Money Talks

Money Talks: Saudi Arabia looking to diversify economy

2017 has been a relatively good year for oil producers as prices climbed. But it has also seen renewable energy sources achieve new milestones. And that could spell trouble for fossil fuels in the years ahead. After crude crashed by around 75% from its highs in 2013, the OPEC oil producers' cartel agreed to output cuts in late 2016. One country that has embraced the new normal in oil prices is the world's biggest crude exporter, Saudi Arabia. With the promotion of Mohammed bin Salman to Crown Prince in June 2017, the kingdom wasted no time in shaking things up in order to adapt. As Laila Humairah reports, he is leading a cultural and economic shift to wean the kingdom off its dependence on oil. Energy expert Ellen Wald, author of the upcoming book `Saudi Inc.`, brings her analysis.

Money Talks: Crude future uncertain in face of renewables

Money Talks: Crude future uncertain in face of renewables

Saudi Arabia calls on OPEC to cut oil exports | Money Talks

Saudi Arabia calls on OPEC to cut oil exports | Money Talks

Oil prices plunge to their lowest level in 18 years | Money Talks

Oil prices plunge to their lowest level in 18 years | Money Talks

IMF says GCC economies to revive this year | Money Talks

IMF says GCC economies to revive this year | Money Talks

Biz in 60: Netflix subscriber outlook, S Korea-Egypt deal, US house market

Biz in 60: Netflix subscriber outlook, S Korea-Egypt deal, US house market

Netflix shares fall 20% on slowing subscriber growth

Netflix shares fall 20% on slowing subscriber growth

Turkiye's central bank keeps policy rate unchanged at 14%

Turkiye's central bank keeps policy rate unchanged at 14%

Biz in 60: Wall Street banks wages, Thailand travel rules, Australia unemployment

Biz in 60: Wall Street banks wages, Thailand travel rules, Australia unemployment

China's central bank cuts key lending rates amid economic woes

China's central bank cuts key lending rates amid economic woes

Biz in 60: UK inflation, Microsoft buys Activision Blizzard, Turkiye’s gaming industry

Biz in 60: UK inflation, Microsoft buys Activision Blizzard, Turkiye’s gaming industry

Asia-Pacific markets fall after overnight sell-off on Wall Street

Asia-Pacific markets fall after overnight sell-off on Wall Street

Biz in 60: UK unemployment, Activision sexual harassment probe, Wayve funding round

Biz in 60: UK unemployment, Activision sexual harassment probe, Wayve funding round

Brent futures in London climb above $87 a barrel, WTI tops $85

Brent futures in London climb above $87 a barrel, WTI tops $85

German economy grows 2.7% in 2021 as COVID-19 takes toll on output | Money Talks

German economy grows 2.7% in 2021 as COVID-19 takes toll on output | Money Talks

Biz in 60: Halkbank US prosecution, Credit Suisse chair resigns, 5G precautions

Biz in 60: Halkbank US prosecution, Credit Suisse chair resigns, 5G precautions

Chinese economy grows at slowest pace in 18 months in Q4

Chinese economy grows at slowest pace in 18 months in Q4

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