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Industry Watch

Rixos Hotels succeed at the World Travel Awards 2015

Rixos Hotels

Rixos Hotels are celebrating double success at the World Travel Awards 2015 after scooping two awards for its UAE based resorts. Rixos The Palm Dubai was awarded the Middle East’s Leading Lifestyle Resort whilst Rixos Bab Al Bahr in Ras Al Khaimah picked up the Middle East’s Leading All Inclusive Resort. Just 24 hours after hosting the most exciting ATM …

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RAK FTZ shares business set-up and expansion benefits with investors in Pakistan

A Ras Al Khaimah Free Trade Zone (RAK FTZ) delegation will visit Pakistan to share the benefits of establishing and growing companies at RAK FTZ with Pakistani business owners. The delegation will lead high-level seminars and meetings with key government and investment bodies on 9 and 10 June 2015. The two-day event will take place in Lahore. It will be RAK …

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Royal Brunei Airlines inks partnership with Ras Al Khaimah

Royal Brunei Airlines and Ras Al Khaimah Tourism Development Authority (TDA) announce that both parties have entered into a strategic partnership to promote this exciting destination to UK audiences as well as through the airline’s network in Australasia. Ras Al Khaimah, a growing presence on the Middle East’s tourism landscape, is home to a number of leading international hotel brands as …

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RAKBANK acquires 79.23% of RAK Insurance

RAKBANK  announced the acquisition of 79.23% stake Ras Al Khaimah National Insurance Company P.S.C. (RAK Insurance) following the purchase of a total of 87,154,981 shares at AED 3.64 per share through a tender offer. The acquisition enables RAKBANK to become the largest shareholder in the insurance provider and is in line with the Bank’s strategy to become a broad-based financial …

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RAK BANK concludes annual general meeting

Shareholders elect board members and approve 50 fils cash dividend for 2014 RAKBANK successfully concluded its Annual General Meeting at its headquarters in Ras Al Khaimah. During the AGM, shareholders approved the distribution of a cash dividend of 50 percent (50 fils per share) for the financial year ending 31 December 2014. RAKBANK’s ordinary annual general meeting proceeded to elect …

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10 Outstanding companies honoured at 1st Annual Business Excellence Awards

Ten companies that have demonstrated the best business practices, the strongest growth, the most innovation, the most outstanding corporate social responsibility and other exceptional qualities were honoured during Ras Al Khaimah Free Trade Zone’s (RAK FTZ’s) first annual Business Excellence Awards programme. An external judging panel from International Performance Excellence (IPE) selected the winners from over 120 entries for RAK …

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Habib Bank Limited launches its eighth branch in UAE

Eighth Branch in the UAE for Pakistan’s largest bank, to serve clients on Dubai business corridor. HBL, the largest bank in Pakistan has opened its new Jumeirah branch in Dubai on March 23, 2015. The Jumeirah branch will complement the bank’s existing seven branches across the UAE, and will provide vital banking access for leading businesses across the Emirate. Opening …

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Bin Hendi Enterprises announces “GO LIVE” of SAP on a HANA CLOUD Platform

BinHendi Enterprises, one of the UAE’s leading retail conglomerates, announced the launch of its SAP-based business transformation with SAP and CSC. Operating since 1974, BinHendi Enterprises is known as a retailer with a diversified portfolio that includes luxury fashion, accessories, watches & jewelry retailing, hospitality, trading, media, real estate, furniture and interior design. The Group has made a strategic decision …

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RAK FTZ enhances trade between the UAE and Australia

Peter J Fort, CEO, Ras Al Khaimah Free Trade Zone (RAK FTZ), led a delegation to Australia seeking to share the free zone’s business set-up and expansion benefits with Australian investors. The mission also sought to enhance trade between the United Arab Emirates (UAE) and Australia, and to create new investment relationships between the two countries. Mr Fort conducted a …

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One1Info’s perfect matchmaking: Global giants meet local leaders!

The unique portal strategically connects veteran global companies with local giants to help RAK business landscape discover new heights.  Thanks to a multitude of private and public investments across Ras Al Khaimah, One1Info recently attracted companies from emerging markets like United Kingdom, Italy and Morocco. Recently, we have been receiving interesting inquiries from high profile Italian groups coming from different …

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