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Rakia seeks $1.8bn in loans
- United Arab Emirates: Thursday, October 25 - 2007 at 10:59
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.
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Jeff Florian, Senior ReporterThursday, October 25 - 2007 at 10:59 UAE local time (GMT+4)
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