Wednesday, Oct 16
Prince Salman stripped of economic authority

Prince Salman stripped of economic authority

Saudi Crown Prince Mohammed bin Salman has been stripped of some of his financial and economic authority following the fallout over Khashoggi murder.
19.03.2019 - 09:51

Saudi Crown Prince has been stripped of some of his powers by King Salman, The Guardian reports. The heir to the Saudi crown has been absent from a number of high-profile meetings in recent weeks, the paper says.

ADVISER WILL OVERSEE INVESTMENT DECISIONS

The king is said to have asked Bin Salman to be at this cabinet meeting, but he failed to attend. While the move has not been declared publicly, it has been told that one of the king’s trusted advisers, Musaed al-Aiban, who was educated at Harvard and recently named as national security adviser, will informally oversee investment decisions on the king’s behalf.

The relationship between the king and his son has been under scrutiny since the murder of Saudi journalist Jamal Khashoggi, which was alleged to have been ordered by Prince Mohammed and provoked international condemnation of the crown prince. This has been denied by the Saudi government.