Month: February 2009

Ras Al Khaimah to have University of Pune campus

Ras Al Khaimah is set to welcome one of India’s top-ranked state institutions; University of Pune (UoP). The university has announced its plans to open a campus in the Emirate of Ras Al Khaimah, offering Indian accredited degree programmes in 2009. The plans for this were announced at a function held by Ras Al Khaimah’s… Read more »

Turkey to see $8 bn investment in power production

Turkey’s Sabanci Holding and Austrian utility Verbund’s venture, Enerjisa, will be investing a total of $8 billion in power production. The venture also plans to use these funds to purchase more power distribution grids in Turkey . Enerjisa will purchase a state-run network for $1.225 billion in the capital city of Ankara, which will enable… Read more »

UAE health care sector to boom, Dubai reports

A new report from the Emirate of Dubai shows that the value of the UAE health care market is expected to increase from AED11.73 billion in 2005 to AED43.73 billion in 2015. This report also highlights that as the domestic per capita GDP increases; UAE’s health care market will undergo a rapid transformation as demand… Read more »

Ras Al Khaimah Bank’s net profit surges by 58.4%

Ras Al Khaimah’s National Bank, RAK Bank, in a statement this week announced that it had earned a net profit of AED635.9 million by the end of 2008. This meant the bank experienced an increase of 58.4 percent in its net profit, compared to the end of last year. Ras Al Khaimah Bank’s net profit… Read more »

Turkey attracting medical tourists

Turkey is attracting medical tourists from European countries who are looking for more economical healthcare, compared to their home country. The current economic climate is encouraging foreigners to look for more cost-effective healthcare. This search has led to Turkey being put on the map for being a popular destination for medical tourists. Turkey experienced a… Read more »

Dubai economy to grow 2.5% in 2009

A senior official in the Dubai Government has stated that Dubai’s economy will experience a growth of 2.5 percent over 2009, going against the average global trend. Dubai Government’s Chief Economist, Raed Safadi, added that the 2.5 percent estimate was still “conservative”. In addition to this Safadi also highlighted the continuing aim of the Dubai… Read more »

RAKFTZ ranks high in fDi Magazine’s top free zones in the Middle East

Ras Al Khaimah Free Trade Zone (RAK FTZ) once again proved to be at the leading edge in technology and innovation as fDi Magazine ranked it as one of the best free zones in the Middle East. Ras Al Khaimah Free Trade Zone earned 17th position out of 100, in fDi magazine’s Top Special Economic… Read more »

Turkey “well-known destination” for US tourists

Tourism attaché from the Turkish embassy in New York have highlighted that Turkey has recently become a well-known destination for the population of the United States. This was demonstrated by the popularity of Turkey’s pavilion at the “New York Times Travel Show” this year. The “New York Times Travel Show” is one of the United… Read more »