The Ras Al Khaimah Investment Authority (Rakia) plans to raise at least $1.8bn in bonds and loans this year to build islands off the UAE coast and an aluminium plant in India, reported Reuters. Rakia, which manages funds of Ras Al Khaimah's government, would raise some of the money in accordance with Islamic law, said Chief Executive Khater Massaad.
[AMEInfo.com]



Related Articles

Saudi receives $18bn in FDI

Brussels seeks to harmonise EU housing loans markets

Experience the Pleasant Route to Loans

EMAL seeks $5bn loan

Lehman Auctions Off $852 Million of Loans

Posted: 10|25|07 at 7:59 am. Filed under: News.