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Friday, 2 December 2016

Saudi prince’s ambition for life beyond oil forces Opec deal 

Saudi prince’s ambition for life beyond oil forces Opec deal :
"Opec’s production cut this week to bolster oil prices may strike many as a throwback to an earlier era, but it hinged on a very modern method of communication: a messaging group between the smartphones of Saudi Arabia’s delegation in Vienna and Prince Mohammed bin Salman al-Saud.

For a royal priding himself on being a tech savvy moderniser in the kingdom, the use of a popular encrypted messaging service may seem apt.

However, his involvement in directing the decision in Vienna illustrates a wider truth: Saudi Arabia’s oil policy is now closely entwined not just with the views of the young prince, who has quickly emerged as the most powerful and controversial figure in the kingdom’s economy, but also his political standing."

'via Blog this'