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Banking sources said B.C. Arya, chairman of the parent firm, was cooperating with banks in discussing the debt. The two could not be reached for comment. Banks with exposure to JBF RAK include Mashreq, Abu Dhabi Commercial.

Shares in RAK Properties jump 8.2 percent, are Abu Dhabi’s most heavily traded stock ** Company reported 2015 profit rose to 160 million dirhams ($43.6 million) from 156 million dirhams in 2014 as revenues climbed 23 percent ** Nine.

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ABU DHABI, Nov 29 (Reuters) – RAK Ceramics plans to build a third plant in India to almost double its production capacity there next year, the UAE-based company’s chief executive told Reuters. "Our target in India is to have 20.

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Dubai: Manufacturer JBF RAK, which is 60 percent owned by the United Arab Emirates’ Ras al-Khaimah Investment Authority (RAKIA), is in talks with banks about renegotiating around Dh2bn ($544.6 m) of debt, banking sources told.

The hackers, who are not named in the indictment, then raised the withdrawal limits on prepaid MasterCard debit accounts issued by the National Bank of Ras Al-Khaimah, also known as RakBank, which is in United Arab Emirates.

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The hackers, who are not named in the indictment, then raised the withdrawal limits on prepaid MasterCard debit accounts issued by the National Bank of Ras Al-Khaimah, also known as RakBank, which is in United Arab Emirates.

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