It's the first known investment by a Middle Eastern airline into an east Asian carrier.
The state-owned Gulf carrier has become the third-largest shareholder of Cathay Pacific with $662 million share purchase.
In May, Cathay announced plans to cut around 600 jobs to "improve the speed and quality of decision-making and putting a greater focus on its customers" as a response to increased competition from Asia's low-priced carrier market. Cathay Pacific also counts Air China (29.99 percent) and Swire Pacific Ltd. (45 percent) as its two other strategic shareholders, with Qatar Airways now making up the trio.
Cathay Pacific chief executive Rupert Hogg said as members of the Oneworld alliance, "we look forward to a continued constructive relationship".
Tremors were felt in early morning trading as Cathay's share slipped to HK$12.56 (US$1.6) - a drop of -4.6% - after opening at HK$13.14 (US$1.68), but climbed to trade at approximately HK$13.00 (US$1.66) in the afternoon session (correct at the time of writing). It holds 20 per cent in International Airlines Group (the parent company of Aer Lingus, British Airways, Iberia and Vueling), 10 per cent of LATAM Airlines Group and 49 per cent in Italian carrier Meridiana.
The troubled Hong Kong carrier in August reported a massive net loss of $262 million (HK$2.05 billion) for the first half of 2017 as it struggled with intense competition from rivals.
Doha-based Qatar Airways has taken a 6.9% stake in Cathay Pacific.
Cathay flew between Hong Kong and Qatar Airways' Doha hub as part of a codeshare arrangement between 2014 and 2016.
Goerges sealed back-to-back titles to end her season following her win in the Kremlin Cup in Moscow last month. The German, however, managed to keep her unforced errors to just nine while Vandeweghe had 22.
The documents show that Ross still has interest in Navigator Holdings, which was partially owned by his investment company. Putin's government has denied interfering in the election and Trump has denied any collusion with Russian Federation .
Eagles tight end Zach Ertz will be held out of Sunday's game against the Denver Broncos with a hamstring injury. The Philadelphia Eagles went from very good to downright scary with the addition of running back Jay Ajayi .
All-female units were also assigned to protect former first lady Michelle Obama during her visits to Asian countries. The Times said the mixed reaction to her appearance could reflect entrenched attitudes towards women in Japan.
Some 600 asylum seekers and refugees have barricaded themselves in the Manus Island complex, which officially closed last Tuesday. He said the U.S. refugee resettlement deal, which will take up to 1250 people, was the priority.
Certain models of extinguishers also come equipped inside commercial trucks, RVs, and personal watercraft like a boat of jet ski. The recall involves two styles of Kidde fire extinguishers: those with plastic handles and those with a push-button on top.
Modi said the BJP had given an identity to the country. "They have already left the field leaving everything on fate", he said. Elections come and go, chairs come and go, but my commitment is to serve the people of this country, says PM Modi.
While BJP leaders like Vinay Katiyar called Kamal "mentally unstable", the RSS has also hit out at the actor. The actors also urged the people to get involved in relief work in flood-affected parts of Tamil Nadu.
Namajunas follows her to the floor and tries to make her ground game work, but JJ does well to quickly get back to her feet. On using trash talk to hype fights: " There's just been a lot of trash talking ".