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UAE Emirates Risk Management Report:Dubai’s political and economic renaissance continues

Risk Management Reports
Issue 966 - 20 Mar 2014 | 1 minute read

The UAE has pledged billions of dollars to support Egypt’s new administration, which overthrew the Muslim Brotherhood leadership in July. Reports suggest the UAE has since given Egypt $4.9bn, plus a $2bn deposit in the central bank. On 9 March, Arabtec Holding, Dubai’s largest listed construction firm, agreed with the Egyptian army to build a million houses in Egypt in a project worth more than $40bn.

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