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Mid East Info
02-07-2025
- Business
- Mid East Info
Ras Al Khaimah network launches to empower, connect and celebrate women, with 50 female leaders present - Middle East Business News and Information
Established by Ras Al Khaimah Investment and Development Office IDO, WISE network is 'about creating space for dialogue, mentorship and opportunity' for women from IDO-affiliated entities Ras Al Khaimah, United Arab Emirates: Ras Al Khaimah has launched a network for women, with the aim of empowering, uplifting, coaching, connecting and celebrating women from IDO-affiliated entities across the Emirate. In the first-ever event for WISE – Women In Strength and Empowerment, Ras Al Khaimah Women's Network – fifty female top leaders were in attendance as inspiring conversations and a panel discussion were built around the theme of 'Women in Leadership'. The WISE network was established by the Emirate's Investment and Development Office IDO to provide a platform that supports women across IDO-affiliated entities, highlights female leaders, fosters peer connections and seeks to make a long-term impact through structured and ongoing engagement. WISE aims to empower women, both professionally and personally, to build a visible, connected community of female leaders and encourage mentorship, growth and leadership development. The establishment of the network recognizes that long-term progress and inclusive development depend on ensuring women have the visibility, support and opportunities needed to lead, thrive and shape the future of Ras Al Khaimah. His Excellency Mohammed Sultan Al Qadi, Managing Director of the IDO, said: 'The launch of WISE , Ras Al Khaimah Women's Network, is a meaningful step forward in our ongoing journey to ensure a more inclusive, connected and empowered society. Women have always played a vital role in shaping our Emirate's story, and this network offers a dedicated platform to support their continued growth, leadership and visibility across all sectors. 'It is about more than recognition; it is about creating space for dialogue, mentorship and opportunity, and ensuring that women from all IDO-affiliated organizations are equipped and encouraged to lead. By investing in the potential of women, we are investing in the long-term success, innovation and resilience of Ras Al Khaimah.' Launched at the Movenpick Resort, Al Marjan Island, the first WISE event featured conversations with notable C-suite female leaders from Ras Al Khaimah and beyond, as well as a panel discussion with speakers including Sherri DeSalvio, VP Pre-Opening Planning & Strategic Initiatives at Wynn Al Marjan Island, Mandy Van De Velde, Senior VP Investment at IDO and Dr. Alida Scholtz, CFO at RAKEZ. The session was moderated by Dr Lina Almarestani, Senior Manager at PwC Academy. Future WISE events will expand to include more women, with senior female leaders serving as mentors and coaches. Meetings will be regular and both in person and virtually. About the Investment and Development Office: The Investment and Development Office (IDO) is the investment arm of the Government of Ras Al Khaimah. It was established by Emiri Decree in 2004 and is a pillar of the Emirate's development and prosperity. IDO's mandate is to generate superior and reliable financial returns and to drive sustainable economic growth and diversification for the Emirate and its people, for generations to come. IDO's portfolio spans a wide range of sectors, with both listed and non-listed investments. About Ras Al Khaimah: Ras Al Khaimah RAK, the fourth largest Emirate in the UAE, is defined by its natural diversity, rich history and a forward-thinking vision, led by His Highness Sheikh Saud bin Saqr Al Qasimi. His focus on sustainable development, economic prosperity, environmental conservation, social development and innovation has shaped RAK into an ideal environment to live, work and invest. With a strategic location connecting East and West – placing one third of the world's population within four hours' flying time – RAK is a gateway to key markets, such as the UAE, Middle East, Africa, India and beyond. RAK's economy is among the most diversified in the region, with no single sector contributing more than 27% to its GDP. The Emirate offers a business-friendly environment, with simplified, customizable services, low operating costs, 100% foreign ownership, zero personal income tax and one of the world's lowest corporate tax rates. Its efficient judicial system, recognized by the World Bank, ensures fairness and transparency. RAK also boasts world-class infrastructure, including multiple seaports strategically close to the Strait of Hormuz and major international shipping lanes, an international airport and extensive logistics capabilities. RAK is home to over 50,000 companies from 100+ countries, including industry leaders and global exporters, such as RAK Ceramics and Julphar. Over 30,000 of these businesses operate within Ras Al Khaimah Economic Zone (RAKEZ), one of the region's largest free zones, while RAK Digital Assets Oasis (RAK DAO) reinforces the Emirate's ambition to become a global hub for Web3 and digital assets. RAK's economic strength is reflected by 15+ years of consistent 'A'-range Fitch and S&P credit ratings, with both agencies upgrading RAK in 2024, to 'A/A-1' by S&P and 'A+' by Fitch. RAK has a multicultural society of 0.4 million people from 150 countries and offers a high quality of life, including accessible luxury living and a serene coastal lifestyle. Significant investment in RAK's real estate, hospitality and tourism sectors in recent years is seeing signature luxury global brands, such as Wynn, Four Seasons, Nobu, Fairmont and La Mer By Elie Saab joining existing landmarks from Waldorf Astoria, Ritz-Carlton and Mövenpick. Projects such as RAK Central will redefine the commercial and residential landscape, with innovative Grade A office spaces and modern, sustainable residential areas creating a desirable location for upscale living. As a fast-growing tourism destination, RAK has become synonymous with adventure, culture and leisure. Its adventure tourism, especially at Jebel Jais, the UAE's highest peak, its stunning natural beauty, including 68km of beaches spanning the majority of a near-80km coastline, and 7,000 years of history further enhance its universal appeal. Four of RAK's archaeological sites are on UNESCO's tentative list of World Heritage Sites. With year-round sunshine, straightforward business set-up, a competitive cost of living and high quality of life , Ras Al Khaimah offers limitless opportunities, making it a destination that truly embraces potential.
Zawya
02-07-2025
- Business
- Zawya
Ras Al Khaimah network launches to empower, connect and celebrate women, with 50 female leaders present
Established by Ras Al Khaimah Investment and Development Office (IDO), WISE network is 'about creating space for dialogue, mentorship and opportunity' for women from IDO-affiliated entities Ras Al Khaimah, United Arab Emirates: Ras Al Khaimah has launched a network for women, with the aim of empowering, uplifting, coaching, connecting and celebrating women from IDO-affiliated entities across the Emirate. In the first-ever event for WISE – Women In Strength and Empowerment, Ras Al Khaimah Women's Network – fifty female top leaders were in attendance as inspiring conversations and a panel discussion were built around the theme of 'Women in Leadership'. The WISE network was established by the Emirate's Investment and Development Office (IDO) to provide a platform that supports women across IDO-affiliated entities, highlights female leaders, fosters peer connections and seeks to make a long-term impact through structured and ongoing engagement. WISE aims to empower women, both professionally and personally, to build a visible, connected community of female leaders and encourage mentorship, growth and leadership development. The establishment of the network recognizes that long-term progress and inclusive development depend on ensuring women have the visibility, support and opportunities needed to lead, thrive and shape the future of Ras Al Khaimah. His Excellency Mohammed Sultan Al Qadi, Managing Director of the IDO, said: 'The launch of WISE, Ras Al Khaimah Women's Network, is a meaningful step forward in our ongoing journey to ensure a more inclusive, connected and empowered society. Women have always played a vital role in shaping our Emirate's story, and this network offers a dedicated platform to support their continued growth, leadership and visibility across all sectors. 'It is about more than recognition; it is about creating space for dialogue, mentorship and opportunity, and ensuring that women from all IDO-affiliated organizations are equipped and encouraged to lead. By investing in the potential of women, we are investing in the long-term success, innovation and resilience of Ras Al Khaimah.' Launched at the Movenpick Resort, Al Marjan Island, the first WISE event featured conversations with notable C-suite female leaders from Ras Al Khaimah and beyond, as well as a panel discussion with speakers including Sherri DeSalvio, VP Pre-Opening Planning & Strategic Initiatives at Wynn Al Marjan Island, Mandy Van De Velde, Senior VP Investment at IDO and Dr. Alida Scholtz, CFO at RAKEZ. The session was moderated by Dr Lina Almarestani, Senior Manager at PwC Academy. Future WISE events will expand to include more women, with senior female leaders serving as mentors and coaches. Meetings will be regular and both in person and virtually. About the Investment and Development Office The Investment and Development Office (IDO) is the investment arm of the Government of Ras Al Khaimah. It was established by Emiri Decree in 2004 and is a pillar of the Emirate's development and prosperity. IDO's mandate is to generate superior and reliable financial returns and to drive sustainable economic growth and diversification for the Emirate and its people, for generations to come. IDO's portfolio spans a wide range of sectors, with both listed and non-listed investments. About Ras Al Khaimah Ras Al Khaimah (RAK), the fourth largest Emirate in the UAE, is defined by its natural diversity, rich history and a forward-thinking vision, led by His Highness Sheikh Saud bin Saqr Al Qasimi. His focus on sustainable development, economic prosperity, environmental conservation, social development and innovation has shaped RAK into an ideal environment to live, work and invest. With a strategic location connecting East and West – placing one third of the world's population within four hours' flying time – RAK is a gateway to key markets, such as the UAE, Middle East, Africa, India and beyond. RAK's economy is among the most diversified in the region, with no single sector contributing more than 27% to its GDP. The Emirate offers a business-friendly environment, with simplified, customizable services, low operating costs, 100% foreign ownership, zero personal income tax and one of the world's lowest corporate tax rates. Its efficient judicial system, recognized by the World Bank, ensures fairness and transparency. RAK also boasts world-class infrastructure, including multiple seaports strategically close to the Strait of Hormuz and major international shipping lanes, an international airport and extensive logistics capabilities. RAK is home to over 50,000 companies from 100+ countries, including industry leaders and global exporters, such as RAK Ceramics and Julphar. Over 30,000 of these businesses operate within Ras Al Khaimah Economic Zone (RAKEZ), one of the region's largest free zones, while RAK Digital Assets Oasis (RAK DAO) reinforces the Emirate's ambition to become a global hub for Web3 and digital assets. RAK's economic strength is reflected by 15+ years of consistent 'A'-range Fitch and S&P credit ratings, with both agencies upgrading RAK in 2024, to 'A/A-1' by S&P and 'A+' by Fitch. RAK has a multicultural society of 0.4 million people from 150 countries and offers a high quality of life, including accessible luxury living and a serene coastal lifestyle. Significant investment in RAK's real estate, hospitality and tourism sectors in recent years is seeing signature luxury global brands, such as Wynn, Four Seasons, Nobu, Fairmont and La Mer By Elie Saab joining existing landmarks from Waldorf Astoria, Ritz-Carlton and Mövenpick. Projects such as RAK Central will redefine the commercial and residential landscape, with innovative Grade A office spaces and modern, sustainable residential areas creating a desirable location for upscale living. As a fast-growing tourism destination, RAK has become synonymous with adventure, culture and leisure. Its adventure tourism, especially at Jebel Jais, the UAE's highest peak, its stunning natural beauty, including 68km of beaches spanning the majority of a near-80km coastline, and 7,000 years of history further enhance its universal appeal. Four of RAK's archaeological sites are on UNESCO's tentative list of World Heritage Sites. With year-round sunshine, straightforward business set-up, a competitive cost of living and high quality of life, Ras Al Khaimah offers limitless opportunities, making it a destination that truly embraces potential.
Emirates 24/7
13-03-2025
- Business
- Emirates 24/7
Nasdaq Dubai Welcomes USD 1 Billion Sukuk Listing by the Government of Ras Al Khaimah
Nasdaq Dubai today welcomed the listing of the Government of Ras Al Khaimah's (acting through the Investment and Development Office of Ras Al Khaimah (the IDO)) 10-year USD1 billion senior unsecured Sukuk at a profit rate of 5.038% issued on 5 March 2025. The Sukuk, due in 2035, has been issued under the USD 2 billion Trust Certificate Issuance Programme of RAK Capital, a special-purpose vehicle affiliated with the Government of Ras Al Khaimah, and will support Ras Al Khaimah's economic growth and infrastructure development plans. The issuance attracted strong investor demand, with an orderbook exceeding USD 4.4 billion, indicating market confidence in Ras Al Khaimah's economic stability and growth prospects. Mr. Mohammed Sultan Al Qadi, Managing Director at the IDO, rang the market-opening bell at Nasdaq Dubai on behalf of the Government of Ras Al Khaimah to celebrate the listing, in the presence Mr. Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). Mr. Mohammed Sultan Al Qadi, Managing Director, Investment and Development Office of Ras Al Khaimah (IDO), said: "This Sukuk issuance is a reflection of Ras Al Khaimah's prudent financial management and our commitment to long-term economic growth. The overwhelming investor response highlights the strength of our economic fundamentals, and listing on Nasdaq Dubai provides us with a transparent and well-regulated platform to engage with global investors." Mr. Hamed Ali, CEO of Nasdaq Dubai and DFM, added: "We are pleased to welcome Ras Al Khaimah's recent USD 1 billion Sukuk listing on Nasdaq Dubai. The strong investor demand reflects the deep and sustained appetite for high-quality sovereign debt. With government issuances making up 62% of Nasdaq Dubai's listings, this reinforces our position as the leading exchange for public fundraising, providing issuers with a trusted and well-regulated platform to access global capital markets.' This listing follows RAK Capital's previous Sukuk issuances on the exchange, including the USD 500 million Sukuk that matured in October 2018 and the currently listed USD 1 billion Sukuk issued in 2015, which will mature by the end of March 2025. With this listing, the total value of Sukuk listed on Nasdaq Dubai now exceeds USD 92.7 billion, further solidifying its position as a global hub for Islamic finance. Overall, the value of debt securities currently listed on Nasdaq Dubai has reached USD 136.2 billion across 157 issuances. Follow Emirates 24|7 on Google News.
Gulf Today
13-03-2025
- Business
- Gulf Today
Nasdaq Dubai welcomes $1 billion Sukuk listing by RAK government
Nasdaq Dubai today welcomed the listing of the Government of Ras Al Khaimah's, acting through the Investment and Development Office of Ras Al Khaimah (IDO), 10-year US$1 billion senior unsecured Sukuk at a profit rate of 5.038 percent issued on 5th March 2025. The Sukuk, due in 2035, has been issued under the $2 billion Trust Certificate Issuance Programme of RAK Capital, a special-purpose vehicle affiliated with the Government of Ras Al Khaimah, and will support Ras Al Khaimah's economic growth and infrastructure development plans. The issuance attracted strong investor demand, with an orderbook exceeding $4.4 billion, indicating market confidence in Ras Al Khaimah's economic stability and growth prospects. Mohammed Sultan Al Qadi, Managing Director at the IDO, rang the market-opening bell at Nasdaq Dubai on behalf of the Government of Ras Al Khaimah to celebrate the listing in the presence Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). Al Qadi said, 'This Sukuk issuance is a reflection of Ras Al Khaimah's prudent financial management and our commitment to long-term economic growth. The overwhelming investor response highlights the strength of our economic fundamentals, and listing on Nasdaq Dubai provides us with a transparent and well-regulated platform to engage with global investors.' Ali, in turn, stated, 'We are pleased to welcome Ras Al Khaimah's recent $1 billion Sukuk listing on Nasdaq Dubai. The strong investor demand reflects the deep and sustained appetite for high-quality sovereign debt. With government issuances making up 62 percent of Nasdaq Dubai's listings, this reinforces our position as the leading exchange for public fundraising, providing issuers with a trusted and well-regulated platform to access global capital markets.' This listing follows RAK Capital's previous Sukuk issuances on the exchange, including the $500 million Sukuk that matured in October 2018 and the currently listed $1 billion Sukuk issued in 2015, which will mature by the end of March 2025. With this listing, the total value of Sukuk listed on Nasdaq Dubai now exceeds $92.7 billion, further solidifying its position as a global hub for Islamic finance. Overall, the value of debt securities currently listed on Nasdaq Dubai has reached $136.2 billion across 157 issuances.
Khaleej Times
13-03-2025
- Business
- Khaleej Times
Value of debt securities listed on Nasdaq Dubai crosses $136 billion
With the latest $1 billion listing by the Government of Ras Al Khaimah, the total value of sukuk listed on Nasdaq Dubai now exceeds $92.7 billion, further enhancing its position as a global hub for Islamic finance. The listing, a 10-year $1 billion senior unsecured sukuk at a profit rate of 5.038 per cent issued on March 5, was through the Investment and Development Office of Ras Al Khaimah. Overall, now the value of debt securities currently listed on Nasdaq Dubai has reached $136.2 billion across 157 issuances. Fitch Ratings anticipates a vibrant UAE debt capital market (DCM) in 2025, and predicts it to grow to $400 billion over the next few years. This growth will be propelled by funding diversification, upcoming debt maturities, infrastructure financing, regulatory reforms, and the Dirham Monetary Framework (DMF) implantation, the ratings agency said. Due in 2035, the new sukuk has been issued under the $2 billion trust certificate issuance programme of RAK Capital, a special-purpose vehicle affiliated with the Government of Ras Al Khaimah, and will support the emirate's economic growth and infrastructure development plans. The issuance attracted strong investor demand, with an orderbook exceeding $4.4 billion, indicating market confidence in Ras Al Khaimah's economic stability and growth prospects. Mohammed Sultan Al Qadi, managing director at the IDO, rang the market-opening bell at Nasdaq Dubai on behalf of the Government of Ras Al Khaimah to celebrate the listing, in the presence Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). 'This Sukuk issuance is a reflection of Ras Al Khaimah's prudent financial management and our commitment to long-term economic growth. The overwhelming investor response highlights the strength of our economic fundamentals, and listing on Nasdaq Dubai provides us with a transparent and well-regulated platform to engage with global investors,' said Al Qadi. Ali said the strong investor demand reflects the deep and sustained appetite for high-quality sovereign debt. 'With government issuances making up 62 per cent of Nasdaq Dubai's listings, this reinforces our position as the leading exchange for public fundraising, providing issuers with a trusted and well-regulated platform to access global capital markets.' This listing follows RAK Capital's previous Sukuk issuances on the exchange, including the $500 million Sukuk that matured in October 2018 and the currently listed $1 billion Sukuk issued in 2015, which will mature by the end of March 2025. According to Fitch, A favourable funding environment, with projected lower US Federal Reserve interest rates in 2025, and declining oil prices could further stimulate the diverse DCM. 'Nasdaq Dubai continues to be a key global listing venue for Sukuk. After surpassing $300 billion and up just over 10 per cent from last year, the UAE DCM is on track to reach $400 billion, driven by strategic diversification and reforms,' says Bashar Al Natoor, Global Head of Islamic Finance at Fitch Ratings. 'The UAE continues to be a key part of the global sukuk landscape, with 92 per cent of its sukuk being investment-grade, nearly all of its sukuk issuers on stable outlooks. No defaults in 2024 highlight the market stability, supported by the evolving Dirham Monetary Framework and favourable funding conditions,' Al Natoor said. The UAE was the third-largest dollar debt issuer in emerging markets (excluding China) and the second-largest DCM among GCC countries in 2024.
