Ras El Hekma is once again leading the conversation on Egypt in the international pages: Bloomberg is out with a piece and a 48-minute podcast exploring the strategic aims of the UAE that lie behind its decision to invest USD 35 bn in Egypt’s North Coast.

Fast fact that we here at Enterprise hadn’t twigged to: The UAE is deploying a sum equal to 7% of its GDP, write Mirette Magdy, Ziad Daoud, and Michael Gunn.

ALSO- A major fire broke out at Al Ahram Studio in Giza in the early hours of Saturday, destroying the 80-year-old production site and causing damage to the facades of seven neighboring buildings, according to a cabinet statement. At least 14 people were injured.

The story received ink from: BBC and AFP.

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