High provisions hit RAK Properties in Q2

RAK Properties has said its second-quarter net income dropped 30.5% to $6.26m,compared with $9m, on higher provisions for the quarter, as the...

$118m construction contracts for UAE roads awarded

The Follow Up Committee of Initiatives of the UAE President has approved the awarding of two contracts worth $118.4m for the construction...

Waldorf Astoria, the luxury hotel brand made famous by its namesake in New York City, has announced plans to open its first...

RAK Properties has re-located its official headquarters to Julphar Towers, one of its flagship properties, to reflect its “rising stature in the...

Ras Al Khaimah is being forced to address an increasingly urgent dilemma; predominantly a manufacturing base, energy consumption is so high many...