Saudi Arabia arrests princes, ministers in sweeping purge
Video     Photos     Pakistan     World     Islam     Health     Crime     Islamic News     Business     Society     India     Travel     Middle East     Sport     sci/tech      Contact      RSS
Search

TTP picks a books writer as new chief

Germany back in the race with 2-1 win against Sweden

Women tied to trees and raped for days: ICC files

Netanyahu Held Secret Talks With Saudi Prince Salman in Amman

Ramzan Mengal among four ASWJ leaders cleared to contest Elections

Hajj observation committee condemns Saudi ban on Qataris and Syrians

Political rise of Barelvism: Can powerful TLP replace Deobandi political parties?

Nominees of terror groups plan to run in Pakistani election

Why the PTI must win?

Is Ahmed Shahzad a drug addict?

AIOU’s M.Phil Mass Comm workshop begins on July 2

Dirty politics: Did corrupt elite hijack PTI?

Saudi guardianship system still 'enslaves' women despite driving ban removal: Activist

Whitewashing Yemen Genocide

Is Nawaz Sharif a real estate Tycoon of UK?

Pakistani teenager Raza conducts coin toss in Brazil-Costa Rica game

21-year-old girl kidnapped, raped in Karachi's Gulshan-i-Hadeed

Who killed Shujaat Bukhari?

An overt threat: For Pakistan Trump sends more sticks without carrots

Why does everyone want to win Karachi?

Croatia crushes Argentina 3-0 to reach knockout stage

Pak offers 308 stipends to S. Lankan students

Elections 2018: PML-N expects 110, PTI 79 Punjab NA seats

Fanatics in politics: MML claims 185 provincial, 80 NA candidates for elections

A dynasty towards end : Zaeem Qadri says can't polish Hamza's boots

Punjab minister relieved of education ministry

One person displaced in every two seconds in 2017: UNHCR

Panama Papers: What does new leak say about Pakistanis

CPEC 2018 Summit: Is CPEC the next East India Company?

A camel under mountain: NAB to probe scam involving DHA, Bahria Town, CDA

Spain Narrowly Defeat Iran in 2018 World Cup

Saudis raping Yemen women: Ansarullah

Kusloom Nawaz is dead, Nawaz hiding for political gains: Claims indicivil blog

HEC Launches Online Scholarship Disbursement Portal

Celebrated humourist Mushtaq Ahmed Yousufi passes away in Karachi

Dr Aafia Siddiqui subjected to physical, sexual abuse in US detention: confidential report

Can election commission sustain pressure on outlawed terrorist groups?

How a beggar reached to a Iran bound flight?

Who rigs polls in Pakistan and how?

Malala's unseen controversial pictures at Oxford University

Guns on Pakistan shoulder: The Price of Mullah Fazullah's death

Hodeidah and the Saudi Coalition’s Deliberate Starvation of Yemen

The Destabilizing and Reckless Mohammed bin Salman

England post new ODI record of highest total 481-6

Hand in the hand of snake: Pak-Saudi ties moving from personal to strategic domain

Transgenders school in Faisalabad provides free education, technical training

Yemeni forces kill 123, capture 160 Saudi-led coalition mercenaries

Pakistanis among thousands killed in Saudi-imposed war on Yemen

Who has a better chance in polls?

Saudi World Cup team´s plane suffers mystery engine fire

Nadra's data breach: A well conceived plan for Pre-poll rigging

No end of honor killing : Another Teen girl shot dead for ‘honour’

Iran president rules out military approach to Yemen crisis

A surprise visit: Netanyahu meets Jordan's King Abdullah II

UK PM, Bin Salman Discuss Confronting Iran

Punjab CM Askari takes notice, demands report on bus hostess murder case

ECP should cancel registration of Rah-i-Haq Party – by Aamir Hussaini

UN Rejects Plan for Immediate Ceasefire in Yemen Port

31 killed in Nigeria suicide blasts

Reham claims PTI scared of her book's contents

Kabul library bus drives Afghan children to read

World Cup 2018: Mexico upset defending champs Germany 1-0

Has PTI closed her doors for Ch.Nisar Ali Khan?

Are Iran and Israel heading toward open warfare?

India should seriously consider 'limited war' with Pakistan: BJP leader

The end of Fazlullah

Did someone attempt to poison Kusloom Nawaz?

Messi misses penalty as Iceland hold out for draw

At least 26 dead in Afghanistan suicide attack during Eid ceasefire

Mullah Fazlullah: Ruthless TTP chief who green-lighted 2014 Peshawar carnage

Ronaldo hat-trick earns Portugal draw with Spain in thriller

Pakistan celebrates Eid with religious zeal and fervour

“Saudi Arabia must not purchase Russian S-400”; Washington threatens its ally with sanctions

State terrorism: India'Rising Kashmir editor-in-chief Shujaat Bukhari gunned down

Dynasties, old and new: How Imran Khan disappointed his workers?

UN on Kashmir: Would mere statement enough to stop Genocide of Kashmiris?

Shellshocked Spain face Portugal in early World Cup treat

Battling depression in educational institutes

Saudi-led warships doomed to destruction: Yemen’s Navy

Kulsoom Nawaz in Critical condition after Cardiac arrest: Maryam asks for prayers

Soccer diplomacy: Is Putin looking for a thaw between Iran and Saudi Arabia?

US drone strike reportedly kills senior TTP chief Mullah Fazlullah in Afghanistan

Fortifying speculations of death: Saudi crown prince absent from King Salman meeting with 24 princes

MWM Chief hosts Iftar party in honour of ambassadors of Muslim countries

UN agency hopes to win reprieve for Afghan refugees

'Man buries deceased father in brand-new BMW in Nigeria'

Eid-ul-Fitar likely on Saturday in Pakistan

Musharraf barred from contesting election

A book against Imran Khan: Is it a last weapon against PTI chief?

NA-247: A dictator, a mayor, an activist – who deserves Karachi’s hot seat?

Five Pakistani students graduate from South Asian University in New Delhi

Yemeni troops repel Saudi attack on Hudaydah port

Saudi Arabia ruined Morocco's World Cup bid, Moroccans say

Pakistan team seals series against Scottish kids

Complicity in War Crimes: UK Facilitating Suspicious Arms Flow to Saudi Arabia

Trump: Our rocket strike against Syria last year was a warning to China!

Did Nawaz deliberately asked Khawaja Haris to quit?

The withdrawal of UN and Red Cross forces from Hodiedah port in Yemen

Can election commission stop JuD offshoots to contest elections?

A Test of nerves for Afghanistan in debut against India

2017-11-05 10:27:00

Saudi Arabia arrests princes, ministers in sweeping purge

 

Saudi Arabia arrested 11 princes, including a prominent billionaire, and dozens of current and former ministers, reports said, in a sweeping crackdown as the kingdom’s young crown prince consolidates power.

Separately, the head of the Saudi National Guard, once a leading contender to the throne, as well as the navy chief and the economy minister were replaced in a series of high-profile sackings that sent shock waves in the kingdom.

The crackdown was reported immediately after a new anti-corruption commission, headed by powerful Crown Prince Mohammed bin Salman, was established by royal decree late Saturday.

Saudi-owned Al Arabiya television reported that the princes, four current and dozens of former ministers were arrested as the commission launched a probe into old cases such as floods that devastated the Red Sea city of Jeddah in 2009.

ADVERTISEMENT

State-run Saudi Press Agency said the commission’s goal was to “preserve public money, punish corrupt people and those who exploit their positions”.

Saudi billionaire Prince Al-Waleed bin Talal was among those arrested, Saudi news websites said though there was no official confirmation. The prince was not reachable for comment.

An aviation source told AFP that security forces had grounded private jets in Jeddah, possibly to prevent any high-profile figures from leaving.

Meanwhile, the kingdom’s top council of clerics tweeted that anti-corruption efforts were “as important as the fight against terrorism”, essentially giving religious backing to the crackdown.

“The breadth and scale of the arrests appears to be unprecedented in modern Saudi history,” said Kristian Ulrichsen, a fellow at the Baker Institute for Public Policy at Rice University.

“The reported detention of Prince Al-Waleed bin Talal, if true, would send shock waves through the domestic and international business community,” Ulrichsen told AFP.

Shares of ‘arrested’ Saudi billionaire’s company dive
Shares in Kingdom Holding, 95 per cent of which is owned by Prince Al-Waleed bin Talal, dived 9.9pc as the Saudi stock exchange opened Sunday after reports of his arrest.

The Saudi Tadawul All-Shares Index (TASI) also dropped 1.6pc only a minute after the start of trading on the Arab world’s largest stock market following news of the crackdown.

The Kingdom Holding share price did not slide further because, under the rules of the Saudi exchange, stocks are only allowed to fall a maximum of 10pc in a single trading session.

Since the start of 2017, Kingdom Holding has lost around 15pc of its market value.

The latest fall came despite the company announcing earlier on Sunday that its profit for the third quarter and the first nine months of the year increased.

Kingdom Holding is one of Saudi Arabia’s most important investors with shares in the Euro Disney theme park, US tech giant Apple and Rupert Murdoch’s News Corporation, among others.

It also has key stakes in banks at home and abroad, as well as a number of investment, media and agricultural companies.

Widening crackdown
The purge comes less than two weeks after Prince Mohammed welcomed thousands of global business titans to Riyadh for an investment summit, showcasing his economic reform drive for a post-oil era.

It follows a wave of arrests of influential clerics and activists in September as the 32-year-old prince, often known as MBS, cements his grip on power.

Analysts said many of those detained were resistant to Prince Mohammed’s aggressive foreign policy that includes the boycott of Gulf neighbour Qatar as well as some of his bold policy reforms, including privatising state assets and cutting subsidies.

The latest purge saw Prince Miteb bin Abdullah sacked as the head of the National Guard, an elite internal security force. His removal consolidates MBS’s control of the kingdom’s security institutions.

To analysts, MBS’s meteoric rise has seemed almost Shakespearean in its aggression and calculation. In June, he edged out a 58-year-old cousin, Prince Mohammed bin Nayef, to become heir to the throne.

At the time, Saudi television channels showed the bearded MBS kissing the hand of the older prince and kneeling before him in a show of reverence.

Western media reports later said that the deposed prince had been placed under house arrest, a claim strongly denied by Saudi authorities.

Already viewed as the de facto ruler controlling all the major levers of government, from defence to the economy, the prince is widely seen to be stamping out traces of internal dissent before a formal transfer of power from his 81-year-old father King Salman.

At the same time, he has projected himself as a liberal reformer in the ultra-conservative kingdom with a series of bold moves including the decision allowing women to drive from next June.

Foreign diplomats predict MBS, set to be the first millennial to occupy the Saudi throne, could well be in control of Saudi Arabia for at least half a century.

Categories:  
Tags:   Saudia ، Waleed bin Talal ، Kingdom ،
From other agencies (RSS Reader)