Home to sizeable reserves of clay, limestone and sand, but few petroleum resources and fewer than 500,000 residents, Ras Al Khaimah holds a unique position among the UAE’s seven emirates, maintaining a less frenetic pace of life even as its GDP growth rises above the national average.
Are you concerned that the numerous projects that are currently under way, along with the increasing drive to attract foreign nationals to the emirate, could dilute Ras Al Khaimah’s heritage and traditions somewhat?
Although the government of Ras Al Khaimah is not known for frequent bond issuance, it returned to the debt markets in 2015 with the deployment of a $500m sovereign sukuk (Islamic bond). Bonds, both Islamic and conventional, have been increasingly utilised by public and semi-privatised entities in the emirate recently, and despite...
The push among GCC states to invest in Africa came about in earnest following the 2007-08 global food price crisis, and targeted agricultural land and strategic commodity production. Agribusiness, sovereign wealth funds and other agri-investment vehicles were the main players. Primarily state-led, the investments at that time centred on...
Australia’s links with the Gulf states are close and getting closer. Australians and citizens of Gulf states are spending more and more time in each other’s countries, the security relationship is growing and business relationships are booming.
Following a difficult period for the international shipping market, in 2012 the container route from Shanghai to the Gulf through Dubai saw the second-highest rate of freight growth in the entire Asian region. This was part of an emerging trend of the maturation of GCC-Asia trade. A relationship that was once just based on energy demand is...
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