Saudi Press

Saudi Arabia and the world
Friday, Feb 27, 2026

Key Global Developments: Saudi Oil Price Adjustments, Surging Makkah Tourism, Syrian Conflict Shifts, and Saudi Pro League Highlights

Saudi Aramco Cuts Oil Prices for Asia as Saudi Arabia Sees Tourism Boom and Syria Faces Political Shifts
Starting with energy shifts, Saudi Aramco has strategically reduced the prices of Arab Light crude oil for Asian markets by 80 cents per barrel, showcasing adaptability in the volatile global oil environment and maintaining competitiveness amidst fluctuating demand.

Meanwhile, Saudi Arabia's Makkah region is experiencing an astounding surge in tourism spending, skyrocketing by an impressive 3661% to reach SR111.49 billion in 2023, highlighting the substantial economic transformation driven by tourism activity.

In diplomatic news, foreign ministers from Arab states and the Astana Process nations convened in Doha, emphasizing a unified call for a peaceful resolution to the Syrian conflict, with an urgent plea for halting hostilities and focusing on humanitarian needs.

As Syria stands at a crucial crossroad following the unexpected dissolution of President Bashar al-Assad’s regime, the nation’s Foreign Ministry announces a shift towards democratic transformation, promoting unity and equity as opposition forces take control of Damascus.

Further adding to the Syrian conflict's evolving dynamics, U.S. President-elect Donald Trump claims that Russia has withdrawn its support for Assad, suggesting a significant shift as Assad reportedly flees while opposition forces gain ground in Damascus.

Switching gears to sports, Al Ahli showcased remarkable resilience by defeating Al Taawoun 4-2 in the Saudi Pro League, illustrating the global talent within the league as they turned the game around from a two-goal deficit to an exhilarating victory.
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