Russia may have to spend more
than $40 billion this year to avert a banking crisis, as the
growing likelihood of a sharp recession threatens to pile
extra costs on a sector suffering from Western sanctions over
Ukraine and a plunge in the rouble.
Saudi Arabia's King Abdullah,
one of the richest men in history, was carried in a simple
white shroud to an unmarked grave on Friday in a Riyadh
cemetery where many of his commoner subjects rest, in keeping
with ascetic traditions.
Saudi Arabia's new Crown Prince
Muqrin represents the biggest break from the kingdom's
tradition of any of his predecessors in the role - both
because of his lowly maternal birth and his foreign
Israeli Prime Minister Benjamin Netanyahu announced he will
address the US Congress during a March visit likely to drive
home differences with the Obama administration over whether
to impose additional sanctions on Tehran.