Alahednews
english.alahednews.com.lb
Al-Ahed Telegram
Sayyed Nasrallah Slams Silence over Yemen Misery: Daesh’s State Toppled with Albukamal Victory UK Brexit Minister: London Might Not Get a Deal with EU Nigeria Mosque Bombing: 50+ Killed As People Arrive for Morning Prayers Thousands Die Daily in Yemen If Ports Stay Closed Rouhani: Arab League a ’Worn-out’ Body Mugabe in Contact With Ousted Vice President Saudi Arabia Squeezes Detainees as It Tries to Seize Assets UN Urges Saudi Arabia to Allow Urgent Aid Supplies into Yemen The US Is Helping Saudi Arabia Starve Yemeni Civilians to Death LA Ordered at «Full Readiness» at Southern Border to Face «Israeli» Threat #Nigeria Mosque Bombing: At least 50 dead, Scores Injured General #Soleimani congratulates Imam #Khamenei on victory over #Daesh Sayyed #Nasrallah to the #Resistance people: Complete your path and road of major victories, not the latest will be the victory scored in #Albukamal Sayyed #Nasrallah thanks the official #Lebanese stance in the #ArabLeague Sayyed #Nasrallah: We’re still waiting for the return of the PM Saad #Hariri whom to us hasn’t resigned yet Sayyed #Nasrallah: Is it possible that there we witness millions of #Yemenis dying from #Saudi bombing, blockade and #cholera? Everyone is quiet on this, for the most part. Just call on #Saudi Arabia to halt its massacres Sayyed #Nasrallah to #Arab ministers over #Yemen: Do you guys not have religion? Is this #Arab dignity? Do you not have consciences, hearts, brains? Are you humans? Aren’t the #Yemenis Arab? Sayyed #Nasrallah: The main problem for #Saudi_Arabia is that they don’t understand that #Yemenis have brains and are strong and they can produce their own weapons. Sayyed #Nasrallah to #Arab_League ministers: When you don’t interfere in #Lebanon, stability is guaranteed Sayyed #Nasrallah reminds the #Arab minister, particularly the #Bahraini and #Saudi ones that the biggest threat to #Lebanon was and still is “Israel”
Guestbook mailinglist.php arabic site french site spanish site facebook twitter rss page
News Categories » Files » Files » Selected Articles

Decrease Font Size Increase Font Size  Print Page
Saudi Arabia’s Very Public, Very Risky Palace Intrigue
Krishnadev Calamur

Details are still emerging about why, exactly, 11 of Saudi Arabia's richest and most influential businessmen and politicians are being held at the Ritz Carlton and other five-star hotels across Riyadh.

Prince Alwaleed bin Talal

But one thing is clear: Prince Mohammed bin Salman's purge Saturday of high-ranking leaders in the kingdom is yet another sign of the crown prince's consolidation of power since he ascended to the position this summer.

Among those detained by the crown prince's anticorruption committee over the weekend were Prince Alwaleed bin Talal, the billionaire investor, and at least 10 other prominent figures. Separately, King Salman replaced the minister of the Saudi National Guard, who controlled the branches of the military that weren't yet under the crown prince's control. Saturday's move was announced on Al Arabiya, the Saudi-owned Arabic-language broadcaster, as part of an anticorruption investigation. But the move comes just months after Crown Prince Mohammed is believed to have orchestrated the ouster of Prince Mohammed bin Nayef as the interior minister. Mohammed bin Nayef had served as crown prince until Prince Mohammed's elevation in June.

Although palace intrigue is often a feature of entrenched systems in which patronage plays an important role in determining who is in favor and who isn't, what makes the present events in Saudi Arabia particularly surprising is that the monarchy rarely, if ever, airs its laundry in public. Princelings are privately sidelined and officials quietly demoted. The figurative defenestration of public figures such as Prince Alwaleed bin Talal could be a sign that the crown prince is sending a message to potential rivals to the throne. It also suggests that, if such rivals exist, the young crown prince is consolidating his power to fend them off.

"Nothing like this has ever happened before in the history of Saudi Arabia, giving the sense the kingdom is entering into unchartered waters with unknown consequences," David Ottaway, a Middle East fellow at the Wilson Center, said in a statement. He added that the actions "could well threaten the House of Saud's stability for years to come."

More than half of Saudi Arabia's population is under the age of 25-and the kingdom's youth is where the crown prince draws much of his support. Saudi Arabia's old guard, whose hold on the reins of power is slipping quickly, is much more skeptical of the pace of change under Prince Mohammed bin Salman. While much of the recent attention has focused on Saudi women gaining the right to drive, the crown prince's other initiatives are the ones that have caused worry within the kingdom. ... Add to this the Saudi-led blockade of Qatar, and the crown prince's Vision 2030 program, which aims to reduce the kingdom's economic dependence on oil, as well as his plan to sell 5 percent of Saudi Aramco, the state-run oil company. The crown prince says he believes the sale will yield $100 billion.

President Trump spoke to King Salman, and a readout of the call provided by the White House did not discuss the Saudi arrests. It said the two leaders discussed the situation in Yemen, where Saudi-led forces are involved in a proxy war against Iran-backed rebels. Trump reportedly also thanked the king for spending $15 billion to buy the THAAD antiballistic missile defense system. Earlier, the US president tweeted that he hoped Aramco would be listed on the New York Stock Exchange.

But if economic reform is a cornerstone of the crown prince's plan, then the arrest of Prince Alwaleed, one of the richest men in the world, is a funny way of showing it. The billionaire investor has large stakes in the tech giants Apple, Twitter, and Lyft, as well as traditional investment targets such as Citigroup and News Corp. He is estimated to be worth $17 billion, according to Forbes, and is a frequent interlocutor of Western leaders and companies. News of his detention prompted a nearly 10 percent slide in Kingdom Holding, his investment firm. Ottaway, the Middle East expert, pointed out that the arrest of Prince Alwaleed "could well dampen international interest in investing in the crown prince's much-heralded Vision 2030 to make the non-oil private sector the new motor of the economy."

That may well be true, but the crown prince is perhaps betting on the long game. With the Trump administration firmly in the corner of the ruling royal family and the last vestiges of opposition swept away, if all goes according to his plan, Prince Mohammed bin Salman will remake his country in his image. But as he awaits his ascension to the throne, amid the turmoil he has created, he may also find that uneasy lies the head that wears a crown.

Source: The Atlantic, Edited by website team

07-11-2017 | 11:14


Name
E-Mail
Comment Title
Comment
Human Verification


News Coverage

Related News

Search
To Top