UAE: Ras Al Khaimah

Displaying 25 - 30 of 195

 

Regulatory changes in the UAE’s banking and insurance industries have picked up in recent years. In the banking sector, new regulations in line with Basel III standards are set to stabilise and protect banks, setting new capital and liquidity standards, while changes to the insurance sector are to limit investment losses in the UAE’s equities...

 

How is the chamber working towards the government’s goal of diversifying the economy beyond its industrial manufacturing and tourism bases?

 

The success of the suburban seaside communities that have sprung up in Al Jazirah Al Hamra, to the south of Ras Al Khaimah City, has given real estate developers an appetite for new housing schemes. Hundreds of homes are currently being built both at Mina Al Arab and Al Hamra, while on the Al Marjan Islands development new waterfront...

 

The rock and cement industry in Ras Al Khaimah helped build the world’s highest skyscraper, Dubai’s Burj Khalifa, but is now being monitored by unmanned observation planes. This was announced by Saif Mohammed Al Shara, assistant under-secretary for external audit at the Federal Ministry of Environment and Water (MoEW) in May 2015. “This...

 

Almost 15 years after it was created, Ras Al Khaimah Free Trade Zone (RAK FTZ) launched a global awareness drive in 2014 to try to entice new businesses. In just over a year, RAK FTZ delegates visited Turkey, Singapore, Malaysia, South Korea, Spain, the UK, Brazil, US, Italy, the Philippines, Australia and Japan. This followed a successful...

 

Given the increasing diversification in the free zone, what sectors do you see having the greatest potential outside of industry and tourism?

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