMPANY TO TAKE OVER KHAFJI FIELD FROM THE JAPANESE COMPANY. DURING THE TALKS, TOKYO DISREGARDED THE KINGDOM'S INTERESTS AND ITS OFFERS DID NOT MATCH THE SAUDI CONDITIONS.   GCC OIL MINISTERS MEET IN RIYADH TO UNIFY THEIR POSITIONS. NO DECISION HAS BEEN TAKEN YET BY THE US TO PUMP SOME OF ITS STRATEGIC RESERVES INTO THE MARKET.   EDITORIAL: BARAK THE FAILED SOLDIER IN THE GOVERNMENTAL FIELD.   IN BRIEF