Friday 25 July 2014
Ras Al-Khaimah

Ras Al-Khaimah eyes sovereign sukuk issue

Ras Al-Khaimah is eyeing a return to bond markets this year after inviting banks to pitch for arranger roles on a potential dollar-denominated sukuk, sources said on Thursday.   A deal from the emirate, one of th


Rakbank Q3 net profit jumps 14.5pc

UAE-based National Bank of Ras Al-Khaimah (Rakbank) said it has registered a net profit of Dh1.04 billion ($283 million) for the third quarter, up 14.5 per cent over the same period last year. Announcing the results for the nine m


Rakbank 2011 profits jump 20pc

Leading UAE bank Rakbank, also known as the National Bank of Ras Al-Khaimah, has posted a net profit of Dh1.203 billion ($327.6 million) for 2011, marking an increase of 20 per cent over 2010. Earnings were impacted as a result of the Cent


Rakbank launches discount deal website

The National Bank of Ras Al-Khaimah (Rakbank) has announced the launch of a new website for its weekly discounted deals. Rakbank's latest creative value-added platform is aimed at offering its credit and prepaid card customers with exclusi


Rakia to take over $544m property project

The Ras al-Khaimah government is willing to take over a Dh2 billion ($544.7 million) property project in the emirate from a Dubai real estate firm, a newspaper said on Friday. "We won't make it complicated for investors," Khater Masaad, th


RakBank Q1 net profit up 13pc

RakBank, the national bank of Ras Al-Khaimah, has posted a Dh160.37 million (43.6 million) net profit for the first quarter of 2009, up 12.7 per cent when compared to the same period last year. Announcing the results, Graham Honeybill, Rak

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