Saudi Press

Saudi Arabia and the world
Monday, Dec 16, 2024

Femicide Outrage in Italy Amid Saudi Arabia’s Economic Growth and Environmental Initiatives

Filippo Turetta Case Ignites Debate on Femicide and Women's Rights in Italy
In Italy, the tragic case of Filippo Turetta, a 22-year-old student facing a potential life sentence for murdering his ex-girlfriend, Giulia Cecchettin, has sparked national outrage and intensified discussions on femicide. This has led to public protests, cultural calls for change, and the establishment of a women's rights foundation by Cecchettin's family.

Meanwhile, in Saudi Arabia, the non-oil private sector is experiencing significant growth, with the Purchasing Managers’ Index rising to 59.0, marking the fourth consecutive monthly increase. This indicates a promising alignment with Vision 2030’s economic diversification efforts, reflecting resilience against inflationary pressures and oil price dependency.

Conversely, Egypt's non-oil private sector shows tentative signs of stabilization despite a minor contraction, as the PMI slightly rose to 49.2. While employment dipped and input prices saw a minimal increase, there is optimism in manufacturing growth offsetting declines in other sectors.

Turning to the global oil market, prices nudged upwards as OPEC+ considered extending output cuts into the first quarter of 2024 amid a complex landscape of surplus supply concerns and U.S. interest rate pressures. Traders watched closely as Brent crude and West Texas Intermediate prices responded to these dynamics.

In Riyadh, the Saudi Green Initiative Forum 2024 kicked off, emphasizing carbon reduction and sustainability, with goals like cutting carbon emissions by 278 million tons annually and planting 10 billion trees. This aligns with Saudi Arabia's broader environmental strategy linked to COP16, demonstrating global and local commitment to sustainable development.

Finally, Riyadh also prepares to host the Global Philosophy Conference from December 5-7, which will gather over 60 thinkers worldwide to explore the intersection of philosophy and quality of life. This intellectual gathering aims to enhance Saudi Arabia’s cultural landscape, providing a platform for dialogue on ethics, health, and the quest for truth and goodness.
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