Saturday 26 July 2014
 
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Ras Al Khaimah

RAK real estate firm gets $230m funding

Ras Al Khaimah-based Al Hamra Real Estate Development said it has obtained a Dh850 million ($230 million) financing facility from international and local banks led by Goldman Sachs for its upcoming projects. The privately-owned fi

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Streit Group in massive RAK expansion

Streit Group, the world’s largest armoured vehicles manufacturer, in a major move has signed a land lease that will triple the size of its facilities at the Ras Al Khaimah Free Trade Zone (RAK FTZ) to 4.5 million sq ft. This

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RAK free trade zone starts e-notary services

The Ras Al Khaimah Free Trade Zone said it has brought a notary public on site to help clients authenticate documents that they need to set up their companies. Announcing this, Peter Fort, the CEO said: “The addition of nota

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PGS Group opens new unit in Ras Al Khaimah

PGS Group, the global manufacturer of wooden pallets, has expanded its operations into the Middle East by setting up a subsidiary in the Ras Al Khaimah Free Trade Zone. The French and Belgian-based company said it had selected the

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Hilton to manage new DoubleTree resort in RAK

Hilton Worldwide has signed an agreement with long-standing business partner, Mohamed Ruqait Real Estate for a new DoubleTree resort property on Marjan Island, Ras Al Khaimah’s premier island destination. The new property, D

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Global Hotels launches Ramada Ras Al Khaimah

Global Hotels Management, a leading Dubai-based hotel operator, has signed a franchise agreement with Wyndham Hotel Group to introduce the Ramada hotel brand to Ras Al Khaimah. The luxury Ramada Hotel & Suites Ras Al Khaimah,

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Northern emirates offer cost haven in booming UAE

When French wine and cognac bottle maker Saverglass decided to expand three years ago, it chose a relatively remote, less affluent location in the United Arab Emirates for its plant rather than the business hubs of Dubai and Abu Dhabi.

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Northern emirates offer cost haven in booming UAE

When French wine and cognac bottle maker Saverglass decided to expand three years ago, it chose a relatively remote, less affluent location in the United Arab Emirates for its plant rather than the business hubs of Dubai and Abu Dhabi.

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RAK Prop registers $11m profit in Q1

Ras Al Khaimah's biggest property developer RAK Properties has registered a net profit of Dh42 million ($10.9 million) in the first quarter of 2014 compared to Dh40 million last year. RAK Properties PJSC, Ras Al Khaimah's

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Air Arabia to launch 8 direct routes from RAK

Air Arabia, the newly designated carrier of Ras Al Khaimah, will offer direct services to eight routes from RAK International Airport starting May 6, giving an immediate boost to the emirate's rapidly growing tourism sector. T

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