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Over 8,600 companies fuel Ras Al Khaimah Free Trade Zone in 2016

RAS AL KHAIMAH FREE TRADE ZONE (RAK FTZ) has announced significant growth in the number of active companies from 8,000 to more than 8,600 hailing from over 100 countries and representing more than 50 industry sectors. Ramy Jallad, Acting CEO of RAK FTZ, noted that the impressive figure was driven by the free zone’s dedication in attracting foreign investors to …

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RAKBANK is first UAE bank with ISO 9001:2015 certification

RAKBANK is the first bank in the UAE to achieve the ISO 9001:2015 version certificate for its Branches and Inbound Contact Centre, certified by QCS Management Pvt Ltd and accredited by Joint Accreditation Systems – Australia New Zealand (JAS-ANZ). ISO 9001 certification benchmarks the standard of Quality Management System (QMS) of institutions based on the highest international standards and focuses …

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Ras Al Khaimah Business Licenses Grow by 8% in 2015

2348 New Establishments in 2015 Led by Trade and Services Sectors RAK Chamber of Commerce and Industry has revealed that the number of registered business licenses issued in the emirate grew by 8% last year compared to 2014. The trade, services, construction, and manufacturing sectors headed the list of registered companies throughout the emirate during the past year. Mohammed Al …

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RAK FTZ establishes new ties and investment opportunities in Ras Al Khaimah

Adelegation from the Ras Al Khaimah Free Trade Zone (RAK FTZ) was hosted by the US-UAE Business Council and the Los Angeles Chamber of Commerce at a luncheon panel, in Los Angeles, California, as RAK FTZ looks to cement existing relationships, establish new ties, and showcase investment opportunities in the emirate of Ras Al Khaimah (RAK). Following keynote remarks by …

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RAK Career Fair 2015 booms with 220 job applications

The Abu Dhabi Police General Headquarters received more than 220 job applications from Emirati job seekers hoping to find employment with the Police, in the first two days of the Ras Al Khaimah Career Fair, which was held from 3 to 5 March at RAK Exhibition Center. Brigadier Obeid Belhubalah Al Ketbi, Head of the Selection and Recruitment Department, the …

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RAKBANK raised an additional USD 300 million to its existing bond

RAKBANK

The National Bank of Ras Al-Khaimah P.S.C. (“RAKBANK”) successfully raised an additional USD 300 million funding as an add-on to its existing USD 500 million 3.250% bond due 24-June-2019. The additional funding was issued at a cash price of 100.875. The funding falls under RAKBANK’s USD 1 billion EMTN programme, which was set-up in June 2014. RAKBANK Chief Executive Officer, …

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RAK finds its pearl replica to complete UAE’s Guinness World Record

The Pearl Al Qumasha was installed as part of the “Seven Pearls in Love with the UAE” exhibit to mark the 43rd National Day. The replica is on Al Marjan Island waterfront, according to The National report. It has been informed that seven locations were chosen along the UAE coast for installing the pearls to complete the nationwide initiative and …

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UAE’s business activity growth swells to record high in October

Business activity growth in the United Arab Emirates’ non-oil private sector rose to a record high in October, helped by sharp gains in new orders and output, a survey showed recently. The HSBC UAE Purchasing Managers’ Index, which measures the performance of the manufacturing and services sectors, jumped to 61.2 in October, the highest level since the series began in …

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FEWA plans to aid water shortage in RAK

In the wake of combatting water shortage crisis, Julphar has organised water rationalising programme wherein water is pumped to the area for 36 hours straight and cut for 12 hours to supply water in other areas. A number of important projects will be launched in Ras Al Khaimah to address the problem of water shortage in the emirate. The Federal …

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RAKIA aims 50% growth in five years

Ras Al Khaimah Investment Authority (Rakia) is aiming a 50% hike on the count of firms it licenses over the next five years, and “aggressive” investment in the infrastructure of its new industrial park in Al Ghail, according to The National report The forward looking guidance was recently announced at an event in the emirate to celebrate the 10th anniversary …

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