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GCC, OPEC Leaders Discuss Ways to Strengthen Energy Sector

Secretary General of the Gulf Cooperation Council (GCC) Jassem Mohamed Albudaiwi.
Secretary General of the Gulf Cooperation Council (GCC) Jassem Mohamed Albudaiwi.
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GCC, OPEC Leaders Discuss Ways to Strengthen Energy Sector

Secretary General of the Gulf Cooperation Council (GCC) Jassem Mohamed Albudaiwi.
Secretary General of the Gulf Cooperation Council (GCC) Jassem Mohamed Albudaiwi.

Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi and Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Haitham Al Ghais held on Sunday a meeting to discuss ways to strengthen the energy sector, particularly energy security.

The discussion was prompted by the rapid regional and international developments affecting global energy markets, aiming to boost the stability of global oil market prices.

The meeting took place during the World Economic Forum (WEF) Special Meeting on Global Collaboration, Growth, and Energy for Development in Riyadh.

Various issues were discussed, with a particular emphasis on OPEC's role in supporting the global oil market. The officials also explored ways to bolster cooperation to serve their common interests, while reviewing the latest regional and international developments.

Albudaiwi commended OPEC's valuable efforts and its major and vital role in maintaining the stability and balance of oil markets. He also acknowledged OPEC's readiness to face future challenges in coordination with member states.

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Saudi Arabia Welcomes Ceasefire in Lebanon

A resident walks amid the destruction in the southern Lebanese village of Zibqin on November 27, 2024, as people who had fled the war between Israel and Hezbollah returned to check on their homes after a ceasefire between the warring sides took effect. (AFP)
A resident walks amid the destruction in the southern Lebanese village of Zibqin on November 27, 2024, as people who had fled the war between Israel and Hezbollah returned to check on their homes after a ceasefire between the warring sides took effect. (AFP)
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Saudi Arabia Welcomes Ceasefire in Lebanon

A resident walks amid the destruction in the southern Lebanese village of Zibqin on November 27, 2024, as people who had fled the war between Israel and Hezbollah returned to check on their homes after a ceasefire between the warring sides took effect. (AFP)
A resident walks amid the destruction in the southern Lebanese village of Zibqin on November 27, 2024, as people who had fled the war between Israel and Hezbollah returned to check on their homes after a ceasefire between the warring sides took effect. (AFP)

Saudi Arabia welcomed on Wednesday the ceasefire in Lebanon, hailing the international efforts that helped achieve it.

In a statement, the Foreign Ministry hoped the ceasefire would lead to the implementation of United Nations Security Council Resolution 1701, preserve Lebanon’s sovereignty, security and stability, and ensure the safe return of the displaced to their homes.

The Muslim World League (MWL) welcomed the ceasefire, commending all efforts that contributed to ending the conflict and expressed its hope for continued security and stability for Lebanon and its people under its national sovereignty.

The Organization of Islamic Cooperation stressed the need for all parties to commit to the ceasefire agreement through the full implementation of Resolution 1701.

OIC Secretary General Hissein Brahim Taha underscored his full support for Lebanon’s stability and the right of its state to exercise its sovereignty across all Lebanese territories.

He called for humanitarian aid to meet the needs of those affected and for reconstructing what was destroyed in the war.

Moreover, he hoped that the ceasefire in Lebanon would pave the way for an immediate halt to the Israeli assault on Gaza and all occupied Palestinian territories.