The Cabinet meeting, chaired by Custodian of the Two Holy Mosques King Abdullah, made the comment while reviewing the resolutions taken by a meeting of GCC foreign ministers in Riyadh a day earlier.
Yemen's President Ali Abdullah Saleh on Sunday refused for the third time to sign a GCC-brokered power transition deal, prompting the six-member group to suspend mediation in Yemen.
Earlier, King Abdullah briefed the ministers on the outcome of his telephone conversations with Field Marshal Mohamed Hussein Tantawi, head of the Egyptian military council, and King Juan Carlos of Spain.
The Cabinet denounced the Israeli government's decision to construct 1,500 housing units in occupied East Jerusalem and said the move would block the resumption of Middle East peace negotiations.
"We hope the international community will exert serious efforts to resume peace talks and move quickly to establish a Palestinian state based on 1967 borders with Jerusalem as its capital," the Cabinet said.
Culture and Information Minister Abdul Aziz Khoja said King Abdullah urged the ministers to implement the many welfare and development projects in various parts of the Kingdom without delay.
The Cabinet appointed Fahd Al-Samari, Ahmed Al-Saif, Saad Al-Marek, Abdul Aziz Al-Suqair, Abdul Kareem Abu Al-Nasr, Mazeed Al-Mazeed and Abdul Khaliq Al-Sahli as board members of Saudi Commission for Tourism and Antiquities for three years.
The Cabinet decided to sign an agreement with Morocco for the avoidance of double taxation and prevention of tax evasion and also a memorandum of understanding with Japan for management of water and sewage water.
Khoja said the Cabinet reshuffled the board of directors of the General Organization for Social Insurance (GOSI) inducting seven new members. Abdul Rahman Al-Rashid and Samir Al-Tabib will continue as GOSI board members for three more years.
"The Cabinet also decided to sign an agreement with Kazakhstan's National Space Agency to use space for peaceful purposes," Khoja said. The meeting appointed Ahmed Al-Munifi undersecretary at Baha governorate. He will retire on June 3 and be replaced by Hamid Al-Shammari. Fahd Al-Ajlan has been appointed director general for follow-up at the Interior Ministry and Hisham Al-Suwailem minister plenipotentiary at the Foreign Ministry.
Meanwhile, King Abdullah received the newly appointed chief of staff Gen. Hussain Al-Qabil, his deputy Gen. Abdul Rahman Al-Murshid and Gen. Khaled bin Bandar, commander of the land forces, as well as Abdullah Al-Dharrab, new governor of the Communications and Information Technology Commission.
