Saudi’s King Salman on Holiday, Crown Prince in Charge

Saudi’s King Salman on Holiday, Crown Prince in Charge

Saudi’s King Salman on Holiday, Crown Prince in Charge

Saudi Arabia’s King Salman, 81 anni, left for Holiday abroad Monday and appointed his son, Crown Prince Mohammed bin Salman, 32, anni, to run the affairs of the world’s Top Crude Oil exporter in his absence, a Royal decree said.

It is standard practice for GCC leaders to hand over control to their deputy during travel abroad, it is the 1st time Mohammed bin Salman, has officially taken on the role since his sudden ascent to Crown Prince last month.

His promotion, replacing his cousin Prince Mohammed bin Nayef, 57 anni, ended 2 years of speculation about behind-the-scenes rivalry near the pinnacle of Royal power.

The agency did not say where the King was travelling or how long he would be absent. But an Arab diplomat said he was expected to spend his Holiday in Morocco.

The King’s decree posted on Saudi state news agency SPA said the Crown Prince would be in charge of “managing state affairs and taking care of the interests of the people during the period of our absence from the Kingdom.”

The movements of Monarch and other senior Royals in the US-allied, Top Crude Oil exporter are closely watched because of their immense executive power.

Apart from his role as Crown Prince, Mohammed bin Salman also serves as Defense Minister and leads an ambitious reform agenda to end Saudi Arabia’s reliance on Crude Oil.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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