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Saudi Arabia Arrests 11 Princes Protesting Over Bills, Report Says

Saudi authorities made a fresh round of arrests of royal-family members as a group of princes staged a palace protest in the capital over the non-payment of their electricity and water bills. Security services on Thursday arrested the 11 princes after they refused to leave Qasr Al-Hokm in Riyadh, Saudi Arabia’s Attorney General, Sheikh Saud Al Mojeb, said in an emailed statement. The princes, who objected to a decree that ordered the state to stop paying their utility bills, will be held at al-Ha’er prison pending their trial, Al Mojeb said. “No…

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Haley Warns UN That Trump Is Watching Jerusalem Votes

Nikki Haley has a warning for her fellow UN ambassadors ahead of a key vote on Jerusalem this week: Read a QuickTake Q&A on the controversy over Jerusalem’s status “I liked the message that Nikki sent yesterday at the United Nations to all of those nations that take our money and then they vote against us in the Security Council, they vote against us potentially at the assembly,” Trump said. “They take hundreds of millions of dollars and even billions of dollars and then they vote against us. Well we’re…

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Asia’s Richest Banker Spots a Once-in-a-Lifetime Opportunity

For India, it’s a $207 billion mess, a pile-up of bad loans years in the making that’s dragging on growth. For the nation’s wealthiest banker, it’s the kind of opportunity that very rarely presents itself. What has billionaire Kotak Mahindra Bank Ltd., in an interview. “Through this you could actually get assets that would give disproportionate returns for long periods of time.” Funds controlled by Kotak Mahindra are looking at deals involving the assets and debts of some of the first 12 companies going through the bankruptcy courts, Kotak said. Industries…

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Qatar Airways Buys Cathay Pacific Stake for $662 Million

Cathay Pacific Airways Ltd., a deal that would help it gain a foothold in the world’s second-biggest aviation market. The Middle Eastern carrier will buy 9.6 percent of Cathay from Hong Kong-based Kingboard Chemical Holdings Ltd. and related companies for HK$5.16 billion ($662 million), according to a filing to the city’s stock exchange Monday. Chief Executive Officer Akbar Al Baker, confirming the deal, said the investment "further supports Qatar Airways investment strategy.” Shares of Cathay fell as much as 4.9 percent to HK$12.56 on Monday, the biggest intraday drop in…

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Yemen Rebels Say They Fired Missile at Saudi’s Main Airport

Yemen’s Houthi rebels said Saturday they’d targeted the international airport in Riyadh with a ballistic missile in a rare attack on one of the most vital targets in the Saudi capital. The projectile was aimed at King Khalid International Airport, located about 22 miles (35 kilometers) north of Riyadh, the rebel-controlled Saba news agency reported. Saudi state-run media said the kingdom’s air defenses intercepted a missile northeast of Riyadh, with no material damage to the airport. Residents in the capital said they heard a loud bang. Saudi Arabia and its…

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