Saudi Arabia’s new King Salman pledged continuity in energy and foreign policies on Friday and moved quickly to appoint younger men as his heirs, settling the succession for years to come by naming a deputy crown prince from his dynasty’s next generation. King Abdullah, who died early on Friday after a short illness, was buried in an unmarked grave in keeping with local religious traditions. By appointing his youngest half-brother Muqrin, 69, as Crown Prince and nephew Mohammed bin Nayef, 55, as Deputy Crown Prince, Salman has swiftly quelled speculation about internal palace rifts at a moment of regional turmoil. Oil prices jumped in an immediate reaction as news of Abdullah’s death added to uncertainty in energy markets. Salman, thought to be 79, takes over as the ultimate authority in a country that faces long-term domestic challenges compounded by the plunging price of oil in recent months and the rise of the Islamic State militant group in Iraq and Syria, which vows to toppled the Al Saud ruling family. Salman must navigate an intense rivalry with Shi’ite Muslim power Iran playing out in Iraq, Syria, Yemen, Lebanon and Bahrain, open conflict in two neighboring states, a threat from Islamist militants…
- President Barack Obama to meet, pay respects to new Saudi King
- New trends bolster chance of successful deployment of carbon capture and storage
- Saudi Arabia executes 37 people for alleged terrorism-related crimes
- Indonesia seeks Saudi help over suspension of entry for Umrah pilgrimage
- Oil rises as Saudi signals OPEC cuts to continue under new minister
- How Would New York City Respond to the Coronavirus?
- Monetary Policy: Non-standard steps, a seventies’ feel, and some risks
- King Salman of Saudi Arabia pulls out of US talks on Iran
- Saudi Arabia's attempt to reduce reliance on oil has the world rapt
- Saudi Arabia issues tourism visas as it adjusts its economy away from oil dependence
New Saudi king seeks to reassure on succession and policy have 304 words, post on at January 24, 2015. This is cached page on Europe Breaking News. If you want remove this page, please contact us.