Mr. Sagar is telling on World Wide economy crises

Saudi Arabia’s King Abdullah bin Abdulaziz is dead

23 01 2015

Saudi Arabia’s King Abdullah bin Abdulaziz  died in hospital. He was undergoing treatment for pneumonia. An official statement has named Saudi Crown Prince Salman the new king.
“His Highness Salman bin Abdulaziz Al Saud and all members of the family and the nation mourn the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz, who passed away at exactly 1 a.m. this morning,” said the statement on Saudi Arabian state TV channel attributed to Salman.
Salman has immediately appointed his half-brother Muqrin as his crown prince and heir.
King Abdullah had been in hospital for several weeks as he had been suffering from pneumonia and temporarily needed to breathe through a tube on account of his illness.
US President Barack Obama has expressed his condolences and praised the late Saudi King for his “steadfast and passionate belief in the importance of the US-Saudi relationship as a force for stability and security in the Middle East and beyond.”
Meanwhile, Egypt’s President Abdel Fattah al-Sisi has announced that he will be leaving the World Economic Forum in Davos, Switzerland in order to travel to Saudi Arabia and pay his respects. Abdullah was officially appointed king in 2006, but prior to that he had run the country for at least 10 years as de facto regent, after his predecessor, King Fahd, suffered a debilitating stroke.
King Salman the new head of state of the number one oil exporter in the world is thought to be 79 years old. King Salman was appointed Crown Prince in 2012 and in the same year started serving as a defense minister. Before assuming these responsibilities, he had been governor of Riyadh province for five decades.
Abdullah was a staunch US ally, who supported the western fight against Al-Qaeda and maintained attempts to keep rival Shia Iran in check. Under his rule, Saudi Arabia strongly backed Syrian rebels trying to overthrow the government of Syrian President Bashar Assad. The monarch had also been the first international head of state to congratulate the interim government of Egypt after the July 2013 military coup deposed Mohamed Morsi.
King Abdullah implemented some modest reforms in the areas of women’s rights and economic deregulation, but largely stayed away from any severe changes to the kingdom’s political system. King Salman is said to be part of the royal circle that will continue to pursue similar policies.