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Interview

Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah: Interview
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Interview:Sheikh Saud bin Saqr Al Qasimi Are you concerned that the numerous projects that are currently under way, along with the increasing drive to attract foreign nationals to the emirate, could dilute Ras Al Khaimah’s heritage and traditions somewhat? SHEIKH SAUD BIN SAQR AL QASIMI: I am not concerned about this at all. If we believe in the strength of our culture and heritage, and if…
Interview

Peter England, CEO, National Bank of Ras Al Khaimah: Interview
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Interview:Peter England In what ways has the establishment of Al Etihad Credit Bureau benefitted the sector as a whole? PETER ENGLAND: The establishment of Al Etihad Credit Bureau is a step in the right direction towards a more transparent credit environment. While the bureau will not do away with each bank’s independent assessment tools for loan applications, it will ensure that banks have…
Interview

Yousef Obaid Al Nuaimi, Chairman, Ras Al Khaimah Chamber of Commerce and Industry: Interview
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Interview:Yousef Obaid Al Nuaimi How is the chamber working towards the government’s goal of diversifying the economy beyond its industrial manufacturing and tourism bases? YOUSEF OBAID AL NUAIMI: In line with our commitment to the government’s economic diversification strategy, we are showcasing the potential that exists in some promising economic sectors, such as information technology,…
Interview

Abdullah Rashed Al Abdooli, Managing Director, Al Marjan Island: Interview
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Interview:Abdullah Rashed Al Abdooli What policies and initiatives do the authorities and planners need to consider in terms of encouraging families to settle in Ras Al Khaimah? ABDULLAH RASHED AL ABDOOLI: It is important to create an inclusive society that meets the needs of a diverse and growing population. Most developers work with local authorities to ensure that all projects encourage…
Interview

Cliff Brand, General Manager, RAK Ports Group: Interview
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Interview:Cliff Brand Can RAK’s port activities be further diversified from the current concentrations? CLIFF BRAND: The scope for diversifying RAK’s port activities varies from port to port. In the case of Saqr Port, there are limited options for diversification, if any at all. The port and RAK quarries rely on one another, and demand for quarried products will be high for the foreseeable…
Interview

Dr Myung-Whun Sung, CEO, Sheikh Khalifa Specialty Hospital (SKSH): Interview
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Interview:Dr Myung-Whun Sung How will research and development (R&D) grow in RAK and what role does the SKSH play in this? DR MYUNG-WHUN SUNG: Without a strong commitment to R&D and a collaborative effort among universities, hospitals and other health care institutions, we cannot guarantee a sustainable, long-term health system. Ras Al Khaimah has an opportunity to enhance its R&D…
Interview

Richard Menezes, Managing Director, UTICO: Interview
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Interview:Richard Menezes Given Ras Al Khaimah’s energy mix, how can concerns about industrial utilities be addressed? RICHARD MENEZES: The present energy mix in RAK consists of natural gas, which is supplied by RAK Gas through its sourcing from fields it owns and operates in the UAE, as well as supplies from Bukha in Oman and from Dolphin Energy of Qatar. RAK is presently developing its…
Viewpoint

Tony Abbott, Former Prime Minister of Australia, on Australia’s deepening relationship with the Gulf states: Viewpoint
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Australia’s links with the Gulf states are close and getting closer. Australians and citizens of Gulf states are spending more and more time in each other’s countries, the security relationship is growing and business relationships are booming. In 2014 Australia and the GCC traded $11.7bn in goods, an increase of 7.2% over 2013. Negotiations on a free trade agreement (FTA) with the GCC have been…
Analysis

Changes in GCC-Africa investment provide the Gulf with stable supply

Posted OBG AdminPosted in Uncategorized

The push among GCC states to invest in Africa came about in earnest following the 2007-08 global food price crisis, and targeted agricultural land and strategic commodity production. Agribusiness, sovereign wealth funds and other agri-investment vehicles were the main players. Primarily state-led, the investments at that time centred on framework agreements with the host market, guaranteeing purchases…
Analysis

The Gulf looks to Asia to grow trade

Posted OBG AdminPosted in Uncategorized

Following a difficult period for the international shipping market, in 2012 the container route from Shanghai to the Gulf through Dubai saw the second-highest rate of freight growth in the entire Asian region. This was part of an emerging trend of the maturation of GCC-Asia trade. A relationship that was once just based on energy demand is diversifying and the GCC is seen as a viable market for Asian…