RIYADH: Saudi ministers on Tuesday welcomed the completion of the UN’s work to remove oil from a stricken tanker in the Red Sea. The UN announced on Friday that it had successfully removed more than a million barrels from the FSO Safer, averting what could have been a massive environmental disaster. Saudi Arabia, which has been one of the leading voices in calling for action on the tanker, said it appreciated the work of the UN and the Coalition to Restore Legitimacy in Yemen. During the weekley meeting chaired by Crown Prince Mohammed bin Salman in Jeddah, the Cabinet reiterated interest in strengthening economic and investment ties with various countries in accordance with Saudi Vision 2030 and the unprecedented opportunities it entails in different areas. It also commended the agreements signed between the Kingdom and various countries in Latin America in this regard. The ministers backed the Kingdom’s emphasis, during the second G20 Anti-Corruption Ministerial Meeting held in India, on the success of the Riyadh Initiative for Enhancing International Anti-Corruption Law Enforcement Cooperation.  They also commended the joining of over 161 anti-corruption agencies representing 90 countries to the initiative’s Global Operational Network of Anti-Corruption Law Enforcement Authorities (GlobE Network). The Cabinet praised the outcomes of the international Islamic conference hosted by the Kingdom within the framework of its keenness to serve Islam and Muslims, and its active role in consolidating solidarity and cooperation between Islamic countries in combating extremist ideas and promoting values of tolerance and coexistence.  Locally, the Cabinet approved the establishment of an agency named the Insurance Authority and an institute under the name the National Institute for Health Research. Governor of the Saudi Central Bank said the that new Insurance Authority will work to develop the insurance sector by providing the appropriate environment to create strong insurance entities capable of competition and growth. It will also support the stability of the insurance sector in particular, and the national economy in general, and ensure that the interests of beneficiaries and policyholders are not affected, the governor said. The Minister of Health said that the National Institute for Health Research will contribute to attracting health investments, supporting scientists and researchers and enhancing health security.