Saudi Arabia will check internal Islamic State threat

Significance

His speech came a day after a series of suicide bombings, almost certainly carried out by Islamic State group (ISG)'s local affiliates. The attacks, intended to mark the end of the holy month of Ramadan, were largely unsuccessful, but were unusual due to their apparent nationwide coordination, and their targeting of one of Islam's holiest sites, the complex of the Prophet's Mosque in Medina.

Impacts

• Continuing ISG attacks will reduce confidence in the economy, setting back the ambitious plan for economic transformation by 2030.
• However, the group's limited capabilities mean it is unlikely to pose a serious threat to business and the oil sector.
• The Medina attack is likely to damage ISG's standing among salafi-jihadists, and increase support for Saudi Arabia in the Muslim world.