
Raki Phillips
As CEO of Ras Al Khaimah Tourism Development Authority (RAKTDA), Raki Phillips is responsible for the continued growth of the Emirate as a world-class tourism destination. This includes collaborating with key partners, regulating standards within the sector, developing the Emirate's tourism infrastructure and creating sustainable investment opportunities. In addition to improving the competitive performance of the tourism sector, Phillips is also tasked with the economic and social prosperity of Ras Al Khaimah while enhancing the quality of life for all its residents.
Phillips is an award-winning hospitality veteran and a serial entrepreneur with over 20 years of experience working with some of the world's most renowned brands including Ritz-Carlton Hotels, Fairmont Raffles Hotels International (FRHI) and Universal Studios Orlando. He has always taken pride in what he has done from an early start, ever since he was a sandwich artist at Subway in the US earning his way through college to opening concepts such as JamDubai, District Lounge and Sugarmoo – a game-changing online dessert concept that was the first of its kind.
Phillips has a colourful background, as an American national with Lebanese and Argentinian roots. As a fluent Arabic speaker he has a great understanding of the region having worked in the Middle East since 2005 and was recognized by Hotelier Middle East as one of the 'Top 20 Most Powerful Arab Hoteliers'. His previous role as Senior Partner and Senior Vice President of Development with International Hospitality Consulting Group (INHOCO), saw him develop hotel project pipelines exceeding $5 billion in assets and negotiating multimillion-dollar hotel deals for global luxury brands in over 25 markets worldwide.
Phillips is a member of the Executive Board of RAK Airport and the Pacific Asia Travel Association. He holds a Bachelor of Science in Business Administration from the University of Central Florida, and a MBA in Organizational Management from the University of Phoenix in Orlando.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The National
11 minutes ago
- The National
Private sector companies tell of benefits recruiting Emirati talent as latest deadline nears
UAE business leaders making an investment in local talent are helping to change the face of an evolving private sector landscape as the government's Emiratisation strategy takes shape. Companies told The National of the importance of integrating citizens into their workplace culture and said it was crucial to think outside of the box when launching recruitment drives. Private sector firms with 50 or more employees must ensure 7 per cent of skilled roles are filled by Emiratis by June 30, with substantial fines levied from the following month for those caught flouting the rules. The latest six-monthly target is part of the country's mission to have 10 per cent of private sector jobs taken up by Emiratis by the end of 2026. More than 141,000 Emiratis were employed in private companies by the end of May, the Ministry of Human Resources and Emiratisation said. While businesses are eager to avoid financial penalties, they have been urged to adopt a big picture view of the benefits of unlocking the potential of thousands of new recruits. Learning curve Ben Crompton, managing partner of Crompton Partners estate agents in Abu Dhabi, said that starting early is essential as 'it's a learning curve for everyone involved'. 'First, we needed to know where to advertise to attract Emirati talent. Then, we needed to explain the nature of real estate pay structures [commission-based pay] in comparison to typical salaried jobs. 'We also wanted to ensure our Emirati team members were comfortably settled into a multicultural team, where English is the primary language. And finally, we needed to overcome assumptions about some Emiratis only preferring government jobs. This last challenge is merely an assumption,' said Mr Crompton. Mr Crompton said that the company has benefitted greatly from adding Emiratis to the workforce. 'Some of our clients who are local investors benefit from our Emirati team members' ability to connect with them both linguistically and culturally, and we now have even more success stories with Emirati team members working on highly successful projects that involve selling Emirati-specific properties.' Broadening scope Bader Alawadhi, executive director of Leader Group, which has an extensive portfolio of interests spanning from retail and real estate and shopping malls, said encouraging Emiratis to switch from the public sector remained a challenge. 'There is a limited pool of Emirati talent actively seeking roles in the private sector, especially outside government entities,' he said. 'Many qualified nationals are already in public sector roles that offer more attractive salaries and shorter working hours,' said Mr Alawadhi. Mr Alawadhi advised companies to broaden their scope when searching for Emirati hires and not to solely rely on recruitment portals established by the government. 'There are other talent providers and consultancies that can help access Emirati CVs. Unfortunately, many HR teams focus only on the usual platforms, which narrows the search. The Ministry of Human Resources and Emiratisation might also consider accrediting more sourcing partners to broaden the pool and help companies meet targets more efficiently.' Mr Alawadhi said that they've avoided fines on a compliance level 'but the real win has been seeing committed young Emiratis thrive within our teams'. Carving a niche Mohammed Al Gaith, a senior level worker in real estate, said that finding jobs in the private sector at the senior level proved much harder than junior level jobs. 'When I graduated around 2017, I secured a civil engineering role even before finishing university. At that time, the entry-level landscape was more open. But as you rise through the ranks, the dynamics change − networking, demographics and relationships begin to matter more than merit alone. 'I'm at the senior manager level. But even with that experience, I still face structural barriers. Emiratisation strategies in many organisations focus on entry-level or admin roles to tick the KPI [key performance indicator] box. There's far less emphasis on integrating Emiratis into strategic, decision-making positions. 'This misses a huge opportunity. Emirati professionals at the senior level can offer not just technical skill but cultural intelligence, stakeholder access and a long-term commitment to the national vision.' Mr Al Gaith advised young jobseekers to find a niche and build their career around it. He used the example that where 'there might be hundreds of civil engineers competing for the same role, there are far fewer project controls specialists or planners with deep expertise'. He added that carving a niche sets you apart and increases your value in a highly competitive market. Wealth of talent 'The work experience and knowledge gained in the private sector are extensive, given its dynamic and fast-paced environment,' said Maryam AlNuaimi, Emiratisation and early careers specialist at Marsh McLennan, a professional services company with a focus on risk and strategy. 'If companies take advantage of this initiative by implementing long-term strategies for Emirati employees, the benefits will be significant for everyone involved − the Emiratis, the companies, and the nation as a whole. 'I strongly encourage all companies to adopt this initiative, as there is a wealth of talented Emiratis with great potential,' 'Meeting deadlines is manageable if the company has a strategic recruitment plan in place for hiring Emiratis and has made an effort to maintain a solid pool of candidates to replace on time those who resign,' she added.


Khaleej Times
15 minutes ago
- Khaleej Times
UAE insurance claims hit Dh11 billion, with health coverage driving over half the total
Gross paid insurance claims of all types of insurance plans increased by 18.3 per cent year-on-year to Dh11 billion in the first quarter of 2025, with health insurance accounting for more than half of the total claims. According to the Central Bank of the UAE's latest figures, gross paid claims comprised health insurance claims of Dh6 billion, property and liability insurance claims of Dh4.5 billion, and insurance of persons and fund accumulation claims of Dh0.5 billion. The gross written premiums of UAE insurers increased by 13.8 per cent year-over-year to Dh23.9 billion in the first quarter of 2025, primarily due to a rise in premiums. The Central Bank data showed that health insurance premiums increased by 14.2 per cent, property and liability insurance premiums by 13.9 per cent, and insurance of persons and fund accumulation premiums by 11.1 per cent, primarily due to an increase in individual life insurance premiums. Stay up to date with the latest news. Follow KT on WhatsApp Channels. UAE insurers have increased premiums since the heavy rains caused a surge in claims in March-April 2024, resulting in significant losses to vehicles and properties due to the record rainfall. It is believed that around 100,000 vehicles were damaged by the rains, and thousands of properties were also affected. Insurers in the UAE lost up to $2.5 billion (Dh9.175 billion) during the heavy rains in Dubai, Sharjah and other northern emirates, according to global ratings agency S&P. 'The UAE experienced several storms in early 2024, with the one on April 16 producing the most substantial rainfall since climate data recording began in 1949. Based on current estimates by industry participants, insured losses from the rainstorms could range from $1.5 billion to $2.5 billion (Dh5.5 billion to Dh9.175 billion), largely relating to property claims in Dubai,' said S&P analysts in a note in October. In the UAE, there are 59 licensed insurance companies – 23 traditional, 10 takaful national companies, 25 branches of foreign insurance companies and one branch of a foreign reinsurance company operating in the UAE. The number of insurance-related professions increased to 504. In terms of profitability, the net total profit-to-net written premiums ratio stood at 7.3 per cent in the first quarter of 2025. The return on average assets ratio was 0.8 per cent in the first quarter of 2025 compared to 0.6 per cent in the first quarter of the previous year. As reported by Khaleej Time earlier, the UAE insurers' net profit increased by Dh190 million or 24 per cent to Dh987 million in the first quarter of 2025 compared to Dh797 million in the same period last year, due to increased premiums and the absence of heavy rains, which hit the country early last year.


Gulf Today
9 hours ago
- Gulf Today
UAE and Pakistan hold political consultations in Abu Dhabi
The United Arab Emirates and the Islamic Republic of Pakistan convened the second round of political consultations in Abu Dhabi. The session was co-chaired by Reem Ketait, Deputy Assistant Minister for Political Affairs at the UAE Ministry of Foreign Affairs, and Shehryar Akbar Khan, Additional Foreign Secretary at Pakistan's Ministry of Foreign Affairs. The consultations were preceded by a high-level meeting between Sheikh Abdullah Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, and Mohammad Ishaq Dar, Deputy Prime Minister and Minister of Foreign Affairs of Pakistan, as part of the 12th session of the UAE-Pakistan Joint Ministerial Commission, held in Abu Dhabi. During the Political Consultations, both sides highlighted the enduring strength of the bilateral relationship. They reflected on recent high-level visits, and welcomed the ongoing growth of economic ties, with non-oil trade surpassing $8.6 billion in 2024. The two sides exchanged assessments on key regional developments, including the situation in the Middle East, and recent discussions at the United Nations Security Council. In this context, the UAE welcomed Pakistan's active role as a non-permanent member of the Council and was briefed on Pakistan's preparations for its forthcoming presidency of the Council in July 2025. Both sides underscored the value of continued coordination on Security Council matters and reaffirmed their shared commitment to advancing peace, stability, and constructive solutions to regional challenges. In the multilateral arena, they reviewed the two countries' close cooperation in ensuring the success of the 2026 UN Water Conference, which will be co-hosted by the UAE and Senegal. Both sides reaffirmed their commitment to maintaining regular consultations in order to advance common objectives for the mutual benefit of their peoples. The consultations included the attendance of Hamad Obaid Alzaabi, the UAE Ambassador to Pakistan, and Faisal Niaz Tirmizi, Pakistan's Ambassador to the UAE, among other officials from both sides. WAM