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Ghost of a Chance: Will Saudi Vision 2030 Ever Come True?

Saudi Deputy Crown Prince Mohammed bin Salman's bold "Vision 2030" plan has caught Western observers by surprise; the question remains open if the plan will really transform the Saudi economy or will it be yet another "desert mirage...

The 10 most important things in the world right now

Hello! Here's what you need to know on Monday. 1. Thirty-year-old Deputy Crown Prince Mohammed bin Salman is increasingly calling the shots in Saudi Arabia, pushing out the country's veteran oil minister on Saturday. 2. The huge "Panama Papers" data dump is going public Monday. Show More Summary

This Saudi millennial just cemented his position as one of the most powerful people in the world

Saudi Arabia is desperately trying to diversify its economy away from oil, and the person pulling the strings is 30-year-old Deputy Crown Prince Mohammed bin Salman. King Salman is technically the ruler, but Prince Mohammed is the favoured...Show More Summary

Running on Empty? Why Riyadh's Economy is in 'Dire Financial Straits'

Riyadh is in dire financial straits and there is no guarantee that the Gulf kingdom will be able to overcome the current difficulties; Deputy Crown Prince Mohammed bin Salman's prognosis that Saudi Arabia's economy will be diversified away from hydrocarbons by 2020 is nothing less than wishful thinking, Paul Cochrane wrote.

Saudi prince makes bold challenges to kingdom's old ways

RIYADH (Reuters) - Saudi Deputy Crown Prince Mohammed bin Salman got a standing ovation when he visited a gathering of Saudi youth last month. Last week, after hearing about his economic plans in a meeting with religious leaders, one of the kingdom's most conservative sheikhs tweeted a smiling selfie of himself with the prince.

Saudi Arabia’s Vision: Cut Subsidies to Workers, Middle Class, put Women to Work

Courtney Freer | (The Conversation) | – – Saudi Arabia has released details of its Vision 2030 – an immensely ambitious plan which Deputy Crown Prince Mohammed bin Salman says will end…

Column: Will Saudi Arabia’s plan to overhaul its oil-dependent economy work?

With low oil prices plaguing Saudi Arabia, Deputy Crown Prince Mohammed bin Salman has a plan to wean the country from its almost complete dependence on oil. Photo by Charles Platiau/Reuters The persistence of low oil prices is wreaking havoc in oil-producing nations, and no country is as vulnerable to the crude crunch as the Kingdom of Saudi Arabia. Show More Summary

Saudi Arabia is ‘not ready’ for women drivers, says King Salman’s son Mohammad

Saudi Arabia is not yet ready to end the world’s only ban on women driving cars. Despite moves towards rights for women under King Abdullah before his death, deputy crown prince Mohammed bin Salman Al Saud has said the Saudi community “is not convinced about women driving”. The 30-year-old prince, who has amassed increasing powers […]

Reinventing Saudi Arabia After Oil: The Prince’s $2 Trillion Gamble

last monthNews : Truthdig

Prince Muhammad Bin Salman, 30, the deputy crown prince of Saudi Arabia, laid out his vision for Saudi Arabia on Monday in a plan called “Vision 2030.”

Inside the incredible journey of millennial Saudi Prince Mohammad bin Salman's rise to power

Saudi Arabia's Deputy Crown Prince Mohammed bin Salman has become a very familiar figure to Western economists in the wake of the oil price crisis. Son of the current king of Saudi Arabia, 30-year-old Prince Mohammed has rocked the commodities...Show More Summary

Saudi society will decide if women will be allowed to drive, prince Mohammed

Saudi society, not the government, will determine whether women will be allowed to drive cars, Deputy Crown Prince Mohammed bin Salman said on Monday, April 25. He was speaking to reporters after the unveiling of a vast plan, known as Saudi Vision 2030, to transform the oil-dependent economy. Mohammed was asked whether one of the […]

A millennial has taken over Saudi Arabia's oil policy and people have serious concerns

Saudi Arabia is desperately trying to diversify its economy away from oil and the person pulling the strings is 30-year-old deputy crown prince, Mohammed bin Salman. King Salman is technically the ruler but Prince Mohammed is the favoured...Show More Summary

Saudi prince unveils plans to end oil ‘addiction’

Deputy Crown Prince Mohammed bin Salman reveals bold plans to transform Saudi Arabia into a global investment power. ||| Riyadh - The powerful young prince overseeing Saudi Arabia's economy unveiled ambitious plans on Monday aimed at ending the kingdom's “addiction” to oil and transforming it into a global investment power. Show More Summary

Reinventing Saudi Arabia after Oil: The Prince’s $2 Trillion Gamble

By Juan Cole | (Informed Comment) | – – Prince Muhammad Bin Sultan, 30, the deputy crown prince of Saudi Arabia laid out his vision for Saudi Arabia on Monday in a…

10 things you need to know in markets today

Good morning! Here's what you need to know in markets on Tuesday. Saudi Arabia has unveiled its plans to end the nation's dependence on oil. In an interview with Al Arabiya news, Deputy Crown Prince Mohammed bin Salman unveiled the Vision 2030 plan, which aims to curtail the kingdom's "addiction" to oil. It's a busy day for US economic data. Show More Summary

Saudi Arabia announces plan to end its ‘addiction’ to oil

last monthNews : BlogPost

Saudi Arabia is a country near-synonymous with the oil industry, but now the kingdom is moving to end what it calls its "addiction to oil" with a new plan. The plan, known as Vision 2030, was announced Monday by Deputy Crown Prince Mohammed bin Salman, the fast-rising 31-year-old said to be at the helm of Saudi Arabia's plans […]

Saudi Prince's Plan: End Kingdom's 'Oil Addiction'

Saudi Arabia's 30-year-old deputy crown prince is looking toward the future with his new "Vision 2030" plan—a plan that includes pulling the kingdom out of its overreliance on oil and leaning more on non-oil investment to transform it into a global power, Reuters reports. "We will not allow our...

Saudi stocks surge as reforms announced, rest of Gulf weak

Saudi Arabia’s stock market recovered from early losses and jumped 2.5 percent on Monday as Deputy Crown Prince Mohammed bin Salman announced an economic overhaul for the oil-dependent kingdom. He outlined a restructuring of the government’s Public Investment Fund to make it an international investment power, a planned sale of a stake of less than […]

Saudi Prince Urges Reforms to End Kingdom's 'Addiction' to Oil

The powerful young prince overseeing Saudi Arabia's economy unveiled ambitious plans on Monday aimed at ending the kingdom's "addiction" to oil and transforming it into a global investment power. Deputy Crown Prince Mohammed bin Salman...Show More Summary

Saudi Prince says Aramco will have a valuation above $2 trillion

Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman believes the Saudi Arabian Oil Company will have a valuation above $2 trillion when it eventually becomes the world’s largest initial public offering. Prince Mohammad says the valuation process for Saudi Aramco has not been completed at this time. Show More Summary

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