General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Saudi Purge: The real reason behind Mohammed Bin Salman's unprecedented crackdown
Saudi Arabia's future king, 32-year-old Crown Prince Mohammed bin Salman, has dramatically restructured the Kingom's longstanding hierarchy and tightened his grip with a purge that involved arresting royals, ministers and investors.
Prince Alwaleed, the world's wealthiest Arab and the face of Saudi business abroad, is a nephew of the king and owner of investment firm Kingdom Holding. He invests in firms such as Citigroup and Twitter.
Facing numerous allegations of corruption, he was among 11 princes, four ministers and tens of former ministers detained.
The allegations could not be independently verified and members of the families of those detained could not be reached.
Analysts said the purge aimed to go beyond corruption and aimed to remove potential opposition to Prince Mohammed's ambitious reform agenda, which is widely popular with the kingdom's youth but faces resistance from some of the old guard more comfortable with the kingdom's traditions of incremental change and rule by consensus.
Breaking decades of conservative tradition by promoting public entertainment and visits by foreign tourists and lifting the ban on women driving, the crown prince has also slashed state spending in some areas and plans a big sale of state assets, including floating part of state oil giant Saudi Aramco on international markets.
"Prince Mohammed, rather than forging alliances, is extending his iron grip to the ruling family, the military, and the National Guard to counter what appears to be more widespread opposition within the family as well as the military to his reforms and the Yemen war," Saudi affairs analyst James Dorsey said.
At: https://www.haaretz.com/middle-east-news/1.821313
_______________________________________________
Three guesses as to what Prince Jared the Douche was doing in Riyadh the other day.
Squinch
(51,087 posts)sandensea
(21,717 posts)Ain't that right, Donnie?
Squinch
(51,087 posts)sandensea
(21,717 posts)Believe me!
Initech
(100,145 posts)I'm sure that Donnie's there to make the art of the deal, right?
sandensea
(21,717 posts)There's no way Deadbeat Donnie could ever afford to pull this off without massive leveraging from his favorite uncle.
And it goes without saying that Putin isn't doing this out of charity either.
Initech
(100,145 posts)Using Donnie as his favorite puppet. The man is an absolute terrorist. Maybe Donnie Jr is there to stroke the orb?
Madam45for2923
(7,178 posts)yortsed snacilbuper
(7,943 posts)sandensea
(21,717 posts)Nothing is written.
angstlessk
(11,862 posts)Still not sure what it means...The future is as insecure as their past?
sandensea
(21,717 posts)As I recall, it was both an encouragement to be bold in life (in the sense that we can indeed shape our destinies at least in part); but also an implied warning that success and glory aren't guaranteed either - and that to think otherwise is presumptuous at best, blasphemous at worst.
angstlessk
(11,862 posts)vigilance is all we can do for the next...vigilance for the next into infinity
sandensea
(21,717 posts)It would be completely lost on the Trumps of the world. But it's definitely food for thought, isn't it.
angstlessk
(11,862 posts)I am no expert on the Middle East, but allowing women to drive is a beginning!
sandensea
(21,717 posts)They're really into veils in that part of the world.
angstlessk
(11,862 posts)Like I said, I am not just not an expert on the Middle East, I am ignorant!
sandensea
(21,717 posts)It's such a complicated part of the world - probably like no other.
As for Iran, they're understandably a little anxious about this.
Not over the possibility of Cheeto using the presidency to get in on the ground floor on Aramco stock (what else is new!); but because it's obvious to everyone that Putin would finance this new Trump heist.
Why the worry? Iran and Russia have become much closer since the Orange Oaf essentially ripped up Obama's 2015 Iran agreement, and Tehran worries that Putin might choose to do his baksheesh with the Saudis instead (using Trump to do so).
Accordingly, Putin rushed to assuage Iran by signing a massive, $30 billion investment deal with them - all part of what's referred to as Russia's "Ummah Pivot" toward Iran specifically and the region more generally.
I hope at least some good can come out of all this - particularly for the good people of Syria.
Nevernose
(13,081 posts)That was Prince Al-Waleeds doing. Hed also recently announced he was going to leave his 32 billion dollars to charity instead of recycling it into the royal family.
lindysalsagal
(20,793 posts)I'm not being snarky: I really don't understand. If they're all princes, how does one get away with detaining others? Where's the king? Aren't these his sons, too? Why didn't the king bring them all home and just say, "This one's in charge: so, start sucking up to him."
I just don't understand how you can be a prince and still get locked up.
sandensea
(21,717 posts)The cultural liberalization dispute no doubt played a role as well - but it's all a sideshow of a sideshow compared to Aramco.
Aramco, with sales of over $300 billion and a book value of at least $2 trillion, is the largest state-owned enterprise in the world. Global markets have been praying to Mecca five times daily for decades, hoping a least a part of it might be privatized.
This crown prince, Mohammed bin Salman, is the Saudi Royal family's chief proponent of selling off a part of Aramco to private shareholders. Even if they sell off, say, 30% of it - we'd be talking about hundreds of billions of dollars in shares.
The ones arrested were all opposed to it.
So who stands to profit most? Anyone who can get in on the ground floor - i.e. before the IPO to the public at large.
In short, I think we just discovered what Prince Jared was doing there.
lindysalsagal
(20,793 posts)thanksgiving. We don't get to lock each other up: Mom wouldn't allow it.
Why does the king allow his own sons to be locked up by others? Are they not his sons? How many wives does the king have? Does he just impregnate and run? If they're out of favor, does he take their money away from him? Do they try to kill him to get to the throne?
In europe, this has always gone on, but usually not with so many "princes," and the lesser sons aren't given much by the king so this doesn't have to happen.
sandensea
(21,717 posts)You know, if there's something the ultra-wealthy might just envy about average folks, is that we're not (most of us) constantly scheming against our family and relatives over a slice of the pie.
Now, your mom's pumpkin pie - that might be a different story.
SomethingNew
(279 posts)They are brothers, nephews, etc. For example, the present king took the throne after the death of his brother who had become king after yet another brother's death. Basically, the princes are all the decendents of the first king (present king's dad) Ibn Saud. The succession is pretty complicated.
lindysalsagal
(20,793 posts)Ilsa
(61,712 posts)Putin and his oligarchs.
Then they can suck up to MBS.
sandensea
(21,717 posts)Always looking for an angle in everything, those two - like the good grifters they are.
Ilsa
(61,712 posts)sandensea
(21,717 posts)smirkymonkey
(63,221 posts)This was a very bold - or very stupid - move on his part.
sandensea
(21,717 posts)Pride goeth before the fall, though.
Nevernose
(13,081 posts)All bad people, none as bad as the Arabian monarchy. All refused to sell control of their nations petroleum. All serve as a pretty good warning to similar people especially in a world with currently low gas prices.
Sad; but true.
L. Coyote
(51,129 posts)1.) Begging for a loan.
2.) Begging for a loan.
3.) Begging for a loan.
Meanwhile, we paid for Kushner's trip.