Saudi Press

Saudi Arabia and the world
Wednesday, Jan 15, 2025

Iran's President to Visit Iraq Amidst Regional Turmoil, Saudi Aramco Adjusts Oil Prices, and Humanitarian Efforts Continue in Yemen

Iran's President to visit Iraq to boost cooperation and security.
Iran's President Masoud Pezeshkian will visit Iraq on Wednesday, marking his first foreign trip since taking office in July, aimed at strengthening cooperation and security through important agreements with Iraqi officials.

Meanwhile, in Algeria, election violations were reported during the presidential race, casting shadows over the likely re-election of military-backed President Abdulmadjid Tebboune for a second term.

Turning to the West Bank, a tragic incident involving the death of 26-year-old American Aysenur Ezgi Eygi during a protest against illegal settlements has sparked criticism over the perceived double standards in U.S. responses to such events.

In economic news, Saudi Aramco has cut its October pricing for Arab Light crude oil to Asian buyers amidst falling Brent crude values, adjusting prices for other regions while OPEC+ delays production quota reductions.

Despite the oil market adjustments, Saudi Arabia's non-oil economy saw a robust 4.9% growth in the second quarter of 2024, driven by strong investments under Vision 2030, even as the overall GDP experienced a slight decline.

Lastly, on a humanitarian note, Saudi Arabia’s Project Masam has successfully cleared 766 explosive devices in Yemen last week, continuing its crucial efforts to ensure civilian safety across various regions since its launch in 2018.
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