Russian price cap yields no benefits yet; Saudis in disbelief
The effectiveness of European sanctions on Russian crude and pricing limit measures has not yet produced concrete outcomes, according to Saudi Arabia’s energy minister Prince Abdulaziz bin Salman, and its implementation is still not evident.In an effort to restrict Moscow’s willingness to fund its conflict in Ukraine, the West established the Council of 7 price…
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Between Putin and Biden, Riyadh caught in an economic crossfire
Insiders revealed that the oil production surges decision made by OPEC+ in June, which had Saudi Arabia backing it up with fervor, had the subtle motive that U.S. authorities wanted more oil but less involvement from Russia. U.S. President Joe Biden is scheduled to visit the Middle East, including Riyadh next month, flagging the trip…
Deloitte launches e-commerce Bootcamp under the patronage ministry in Saudi Arabia
Deloitte has launched an e-commerce bootcamp program, to upskill Saudi youth’s digital capabilities. This is to enable them to connect, grow, and learn about the latest trends in the e-commerce landscape. This can compound the efforts already in place by KSA, so that the young citizens can be prepared for the digital revolution. And this…