Friday, 23 February, 2018

Saudi king names son his heir in place of nephew

El-Sisi and Prince Mohammed bin Salman Crown Prince Mohammed bin Salman meets with Egypt's President Abdel Fattah El Sisi in April 2015
Preston Stone | 29 June, 2017, 07:27

The King Salman, 81, is reportedly not in the best of health.

Trump is reported to have congratulated the new crown prince and expressed hopes for stronger ties between both countries, according to Saudi media. That account has frequently criticised Mohammed bin Salman, suggesting his impulsiveness could be risky. It could also empower Mohammed bin Salman to move faster with his plan to reduce the kingdom's dependence on oil, which includes the partial privatization of state oil company Aramco.

"It's clear that his relationship is excellent with the White House", said Mohammed Khalid Alyahya, non-resident fellow at the Atlantic Council's Rafik Hariri Center for the Middle East.

"This should not impact the overall budget or the budgeted deficit but we expect that it will contribute toward increased consumer spending and confidence, serving as a boost to economic growth and ensuring stability in consumer demand trends going forward", Finance Minister Mohammed al-Jadaan said in the statement.

The website of English-language news agency Press TV ran a lengthy article that denounced Mohammed bin Salman's hand in policy, including the "bloody military campaign" in Yemen and the "extensive and jarring economic shake-up" now underway in Saudi Arabia. According to Saudi Arabia's law on succession, the king must be a male direct descendant of the first Saudi king, Abdulaziz, who became king in 1932.

Nintendo Updates 'Arms' With LAN Play, Arena Mode
Fixed an issue where Barq (of Byte & Barq) does a big warp when riding the snakeboard and finishing a special move rush. Up to 4 players can be in the arena, and players not now fighting watch as spectators.

The 31-year-old is now next in line to the throne.

Mohammed bin Nayef was also stripped of his positions as deputy prime minister and interior minister after being removed as second in line to the throne of the world's biggest oil exporter. Noteworhty, Iran, which is predominantly Shi'ite Muslim, and Saudi Arabia, which is mostly Sunni, compete for power and influence across the region. May God help you", the former crown prince - who has also been fired as deputy PM and interior minister - said, to which his replacement replied: "May God help you.

"The elevation of Mohammad Bin Salman to the Crown Prince will likely mean minimal change to oil production policy but could bring more aggressive foreign policy moves that bring back the political risk premium", RBC Capital Markets said a research note, as quoted by Reuters. Analysts and diplomats say he was the prime mover in the kingdom's decision to go to war in Yemen, and more recently, to lead the campaign against Qatar.

The king called on governors and other princes to pledge allegiance to his new heir and ordered a ceremony after night prayers on Wednesday at a royal palace in Makkah.

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