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- November 1, 202614°
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- USD49.86+0.15%
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- INTEREST36.00%-1.00
- BITCOIN77,646+0.27%
- November 1, 202614°
The Economist: Three of Mohammed bin Salman's key bets are failing at once
The British magazine The Economist writes that the Saudi crown prince’s bets on security, the Vision 2030 program and closeness to Trump have all come under threat amid Houthi attacks and the war with Iran.
In an analysis titled “Everything is going wrong for Mohammed bin Salman,” the British magazine The Economist writes that the Saudi crown prince’s three main bets are failing simultaneously.
In the area of security, the magazine says that the confrontation with the Iran-backed Houthis has not produced the desired result for Riyadh: the Houthis have been firing missiles and drones at the Saudi capital for weeks. The growing threat is making it harder to convince the world that the kingdom remains a safe place for investment.
In the economy, the Vision 2030 program has come under pressure: financing problems and project delays are being compounded by the need to direct resources toward security.
The third bet was U.S. President Donald Trump. The magazine writes that Riyadh believed it had influence over him and sought his favor by promising huge investments in the United States and striking deals with his family, but this did not stop him from launching what the publication described as a catastrophic war.
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