Tag: Crown Prince Mohammed bin Salman

Competitors consider their next moves at the King Salman World Rapid and Blitz Championships, the first international chess competition held in Saudi Arabia, in Riyadh on December 26, 2017

Report: Saudi Arabia Seeks Reform Towards ‘Moderate Islam’

At the heart of Saudi Arabia’s recent cultural and political upheaval is an understanding that the country must become more compatible with the Western world, and more hospitable to foreign investment, in order to manage the transition away from an oil-based economy with limitless deep pockets. Possibly the trickiest aspect of this transformation will be an Islamic reformation in the notoriously strict kingdom.

Saudi Arabia's government has taken control of the construction giant owned by Osama Bin Laden's family

Saudi Government Takes Control of Binladin Group Construction Giant

The Saudi government has assumed managerial control of the enormous Saudi Binladin Group, the largest construction company in the nation, and may nationalize some of the group’s assets. The move is part of an anti-corruption crackdown that some view as an effort to grab money and resources for a once-profligate government in deep financial trouble, and a consolidation of power by the recently-named heir to the throne, Crown Prince Mohammed bin Salman.

King Salman of Saudi Arabia on Saturday ordered extra pay for Saudi government workers and soldiers after the implementation of value-added taxation. Pool photo by Olivier Douliery/UPI

Saudi Prince Fired After Criticizing Royal Arrests

Prince Abdullah bin Saud bin Mohammed was named president of the Saudi Marine Sports Federation in October. His tenure came to an abrupt end after three months on Wednesday, when he was sacked over his criticism of royal arrests seen by skeptics as part of Crown Prince Mohammed bin Salman’s effort to consolidate power.

SOCHI, RUSSIA - SEPTEMBER 13 : (----EDITORIAL USE ONLY MANDATORY CREDIT - KREMLIN PRESS CENTRE / HANDOUT' - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS----) President of Russia, Vladimir Putin (not seen) meets with Prime Minister of Lebanon, Saad Hariri in Sochi, Russia on September 13, 2017. (Photo by Kremlin Press Centre/Anadolu Agency/Getty Images)

Sources: Saudi Crown Prince Forced Lebanese Prime Minister Saad Hariri to Resign

Citing a dozen “Western, Lebanese, and regional officials and associates” of Lebanon’s Prime Minister Saad Hariri, on Christmas Eve the New York Times published an account of Hariri’s resignation (and later un-resignation) that asserts he was forced out of office by Saudi Crown Prince Mohammed bin Salman as part of Saudi Arabia’s cold war against Iran.

RIYADH, SAUDI ARABIA - NOVEMBER 11: (----EDITORIAL USE ONLY MANDATORY CREDIT - 'BANDAR ALGALOUD / SAUDI ROYAL COUNCIL / HANDOUT' - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS----) King of Saudi Arabia Salman bin Abdulaziz Al Saud (L) is welcomed by Saudi Crown Prince and Defense Minister of Saudi Arabia Mohammad bin Salman al-Saud (R) at King Salman Air Base Airport in Riyadh, Saudi Arabia on November 11, 2017. (Photo by Bandar Algaloud / Saudi Royal Council / Handout/Anadolu Agency/Getty Images)

Saudi Arabia Releases Most Corruption Detainees After Settlements Reached

A statement from Saudi Arabia’s public prosecutor on Tuesday indicated that most of the suspects swept up in the recent anti-corruption crackdown will be released after reaching settlements with the government, although a sizable number remain in detention, and some of those will be prosecuted for their offenses.

Saudi Arabia's Crown Prince Mohammed bin Salman, shown here on October 24, 2017, has denounced Iran's supreme leader Ayatollah Ali Khamenei as the "new Hitler of the Middle East"

Eberhart: Saudi Purge Adds to Aramco’s Challenges on Public Offering

The arrests of scores of Saudi royals, ministers, and businessmen in an anti-corruption sweep that started November 3, and the resulting swap of assets for freedom, may have silenced potential rivals of Crown Prince Mohammed bin Salman. But the roundup has also cast doubt on the outcome of plans to offer a public stake in the state-owned oil giant, Saudi Aramco.

Saudi Deputy Crown Prince Mohammed bin Salman (C) attends a meeting with US Defence Secretary Jim Mattis in Riyadh on April 19, 2017

Saudi Arabia’s Dramatic Transformation Continues with Weekend Arrests

The sweeping arrests of dozens of Saudi businessmen, officials, and even royalty on Saturday – culminating in the arrest of Prince Alwaleed bin Talal, who is all three, and one of the richest men in the world – is one of the most dramatic events in the Kingdom’s modern history. It is a clear sign of power consolidating around Crown Prince Mohammed bin Salman, upon whom a great deal of President Donald Trump’s Middle East policy is based.