Saudi Arabia needs to make far-reaching domestic and foreign policy changes, and the measures announced in April 2015 by King Salman mark the first steps in that direction. The recent appointment of two crown princes signals a generational shift, and the creation of two Royal Councils for foreign and economic policy point to professionalism and transparency in government. The influence of the Wahhabi clergy has also been further reduced.
The slump in oil prices poses the risk that the needed measures to diversify the economy will be delayed. However, the Saudi leadership is unwilling to limit production, because it fears its market share could suffer and wants its competitors to feel ...
