Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Latest News

Saudi power shift risks skidding on oil slick

byCT Report
24/06/2017
in Latest News
Share on FacebookShare on Twitter

RIYADH: Reading tea leaves in the convoluted world of Saudi politics can be tricky. So, Moscow’s jubilation over the appointment of Mohammed bin Salman as the Crown Prince of Saudi Arabia and the next in line to the throne is intriguing. The Crown Prince whom King Salman dismissed, Mohammed bin Nayef (MbN), had held the post of Saudi Arabia’s interior minister continuously since 2012 and had years of experience in intelligence work. MbN used to be regarded as the most pro-American of the Saudi leadership. In February, Mike Pompeo made his first overseas tour as CIA chief to Riyadh to confer the George Tenet Medal on MbN in recognition of his “excellent intelligence performance in the domain of counter-terrorism and his unbound contribution to [realizing] world security and peace”. Just four months later, King Salman has dismissed MbN.

Presumably, Moscow would heave a sigh of relief that MbN has been retired. More importantly, Russian state news agency TASS promptly carried a report – quoting expert opinion, of course – that the new Crown Prince may be “ready to reach compromises concerning complex regional issues – the crises in Syria and Yemen.” The TASS report gave fulsome praise to MbS’ “political farsightedness by building trust-based dialogue with the Russian authorities, particularly with President Vladimir Putin”, which has taken the Saudi-Russian relations to “an unprecedented high in the past years”, and leading to a partnership that “opens the door to resolving conflicts in the Middle East.”

You might also like

Millers seek export of 633,000 tonnes of surplus sugar

13/08/2026

Petroleum levy collection surges to Rs1.567tr in FY26

13/08/2026
Tags: Saudi power shift risks skidding on oil slick

Related Stories

Millers seek export of 633,000 tonnes of surplus sugar

byCT Report
13/08/2026

KARACHI: The sugar mill owners have again urged Food Security Minister Rana Tanveer Hussain to allow the export of 633,000...

Petroleum levy collection surges to Rs1.567tr in FY26

byCT Report
13/08/2026

LAHORE: The government collected Rs1.567 trillion through the Petroleum Levy (PL) in fiscal year 2025-26. The figure exceeded the revised...

KP cabinet approves sales tax relief for Malakand, tribal areas, clears Rs5b youth programme boost

byCT Report
13/08/2026

PESHAWAR: The Khyber Pakhtunkhwa cabinet has approved two draft notifications granting sales tax relief to local service providers and industrial...

KCCI pledges to make Pakistan more prosperous on Independence Day

byCT Report
13/08/2026

KARACHI: Businessmen Group (BMG) Chairman Zubair Motiwala and Karachi Chamber of Commerce & Industry (KCCI) President Muhammad Rehan Hanif have...

Next Post

Stronger trade ties with Russia stressed

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.