• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

3

Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

3

Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”
Mohammed bin Salman

Saudi Prince’s Allies Retain Key Jobs in Post-Khashoggi Shakeup

By
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Bloomberg
Bloomberg
Down Arrow Button Icon
December 27, 2018, 1:51 PM ET
ALGERIA-SAUDI-POLITICS-DIPLOMACY-ROYALS
Saudi Crown Prince Mohammed bin Salman keeps some key cabinet members, adds others.RYAD KRAMDI AFP/Getty ImagesRyad Kramdi—AFP/Getty Images
Add Fortune on Google for similar content.

Saudi Arabia kept key supporters of Mohammed Bin Salman in their cabinet jobs and brought in some new ones, in the first major government shake-up since the kingdom and its crown prince became the focus of an outcry over the killing of Jamal Khashoggi.

The ministers of finance, energy, economy, and trade — senior members of the crown prince’s team — retained their positions in an overhaul announced on Thursday when a series of royal decrees issued by King Salman was read out on national television.

The king also promoted several young royals, many of whom have worked with the 33-year-old heir to the throne. Prince Abdullah bin Bandar bin Abdulaziz was appointed to head the powerful National Guard, while other princes were named as provincial rulers.

Khashoggi’s murder by government agents triggered a wave of international outrage and fueled speculation that the king may curtail his son’s powers. Instead, the appointments are a sign that the prince is consolidating his position “as he appoints key allies,” according to Ali Shihabi, head of the Arabia Foundation, a pro-Saudi think tank in Washington. He, however, said the changes were in line with a law that requires the cabinet to be replaced or reappointed every four years, rather than a reaction to the killing.

The younger princes who were named to the cabinet and as provincial governors represent the “new generation of royalty,” according to Mohammed al-Sheikh, a minister also seen as a key member of the crown prince’s team. “The vast majority of them have served within the royal court for a period of time, they attended meetings with his royal highness the crown prince and worked under his supervision,” he said in a telephone interview.

Russian Support

The Khashoggi killing has strained the decades-old Saudi-American alliance. U.S. President Donald Trump has declared his continued support for Prince Mohammed, touting Saudi weapons purchases as well as the kingdom’s role in containing Iranian influence.

But leading lawmakers, including Republican allies of the president like Senator Lindsey Graham, blame Prince Mohammed for the murder and say the Central Intelligence Agency backs that conclusion. The Saudis are also coming under increasing pressure to end their military campaign in Yemen against rebels backed by Iran.

Read More: Russia Warns U.S. Against Interfering in Saudi Royal Succession

The Saudi government has repeatedly denied the crown prince’s involvement in Khashoggi’s killing. Russia, increasingly influential in the region, has expressed support for Prince Mohammed. President Vladimir Putin’s chief Middle East envoy on Tuesday warned the U.S. against trying to influence the royal succession.

Other allies of the crown prince who remained in power include Turki Al Alshikh, a royal adviser whose fate has been subject to speculation. He was moved sideways, from chief of the sports authority to a similar post overseeing entertainment.

‘Major Overhaul’

King Salman also appointed a new chief of public security and ordered an overhaul of the foreign ministry. He put Ibrahim Al-Assaf, a former finance minister, in charge of reshaping its bureaucracy, naming him as foreign minister to replace Adel al-Jubeir.

Al-Jubeir, whose title was changed to the minister of state for foreign affairs, will remain the public face of Saudi diplomacy and “continue to represent the kingdom,” al-Sheikh said. “But the ministry requires a major overhaul,” he said. Al-Assaf “will lead that effort. He will be responsible for the development of our foreign policy institutions.”

Kamran Bokhari, a foreign policy specialist at the University of Ottawa’s Professional Development Institute, said Thursday’s reshuffle is part of a “public relations” drive, intended to show “that the government is not just running amok killing its own citizens in consulates, and that there is serious reform underway.”

Also, he said, King Salman and Prince Mohammed “have to be able to make sure that they have qualified people at the top working for them who can deliver, and are of course loyal.”

About the Author
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in

U.S. President Donald Trump takes questions from the media during a bilateral meeting with President of Lebanon Joseph Aoun in the Oval Office of the White House on July 21, 2026 in Washington, DC.
EconomyTariffs
Trump’s new $950 billion tariff scheme still leaves a 40% shortfall in his plan to rebalance the $39 trillion national debt, CRFB says
By Eleanor PringleJuly 24, 2026
2 hours ago
U.S. Rep. Ted Lieu (D-CA) during the Democratic National Convention on August 22, 2024 in Chicago, Illinois. (Photo: Justin Sullivan/Getty Images)
NewslettersFortune Tech
An ‘AI Kill Switch Act,’ engaged
By Andrew NuscaJuly 24, 2026
2 hours ago
Photo: President Trump.
NewslettersMarkets
Trump weighs ‘massive attack’ on Iran as Tehran’s chokehold on oil gets tighter
By Jim EdwardsJuly 24, 2026
2 hours ago
Today’s top high-yield savings rates: Up to 4.50% on July 24, 2026
Personal FinanceSavings accounts
Today’s top high-yield savings rates: Up to 4.50% on July 24, 2026
By Glen Luke FlanaganJuly 24, 2026
3 hours ago
Top CD rates today, July 24, 2026: Lock in up to up to 4.45%
Personal FinanceCertificates of Deposit (CDs)
Top CD rates today, July 24, 2026: Lock in up to up to 4.45%
By Glen Luke FlanaganJuly 24, 2026
3 hours ago
Top CD rates from major banks July 24, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal FinanceCertificates of Deposit (CDs)
Top CD rates from major banks on July 24, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerJuly 24, 2026
3 hours ago

Most Popular

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
2 days ago
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Economy
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
By Sasha RogelbergJuly 23, 2026
22 hours ago
Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”
Personal Finance
Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”
By Joshua HongJuly 23, 2026
1 day ago
Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for
Big Tech
Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for
By Sydney LakeJuly 23, 2026
1 day ago
Current price of oil as of July 23, 2026
Personal Finance
Current price of oil as of July 23, 2026
By Joseph HostetlerJuly 23, 2026
1 day ago
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
Economy
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
By Sasha RogelbergJuly 22, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.