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Industry Watch

Johnny Rockets makes a debut in Ras Al Khaimah

A US-based restaurant chain, renowned for its distinctive retro interior and menu and fun atmosphere, has opened a joint in the popular Al Hamra shopping mall. Assuming the guise of a ’50s diner, Johnny Rockets aims to transport diners back to the era of bobby socks and rock ‘n’ roll. The nostalgia-themed hamburger restaurant chain made a debut in Al …

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RAK Properties hails UAE’s regulatory changes for real estate sector

RAK Properties, Ras Al Khaimah’s biggest property developer listed on Abu Dhabi Stock Exchange, has hailed UAE central bank’s new mortgage rules, which come into effect from December across the UAE, as ‘a major step in the real estate sector’s journey towards greater maturity.’ The company said that these rules would streamline the relationships between banks, financing companies, real estate …

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Planning to buy into Islamic finance?

Planning to buy into Islamic finance?

RAKBANK AMAL has launched Sharia-compliant business finance solutions that include current and saving accounts, deposits, personal and auto finance, credit and debit cards and takaful program. RAKBANK’s Islamic Banking division, AMAL, recently expanded its Sharia-compliant offering to its valued customers to include premium business finance solutions. AMAL Business Finance is a new addition to the bank’s existing portfolio of Islamic …

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RAK FTZ shakes hand with Turkey

RAK FTZ shakes hand with Turkey

The Ras Al Khaimah Free Trade Zone has signed an MoU with Turkey’s Directorate General of Free Zones, Overseas Investment and Services, to boost co-operation and drive business opportunities between the two countries. In a step aimed at boosting the trade relations between Turkey and the emirate of Ras Al Khaimah, the (RAK FTZ) – one of the fastest-growing and …

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RAK FTZ to participate in 2013 Dubai Airshow debut

RAK FTZ

In a step aimed at reinforcing its world-class facilities and amenities, Ras Al Khaimah Free Trade Zone (RAK FTZ), one of the fastest-growing and most cost-effective free trade zones in the UAE, will be exhibiting at the 2013 Dubai Airshow. The biannual event, which will be held for the first time at the new Dubai World Central location from 17-21 …

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Google, du ink strategic alliance to boost SMBs

du has inked a strategic alliance with Google™ to launch a new Business Super 600-G Plan for SMBs Value-packed Business Super 600-G includes national and international minutes, SMS, national data, and in-built fantastic Google AdWords benefitsIn a bid to create an effective communication platform, du has launched a new plan in partnership with Google for small and medium businesses (SMBs) …

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Marks & Spencer makes a debut in Ras Al Khaimah

Marks & Spencer (M&S), the iconic British retailer launched its third concept store at Manar Mall, Ras Al Khaimah on June 26, 2013, after opening two new concept stores in UAE and Bahrain this year. The new 15,646 square metre store marks a significant milestone for M&S with an avant-garde store appearance and improved customer shopping experience. This new fashion …

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Intercoil reveals why RAK is the budding emirate for businesses

Hassan Al Hazeem, MD, Intercoil International LLC, speaks to Nikhil Pereira on setting up his manufacturing unit in the emirate and why it is great to do business here. “Ras Al Khaimah is a real success story in terms of manufacturing; I have friends who’ve moved operations from Dubai and Sharjah to this emirate. We’ve had a good experience here.” …

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