Ras Al Khaimah Free Trade Zone (RAK FTZ) has opened a district cooling plant built at a cost of Dh25 million ($6.8 million) to help meet its air-conditioning demand.
The plant, which uses chilled water to control air temperature a
The UAE emirate of Ras al-Khaimah has launched a $1 billion, 10-year sukuk that will price later on Tuesday, a document from lead arrangers showed.
The transaction was set to price at a spread of 110 bps over midswaps, which is at
The emirate of Ras Al-Khaimah has hired four banks to arrange fixed income investor meetings starting on Thursday for a potential US dollar-denominated sukuk offer, a document from lead arrangers showed.
Ras Al-Khaimah has picked
The emirate of Ras Al-Khaimah is eyeing a return to the debt capital markets this year after inviting bankers to pitch for arranger roles on a potential US dollar-denominated benchmark sukuk issue, sources said on Wednesday.
Streit Group, the world’s leading manufacturer of armoured vehicles, has inaugurated phase two of the world’s largest industrial park for armoured vehicles industry at the Ras Al Khaimah Free Trade Zone (RAK FTZ).
Al Marjan Island Company, a leading developer in Ras Al Khaimah, UAE, said the sales and investments at its Al Marjan Island (AMI) project doubled in January compared to the same period last year.
Located south-west of Ras Al Khai
Air Arabia, a Sharjah-based carrier, has added Kathmandu as its latest destination to be served from the recently launched Ras Al Khaimah (RAK) hub in the UAE.
The low-cost carrier will fly twice weekly to the Nepalese capital, the 10th
UAE emirate Ras Al Khaimah revealed its tourism revenue for 2014 exceeded Dh1 billion ($272.2 million), a first in the emirate’s history, a report said.
Additionally, the emirate recorded 2.14 million guest nights, up 72 per cent
A UAE delegation to Italy is seeking to create new investment relationships between the two countries and share the Ras Al Khaimah Free Trade Zone (RAK FTZ) benefits with Italian investors.
The delegation, led by Peter J Fort, chi
The Ras Al Khaimah Investment Authority (Rakia) has won the ‘Best Free Zone Middle East 2014’ award from London-based Global Banking and Finance Review, a leading financial news portal for decision-makers in more than 200 countries.