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Industry Watch

RAK Insurance selects ESKADENIA for a wide range of software systems

RAK Insurance has selected ESKADENIA Software for the implementation and support of ESKA® Insures. The new, fully integrated initiative named ‘Project Candlelight’ will help RAK Insurance provide better service to customers by managing operations through web-based, state-of-the-art, and user-friendly systems.  Modular structure also ensures a high level of security and access authorisations. ESKADENIA will deploy 18 software products that include …

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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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RAK Properties awards marina management contract to ART Marine

Lagoon Marina set to become the premier lifestyle destination in RAK RAK Properties PJSC, Ras Al Khaimah’s biggest property developer listed on the Abu Dhabi Stock Exchange, has signed a marina management agreement with ART Marine, the Middle East’s leading marina management company. ART Marine will operate the newly constructed Lagoon Marina, which is located at the heart of Lagoon …

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RAK Properties awards marina management contract to ART Marine

RAK properties

Lagoon Marina set to become the premier lifestyle marina in Ras Al Khaimah RAK Properties PJSC, Ras Al Khaimah’s biggest property developer listed on the Abu Dhabi Stock Exchange, has signed a marina management agreement with ART Marine, the Middle East’s leading marina management company. ART Marine will operate the newly constructed Lagoon Marina, which is located at the heart …

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RAK Insurance selects ESKADENIA for software solutions

RAK Insurance and Eskadenia

RAK Insurance has selected ESKADENIA Software for the implementation and support of ESKA® Insures. The new, fully integrated initiative named ‘Project Candlelight’ will help RAK Insurance provide better service to its customers by managing operations through web-based, state-of-the-art, and user-friendly systems.  Modular structure also ensures a high level of security and access authorisations. ESKADENIA will be deploying 18 software products …

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RAKBANK receives two Service Olympian Awards

RAKBANK

Bank is recognized for Best Service Innovation and Best Mobile App. RAKBANK has received two Service Olympian Awards by Ethos Integrated Solutions, an independent evaluation body. RAKBANK was recognized for its commitment to service excellence with the Best Service Innovation award for its Web Chat and Mobile Cash solutions and Best Mobile App award for its Mobile Banking platform. RAKBANK’s …

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AED 75 million Al Ghail water project approved

The Al Ghail district of Ras Al Khaimah will receive uninterrupted water following the commissioning of a 55-km water transmission line this week by Utico, the leading independent utilities provider in the GCC. The pipeline, built at a total cost of AED 75 million, is considered as a challenging engineering feat due to the difficult terrain and the huge cost and …

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RAKBANK posts AED 716 million half yearly profit

The National Bank of Ras al Khaimah (RAKBANK) announced a consolidated net profit of AED 716.2 million for the half-year ended 30 June 2015. The Group’s total income grew by 12.2% to AED 1.9 billion during the half-year compared to the same period last year as a result of an increase of 12.9% in net interest income and 9.8% in non-interest …

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Ramy Jallad is Acting CEO of RAKIA

The Board of Directors of Ras Al Khaimah Investment Authority (RAKIA) has appointed Mr. Ramy Jallad as Acting Chief Executive Officer (CEO), replacing Mr. Rino Sabatino who has resigned from his role as CEO of RAKIA. Mr. Jallad will continue in his role as the Acting CEO of RAK FTZ. Mr. Jallad brings a wealth of experience operating free zone …

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