Monday 30 March 2015
 
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Ras Al Khaimah

Ras Al Khaimah launches $1bn 10-year sukuk

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

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Ras Al Khaimah to meet investors for sukuk

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

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Ras Al Khaimah eyes sovereign sukuk issue

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. A dea

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Streit opens armoured vehicles park at RAK FTZ

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). The

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Al Marjan Island project sales double

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

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Air Arabia flies to Kathmandu from RAK hub

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

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RAK tourism revenue tops $272.2m

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

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RAK opportunities highlighted to Italian investors

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

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Rakia named ‘Best Free Zone Middle East 2014’

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.

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RAK targets Dubai investors with new centre

The Ras Al Khaimah Investment Authority (Rakia), a major business destination in the Middle East, has launched its first service centre in Dubai, in a move to bring direct client contact to the Emirate. Located at the Dubai World

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