'Trump Factor' Seen in Naming of New Saudi Crown Prince

US President Donald Trump with Prince Mohammed bin Salman now installed as Saudi Arabia's crown prince in March

US President Donald Trump with Prince Mohammed bin Salman now installed as Saudi Arabia's crown prince in March

Earlier this week, the Saudi King Salman Bin Abdulaziz in a royal decree relieved Prince Muhammed Bin Nayef from his position, and declared Prince Muhammed Bin Salman as the Kingdom's Crown Prince.

The move will have wide-ranging implications for Saudi Arabia. Our security and intelligence cooperation is vital as we tackle the shared threat of terrorism and our growing trade and investment ties are important for the prosperity of all our citizens.

"Soft coup in Saudi Arabia", ran the front page headline in Kayhan, a hard-line paper whose editor is appointed by supreme leader Ayatollah Ali Khamenei.

Bin Salman's visit to the USA earlier this year paved the way for President Donald Trump's trip to Saudi Arabia, portrayed by the kingdom as an endorsement of its leadership role in the region.

In two royal decrees in April, the Saudi king named two of his other sons, Prince Abdulaziz bin Salman and Prince Khaled bin Salman, as state minister for energy affairs and ambassador to the United States, respectively, Press TV reported. "They discussed efforts to achieve a lasting peace between the Israelis and the Palestinians", the White House said in a statement after the call.

He has also taken a hard line on Iran, saying in a television interview last month that dialogue with the Shiite power was impossible because it sought to take control of the Islamic world.

Both young princes hail from the powerful Sudairi branch of the royal family.

Tadawul and Saudi Arabia's Capital Market Authority, the regulator, have made a series of reforms as part of efforts by the kingdom to broaden its investment base and diversify the economy. A high-profile role in managing the entire kingdom is captured by bin Salman and he has the mission to transform the economy.

Another youth said Saudi Arabia today entered a strong path for the future since the youth are driving the rudder with the Vision 2030.

The surprise announcement follows 2-1/2 years of already major changes in Saudi Arabia, which stunned allies in 2015 by launching an air war in Yemen, cutting back on lavish subsidies and proposing in 2016 the partial privatisation of state oil company Aramco.

The new heir to the Saudi throne has been cultivating ties to some of the most influential officials in Donald Trump's White House, already dining twice with the president's daughter Ivanka Trump and son-in-law Jared Kushner.

The king accompanied his son's elevation with measures to woo the many Saudis who work for the government, either as civilian or military personnel. Previously the 31-year old was deputy crown prince. Noteworhty, Iran, which is predominantly Shi'ite Muslim, and Saudi Arabia, which is mostly Sunni, compete for power and influence across the region.

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