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New Moroccan restaurant opens at Marjan Island Resort and Spa

Combining traditional Moroccan atmosphere and casual-chic Shisha Terrace, Marjan Island Resort & Spa has opened their third restaurant ‘Casa Maghrib’. Meaning the house of Morocco, Casa Maghrib is a continuation of the hotel’s Andalusian atmosphere as well as an introduction to the authentic Morocco paying tribute to the strong inter-connection between Andalusia and Morocco. More speciality restaurants (Lebanese, Italian, Asian …

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Air Arabia to start service from RAK airport on May 6

Air Arabia, the newly designated carrier of Ras Al Khaimah, joined the emirate’s tourism and aviation authorities to announce the operational details of its soon-to-open hub at RAK International Airport, its fourth international base and second in the UAE. During a joint press conference with the RAK Department of Civil Aviation (DCA) and the Tourism Development Authority, Air Arabia announced …

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RAK Airways suspends operations

UAE’s RAK Airways has announced the suspension of all operations starting January 1, 2014, and until further notice. The now-defunct airline released a statement: “The decision for suspending operations was taken following increased pressures on the carrier’s performance due to continuous market conditions, increased operating costs and the impact of the regional political instability on the overall aviation industry.” ‘‘The board …

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Hilton opens new hotel in Ras Al Khaimah

Hilton Worldwide has opened the DoubleTree Resort & Spa Marjan Island, located in UAE emirate of Ras Al Khaimah. The resort joins Hilton Worldwide’s portfolio of four hotels in Ras Al Khaimah, with the latest located on the trunk of the Marjan Island, one of five artificial islands close to the upscale area of Al Hamra. With sights of the …

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Ras Al Khaimah ruler establishes Social Solidarity Fund

In a bid to support students and scientific research at Ras Al Khaimah Medical and Health Sciences University, His Highness Shaikh Saud bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, has issued a fund allocation. The decision stipulates the establishment of a fund under the name ‘Social Solidarity Fund for Students and Scientific …

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Al Hamra Village bags prestigious ‘International Property’ Award

Al Hamra Real Estate Development (AHRED) has received the award for ‘Mixed-use Development – Ras Al Khaimah’ from the International Property Awards 2013. The prestigious award was awarded for the development of the Al Hamra Village by an international panel of judges as the best mix use development. Al Hamra Village is a stunning AED 1 billion development which presents …

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RAK Airways suspends operations

UAE’s RAK Airways announced today the suspension of all operations starting January 1st 2014 and until further notice. In a written statement today, the airline said, ‘The decision for suspending operations was taken following increased pressures on the carrier’s performance due to continuous market conditions, increased operating costs and the impact of the regional political instability on the overall aviation …

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RAKBANK reports 9.6% jump at AED 1.14 billion in profit

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RAKBANK, the leading retail and small business bank in the UAE, reported a net profit of AED 1.14 billion for the nine months ended 30th September 2013, reflecting a 9.6% increase over the same period last year. “RAKBANK’s rise in profit for the first nine months of 2013 from funded and non-funded income streams is a result of the bank’s …

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Ras Al Khaimah picks banks for potential sukuk issue

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The emirate of Ras al Khaimah has chosen five banks to organise meetings with fixed income investors ahead of a possible Islamic bond issue, according to a daily newspaper. Facilitated by the Investment and Development Office, RAK will also orchestrate roadshows with a US dollar-denominated sukuk issue following subject to market conditions, the report added. Abu Dhabi-based Al Hilal Bank, …

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National Glass Industry expands Ras Al-Khaimah operations

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In a major investment move, National Glass Industry (NGI) have committed to invest in new machinery and equipment that include a new laminating line, ceramic frit screen printing and a new heating chamber able to perfectly curve double and triple coated glass products, purportedly the only one of its kind in the region. Speaking about the development, Mr Amjad A …

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