U.A.E.’s Habtoor Says He’s Been Buying Pounds After Decline
- Al Habtoor may buy hotels in Austria, Hungary, Czech Republic
- Company will wait until after September for investment in U.S
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Dubai billionaire Khalaf Al Habtoor has been buying the British pound after it weakened against the U.S. dollar and said he’s seeking to expand in Europe.
“We’re expanding overseas right now’’ mostly in “safe regions,’’ Al Habtoor told Bloomberg Television in an interview Thursday. “We also bought a lot of pound sterling.”