DEFINITION of 'Ras Al Khaimah Investment Authority - RAKIA'

An organization established under a 2005 decree issued by the ruler of Ras Al Khaimah in United Arab Emirates (UAE). RAKIA's vision is to become the leading authority in making sound investments in Ras Al Khaimah and partner with other parties who share this vision in order to create a sustainable and growing economy. The formation of RAKIA has been an important step towards meeting the Ras Al Khaimah royal family's objective of making the emirate a regional hub for manufacturing, service and tourism.

BREAKING DOWN 'Ras Al Khaimah Investment Authority - RAKIA'

Ras Al Khaimah is a 35-45 minute drive from Dubai. Businesses set up in RAKIA's free trade zones enjoy several advantages such as complete exemption from all taxes, total repatriation of capital and profits, and land leases at highly concessional rates.

  1. Vision Care Insurance

    A financial protection plan that requires the policyholder to ...
  2. Decree Of Foreclosure And Sale

    A declaration made by a court indicating that a piece of property ...
  3. Emirates Interbank Offered Rate ...

    The interest rate charged by banks in the United Arab Emirates ...
  4. Oman Investment Fund

    A state-owned investment fund established in 2006 by the Sultan. ...
  5. Organization Of Arab Petroleum ...

    An inter-governmental organization based in Kuwait that seeks ...
  6. Abu Dhabi Investment Council - ...

    A sovereign wealth fund owned by Abu Dhabi, the capital of the ...
Related Articles
  1. Financial Advisor

    Schwab's Director of Business Consulting Shares Marketing Secrets With RIAs

    Charles Schwab's director of business consulting services Kimberly Sanders lays out how RAs can standout in a crowded marketplace.
  2. Insights

    Emirates Profits Nosedive Due To Brexit & U.S. Travel Policy

    The state-owned airline has decided not to award dividends for the first time in 21 years.
  3. Personal Finance

    Make Financial Decisions Based on Long-Term Visions

    To achieve your goals, you need to think long-term, like three famous tech CEOs.
  4. Managing Wealth

    The World's Richest Royals

    Monarchs are largely a throwback to bygone days, but there are still some with sizable fortunes.
  5. Investing

    American Century's Philosophy on Financial Education

    To learn more visit
  6. Investing

    Qatar to Drill into World's Biggest Natural Gas Field

    Natural gas futures are dropping on the news of new drilling, but Qatar Petroleum thinks long-term demand will make the drilling profitable.
  7. Small Business

    5 Tips For Starting A Business

    From knowing your competition to setting reasonable goals, there are many useful tips to keep in mind when starting a small business.
  8. Investing

    Tesla Launches in Dubai With Sale of 200 Cars

    The electric car manufacturer is counting on cheap electricity prices to power its operations in the Middle East.
  9. Investing

    Oil, Stocks Take a Breath on OPEC and Syria

    Oil appears to be rallying nearly 7% on Friday as the UAE's oil minister Souhail Al Mazroui has hinted that producers could come to an agreement to control output, which has helped rally the ...
  10. Insights

    Real Vision TV’s Raoul Pal on Market Confusion

    The founder of Real Vision TV sees political upheaval and the Trump administration in its infancy as a cause of insecurity amongst investors.
  1. How has Larry Page's vision for Google differed from that of Sergey Brin?

    Learn how Larry Page's vision for Google has differed from that of Sergey Brin and what makes Page's vision different from ... Read Answer >>
Hot Definitions
  1. Money Market

    The money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities ...
  2. Perfect Competition

    Pure or perfect competition is a theoretical market structure in which a number of criteria such as perfect information and ...
  3. Compound Interest

    Compound Interest is interest calculated on the initial principal and also on the accumulated interest of previous periods ...
  4. Income Statement

    A financial statement that measures a company's financial performance over a specific accounting period. Financial performance ...
  5. Leverage Ratio

    A leverage ratio is any one of several financial measurements that look at how much capital comes in the form of debt, or ...
  6. Annuity

    An annuity is a financial product that pays out a fixed stream of payments to an individual, primarily used as an income ...
Trading Center