Saturday 25 October 2014
 
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Rakia

Rakia sees business licences growth

Ras Al Khaimah Investment Authority (Rakia), a key provider of investment opportunities in Ras Al Khaimah, said it had issued 491 new licences in the first four months, with a record 130 licences granted in April itself. Rakia is

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RAK summit to focus on new energy technologies

Leading experts from around the world will gather in Ras Al Khaimah this week to discuss the challenges of using micro and nanotechnologies to develop new concepts of renewable energies. The 17th World Micromachine Summit, from April 26 to

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$55m battery plant opens in Rakia Park

A state-of-the-art industrial battery manufacturing plant has been set up with an investment of Dh200 million ($54.45 million) at the Ras Al Khaimah Investment Authority (Rakia) Industrial Park. The Eternity Technologies plant, inaugurated

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APM Terminals 'buys Georgia port from Rakia'

The United Arab Emirates' Rakia has sold control of the Georgian Black Sea port of Poti to APM Terminals, a unit of Denmark's A.P Moller-Maersk, a Georgian official said on Monday. "APM Terminals became a major investor in Poti port," Geor

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Korean JV opens $70m RAK steel plant

SeAH Steel UAE, a joint venture between leading Korean firm SeAH Steel Corp and Ras Al Khaimah Investment Authority (Rakia), has announced the launch of its new $70 million steel pipe manufacturing facility in Ras Al Khaimah. Sheikh Saud b

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Rakia highlights advantages at forum

Ras Al Khaimah Investment Authority (Rakia), a major provider of investment opportunities in its free zones, highlighted its strategic advantages and key factors for its growth at a recent forum for high-profile CEOs in Dubai. The forum, h

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Rakia launches new training program

Ras Al Khaimah Investment Authority (Rakia) said it has launched a series of training programs in collaboration with leading universities in line with its continuing thrust to invest in sustained skills development initiatives for employees.

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Rakia joins hands with HSBC

Ras Al Khaimah Investment Authority (Rakia) said it has signed an agreement with banking gaint HSBC to open a complete range of banking and financial services for companies operating in the emirate. Rakia is a major provider of investment

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Raysut paid $172m to close Pioneer buy

Raysut Cement, Oman's largest cement producer by market value, on Monday said it paid $172 million to close its deal to buy United Arab Emirates' Pioneer Cement Industries.    The acquisition of Pioneer Cement, based in Ras

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Indian auto major to open RAK assembly plant

India's Hinduja Group flagship Ashok Leyland on Thursday will inaugurate a vehicle assembly plant in Ras al Khaimah Investment Authority (Rakia). The plant will be inaugurated by Sheikh Saud Bin Saqr Al Qasimi, Ruler of Ras Al Khaimah

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