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Firm of Saudi prince detained in corruption probe seeks to reassure investors
07 Noviembre 2017, 12:07 | Tito Buron
Oil Rises Amid Saudi Political Purge
The moves come barely two weeks after Saudi Arabia hosted a major investment conference.
"MBS is disrupting the model of Saudi government", Kinninmont told AFP, using an acronym widely used for the crown prince.
The crown prince is a Saudi-educated son of the current King Salman bin Abdul-Aziz Al Saud Salman.
Pan-Arab daily Al-Asharq Al-Awsat reported that a no-fly list has been issued and that security forces in several Saudi airports were ordered to bar private jets owners from taking off without a permit.
The moves give Crown Prince Mohammed bin Salman control of all Saudi security and military forces. "What are they going to do?"
Greg Gause is a Middle East expert at Texas A&M University. He is also an investor in ride-sharing services Lyft and Careem. The internal security force has long been seen as a local of tribal power and a stronghold of king Abdullah's family. There was no response as of Sunday morning.
The anti-graft commission has uncovered evidence pointing at "widespread corruption", its president Khalid bin Abdulmohsen al-Mehaisen said in a separate statement.
"Did MBS just pull a red wedding?" asked one supporter on Twitter, comparing the weekend's purge to a bloody family massacre on Game of Thrones. And a top royal court official, Badr al-Asaker, on Sunday appeared to confirm the arrests on Twitter, describing a "historic and black night against the corrupt".
Facing pockets of discontent in their own Republican ranks, tax negotiators in the U.S. House of Representatives will seek to bridge differences over their far-reaching tax bill and stick to a self-imposed deadline of passage this month. Everyone suspects he will be announced as the new king.
The highest-profile royal caught in the sweep is Prince Alwaleed bin Talal, an outspoken billionaire royal with investments in Western companies. Both are sons of the late King Abdullah, who ruled before his half brother King Salman.
The cause of the crash is not clear. The detentions, framed as part of a sweeping crackdown on corruption following a royal decree that mandated a Supreme Committee headed by Mohammed bin Salman to address the issue, represent the latest in a series of bold moves by a youthful crown prince who has centralized authority to a degree unprecedented in recent Saudi history, but risk weakening the checks and balances that for decades have characterized royal family rule in the kingdom.
There have been no public displays of opposition to the campaign within the kingdom. A duty manager reached on mobile said that the 492-room hotel was closed and guests were told the hotel had been taken over for government use. "We will destroy them today and at once", said the prince, who has sidelined powerful clergy who have long dominated public discourse in Saudi Arabia. At the time, Saudi television channels showed the bearded Prince Mohammed kissing the hand of the older prince and kneeling before him in a show of reverence.
"A shot was just taken by Iran, in my opinion, at Saudi Arabia". Saudi Arabia, Iraq and Kuwait - which together pump more than 50 percent of OPEC's crude - signaled firm support for an extension. Trump earlier Saturday said he spoke to King Salman about listing the kingdom's massive state-run oil company, Saudi Aramco, in the United States.
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