Ramy Jallad Group CEO, RAKEZ, RAK FTZ and RAKIA speaks with Aviamost about newly launched the Ras Al Khaimah Economic Zone (RAKEZ) and its upcoming development.
The government of Ras Al Khaimah has launched the Ras Al Khaimah Economic Zone (RAKEZ) this year. Please explain the role and targets of the new structure. Tell us about RAKEZ and its upcoming development.
Ras Al Khaimah Economic Zone or RAKEZ has been launched to bring together two of the fastest-growing investment... Read More
The static display at the Dubai Airshow will feature over 160 of the latest commercial, business and military aircraft when the show opens on 12 November. With many coming from around the world in addition to those from the UAE, exhibitors and visitors alike can see the best that the aerospace industry has to offer at the DWC, Dubai Airshow Site.
New for this year will be the Sukhoi Superjet 100 and the Japanese Air Force Kawasaki C2, in addition to first time exhibitor Calidus... Read More
The world’s wealthiest individuals are on a roll with billionaires in Asia leading the pack.
Independent -- Billionaire wealth increased 17 per cent to $6 trillion (£4.5 trillion) in 2016, after a decline the previous year, UBS and PricewaterhouseCoopers said in a report issued Thursday. Led by China, the number of the region’s billionaires surpassed the US for the first time.
But don’t shed a tear for the richest folks in the US – American billionaires still control the most... Read More
CNBC -- Saudi Arabia announced on Tuesday a $500 billion plan to build a business and industrial zone that links with Jordan and Egypt, the biggest effort yet to free the kingdom from dependence on oil exports.
The 26,500 square km (10,230 square mile) zone, known as NEOM, will focus on industries including energy and water, biotechnology, food, advanced manufacturing and entertainment, Saudi Crown Prince Mohammed bin Salman said.
Speaking at the Future Investment Initiative in... Read More
Gulf Business -- Dubai’s Roads and Transport Authority has raised Dhs24.8m ($6.75m) in its latest licence plate auction.
The 96th edition of the auction, held on Saturday, saw 80 distinct plates go under the hammer.
Of these, four were responsible for a significant percentage of the total raised.
R 111 yielded the highest bid of Dhs2.65m ($721,559), followed by F999 at Dhs1.06m ($288,623) and M 7777 and N 1000 at Dhs800,000 ($217,829).
“The number auctions... Read More
Investment in Dubai’s skyline – and coastline – is set to change the shape of the city, and investors are set to benefit. Dubai has earned a reputation over the last decade for embarking on the kinds of bold, pioneering projects that generate global headlines – as well as offering investors some of the most competitive and consistent returns in the world.
With a recent report declaring that Dubai real estate has delivered the best ROI since the Global Financial Crisis – a healthy... Read More
Implementation of five basic principles of transition to a socially-oriented free market economy during the years of independence has enabled the country to achieve desired results, provide sustainable economic growth and improve national welfare in a short historical period.
As a result of reforms, the structure of the economy was radically changed, a reliable legal framework for dynamic economic development and favourable investment climate were created.
This is supported by... Read More
WAM -- Dubai perfumes and cosmetics trade stood at AED5 billion in the first quarter of 2017, according to Dubai Customs.
The trade included AED3 billion of imports and AED2 billion in exports and re-exports. Similarly, in 2016, Dubai external trade in perfumes and cosmetics reached around AED21 billion.
This information was disclosed by Nassim Al Maheiri, Head of Statistics and Studies at Dubai Customs’ Strategy and Corporate Excellence, during a workshop organised by Dubai... Read More
Stage set for 7th Annual Investment Meeting (2017) from 2-4 April 2017 at the Dubai International Convention and Exhibition Centre under the theme ‘International Investment, Path to Competitiveness & Development’
Ministry of Economy in the UAE has announced key insights on the 7th Annual Investment Meeting (AIM) agenda, which will be held in Dubai from 2nd- 4th April 2017 at the Dubai International Convention and Exhibition Centre under the theme ‘International Investment, Path to... Read More
Forum group is on track to deliver first-of-its kind luxury villa project at the Palm Jumeirah by the end of 2017. The international property conglomerate, which unveiled its iconic development - XXII Carat at the Palm Jumeirah West Crest, said residents of the Mediterranean architectural inspired villas will enjoy a luxury hotel-inspired lifestyle offering spacious accommodation with exclusive access to private beachfronts spanning 720 feet with 360° views of Dubai city and the Arabian Gulf... Read More