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FINANCIAL NEWS
UAE’s RAK FTZ reports 4% gain in H1 new registrations
03 Oct 2012
(MENAFN) Ras Al Khaimah Free Trade Zone (RAK FTZ) stated that in the January-June period, the number of new firm registrations rose 4 percent from a year ago to 1,145 companies, reported Khaleej Times.
RAK FTZ said that revenues generated from the registrations grew 10.21 percent to USD33.62 million, up from USD30.51 million in 2011’s same period.
According to the audited report by PricewaterhouseCoopers (PwC), 62 percent of the newly registered firms represent the commercial sector, while 28 percent represent consulting and 9 percent general trading.
It is worth noting that the majority of the new registered firms in RAK FTZ came from India, the UK, Jordan and Pakistan.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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