Saudi crown prince consolidates power after round of arrests

Saudi Arabia's King Salman (left) speaks to his son, Crown Prince Mohammed bin Salman (right). Photo: Hassan Ammar / AP

Saudi Arabia's crown prince, Mohammed bin Salman, ordered the arrests of dozens of influential people, including 11 of his royal cousins and Prince Alwaleed bin Talal — the billionaire Saudi investor in Apple, Twitter and the Four Seasons.

  • The big picture: His move, "presented as a crackdown on corruption," appears to be "the most sweeping transformation in the kingdom's governance for more than eight decades," NYT's David Kirkpatrick reports.
  • But, but, but: "Crown Prince Mohammed's haste ... may now come at a price, because the lack of transparency or due process surrounding the anticorruption crackdown is sure to unnerve the same private investors he hopes to attract — including through a planned stock offering of the huge state oil company, Aramco."