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It’s a reasonably quiet day for the UAE in the foreign press, with only two stories worth noting: Bloomberg has a feature on the UAE’s buying spree in Egypt, most recently exemplified in a USD 35 bn investment in Ras El Hekma, while CNBC talks to Damac Properties boss Hussain Sajwami, who said reports around the flooding in the UAE were “over exaggerated,” and that there were “pockets of problems” but the country managed to recover quickly.
Damac Properties boss says UAE floods were “overexaggerated”
Plus: ADQ’s USD 35 bn acquisition of development rights of Egypt’s Ras El Hekma gets ink
