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Saudi prince unveils sweeping reform plan for economy
Saudi Arabia's Deputy Crown Prince Mohammed bin Salman announced a sweeping reform plan on Monday that he said would transform the kingdom into a global investment power and wean the world's top oil exporter off crude by 2020. Prince Mohammed, a son of the Saudi king who also serves as defense minister and head of the country's economic council, was giving his first nationally televised interview since his accession last year. The plan was a recognition that an economy based purely on energy can be vulnerable to external shocks. "I think by 2020, if oil stops we can survive," Prince Mohammed said. "We need it, we ... (full story)
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