King Mohammed VI Congratulates Mohammed Bin Salman on Appointment as Crown Prince

Prince Mohammed's rise comes at a crucial time for Saudi Arabia which is in a battle for regional influence with arch-rival Iran, bogged down in a controversial military intervention in neighbouring Yemen and at loggerheads with fellow US Gulf ally Qatar.

Until now, the succession favoured Saudi Arabia's interior minister and security chief, Prince Mohammed bin Nayef, who has now been stripped of much of his power. The prince, who will remain the defense minister, has also been appointed as deputy prime minister.

If Mohammed bin Salman becomes king in his 30s, he would be the youngest monarch of the modern state. As well as diversifying the economy, the plans include pushing for women to have a bigger economic role and the partial privatization of state oil firm Saudi Aramco - reforms that would have been unthinkable just a few years ago. Analysts and diplomats say he was the prime mover in the kingdom's decision to go to war in Yemen, and more recently, to lead the campaign against Qatar. The young Saudi Crown Prince also soared to the worldwide front linking up the country with the rest of the world, including the United States that he visited many times. He retains defence, oil and other portfolios. "Donald Trump visited Riyadh on his first overseas trip as president and has since visibly tilted in Saudi Arabia's direction in policy toward the rest of the region, most notably in his animosity toward Iran".

The decision by King Salman to promote his son and consolidate his power was endorsed by 31 out of 34 members of the Allegiance Council, the decree said. And it's only the second time since the kingdom was founded in 1932 that a grandson of Ibn Saud has been named crown prince, and its potential future king. The two countries support opposite sides in the conflicts in both Syria and Yemen, reported Reuters.

Formula One: French Grand Prix returns in 2018
If negotiations fall through, it would mark the end of Formula 1 in South-east Asia. Management admit every man and his dog want to host a race.

"We must hand in hand. behind our leadership which we pray to God for it to be a wise one", Saudi Arabia's Grand Mufti Sheikh Abdulaziz Al al-Sheikh said, opening the pledging ceremony.

That the royal succession in the world's top oil exporter is closely scrutinized only makes the rapidity of MbS's rise to power, and the speed with which his better known cousins were brushed aside, more astonishing.

Qatar's stock market is down 5.2 percent since the start of the week.

Tillerson's comments came in a short statement a day after the State Department bluntly questioned the motives of Saudi Arabia and the United Arab Emirates in announcing their boycott of Qatar on June 5, saying it was "mystified" the Gulf states had not released their grievances.

Related News:

  • Flags to fly half-mast on Tuesday after Philippines marks independence

    Flags to fly half-mast on Tuesday after Philippines marks independence

    The Philippine Army has been fighting ISIS-linked Maute group in Marawi city, just a few miles off the north coast of Indonesia. In response, Duterte declared martial law over the entire southern island of Mindanao , where Marawi is located.
    Sunil Gavaskar Reveals The 'Real' Reason Behind Anil Kumble's Resignation

    Sunil Gavaskar Reveals The 'Real' Reason Behind Anil Kumble's Resignation

    Kumble did not travel with the team to the West Indies , and later officially tendered his resignation. Kumble was appointed coach in June 2016 for a one-year term by the CAC and was instantly successful.
    Farmer found dead outside village office

    Farmer found dead outside village office

    A 57-year-old Kerala farmer has committed suicide in a village near here after revenue officials refused to accept his land tax . E Chandrasekharan, the Revenue Minister has also asked for a report from Kozhikode District Collector U V Jose on the incident.
  • Traders test OPEC "whatever it takes" resolve to defend oil price

    Iran and Saudi Arabia are historic rivals and Zangeneh said competition among member states was fierce. OPEC compliance hit 108% in the month, with non-OPEC participants achieving 100%, the source said.
    Insider Activity of, Inc

    Insider Activity of, Inc, Inc. (NASDAQ:AMZN)'s stock had its "buy" rating restated by Nomura in a report released on Thursday, June 15th. Barclays PLC initiated coverage on shares of in a research report on Tuesday, March 28th. (NASDAQ:AMZN).
    GOP senators to unveil health care bill Thursday

    GOP senators to unveil health care bill Thursday

    Here's a quick rundown of the standout provisions in the bill, which is expected to come up for a vote as soon as the end of next week.
  • Trump calls Russian election interference a 'Dem hoax'

    Trump calls Russian election interference a 'Dem hoax'

    Trey Gowdy had earlier asked Johnson pointedly whether he knew of any evidence of possible collusion by the Trump campaign. Johnson said he was disappointed the DNC would not accept Homeland Security's help in finding its cyber-vulnerabilities.

    Delta Air Lines Target of Unusually High Options Trading (DAL)

    With 77,100 avg volume, 1 days are for SPINDLE INCORPORATED (OTCMKTS:SPDL)'s short sellers to cover SPDL's short positions. The transportation company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.04.

    Darden Restaurants, Inc. (DRI) Analysts See $1.15 EPS

    The Firm owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. Gw Henssler & Associates Ltd decreased Ishares Tr (EEM) stake by 321,288 shares to 21,295 valued at $746,000 in 2016Q4.
  • Senate to finally unveil secret health care bill

    Senate to finally unveil secret health care bill

    Another possibility was letting states drop some coverage requirements that Obama's law imposes on insurers, they said. But as of now, victory is not guaranteed and he stopped short of definitely scheduling the vote for next week.

    Drake Drops New Track "Signs" at Louis Vuitton Fashion Show

    The show, for LV's Men's Spring/Summer 2018 collection, went down at Palais Royal and the 6 God's new tune provided the vibe. The new track became available as an exclusive stream on Thursday morning in the United States, thanks to a fashion show.
    Stabbing at US airport is an act of terror

    Stabbing at US airport is an act of terror

    The White House said Wednesday that Homeland Security Adviser Tom Bossert briefed President Trump on the stabbing . The airport's Police Department has six full-time and six part-time police officers .

Most liked

On World Refugee Day, UN Reports Increase in Refugees
Pakistan comes second with a 1,505,525 refugee population followed by Lebanon, which hosts 1,154,040 refugees mainly from Syria. The number of people uprooted within their own countries was down slightly a year ago , as was the number of asylum seekers.

Srikanth, Saina, Praneeth advance in Australian Open
If both Indians win, they are slated to bump into each other at the quarter-final stage, from the top quarter of the draw. "Also, tactically she needs to perform better towards the closing stages of the match", said Saina's coach Vimal Kumar.

General Election: Corbyn 'would be PM if not for Scotland'
President of the European Council Donald Tusk unequivocally tweeted earlier: "We don't know when Brexit talks start". May has announced that she will not be stepping down and will begin working to form a new coalition government .

FIFA Confederations Cup: Mexico came from behind to beat New Zealand
We are just thinking about doing our best in the Confederations Cup and to go as far as we can in this tournament ". It took Mexico just nine minutes after the restart to draw level when Jimenez found the net.

London Bridge attack: Images released of terrorists' fake explosive belts
The Metropolitan Police in London have released images of the explosive belts worn by the London Bridge attackers . Police have made another arrest in connection with the London Bridge terror attack .

76ers official acquire number one overall pick from Celtics
Fultz, who went to high school in Upper Marlboro, Md., led the Pac-12 in scoring and finished No. 6 among all Division I players. With Thomas, though, the Celtics didn't necessarily need a point guard - which is the piece Philadelphia apparently wanted most.

Confederations Cup 2017: Cristiano Ronaldo header gives Portugal win over Russia
The weakened starting lineup showed how lightly Mexico considered the threat posed by New Zealand . That's unacceptable and why I lost my temper.

Tottenham Hotspur: Kane late strike rescues England at Hampden
The turnaround sent shockwaves throughout England's fanbase as they faced their first World Cup qualification group defeat. The power and strength and speed of England is phenomenal. "I think we had three down with cramp as well".

Confederations Cup Ronaldo Header Downs Hosts Russia
The first half had been all Portugal and had they been a little more clinical, they would have had a fairly comfortable lead. A rejuvenated Mexico , with Hector Herrera coming on at the break, completed the comeback using speed down the wings.

Tusk holds out hope that Brexit can be reversed
May is going to Brussels for her first European summit since losing her Parliament majority in the election earlier this month. But it is not clear whether she will make any headway on the Brexit talks, which began in Brussels on Monday.

Turkey debates military support for Qatar
Trump's defence secretary, James Mattis, spoke to his Qatari counterpart to express commitment to the Gulf region's security. That was enough, it seemed, to persuade Qatar the USA wasn't abandoning its strategic partner.

Helmut Kohl, architect of unified Germany, dead at 87
Though slowed by illness in his later years, Kohl still made occasional eye-catching interventions on the political stage. He remained in power for 16 years until he lost the Bundestag election against SPD candidate Gerhard Schröder in 1998. invests US$397m in luxury Farfetch venture
For Western apparel and fashion brands, the rise of the Chinese luxury shopper has made China an increasingly crucial market. It also separated JD Fashion into a new business unit under the e-commerce business and named Xia Ding as the president.

Despite protests, Kochi IOC LPG terminal project won't be dropped: Kerala CM
He also said an all-party meeting would be held on June 23 to discuss issues connected with the spread of fever cases. International Olympic Committee has targetted completing the LPG Import Terminal at Kochi by February 2018.

A 'Black as Coal' Mark for Mylan
Mylan then sells the coal , which has been refined to reduce smog-causing chemicals, to power plants at a loss. Contacted by Reuters , Mylan confirmed that it took over $100 million in tax credits in 2016 and 2015.