Prince Salman

Iran’s Zarif Hopes Yemen War Does Not Lead to Iran, Saudi Conflict

By Michelle Nichols NEW YORK, July 17 – Iranian Foreign Minister Mohammad Javad Zarif said on Monday that he hopes Yemen’s war will not spark direct confrontation between Iran and Saudi Arabia and that they can work together to end the conflict in the country and Syria. A Saudi Arabia-led coalition intervened in Yemen’s civil

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Opinion: The Saudi Big Bet

By Fadila Al Jaffal Mohammed bin Salman, who appeared on the stage two years ago with all the charisma of a Hollywood Arab prince, is also the decision-maker who drives difficult issues in his country, boldly breaking old taboos along his journey toward becoming an expert statesman and king. The people revere him as a

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Saudi Official Denies Former Crown Prince Confined to Palace

DUBAI, June 29 – A Saudi official on Thursday denied a New York Times report that Prince Mohammed bin Nayef has been confined to his palace and barred from travelling abroad after he was replaced by the king’s son as next in line to the throne. Mohammed bin Nayef, a veteran interior minister who was

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Pictures of Mohammed bin Salman Being Appointed Crown Prince

Outgoing Saudi Crown Prince Mohammed bin Nayef hands over the post to his successor the new Crown Prince, and son of King Salman, Mohammed bin Salman earlier today. In six steps, Mohammed bin Salman, the young Saudi Royal who will turn 32 this August, became the second in command after his father. The footage which

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IMF Backs Saudi Economic Plan for “Appropriately Bold” Transformation

By Andrew Torchia DUBAI, May 19  – The International Monetary Fund backed Saudi Arabia’s sweeping economic reform plan on Thursday and said the kingdom was cutting spending at the right speed to cope with a huge state budget deficit caused by low oil prices. Late last month, Deputy Crown Prince Mohammed bin Salman announced steps

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Domestic Focus May Limit Clout of $2 Trillion Saudi Fund

By Andrew Torchia DUBAI, May 17 – Saudi Arabia aims to create the world’s biggest sovereign wealth fund, a $2 trillion behemoth that can throw its weight around global markets, but the fund’s growth abroad is likely to be slowed by its responsibility for aiding the economy at home. Building the Public Investment Fund (PIF)

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Reforming Saudi Arabia

BY Mohammed Al Sabban The world, not only the Saudis, monitored the announcement of the kingdom’s Vision 2030 last week. A well rounded plan, which primarily aims at achieving a gradual but steady diversification of the country’s revenues, away from its current total dependence on oil as a main source of revenue. Though many were

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Saudi Prince Unveils Sweeping Plans to End “Addiction” To Oil

By Samia Nakhoul, William Maclean and Marwa Rashad RIYADH, April 25  – The powerful young prince overseeing Saudi Arabia’s economy unveiled ambitious plans on Monday aimed at ending the kingdom’s “addiction” to oil and transforming it into a global investment power. Deputy Crown Prince Mohammed bin Salman said Riyadh would raise the capital of its

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