The Latest on Saudi Arabia’s King Salman appointing his son Mohammed bin Salman as crown prince (all times local) :
RIYADH, Saudi Arabia (AP) — The Latest on Saudi Arabia’s King Salman appointing his son Mohammed bin Salman as crown prince (all times local) : 3: 35 p.m. Bahrain’s king and other royal family members have congratulated Saudi Arabia’s new crown prince. The tiny island off the coast of Saudi Arabia sent several messages on Wednesday welcoming the ascension of Crown Prince Mohammed bin Salman, the son of King Salman. Chief among them was Bahraini King Hamad bin Isa Al Khalifa. Bahrain, home to the U. S. Navy’s 5th Fleet, relies on the aid of Saudi Arabia. Saudi and Emirati troops helped put down its 2011 Arab Spring protests, launched by Bahrain’s Shiite majority and others seeking more political freedoms from its Sunni rulers. ___ 3: 30 p.m. The Saudi stock market has closed up over 5.5 percent after news that King Salman appointed his 31-year-old son as next in line to the throne. The Saudi Tadawul index, the largest in the Middle East, also was boosted by news on Wednesday that some benefits for civil servants were being restored. The Tadawul also cleared a major hurdle from the global stock benchmark provider MSCI to be included among its emerging markets. That’s something closely followed by fund managers and could mean a lot more foreign investment coming into the kingdom. ___ 3 p.m. The United Arab Emirates’ most-powerful leaders have welcomed Saudi Arabia’s new crown prince. A statement Wednesday afternoon on the state-run WAM news agency said UAE President Sheikh Khalifa bin Zayed Al Nahyan, Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum and Abu Dhabi crown prince Sheikh Mohammed bin Zayed Al Nahyan all offered their congratulations. The UAE, a federation of seven sheikhdoms bordering Saudi Arabia, has been a major point of Saudi investment, especially in Dubai. The Emirates is also fighting alongside Saudi Arabia in the war in Yemen, which new Crown Prince Mohammed bin Salman has been leading. ___ 2 p.m. Iran’s state TV says the Saudi Arabian monarch’s decision to promote his high-profile son to crown prince amounts to a «soft coup.» Saudi Arabia’s King Salman appointed his 31-year-old son Mohammed bin Salman as crown prince early Wednesday, removing the country’s counterterrorism czar and a figure well-known to Washington from the royal line of succession. Sunni-ruled Saudi Arabia and Shiite-majority Iran are bitter rivals that back opposing sides in the wars in Syria and Yemen. Crown Prince Mohammed has adopted a hard line against Iran, ruling out any dialogue. He also played a central role in the decision to isolate Qatar, in part because of its ties to Iran, and in escalating the Saudi-led war against Yemeni rebels supported by Tehran. ___ 1 p.m. Iran has called on Saudi Arabia to immediately release three detained Iranians that it says were fishermen but that Saudi authorities say were trying to carry out an attack. Iran’s Interior Ministry said Wednesday that the Saudi government should «compensate» the detainees and «punish the agents of this irresponsible action.» Saudi Arabia says the three were Revolutionary Guard members. It says their boat was loaded with explosives and they were heading toward the Marjan offshore oil field in the Persian Gulf when they were apprehended on Friday. Iran has denied the allegations, saying they were fishermen whose boat was carried off course. The two countries are bitter regional rivals, and severed diplomatic ties last year. ___ 12: 35 p.m. Saudi Arabia’s top clerical council has endorsed King Salman’s decision to put his 31-year-old son next in line to the throne. The Council of Senior Scholars issued the statement Wednesday via the state-run Saudi Press Agency about the ascension of Mohammed bin Salman to the role of crown prince. The council is the highest religious body in the ultraconservative Sunni kingdom. Its members are appointed by the king and paid by the government. King Salman issued a series of royal decrees early Wednesday stripping Prince Mohammed bin Nayef from his title as crown prince and from his post as the country’s powerful interior minister overseeing security. The newly announced Crown Prince Mohammed, who also serves as defense minister and oversees a vast economic portfolio, had previously been second in line to the throne. ___ 11: 50 a.m. The Saudi stock market is up over 4 percent after news that King Salman has placed his 31-year-old son next in line to the throne. The Saudi Tadawul index, the largest in the Middle East, also was boosted by news that some benefits for civil servants were being restored. The Tadawul also cleared a major hurdle from the global stock benchmark provider MSCI to be included among its emerging markets. That’s something closely followed by fund managers and could mean a lot more foreign investment coming into the kingdom. ___ 11: 35 a.m. Kuwait’s ruling emir has welcomed Saudi Arabia’s new crown prince. Sheikh Sabah Al Ahmad Al Sabah sent a cable of congratulations Wednesday to King Salman over his elevation of his son, 31-year-old Mohammed bin Salman. That’s according to a statement carried by Kuwait’s state-run KUNA news agency. King Salman issued a series of royal decrees early Wednesday stripping Prince Mohammed bin Nayef from his title as crown prince and from his post as the country’s powerful interior minister overseeing security. The newly announced Crown Prince Mohammed, who also serves as defense minister and oversees a vast economic portfolio, had previously been second in line to the throne. ___ 8: 55 a.m. Saudi state media says the kingdom’s former crown prince has pledged his allegiance to King Salman’s son, 31-year-old Mohammed bin Salman, whom he appointed in his place. The state-run Saudi Press Agency said Prince Mohammed bin Nayef, who once was first in line to the throne, met with Crown Prince Mohammed bin Salman at a royal palace in Mecca on Wednesday morning. Saudi state television aired footage of the two meeting, with the new crown prince kissing Prince Mohammed bin Nayef’s hand, then kneeling down in front of him. The newly announced Crown Prince Mohammed, who also serves as defense minister and oversees a vast economic portfolio, had previously been second in line to the throne. ___ 8: 40 a.m. An analyst who studies the Gulf says the appointment of Saudi King Salman’s son as crown prince could have a big effect on the kingdom. Kristian Coates Ulrichsen, a Seattle-based research fellow at the James A. Baker III Institute for Public Policy at Rice University, says the appointment of Mohammed bin Salman could set Saudi policy for decades just due to his young age. Ulrichsen tells The Associated Press that Mohammed bin Salman’s appointment also removes the challenge of having an increasingly elderly set of royals rule the kingdom. However, the analyst says the speed at which the new crown prince has pushed his assertive policies, including the war in Yemen and an effort to privatize part of the kingdom’s state-run oil company, has unnerved some within the royal family.
