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.

The Global Banking and Finance Review Awards honour companies for their exceptional achievements within the global financial community, and pay tribute to those that have advanced innovation, progress, and inspired change within the financial sector, said a statement.

Rino Sabatino, chief executive officer, said: “I am delighted that Rakia has been recognised for its stature as a leading business zone in the region and home to over 7,000 companies from the world over.

“We are honoured to receive this accolade from Global Banking and Finance Review, and we will continue to demonstrate the highest standards of performance and excellence for RAKIA’s tenants in 2015.” - TradeArabia News Service