Charming the prince: Biden seeks a deal with Saudi Arabia
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 18 July 2023
⏱️ 25 minutes
🧾️ Download transcript
Summary
America is keen to mend the relationship between the Gulf state and Israel, but Muhammad bin Salman has hefty demands. Is the deal worth the price? Asia’s longest serving leader is carefully planning his succession, and crushing anyone who objects (10:41). And, Sweden’s plan for a new city is built on old materials. But it is posed to be an innovative model for sustainability (18:28).
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Transcript
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| 0:00.0 | Financial markets are more complex than ever. That's why Goldman Sachs is breaking down the |
| 0:04.6 | key factors driving the economy each week. Join us every Friday for just 10 minutes or less. |
| 0:10.3 | Listen to the markets, a new series from the Goldman Sachs exchanges podcast. |
| 0:18.8 | Hello and welcome to the intelligence from the Economist. I'm your host, Oret Ogunbi. |
| 0:24.9 | Every weekday we provide a fresh perspective on the events shaping your world. |
| 0:32.9 | Asia's longest serving leader is relinquishing power and growing increasingly paranoid about |
| 0:39.2 | securing his legacy. But support for his carefully orchestrated succession plans is far from universal. |
| 0:46.2 | Sweden is building a brand new city by taking a new school approach to an old school material. |
| 0:54.3 | Could this be the future of sustainable construction? |
| 1:10.7 | First up though. |
| 1:17.2 | Saudi Arabia's Crown Prince, Mohammed bin Salman, or MBS as he's often known, is currently at the |
| 1:26.0 | centre of a well-wind of diplomacy. This week he's hosting Turkey's newly re-elected president, |
| 1:33.2 | Recep Tayyip Erdoğan, as he begins a three-day tour of the Gulf. |
| 1:37.2 | At the weekend, the de facto Saudi ruler met Japan's Prime Minister Qishida Fumio in Jeddah |
| 1:49.5 | to discuss cooperation on energy supplies. And just days ago, it was reported that MBS has been |
| 1:56.0 | invited for an official visit to Britain later this year. For a while, it looked like Saudi Arabia |
| 2:03.3 | was out in the diplomatic cold. The killing of the exile US-based journalist Jamal Khashoggi in 2018, |
| 2:11.2 | by agents presumed to be working for the Crown Prince, sparked indignation the world over. |
| 2:18.3 | But now, America is trying to work up a deal with the country to cement one of the |
| 2:23.2 | Middle East's most complex relationships. Joe Biden knows what he wants, which is for Saudi Arabia |
| 2:30.1 | and Israel to make their relationship public. Greg Karlstrom is the economist's |
| 2:36.0 | Middle East correspondent. They've had a discreet relationship for the better part of a decade now, |
... |
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