Tag: Crown Prince Mohammed bin Salman

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.