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Oil king, VC tycoon and risky strongman: Saudi Arabia’s MBS poses a problem for Western governments — podcast


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Oil king, VC tycoon and risky strongman: Saudi Arabia’s MBS poses a problem for Western governments — podcast

Episode 70 of Down to Business podcastAuthor of the article:Gabriel FriedmanPublishing date:Sep 23, 2020  •   •  1 minute readSaudi Arabia’s Crown Prince Mohammed bin Salman leaves the Hotel Matignon in Paris, France, April 9, 2018. Photo by Charles Platiau/Reuters filesArticle contentEarlier this year, just when everyone started staying home, oil prices tanked and they tanked…

Oil king, VC tycoon and risky strongman: Saudi Arabia’s MBS poses a problem for Western governments — podcast

Episode 70 of Down to Business enterprise podcast

Author of the report:

Gabriel Friedman

Publishing date:

Sep 23, 2020  •   •  1 moment study

 Saudi Arabia's Crown Prince Mohammed bin Salman leaves the Hotel Matignon in Paris, France, April 9, 2018.
Saudi Arabia’s Crown Prince Mohammed bin Salman leaves the Hotel Matignon in Paris, France, April nine, 2018. Photograph by Charles Platiau/Reuters data files

Report information

Before this calendar year, just when every person started out keeping house, oil prices tanked and they tanked challenging. The coronavirus was portion of it, but Saudi Arabia and Russia were also flooding the current market with oil, which turned out to be disastrous for several Canadian oil producers.

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This 7 days, on Down to Enterprise, Justin Scheck, a reporter at the Wall Avenue Journal and co-author of Blood and Oil, a new e book about Saudi Arabia, discussed how the oil-abundant nation is attempting to diversify its economic climate.

The ebook can take a nearer look at Crown Prince Mohammed Bin Salman, or MBS as he is greater recognized, who has been building substantial bets on tech businesses with money from the country’s oil revenues. You may well have read his identify in 2018 immediately after the Washington Article columnist Jamal Khassoghi was murdered in Turkey, which quite a few persons have related back again to MBS.

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That identical 12 months, a diplomatic rift opened concerning Saudi Arabia and Canada, following now-Deputy Prime Minister Chrystia Freeland tweeted about the country’s abhorrent human rights document. Scheck spelled out the lingering tensions, and also how Canada’s arms trade with Saudi Arabia persists in spite of every thing.

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If you have any issues about the exhibit, or if there are topics you want us to tackle, e-mail us: downtobusiness@postmedia.com.

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