Bank of Singapore has strengthened its presence in Dubai with the appointment of six new professionals across various functions. This move is part of the bank’s ongoing efforts to bolster its regional operations and cater to the growing demand for wealth management services in the Middle East. These appointments are seen as a strategic push to expand the bank’s footprint in a market that has become a […]
Arabian Post Staff -Dubai The United Arab Emirates (UAE) is implementing a series of strategic initiatives to enhance its property sector and attract increased investment. These measures come on the heels of significant growth in the real estate market, which has experienced substantial expansion in recent years. In 2023, the UAE’s property market demonstrated remarkable resilience and growth. The International Monetary Fund (IMF) reported that property prices […]
The Ras Al Khaimah Economic Zone (RAKEZ) has achieved an extraordinary milestone in 2024, welcoming over 13,000 new companies into its business ecosystem. This record growth marks a significant expansion for the free zone, reflecting its growing appeal to both regional and international businesses looking to capitalize on the strategic advantages offered by the UAE’s business-friendly environment.
This surge in company registrations can be attributed to a combination of factors, including the free zone’s comprehensive range of services, its cost-effective infrastructure, and the robust business climate in Ras Al Khaimah. As one of the fastest-growing economic zones in the region, RAKEZ has established itself as a vital hub for diverse industries, including manufacturing, logistics, technology, and services.
The 13,000 new companies span various sectors, underlining the broad interest in the region’s diverse economic opportunities. This growth not only strengthens RAKEZ’s position as a key player in the UAE’s economic landscape but also contributes significantly to the emirate’s overall economic development.
The free zone’s flexibility in offering tailor-made business solutions has become increasingly attractive to entrepreneurs, particularly in sectors like technology, e-commerce, and logistics, which have seen significant demand for their services. RAKEZ’s efforts to continuously enhance its infrastructure, improve customer services, and adapt to market trends have played a central role in its success.
Key to RAKEZ’s growth has been its ability to provide businesses with efficient, cost-effective solutions for setting up operations in the UAE. The zone offers a range of services, including 100% foreign ownership, zero taxation, and a simple licensing process that is especially appealing to start-ups and international companies entering the Middle East market.
Another factor contributing to the zone’s growth is the ongoing global demand for logistics and manufacturing services. As the UAE continues to develop as a global trade hub, companies in these sectors are finding Ras Al Khaimah’s strategic location and modern infrastructure increasingly appealing for establishing a foothold in the region.
For many entrepreneurs and international companies, RAKEZ’s proximity to key markets in Europe, Asia, and Africa is a major draw. The economic zone’s proximity to ports, airports, and trade routes makes it an ideal location for global logistics companies looking to expand their footprint in the Middle East and North Africa (MENA) region. With modern infrastructure that includes state-of-the-art warehouses and business parks, RAKEZ has become a preferred choice for firms seeking to establish a presence in this region.
RAKEZ’s efforts to promote innovation and technology-based industries have been a cornerstone of its success. The free zone has attracted a growing number of technology-driven companies, with particular focus on areas such as artificial intelligence, data analytics, and software development. With initiatives aimed at fostering innovation, RAKEZ continues to position itself as a leading destination for tech start-ups and established firms alike.
The zone has also focused on sustainability, which has increasingly become a significant factor for companies when choosing their business location. The UAE’s commitment to green initiatives, combined with RAKEZ’s sustainable infrastructure and green energy solutions, has contributed to its reputation as a responsible and forward-thinking business environment.
RAKEZ’s strategic focus on customer satisfaction and ease of doing business has been another key factor behind its success. The free zone provides a wide array of services that streamline the process for businesses, including fast-track licensing, streamlined visa processing, and operational support. The customer-centric approach has made it easier for companies to set up and grow, which in turn has contributed to RAKEZ’s ongoing expansion.
The steady rise in the number of new business registrations can also be seen as a testament to the overall economic resilience of Ras Al Khaimah. The emirate has shown impressive growth in various sectors, with increased foreign direct investment (FDI) and a stable business environment that continues to attract international players.
Another key driver for RAKEZ’s success has been the government’s commitment to fostering economic diversification. The UAE’s focus on creating a conducive environment for businesses to thrive has played a crucial role in ensuring that RAKEZ remains an attractive option for entrepreneurs and multinational corporations. By encouraging investment in non-oil sectors, the government has made significant strides in positioning the country as a diversified, future-ready economy.
As the global business landscape continues to evolve, RAKEZ is well-positioned to remain a major player in the UAE’s free zone ecosystem. The region’s continued growth will be shaped by its ability to attract new companies, encourage innovation, and adapt to the changing needs of a globalized economy. With its increasing prominence in key sectors like logistics, manufacturing, and technology, RAKEZ is set to remain a crucial component of Ras Al Khaimah’s economic development strategy.
Arabian Post Staff -Dubai Dubai’s real estate sector has reached unprecedented heights in 2024, recording 180,900 transactions valued at approximately $142.4 billion. This marks a significant increase from 2023, which saw 133,100 sales worth $112.2 billion. The primary market experienced substantial growth, with first-time sales from developers rising by 30% to $91.1 billion. Transaction volumes in this segment surged by 51%, totaling 119,800 units. The average price […]
JAKARTA, INDONESIA – Media OutReach Newswire – 27 January 2025 – As the festive season of Lunar New Year approaches, JustMarkets invites traders in Indonesia and Malaysia to celebrate with exciting opportunities and incredible prizes. The promotion was created for traders to showcase their skills and aim for rewarding trading experiences — all in the atmosphere of traditions, healthy competitiveness, and trading achievements. JustMarkets celebrates Lunar New […]
By K Raveendran The Trump administration’s exploration of creating a national Strategic Bitcoin Reserve (SBR) may usher in a new era of global financial strategy, one defined by digital assets rather than traditional monetary instruments. This concept marks a potential seismic shift in how nations perceive and secure wealth, akin to the historical role of […]
Secures 16 Oakwood signings in 2024, reflecting a 30% year-on-year growth Adds four new Oakwood Premier properties in Adelaide, Bali, Shenzhen and Singapore Adds Bali to Oakwood’s growing portfolio of resort destinations, which includes Batam, Chongli and Ha Long SINGAPORE – Media OutReach Newswire – 23 January 2025 – The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), has accelerated the expansion […]
ATLANTA – Newsaktuell – 23 January 2025 – DYMO®, a leading provider of innovative labeling and printing solutions and part of the Newell Brands portfolio, and GA International (LabTAG), a leader in exceptional laboratory and industrial identification solutions, have announced a strategic partnership that makes high-quality cryogenic LabelWriter® labels available to users of the DYMO LabelWriter® 5 Series printers. DYMO & GA International (LabTAG) “We are excited […]
SINGAPORE – Media OutReach Newswire – 23 January 2025 – American Express and Singapore Airlines KrisFlyer are marking their 25 years of partnership by introducing exclusive limited-time rewards for new and existing American Express® Singapore Airlines KrisFlyer Ascend Credit Card Members, designed to elevate their travel experiences. Celebrating 25 years of Rewarding Journeys with American Express and Singapore Airlines KrisFlyer As part of this milestone, new and […]
As the Year of the Snake Approaches, the contrasting sentiments reveal deeper economic realities and highlight the paths forward for both cities. Optimism Divide: A striking difference in outlook for 2025 exists between residents of Singapore and Hong Kong. 51% of Singaporeans express optimism about the upcoming year, while only 29% of Hong Kong residents share this sentiment. Confidence in Achievements: 57% of Singaporeans report high confidence […]
SINGAPORE – Media OutReach Newswire – 23 January 2025 – The Singapore Cat Carnival 2025, the first cat-exclusive event at Marina Bay Sands, is set to captivate feline enthusiasts on 22 and 23 February 2025 at Marina Bay Sands Expo & Convention Centre, Level 1, Hall C. Running from 10 AM to 8 PM, the event aims to bring together cat owners, breeders, and enthusiasts to celebrate […]
HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 24 January 2025 – A Memorandum of Understanding (MoU) was signed today between, Saigon Jim Brother’s Corporation (EVM), Solarvest (Vietnam) Company Limited (“Solarvest”), and Power Engineering Consulting Joint Stock Company 2 (PECC2), marking the start of a strategic partnership aimed at accelerating the adoption of a renewable energy solution in Vietnam. This collaboration focuses on leveraging the […]
By Nitya Chakraborty Just six days have passed since the inauguration of Donald Trump as the second term President of the United States of America and his policy announcements on the first day in office. The impact varies from country to country but nowhere it is more panicky than in the European Union countries, especially […]
Cardholders with locally issued Visa credit cards in Vietnam will soon have access to real-time installment offers at top merchants in South Korea, enhancing repayment convenience while traveling HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 24 January 2025 – Visa (NYSE: V), a global leader in digital payments, and DealMe, a fintech company, have joined forces to address the increasing demand for cross-border shopping […]
WASHINGTON, DC and ULAANBAATAR, MONGOLIA – Media OutReach Newswire – 24 January 2025 – The U.S. International Development Finance Corporation (DFC) has received approval from its Board of Directors on a $150 million landmark financing to the Mongolian Mortgage Corporation (MIK), advised by Delphos, the global financial advisory firm. This transformative deal will see the DFC acquire $150 million of mortgage-backed securities, managed by MIK, enabling local […]
First-ever corporation to top Corporate Knights Global 100 twice 14th consecutive year in Global 100 index, 7th top 10 ranking Follows strong 2024 performance in other key ESG ratings HONG KONG SAR – Media OutReach Newswire – 24 January 2025 – Schneider Electric, the leader in the digital transformation of energy management and automation, has been named the World’s Most Sustainable Corporation 2025 by Corporate Knights and […]
Banks should prioritise cost optimisation, data governance, and digital transformation to build a foundation for long-term growth HONG KONG SAR – Media OutReach Newswire – 24 January 2025 – Hong Kong’s banking sector showed signs of recovery in 2024 after a prolonged period of challenges. This positive trend is expected to continue in 2025, with the pace of US rate cuts expected to be slower than many […]
HONG KONG SAR – Media OutReach Newswire – 24 January 2025 – Financial Secretary of the Hong Kong Special Administrative Region (SAR), Paul Chan, wrapped up his participation at the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland (January 23) with a flurry of thematic meetings, panel discussions and high-level exchanges with global political, business and financial leaders. As a panelist for a discussion session titled […]
HAIKOU, CHINA – Media OutReach Newswire – 24 January 2025 – Recently, the Hainan Free Trade Port in southern China has launched various events featuring intangible cultural heritage to celebrate the Spring Festival. Visitors can look forward to abundant sunshine, a rich cultural legacy, verdant rainforests, and warm hospitality over the holiday season. Hainan has planned 300 programs to highlight its intangible cultural heritage. Festival, the social […]
MOSCOW, RUSSIA – Media OutReach Newswire – 24 January 2025 – Wildberries, a leading e-commerce platform in Eurasia, saw a surge in sales turnover for its operations in Central Asia in 2024. With a population of 75 million and rapidly growing online retail penetration, Central Asia is one of the world’s most dynamic markets for e-commerce growth. Wildberries currently operates in three of the region’s five countries. […]
By Ashis Biswas In Bangladesh, a bunch of unelected interim ‘rulers’ led by economist Mohammad Yunus is desperately anxious to cosy up to Pakistan, from which their country had seceded violently only five decades ago. In a strange reversal of their own (instant?) history, Bangladeshis have shown an apparent inability to exist and function as […]
Re-imagining a Classic Tale of the Three Kingdoms in English; Renowned Theatre Director Dr Vicki Ooi’s 101st Production HONG KONG SAR – Media OutReach Newswire – 24 January 2025 – Widely celebrated for its literary and artistic value, as well as its timeless virtues, the Chinese literary classic Romance of the Three Kingdoms continues to inspire audiences across generations. The Absolutely Fabulous Theatre Connection (AFTEC), known for […]
SINGAPORE – Media OutReach Newswire – 24 January 2025 – Kaplan (Singapore) officially launched its new Odeon 333 City Campus1 on 17 January 2025, another dynamic hub for delivering Murdoch University and Kaplan programmes and fostering a vibrant environment for student activities. This landmark occasion also celebrates the longstanding partnership between Murdoch University and Kaplan, recently renewed for another 15 years in 2024. From left to right, […]
Reliance Industries, under the leadership of Mukesh Ambani, is set to construct the world’s largest data center in Jamnagar, Gujarat. This ambitious project aims to bolster India’s artificial intelligence (AI) capabilities and digital infrastructure. The data center is projected to have a capacity of three gigawatts, significantly surpassing existing facilities globally. This development aligns with Reliance’s strategic focus on AI and digital services, reflecting a substantial investment […]
