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Economic Update | RAK: Targeting small businesses

27 Sep 2011
Small and medium-sized enterprises (SMEs) play a growing role in RAK’s economy, enjoying government support and benefitting from continued upgrades to the local infrastructure.

Economic Update | RAK: Material wealth

13 Jul 2011
From Saudi Arabia to Qatar, governments across the Gulf region are ramping up spending on building projects, with this likely to generate a host of opportunities for Ras Al Khaimah’s construction...

Economic Update | RAK: Playing to its strengths

2 May 2011
The local tourism sector received a welcome boost on April 13 when Ras Al Khaimah’s ruler, Sheikh Saud bin Saqr Al Qasimi, issued a decree to establish a dedicated Tourism Development Authority. The...

Economic Update | RAK: Real estate rising

29 Mar 2011
Real estate in Ras Al Khaimah appears set to rebound from the regional downturn in the property market, with experts predicting an increase in sales and building activity, but prices seem unlikely to...

Economic Update | RAK: Strong returns

1 Mar 2011
Despite sluggish global market conditions, banks in Ras Al Khaimah are showing strong returns. The National Bank of RAK (RAKBANK) posted a net profit of Dh1bn ($272.3m) for 2010, a 38.1% increase...