Wynn Resorts’ USD 4 bn project on the Marjan Islands in Ras Al Khaimah has sparked a construction boom in the emirate, transforming the once-quiet area into a bustling development hub, Bloomberg writes. The new projects, driven by anticipation of Wynn’s casino and resort, aim to attract mns of visitors and significantly boost the local economy.
PLUS: US’ sanctions against several Hong Kong and UAE firms for trade in gold produced by a Russian miner got ink in Reuters.