Saudi Arabian heir tightens his grip on power

06 November, 2017, 02:28 | Author: Genevieve Gibbs
  • Earlier this evening ahead of the arrests Prince Mohammed established the anti-corruption commission by royal decree

The 32-year-old crown prince has been seeking to attract greater worldwide investments and improve the country's reputation as a place to do business.

And he praised the king's favorite son and top adviser, Crown Prince Mohammed bin Salman, for his recent calls for tolerance and moderation in Saudi society.

Prince Mutaib bin Abdullah has been relieved of his post as minister of the National Guard and replaced by Khaled bin Ayyaf, while Economy Minister Adel Fakieh is replaced by his deputy Mohammed al Tuwaijri.

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"As a leader who is set to remain in power for decades, Mohammed bin Salman is remaking the kingdom in his own image and signalling a potentially significant move away from the consensual balancing of competing interests that characterised Saudi rule in the past", Mr Ulrichsen said.

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Prince Alwaleed controls Kingdom Holding and is one of the world's richest men.

Prince Mansour is the son of Prince Muqrin bin Abdulaziz, a former director-general of the Saudi Intelligence Agency and a one-time crown prince of the kingdom.

Saudi Arabian investment firm Kingdom Holding said on Sunday it had the support of the country's government after billionaire chairman Prince Alwaleed bin Talal was detained overnight.

The Ritz Carlton hotel chain says it is "evaluating the situation" at its hotel in the Saudi capital, Riyadh, after reports it is being used to house some of those detained in a wave of arrests of princes and former government officials. The 62-year-old is one of the largest shareholders in Citigroup and also owns stakes in News Corp and Twitter.

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Prince Alwaleed's investments, current and future, may now be in doubt after he was detained in an investigation by a new Saudi anti-corruption body.

The arrest of Prince Alwaleed - King Salman's nephew - comes as surprise.

The committee's goal was to "preserve public money, punish corrupt people and those who exploit their positions", according to the royal decree.

The Saudi Interior Ministry said early Monday that the crash happened in Saudi Arabia's Asir province.

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Al-Arabiya reported that the committee is looking into devastating and deadly floods that overwhelmed parts of the city of Jeddah in 2009 and is investigating the Saudi government's response to the Middle East Respiratory Syndrome (MERS) virus that has killed several hundred people in the past few years.

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