. - [narrator] king salman's youngest son, prince mohammad bin salman has led the initiative to reform with an ambitious national transformation plan called vision 2030. - prince mohammad bin salman is driving saudi vision 2030 and he's using the low oil prices as a good excuse to introduce reforms, to have government operates and reforms he want to introduce into the economy as well. - it's an opportune moment really to affect change because you can really only start a process of change usually, in history has shown us that when you face a crisis, otherwise, people are complacent. - we know that about the economic vision out of it which includes three main things. number one, how you increase revenue without depending on oil? two, is basically you're talking about cutting expenses. so now, a lot of things that subsidies that the saudi government used to give which is extremely important to keep the loyalty of the population and then you have the idea of investments outside oil and basically, the main focus of that is taken about 5% of a aramco to an ipo which would be 2.5 trillion dol

incidentally, it is the same thing with mohammad bin salman.is only interest -- he only has one interest. of course, the interest is to maintain his power that the saudi regime is a parasitic regime. work, literally, it is the four letter word. if you say you have a job that you work, the saudi class looks at you with contempt. "you work?" know in theirdis now battle with iran, they know that they could not prevail against iran on a military level, strategic level. a 5000 year-old civilization, very impressive place. so they are hoping the united states and israel will take their chestnuts out of the fire. so they want israel and the united states to go to war with iran. so there will he do anything. they will give away palestine. they will give away this studio. they will purchase it and give it away to get united states and israel to do their bidding. we're not really talking about a peace plan. we are talking about handing israel everything it wants in exchange for israel and the a ran.states taking out amy: i want to ask you about benjamin

and it is an interesting time in saudi arabia as we see crown prince mohammad bin salman as the driving force behind a lot of social and financial changes in the kingdom, as well as heading this huge corruption sweep that ensnared hundreds of -- as i said, royals, business men, senior government officials. and this really is a very unprecedented time for saudi arabia, and critics say that what crown prince mohammad bin salman is doing is trying to consolidate his power and to basically eradicate any challenger that may put any sort of pressure on the power that he is trying to consolidate, george. >> gul, following the story live for us in istanbul, turkey, thanks for the reporting, we'll stay in touch with you on it. >>> the italian coast guard says it has recovered the bodies of eight migrants off the libyan coast. 84 people were rescued when their dinghy sank saturday in the mediterranean sea. they were spotted by a patrol plane taking part in an anti-smuggling operation. >> in the meantime, the nigerian foreign minister says nigeria will send thousands of citizens home from libya. m

anti—corruption drive and all the recent startling shifts in saudi arabia is the crown prince, mohammad bin salmany, finally weaning it from its twin dependence on oil and religious austerity, as well as granting women basic new rights such as for permission to drive. his vision 2030 project needs massive funding, and the authorities say the purge should deliver at least $100 billion to state coffers. those who co—operate might be somewhat lighter in cash, but they should be able to continue with their businesses and their lives. but it's still a risky move which could consolidate the crown prince's power or build up resentment against his dominance. sebastian usher, bbc news. sport now. —— floodwaters in paris have been continuing to rise of the reverse and is currently hundreds of metres above its usual full and and is currently hundreds of metres above its usualfull and is and is currently hundreds of metres above its usual full and is expected to peak higher than normal. walkways are submerged and some basement flooded. the problem. the flooding is being caused by weeks of rain. the mayor of p

business, he married donald trump's daughter, and he goes off to riyad, and he spends days with mohammad bin salmancomes this new axis against iran, so when donald trump says, when nikki haley, un ambassador, says, we think we should have the un security council meeting, it's all part of this new axis of pressure on the regime, except they don't have anything to back it up with. the iranian machine is stronger. that's a danger to the way the world works. russia and china have vested interests in maintaining that regime. if anything, when you say iran is stronger at the moment, it is not, in the sense that financially, because it is at the stage that it is at now, it cannot maintain its... it's power... economically, maybe not, but militarily... till now, they have been sending afghan militia, look at the amount of money that has been spent, it is upwards of 10 billion. now, this is not a point of strength for iran, and they know it as well, that is why there is dissatisfaction... do you think this pressure being brought by trump through his son—in—law and through the saudis, is that strong foreign

anti—corruption drive and all the recent startling shifts in saudi arabia is the crown prince, mohammad bin salmanhe country, economically and socially. finally weaning it from its twin dependence on oil and religious austerity, as well as granting women basic new rights such as for permission to drive. his vision 2030 project needs massive funding, and the authorities say the purge should deliver at least $100 billion to state coffers. those who co—operate might be somewhat lighter in cash, but they should be able to continue with their businesses and their lives. but it's still a risky move which could consolidate the crown prince's power or build up resentment against his dominance. sebastian usher, bbc news. elderly survivors have gathered in auschwitz in poland to mark holocaust memorial day. six millionjews, and millions of others were murdered in concentration camps by the nazis during the second world war. evening prayers have been said at the former auschwitz—birkenau concentration camp, and tributes paid at the monument to the victims at the site. a mural by the world famous graffiti art

the man behind the anti—corruption drive is the crown prince, mohammad bin salman.country, economically and socially. finally weaning it from its twin dependance on religious austerities, as well as granting women basic new rights such as full permission to drive. his vision 2030 project needs massive funding, and the authorities say the purge should deliver at least $100 billion to state coffers. those who cooperate could be somewhat like in cash, but they should be able to continue with their businesses and their lives. but it's still a risky move which could consolidate the crown prince's power or build up resentment against his dominance. with all the sport, here's olly foster at the bbc sport centre. it's the final weekend at the australian open and caroline wozniacki has won her first grand slam title. it was a thriller as the dane beat simona halep in three sets in melbourne. the victory also sees her return to the top of the world rankings ahead of the romanian. adam wild reports. there are few stages in the game more spectacular than melbourne and the welco

anti—corruption drive and all the recent startling shifts in saudi arabia is the crown prince, mohammad bin salmantry, economically and socially, finally weaning it from its twin dependence on oil and religious austerity, as well as granting women basic new rights such as the permission to drive. his vision 2030 project needs massive funding, and the authorities say the purge should deliver at least $100 billion to state coffers. those who co—operate might be somewhat lighter in cash, but they should be able to continue with their businesses and their lives. but it is still a risky move, which could consolidate the crown prince's power, or build up resentment against his dominance. sebastian usher, bbc news. stay with us on bbc news. still to come: the latest work by the graffiti artist banksy turns up in the uk city of hull, but not everyone agrees it is art. the shuttle challenger exploded soon after lift—off. there were seven astronauts on board, one of them a woman school teacher. all of them are believed to have been killed. by the evening, tahrir square, the heart of official cairo, was in t

think that it's a little bit of that, but also this naked political purge that the crown prince mohammad bin salmanyoung prince, organized behind the scenes. carol: he has really been embracing change, bringing about modernization to saudi arabia, allowing women to drive. he's really been trying to move the country forward. at the same time there was so much secrecy in this crackdown, and it doesn't seem like a lot of transparency since november about what was going on. reporter: that's right. that's the big question, how the markets and investors feel about this? right now as davos is going on, the ceo of saudi aramco, the ipo of which is a big part of the kingdoms economic revitalization, is they are talking about how this is great for investor confidence. see, the country is cracking down on corruption. however, there's another undercurrent of this that is a little more and if areas. there is no transparency here. we were unable to meet any of the detainees. in fact, one of the most prominent of the detainees, the richest saudi, we don't know where he is. there are a lot of conflicting reports a

biggest change agents in saudi arabia's modern history and the region is the crown prince, mohammad bin salman. what doesn't the world understand about the crown prince? mr. al-jubeir: people are not used to saudi arabia moving quickly. i don't think there used to saudi arabia moving boldly. our population is 70% under the age of 30. they are young. they're probably the most connected in terms of social media in the world of any people. they know what is going on. several hundred thousand have studied all the way around the world, from japan to the united states. both young men and young women. they have hopes, dreams, ambitions, and they want it now. they do not want to wait 30 years. they expect good governance. they expect transparent, efficient government. they expect the ability to do what they set out to do without much hindrance. so you have to open up the path and get out of the way. that is how our country will rise. in order to do this, you have to have a fundamental transformation of your country. you have to open up areas that previously were not open, entertainment, recreation, op

and the shake-up in saudi arabia is thought to be led by the crown prince, mohammad bin salman.e's viewed as a young and ambitious leader who is trying to change things in the kingdom. but critics say that the corruption sweep, the alleged corruption sweep, that happened in november, as well as what we just saw happening this week, are, in fact, a way for the crown prince to try to consolidate his power and to get rid of any challenge to his authority. george? >> gul, reporting live for us there in istanbul, turkey. thank you for the report. we'll stay in touch. >>> the italian coast guard says it has recovered the bodies of eight migrants off the libyan coast. 84 people were rescued when their dinghy sank saturday in the mediterranean sea. they were spotted by a patrol plane taking part in an anti-smuggling operation. >> in the meantime, nigerian foreign minister says nigeria will send thousands of its citizens home from libya. many have been trapped there since trying to get to europe. they often face dire conditions and abuse including forced labor. >>> nasa is celebrating th

by crowns purge is led prince mohammad bin salman. -- politically for him?sef: the anticorruption probe has left a bit of an aftertaste. they pointed to the lack of transparency and some of the procedures. now, the latest move will help of course negate some of that. bear in mind that the key point here in the conversation is whether this will continue. that is what the s&p global chief ratings officer told me this morning. start, this is a good but he looks forward to continuing just to make sure that what we saw at the beginning is not something ad hoc. anna: thank you. yousef gamal el-din joining us from dubai with the latest on the saudi story tweet coming up on the program, a conversation with the ubs ceo. he spoke to manus cranny in zurich. this is bloomberg. ♪ anna: this is "bloomberg daybreak europe." a live shot of europe for you. 6:44 in the morning in london. a focus for european markets will be the shutdown in the united states as it is likely to be for u.s. markets. on friday, markets trying to shrug off the prospect of a shutdown, but that has