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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
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
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04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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