Rak business

‫مجلــة أعمــال رأس الخيمــة‬

PUBLISHED BY RAK DED ISSUE (3) MAY-JUNE 2018 ALGHAD LICENSE
STARTING
BEST BOOKS BUSINESS
FOR BUSINESMEN FROM HOME
IBRAHIM
ALHOSANI RAK PROPERTIES
A SPECIAL MODEL UNDERPINS THE
IN LEGAL ARENA CONCEPT OF
HOW TO CONTROL REAL ESTATE
YOUR THOUGHTS INVESTMENT
AND MINDSET
HOTEL
TASAHEEL
THE ADDRESS
15 MINS. LICENSE EMAAR’S FIRST
REGISTRATION EXPANSION IN
RAS AL KHAIMAH

RAK SKSH

NO NEED TO TRAVEL
ABROAD FORMED-
ICAL TREATMENT

JULPHAR...JEROME CARLE

A PROMINENT PLAYER IN GLOBAL
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EDITORIAL RAK DED
INCENTIVES TO BOOST BUSINESS

SUPERVISION The instructions of His Highness Sheikh Saud bin Saqr Al Qasimi, Member of the Supreme
SH. Mohamed bin Kayed Al Qasimi Council of the Union and Ruler of Ras Al Khaimah, to all local government departments, to
provide the best services to support and develop the economic performance in the Emirate,
EDITOR IN CHIEF prompted Ras Al Khaimah Department of Economic Development, to initiate a series of new
Dr. Abdulrahman Alshayeb AlNaqbi regulatory decisions, including the application of a variety of incentives. The objective of
the package is to develop and stimulate the business environment, commensurate with the
Managing Editor actual needs and aspirations of the business community in the emirate; they also aim at
Aisha Obaid Alayyan revitalizing and sustaining economic and commercial activities in the emirate.
The incentives included the extension of the grace period for the renewal of the expired
Editors licenses, from 30 to 90 days, giving additional time for the license holders to adjust their
Dr. Abdel Halim Moheisen status and renew their licenses within a suitable period of time, without any additional
Maryam Haji Mohammed procedural, legal or financial burden. The incentives also included allowing more than one
license (maximum 3 licenses) to be opened in one or site or location, for activities which
EDITING & DESIGN practically require an office; such as professional, consulting, programming, computer and
other similar activities.
Khawla Ibrahim The new incentives, allowed licenses to be issued to branches of companies licensed outside
Zina Abboud the emirate, without the need to provide an office at the first year. This includes all types of
Zainab Shieha wholesale trade activities (except food stuffs trading). Professional activities that do not re-
Hafsa Hafeez quire an office to conduct their activities, are also allowed. These procedures constitute im-
portant inducement to do business in the emirate, as they will reduce the burden of the cost
Maher SafyeldiN of doing business, and encourage the establishment of more companies in the mentioned
activities, to enhance the economy of the emirate.
Contacts and Advertising The incentives package, cancelled the permit required for shops and commercial establish-
050 899 5669 ments to extend working hours until 2 am. This was replaced with a permit to work 24 hours
for the establishments that wish to do so. This will encourage such establishments to meet
+971 7 222 9995 the needs of their customers throughout the day, and open up for them new horizons, to in-
[email protected] crease their revenues and sales. The stimulus package included the cancellation of the prior
inspection of the sites, required for licensing certain economic activities that will operate in
Opinions expressed in articles are the writer’s own and do certain locations in the emirate, such as locations in major shopping malls, traditional mar-
not reflect the view of RAK DED Or RAKBusiness Maga- kets, office buildings, and other known sites, for which the required information about the
type and location of the property is available and already known. The developed licensing
zine. Although every effort is made to ensure the accuracy system, applied in the Department of Economic Development known as the “Derb” locates
of the information published, the publisher also disclaims and defines the coordinates of economic establishments, with pictures of the facades of
buildings, to determine their status and their conformity with the terms of use in economic
any legal responsibility towards other parties. activities.
The main purpose of this step taken be the Department, was to reduce the number of proce-
dures and time for business licensing, and comply with the World Bank ease of doing busi-
ness standards. Eventually, this will contribute to the promotion, sustainability and attrac-
tiveness of the business climate in the emirate.

Dr. Abdulrahman Alshayeb Al Naqbi
Director General
RAK DED

RAS AL KHAIMAH DEPARTMENT OF ECONOMIC DEVELOPMENT w www.ded.rak.ae E [email protected] Rakded_ae

VISION: STRATEGIC GOALS: O​ RGANIZATIONAL VALUES:
Taking the lead in pursuit of high performance, to build a ֺֺ F acilitating licensing and permits procedures, to enable ֺֺ Excellence: Keen to providing value-added services to meet the needs of the customers.
competitive and sustainable economy ֺֺ Responsibility: Committed to perform our responsibilities toward the customers and the
MISSION: building a balanced and diversified knowledge-based econ-
Regulating, supporting and promoting economic activi- omy. community.
ties, to boost competitiveness and spur innovation, in a ֺֺ Enhancing business monitoring and consumer protection. ֺֺ Respect: Treat our employees, customers and partners with immense care and mutual respect.
comprehensive and sustainable economic development, ֺֺ Boosting ties with partners and the community. ֺֺ Transparency: Believe in clear and explicit communication with our customers, partners,
in close cooperation with our and partners and clients, ֺֺ Furthering and developing organizational support services;
embracing transparency and mutual respect; relying on and fostering the culture of creativity and innovation. employees and suppliers.
qualified national cadres and highly efficient systems and ֺֺ Excelling at provision and rendering of services; and enrich- ֺֺ Collaboration: Value the partnerships and cooperative relations with our employees and
techniques. ing clients’ experience.
the relevant authorities.
ֺֺ Creativity & Innovation: Provide a creativity & innovation stimulating environment.



CONTENTS

26 11 11 14

26 RAK PROPERTIES 18 ALGHAD LICENSE...
UNDERPINS THE CONCEPT OF STARTING BUSINESS FROM HOME
REAL ESTATE INVESTMENT
An ambitious Initiative for
Al Qadi: RAK Properties a regional business startup at low cost.
leader in quality real estate, tour-
ism and entertainment projects

SKSH... NO NEED TO 30 JULPHAR... A PROMINENT 18
TRAVEL ABROAD FOR PLAYER IN GLOBAL PHAR- 46
MEDICAL TREATMENT
MACEUTICAL MARKETS
Latest medical international pro-
tocols in tumors, cardiothoracic Julphar distributes pharma-
surgery and neurology treatment. ceutical products to more than
50 countries across the globe

IBRAHIM AL HOSANI... 3S4uc2cC8eossTncheennSetesr2cSs2attuiEreionTptvnyitar2sobCSo0aehkwnhinelaielcrfMmestkl.ede1s.srnaS6ItgonITfnmeidlhramtAliarespetrartaggFiEoanelWvulv-aetdiels.icyu.nc.taArgatrcleboioAeqlRninuPitAiecysIKriStsimeBporpeuvnocsiriAstci-t..eavR.senrTteIofaCpiRLnAgEKSDED
A SPECIAL MOD-

EL OF LEGAL WORK

30 Legal advocacy is not only a money

earning profession, but a platform

for spreading knowledge, values

of justice, integrity and the rule of 42
law.

COLUMNS 46 AL MARJAN ISLAND... ATTRACTS
LUXURY HOTEL BRANDS TO THE
29 LEGAL CONSULTATION. HOSPITALITY MARKET IN RAK
37 5 BEST BOOKS FOR BUSINESSMEN TO
Agreements for setting to launch
READ. ‘The Address Al Marjan Island’

37 4 APPS. FOR EFFICIENT BUSINESS and ‘Rove Al Marjan Island’
hotels.
MANAGING.

45 5 HOTELS & RESORTS OFFERS IN RAK.

CYPRUS... THE TRANQUIL
SIDE OF A LUXURY BEACH

An ideal destination for spending
quality time.

Download the app. Experience the brand.

RAK Insurance mobile app is now available for download. It offers:

• Easy access to your medical network
• Buy a wide range of insurance products online
• Exclusive customer portal
• Emergency contact services
• Simple and hassle-free guidelines on how to make a claim

We believe that a beautiful tomorrow begins with a wiser today.

ECONOMIC
PANORAMA

INCHEON NATIONAL UNIVERSITY OF SOUTH KOREA AWARDS HONORARY PHD TO THE RULER OF RAS AL KHAIMAH

His Excellency Sheikh Saud Bin Saqr Al Qasimi, Member world and stands as a model for others. We have utilized
of the Supreme Council and Ruler of Ras Al Khaimah, was our oil to build prosperous cities and diversified industries;
awarded an Honorary Doctorate in Economics in recogni- while also welcoming people from all over the world to join
tion of the economic growth and achievements partaken us in our vision to achieve a science and knowledge-based
by His Highness within the Emirate. society that embraces its many cultures.”
In a word to the crowd of students, faculty members and “We have succeeded in improving knowledge and education
Dr. Dong-Song Cho, President of Incheon National Univer- in Ras Al Khaimah through the Sheikh Saud bin Saqr Al Qa-
sity, His Highness the Ruler of Ras Al Khaimah said: “I am simi Foundation for Policy Research. The Foundation’s re-
honored and filled with gratitude to receive such a degree search is vital to understanding Emirati society and ensures
from this prestigious university.” that the society is purposefully engaged in order to confirm
“As the UAE was being formed, South Korea was on the that they are a part of our bright future..”.
edge of economic prosperity, and both of our countries Dr. Dong-Song Cho, President of Incheon National University,
have witnessed major developments over the past dec- expressed his pride of the University’s recognition to such an
ades,” His Highness added. inspiring leader that has dedicated his life to the development
“Our beloved country is now a stabilizing force in the Arab of Ras Al Khaimah.

6 | RAKBUSINESS

ECONOMIC PANORAMA NEWS

PUBLIC-PRIVATE COOPERATION FORUM
TO SUSTAIN DEVELOPMENT IN RAK

RAK Chamber of Commerce and Industry (RAK role in achieving sustainable development, we general in response to the economic changes
Chamber) and the Ras Al Khaimah Department seek to activate all mechanisms of cooperation and non-economic developments taking place
o f Economic Development (RAK DED) have between the two sectors on a permanent and both locally and internationally. The UAE’s fun-
joined efforts to organize a public-private coop- continuous basis...”. damental economic reforms that aim to raise
eration forum to enhance the existing regular On his behalf, Dr. Abdulrahman Al Naqbi, economic performance efficiency and compet-
communication between them. The Forum ad- Director General of RAK DED, said: “Today, itiveness increasingly rely on the private sector
ditionally serves as a venue to compose a uni- public-private cooperation has gained special to lead the economic development process and
fied strategy to develop the private sector’s role importance in the Emirate and the UAE in the rapid technical and technological changes.”
and to address the challenges that limit the im-
plementation of such a strategy.
The Forum aims to achieve future development
and cooperation between the sectors in various
fields, including policies, economic legislation,
procedures, services, government fees, the sup-
port and development of investment projects
and further aspects to support the achievement
of sustainable economic development.
Mohammed Hassan Al Sibb, Acting Director
General of RAK Chamber said: “In light of the
growing keenness of the Ras Al Khaimah Gov-
ernment to develop the private sectors’ pivotal

ROVE HOTELS SIGNS AGREEMENT WITH AL HAMRA FOR RAKEZ LAUNCHES ITS NEW FREELANCER PERMIT

ROVE MANAR MALL HOTEL Ras Al Khaimah Economic Zone (RAKEZ), rolled out the red
carpet for the United Arab Emirates’ (UAE) booming popula-
Rove Hotels, the contemporary midscale hotel brand, has strengthened its tion of media and education freelancers with the introduc-
operations in Ras Al Khaimah, with a management agreement to operate tion of its Freelancer Permit.
the Rove Manar Mall, directly linked to one of the most popular retail and With the Freelancer package valued at AED 8,990, RAKEZ
leisure destinations in the emirate. proves to be among the leading cost-effective destinations
A joint venture between Emaar Properties and Meraas, Rove Hotels signed for the nation’s bold freelancers. The package, which is tar-
the agreement with Al Hamra, the developer of Manar Mall, for the 250- geted to media and education professionals, includes a two-
room hotel that is designed for the value-conscious modern traveller, who year UAE visa as well as access to a shared workstation and
demand reliable, modern and fuss-free service in a tech-driven environment. premium services in a one-stop shop.
Construction work will commence this year with the hotel, situated in Joining the exciting freelance community at RAKEZ is in-
the heart of the city, scheduled to be operational in 2020. In addition to credibly easy, thanks to a fact-track permit issuance which
serving leisure tourists, who are charmed by the beaches, mangroves and allows applicants to get set up in no time. Ramy Jallad
other natural attractions in the emirate, Rove Manar Mall will also appeal Group CEO of RAKEZ, RAK Free Trade Zone and Ras Al
to business guests, given the fast pace of growth in industrial and manu- Khaimah Investment Authority noted that “it is easy for
facturing activity in Ras Al Khaimah. ‘solopreneurs’ to get lost in a sea of processes when they are
setting up a freelance business.” Thus, the economic zone
has made everything as easy and quick as possible for free-
lancers to get started.

RAKBUSINESS | 7

ECONOMIC PANORAMA NEWS

BUILDING ON A LEGACY:
INTRODUCING THE ZAYED
SUSTAINABILITY PRIZE

The Zayed Future Energy Prize will today ZAYED FUTURE ative of basic needs essential to hu- shortlisted entries will undergo eval-
become the Zayed Sustainability Prize ENERGY PRIZE man survival where innovations will uations by a Selection Committee to
as part of a strategic move to refocus its yield progress in sustainable devel- determine the finalists. From these
mandate. After ten years of successfully MORE THAN opment. finalists, a Jury will select the win-
promoting renewable energy initiatives Dr. Lamya Fawwaz, Director of the ners in all five categories, including
across the globe, the Prize will now broad- 1000000 Zayed Sustainability Prize, said: the winning schools from six world
en its focus to affect greater humanitari- “The new categories were carefully regions.
an impact by supporting a wider range of PERSONS EFFECIENTLY selected to reflect the most pressing The deliberations on who wins the
solutions to the challenges of sustainable USING ENERGY sustainability challenges and offer Zayed Sustainability Prize are set
development. the greatest socio-economic impact against three core criteria where en-
Commenting on the Prize’s transforma- 7100000 on the lives of people around the trants must demonstrate:
tion, His Excellency Dr. Sultan Ahmed Al world.” • Impact: Significant and tangible
Jaber, UAE Minister of State and Director HAVE ACCESS TO DRINK- “The Zayed Sustainability Prize will outcomes on the quality of people’s
General of the Zayed Sustainability Prize, ING WATER AT REASONA- also look to inspire today’s youth to lives
said: “Inspired by the vision and legacy be forward-thinkers and cultivate • Innovation: Distinctive characteris-
of our founding father, Sheikh Zayed bin BLE PRICES within them a vested interest in be- tics to change the “status quo” and
Sultan Al Nahyan, the Zayed Future En- coming agents of change for sustain- potential to catalyse opportunities
ergy Prize has, for the last decade, been 17000000 able development – after all, youth that will have a disruptive positive
able to positively impact 307 million lives of today are leaders of tomorrow. impact and transformative change
through empowering access to energy, PUPILS USE SOLAR ENER- Beyond that, we look to recognise ex- • Inspiration: The potential to scale
clean water, education, training, advocacy GY FOR STUDYING isting innovations and amplify their up project outcomes in the next dec-
and more. reach so that they may benefit more ade and the ability to inspire others
“In a move to align more closely with the 25000000 people and bring us closer to help- Winners of the Zayed Sustainabil-
UN Sustainable Development Goals and ing solve some of humanity’s biggest ity Prize will be announced at the
the UAE’s developing national agenda, HAVE MODERN ENERGY challenges,” Dr. Lamya added. awards ceremony during the open-
going forward the Prize will broaden its SOURCES IN ASIA AND The Zayed Sustainability Prize will ing of the Abu Dhabi Sustainability
reach beyond renewable energy, and re- see a three-stage evaluation process, Week, on 14th January 2019.
ward projects and innovative solutions AFRICA beginning with the due diligence The Zayed Sustainability Prize will
from a wider spectrum of sustainability that is conducted by a reputed in- close on 9th August 2018. More in-
and human development initiatives. In ternational research and analysis formation can be obtained at
addition the Prize will expand its support consultancy. Following this, the www.zayedsustainabilityprize.com.
of young people through the Global High
Schools category, which will now reward
youth-driven projects from a greater num-
ber of world regions.”
Based on its renewed mission, the Prize
now has five distinct categories for appli-
cants to choose from: Health, Food, Ener-
gy, Water and Global High Schools. These
pillars are interconnected and represent-

8 | RAKBUSINESS

GERMAN FAUCETS

MADE IN UAE



ECONOMIC PANORAMA SPOTLIGHT

MOHAMMED SULTAN AL QADI...

RAK Properties Underpins
The Concept of Real
Estate Investment

By: Khawla Ibrahim

THE FOUNDING OF “RAK PROPERTIES” IN 2005, UNDER THE GUIDANCE OF HIS HIGH-
NESS SHEIKH SAUD BIN SAQR AL QASSIMI, MEMBER OF THE SUPREME COUNCIL AND
RULER OF RAS AL KHAIMAH, WAS A CRUCIAL JUNCTURE AND A LANDMARK IN THE
RAK REAL ESTATE ARENA; AS IT ADDED QUALITY AND LIVELINESS TO REAL ESTATE,
TOURISM AND LEISURE FACILITIES IN THE REGION.
THE COMPANY HAS BEEN ABLE TO ACHIEVE THE HIGHEST VALUE FOR ITS SHARE-
HOLDERS, THROUGH THE DEVELOPMENT OF SEVERAL PIONEERING PROJECTS, PRO-
VIDING INVESTMENT OPPORTUNITIES FOR INDIVIDUALS OF DIFFERENT NATIONAL-
ITIES TOGETHER WITH THE POSSIBILITY OF ENJOYING FREEHOLD OWNERSHIP IN
THE COMPANY’S EXISTING PROJECTS AT MINA AL ARAB AND JULFAR TOWERS. RAK
PROPERTIES IS DEVELOPING VARIOUS RESIDENTIAL OPTIONS, RANGING FROM STU-
DIOS AND MULTIPLE ROOMS, TO LUXURIOUS 5-BEDROOM VILLAS.

To highlight the activities of this leading vation. These are primary and important
company, “RakBusiness Magazine”, inter- issues that must be adhered to at all times,
viewed HE Mohammed Sultan Al Qadi, RAK in all projects and businesses.
Properties Managing Director, who gave his
views on many issues: How do you view the future development of
the real estate sector in Ras Al Khaimah?
Let us explore future prospects and aspira- What are the ways to protect it from any
tions! Where do you see RAK Properties, as fluctuations? Is the volume of supply and
a real estate developer in the future of the demand balanced in the market today?
emirate and the region? The real estate sector in Ras Al Khaimah,
First, I would like to emphasize that the is moving forward steadily, thanks to the
UAE’s plans and policies, focus on the wise plans and strategies of the Govern-
future; therefore, all institutions govern- ment of Ras Al Khaimah, which all focus
mental and private alike, are supposed on attracting investments, and raising the
to take this orientation into account and efficiency of real estate companies in the
adopt it. RAK Properties, has always been emirate, by providing various facilities and
looking forward to the future; and we have incentives.
been confident that success, excellence RAK Properties is a major addition to the
and uniqueness are the key factors in this real estate sector in the emirate. We have
area. We have achieved significant success; vigorous future plans, through which we
and contributed to the implementation of will actively participate in a number of
several prominent and quality projects, vital areas, such as setting up shopping
which constituted an added value to RAK malls and entering the hospitality industry
emirate. by launching a hospitality arm. This will
We always take into consideration the eventually contribute to the diversification
need of the market, uniqueness and inno- the company’s investment portfolio and

RAKBUSINESS | 11

generate additional returns for sharehold- HAYAT ISLAND parts in a healthy competition to offer the best,
ers. NO. away from conflict and selfishness. Any success
As for the second part of the question, re- achieved by any entity, is success for all; and we
garding fluctuations and the size of supply 6,000,000 should build on it. In fact, we meet with partners
and demand; we assure you that all our and competitors, to discuss common issues and
projects always undergo careful scrutiny SQUARE FEET interests. The ultimate goal, is to promote and
and detailed studies which take into ac- advance the emirate, with continuous competi-
count the real estate sector in general, and 66 % tiveness, based on cooperation, excellence, suc-
the market forecasts and expectations, in cess and innovation.
order to deal to deal with any variables. GREEN SPACE
Therefore, we don’t take any project, with- Regarding the Company’s listing in Abu Dhabi
out considering the need of the market 2457 Stock Exchange; What did the listing add to the
and the supply and demand forces. We al- company’s position in the market, and to inves-
ways make the right decision for projects, APPARTMENTS UNITS tors’ confidence?
learning from lessons of past experiences The listing of RAK Properties in Abu Dhabi Stock
at the global level, especially with regard to 238 Exchange, is an added value to our business, and
dealing with crises.
TOWN HOUSES UNITS
Mina Al Arab Project, has reshaped the
hospitality and entertainment map of the 351
emirate.
What did it add to the high-end entertain- KEYS LUXURY HOTEL
ment market in Ras Al Khaimah?
How do aspire to develop this destination and surate with the reputation of the emirate in the
enhance its presence and attractiveness, given field of real estate and tourism.
the increasing number of similar projects?
With its unique and vibrant location, and How do you work with partners in the Emirate
its embracing of high-end leisure and hos- to promote and develop real estate and tourism
pitality projects, Mina Al Arab stands today sectors in Ras Al Khaimah? What governs the re-
as a charming icon among the real estate, lationship between you and the partners, comple-
investment, tourism and leisure facilities mentarity or competition?
in the emirate. It comprises one of the vital Integration and competition are important
development projects of Ras Al Khaimah, common factor in work. Without competition,
with investments worth AED 5 billion over no one can develop, progress or grow. Without
the next five years. integration, we cannot offer the Emirate appro-
As part of the master plan for the devel- priately what it deserves. We are partners for
opment of Mina Al Arab, which includes the wellbeing of the emirate’ hand in hand with
a number of five-star entertainment facil- all stakeholders in real estate, tourism and in-
ities, we have signed a contract with Al Nu- vestment activities. We work with our counter-
aimi Group, to implement the “InterCon-
tinental Mina Al Arab Resort”, which will
add 350 hotel rooms and luxurious suites
to the emirate. The hotel, along with the
“Anantara Mina Al Arab Ras Al Khaimah
Resort”, which is targeting for an opening
by the end of this year, will support the
emirate’s aspirations to accommodate 2.9
million visitors by 2025.
In addition to stressing the concept of
real estate investment for individuals, I
would like to emphasize that the Mina Al
Arab project, is one of the most important
projects which endorse the concept of in-
tegrated cities. It consists of hotels, shop-
ping centers, residential and office build-
ings and luxury villas. We have completed
more than one third of the project, which
will be completed according to our plans,
in the next few years. The project takes into
account the exact requirements of the mar-
ket and the needs of customers, commen-

12 | RAKBUSINESS

ECONOMIC PANORAMA SPOTLIGHT

HAYAT ISLAND IS ONE OF A KIND IN ITS COMBINA-
TION OF UNSPOILED NATURE AND AN ALL-ENCOM-
PASSING HOST OF AMENITIES, THAT RANGE FROM
THE WATER AND FAMILY PARK, TO STRATEGICALLY
LOCATED SHOPS, A MEDICAL CENTRE, MOSQUES,
AND EXCEPTIONAL RECREATIONAL FACILITIES.

a positive sign of our performance and presence in the add to you, career-wise and personally? EXECUTIVE PROFILE
real estate investment and financial arena. RAK Prop- I am proud to have an accumulated experience of
erties occupies a prestigious position, so we must be more than 35 years of work, diligence and success; Mohammad Sultan Al Qadi
present in the financial market. Our agenda included gained from working in multiple positions, functions Managing Director, RAK
the implementation of the Julfar Residence project on and assuming various responsibilities. Properties.
Al Reem Island in Abu Dhabi. At each station there was success, entrenched memo- A UAE National.
This means that we are present in the market, and ries and invaluable experience. This accumulated ex- Resident of Ras Al Khaimah
are keen to be active in important financial markets, perience turned into awareness and knowledge, which Studied in UK and graduated
as this positively reflects on our performance and en- contributed to serving RAK Properties. in 1975
hances investors’ confidence in RAK Properties. The numerous prestigious awards won by RAK Proper-
You are ranked as one of the top 100 CEOs in the GCC; ties, evidence its esteemed position as an active player An Emirati entrepreneur,
and you also held many leading positions in a number in real estate development in the region. This phase Board Member of the “Com-
of prestigious national companies and institutions. has been a rewarding journey, which contributed to mercial Bank International”
the growth of RAK emirate, in conjunction with the P.S.C.
What did you add to RAK Properties, with this promi- continued development and expansion of real estate Managing Director of RAK
nent career and experience? What did RAK Properties projects throughout the region. Properties

Board Member of the “Emir-
ates Post Group” Member
of the “Higher Colleges of
Technology” Advisory Com-
mittee, and Board member of
Rasmala Trade Finance Fund”

Former Chairman of the
National Development Com-
mission in Etisalat.
Founder of the Etisalat
Training Academy of in Ras
Al Khaimah and Chairman
of the Steering Committee.
(1984-2005)
Chairman of Zantel-Tanzania,
a joint venture between the
Government of the UAE and
the Government of Zanzibar.
Chairman of the Founding
Committee of Ras Al Khaimah
Petroleum Company

Al Qadi, also served as a
Board Member of Arab Satel-
lite Organization (ARABSAT)
for 12 years, and he was the
representative of the UAE in
the Arab League Permanent
Committee for Telecommuni-
cations in Cairo for 12 years
till 2005.

In 2012 Al Qadi was listed by
Forbes Middle East as one of
the most powerful CEO in the
Arab financial markets for the
last five years, and again he
was ranked as one of the 100
top GCC executives.

RAKBUSINESS | 13

INVEST

ALGHAD LICENSE... STARTING BUSINESS FROM HOME

“Alghad License” is one of the pioneering projects based businesses in Ras Al Khaimah, preserves the in-
launched by the Department of Economic Develop- tellectual property rights for entrepreneurs and finally
ment in Ras Al-Khaimah in 2007, in order to encour- supports entrepreneurs to improve business.
age citizens to engage in business, as it gives them the
opportunity to work from home through developing ADVANTAGES
low cost businesses to improve their income. In order to support and develop small businesses, sev-
“Alghad License” contributes to the economic develop- eral benefits and services have been offered to the hold-
ment, encourages home-based business owners to de- ers of this license. Benefits include organizing annual
velop their businesses and turn them into shops within exhibitions for entrepreneurs, providing educational
three years. with an obligation to move their business- courses and training services, overseeing projects and
es to shops after that period. It also supports ideas and working to meet the needs of the license holders and
initiatives, organizes the process of developing home- solving their issues, marketing of businesses through

14 | RAKBUSINESS

INVEST OPPORTUNITIES

Starting up a big project, SUPPORT AND FOLLOW-UP for the economic and technical devel-
A range of activities can opments witnessed in the past decade.
be practiced from home The Business Development Department These included the addition of a wide
is continuously working on the develop- range of activities which allow citizens
initiatives provided by the Department of ment of the “Alghad License” program. to work from home, embracing: consul-
Business Support and Development and This includes expanding the range of tancy, management, events organizing
providing them with free legal, financial, activities that can be carried out through activities: as well as real estate manage-
marketing and technical advice. this program by increasing the number ment, property valuation services, trans-
of licensees and the program benefits, as actions Clearance, typing and photocop-
REQUIREMENTS well as the incentives offered to national ying, school books upholstery and other
To obtain “Alghad License”, a number of entrepreneurs. intellectual or personal talents related
conditions must be fulfilled: For example: The “Green Way” initiative activities, which will be assessed by the
- Applicant must be a UAE citizen. is made to support and encourage busi- competent section in RAK DED Business
- Applicant must be 18 years of age or ness owners, and shops to invest, and Development Administration
older. participate on launching or projects. The The following enterprises are among the
- “Alghad License” must be the first busi- program offers all help for entrepreneurs prominent activities, under Al Ghad Li-
ness license for the applicant. to achieve progress and success. cense umbrella: Hams Al Reem Perfumes
- The house to be used for the business “Bring Us Together” initiative, is made to and, Tanaheed Hair Care Products, Karasi
must be located in Ras Al-Khaimah, and visit the license holders, with their con- Leather Products, Al Ghaweya Sweets and
the license holder must be the resident cent to follow up and support their pro- Fayonka Gifts Packing and distribution.
or the owner of the house. Up to two li- jects, render required assistance.
censes may be granted to each house. RAK Department of economic develop- RAK DED INITIATED FOR THE FIRST TIME
- Sponsorship of foreign employment is ment has 242 active licenses under the IN UAE AND RAS AL KHAIMA TO ADD EX-
not allowed. “Al Ghad License” initiative, which sheds EMPTION THE FEES OF ALGHAD LICENS-
- Business name shall not be a previously various food activities, such as snacks, ES FOR THE FAMILIES OF PRISONERS.
registered trade name. traditional dishes, sweets, beverages etc. THE INITIATIVE WAS LUNCHED TO BE
- Business nature shall be of the permis- There are other economic activities such ALIGNED WITH ZAYED HUMANITIES DAY
sible activities. It is prohibited to deal as selling of perfume and oud, gifts and AND UNDER THE INSTRUCTIONS OF HH
with substances that affect public health flowers, well as websites designing, pho- SHEIKH SAUD BIN SAQR AL QASIMI RUL-
and safety. tography, apparels, tailoring and oth- ER OF RAS AL KHAIMA.
ers. The Department added a series of
changes and improvements to “Al Ghad
License” initiative, to make it more apt

HOW TO OBTAIN “ALGHAD LICENSE”? ALGHAD LICENSE

After ensuring that the proposed busi- 242
ness meets the requirements above, the
licensees can submit their applications VALID LICENSES
for membership of “Alghad License”, ac-
companied by the following documents: 1000AED
- Copy of valid passport.
- Copy of valid UAE identification card. LICENSE FEES
- A copy of the house ownership or rental
lease, if the license holder does not own 200
a house, along with clearance letter from AED
the landlord. TRADE NAME RESER-
- Security approval of the required business. VATION.
- Public Health Department approval if
the business activity is releated to health 1000
or food items. AED
“Alghad License” supports a number of ANNUAL RENEWAL
health and economic activities for up
to three years; AED1000 license fees,
AED200 for both Arabic or English,
AED1000 for annual renewal. Female
citizens with social insurance and those
who are 50 years and older, are excluded
from these fees, as well as people of de-
termination.

RAKBUSINESS | 15

A FUTURE PERSPECTIVE THE REALITY AND ROLE OF SMART ELEC-
TRONIC SERVICES IN THE DEPARTMENT
RAK DED SMART ELECTRONIC SERVICES OF ECONOMIC DEVELOPMENT:
To upgrade performance to higher levels,
THE UNITED ARAB OF EMIRATES IS ONE OF THE LEADING COUNTRIES IN THE FIELD OF ADVANCED the department has set all capabilities, to
AND WELL DEVELOPED SERVICES, DUE TO ITS HIGH-TECH QUALITY INFRASTRUCTURE, ADVANCED develop its services, and convert them from
PREPAREDNESS AND CUTTING-EDGE FACILITIES IN THIS AREA. traditional to smart. A number of smart
THIS EVIDENCES THAT STATE IS CONFIDENTLY MOVING TOWARDS ACHIEVING ITS STRATEGIC services were launched over the past peri-
OBJECTIVES, AIMED AT ENSURING CUSTOMERS’ HAPPINESS. USING BEST TECHNOLOGIES AND AP- od. The most important, was the opening
PLICATIONS TO PROVIDE HIGHLY EFFICIENT, LESS PROCEDURE, LOW-EFFORT AND TIME SAVING of the “Customers Happiness Center” at
SERVICES, HELPED TO ENHANCE THE BUSINESS ENVIRONMENT AND IMPROVE THE QUALITY OF the headquarters of the main department,
LIFE IN THE COUNTRY. which came in line within the strategic
plans of the department, to achieve the
The Government of Ras Al Khaimah, is working The Electronic Government Authority (EGA), has highest customers satisfaction and happi-
steadily to achieve an integrated and compre- adopted the (SAP) global application, as a as a ness, provide a smart environment which
hensive strategy. The Electronic Government Au- platform, and a foundation for effecting institu- meets their aspirations and a spectrum of
thority of Ras Al Khaimah (EGA), was established tional development at the level of government smart electronic services which exceeds
to transform the community of Ras Al Khaimah departments, to facilitate the interconnection of their expectations.
into smart society, and to enable keeping abreast services in government departments. The EGA These supporting services include, the
of the technological advance which streams the also responds and attends to projects requests, new application for customer service que
world. It is also envisaged with translating govern- required by all government departments; and it tickets, provision of free smart phones re-
ment initiatives, into concrete projects, to make programs and coordinates, in accordance with its charging devices and free Wi-Fi. One hall
the ICT strategy a reality filled with innovation. obligations. has been set up to provide services to pre-
mium companies, as well as video screens
16 | RAKBUSINESS to display all DED smart electronic services
and customers and consumers notification
messages.
This step came as a result of the Depart-
ment’s continuous efforts to keep pace with

INVEST REPORT

17 26 the UAE Government strategy to create a smart links daily performance, to general career ob-
Minutes business environment, provide the best servic- jectives of each employee: and it links also the
Minutes es and raise happiness and satisfaction among strategic objectives of the Department to the
the community members. These developments strategic objectives of the emirate. This will
Rate of time for license registration have been translated into several positive in- minimize and reduce work procedures.
dicators, some of which include: reducing the
2016 00:26:17 Mins rate of time for licenses competition and signif- RISKS AND CHALLENGES:
2017 00:17:13 Mins icantly reducing the rate of time required for No doubt that the development of the different
licenses registration; as shown in the illustra- types of remotely managed smart electronic ser-
04:11:48 07:41:27 tions. vices, faces many challenges. Most importantly:
1. Securing financial allocations and human re-
Rate of time for license completion PROSPECTS OF ELECTRONIC SMART SERVIC- sources, which pose important challenges
ES IN THE DEPARTMENT OF ECONOMIC DE- 2. Coordination and integration between the
2016 07:41:27 hrs VELOPMENT various stakeholders, both federally and locally,
2017 04:11:48 hrs RAK DED, is currently developing and upgrad- in the light of the multiplicity of functions and
ing all services to reach customers directly in tasks in many of them.
their workplaces and domiciles. Aiming to 3. Facing the risks of hacking, cyber threats and
maintain to a paperless work environment, the cyber-penetration, which became a daily en-
department now provides nearly 20% of its ser- countered reality.
vices through modern technology. More than 4.The rapid technological change, is difficult to
53% of the transactions have been completed follow. Every day, most recent techniques are
by smart means in 2017. replaced and obsoleted by new ones.
• In this context, the Department of Economic 5. The lack of flexibility of the regulatory and
Development works in close cooperation with legislative frameworks, to keep abreast of tech-
EGA, to develop a unified electronic system in nological developments.
Ras Al Khaimah, for licenses and business per-
mits of all types (commercial, industrial, tour- RAISING AWARENESS OF SERVICES AND RE-
ism, professional, etc.). This will cater for all LATED RISKS
approvals required from other federal, Local, The issue of electronic security has become
government or semi government departments. important to all government and private insti-
• The new system includes the monitoring and tution, data and documents, disruption of elec-
inspection operations, and related violation tronic systems, and other risks have cost mil-
thereof. To facilitate operations, all licenses lions, in terms of impact and cost of investment
have been linked, and their geographical co- in information security technologies.
ordinates have been determined. The Interna- The nature of services provided by DED related
tional Standard Industrial Classification of All to commercial licenses, promted the protection
Economic Activities (ISIC) was adopted. These of such data. Therefore, the Department has
developments will facilitate the preparation of given great importance and attention to pro-
all statistical reports and encourage investment. viding all technical requirements, to protect its
• The new system will enable the Department website and electronic systems. It continuously
to link all authorities and entities related to the works to sensitize employees, to take all neces-
issuance of licenses. These entities will be em- sary measures to activate electronic security in
powered to authorize the Department to under- the Department.
take certain actions on their behalf, such as col- A series of continuous awareness sessions that
lection of fees and authentication of contracts. are usually organized by the Government of
The new system keeps pace with the govern- Ras Al Khaimah. Their importance and need
ment’s strategic vision, by transforming all ser- continue, as they are intended to inform all
vices of the departments into smart electronic concerned government employees of the latest
services. It is a dynamic and scalable system, available protection technologies, which are in-
which can accommodate any government enti- herently renewable, as a result of the changing
ty that wishes to manage and integrate its initial methods and techniques of electronic penetra-
approval procedures, or manage the licensing tion. We look forward to the continuation of
process itself. Thus, the system ensures elec- such programs at a more comprehensive and
tronic connectivity between all departments faster pace, given the pressing need for them.
and their systems. It facilitates the activation of Awareness raising programs take many forms.
the one-stop-shop service, to enhance the busi- They include specialized training programs,
ness environment in the Emirate, to improve providing technical support and assistance to
the doing business index ranking the interna- all employees, informing them of the adopted
tional reports. policies and formal procedures; both at the lev-
RAK DED, is working to launch (Bawabati), a el of the government of Ras Al Khaimah in gen-
special program for the Department staff. It eral and the DED level in particular.

RAKBUSINESS | 17

What is Julphar Pharmaceuticals?
Julphar was established in the UAE in
1980 under the guidance of His Highness
Sheikh Saqr Bin Mohammed Al Qasimi.
Julphar is one of the largest pharmaceu-
tical manufacturers in the Middle East
and Africa and for almost four decades,
we have been delivering high quality, in-
novative and affordable healthcare solu-
tions to families across the globe.

What is Julphar’s main objective?
Innovation, speed-to-market and cost-ef-
fectiveness are central to our business
objectives. Our mission is to provide a
better quality of life for the entire family,
by delivering best-in class solutions and
real value with compassion and profes-
sionalism.
We aim to achieve industry-leading
growth by investing in our business, de-
veloping our people and continuing to
deliver high quality products.

Jerome Carle: General Manager of Julphar What is Julphar’s share in the local and
global pharmaceutical market?
JEROME CARLE... We are the number one pharmaceutical
company in the UAE in terms of market
JULPHAR... A PROMINENT share and Julphar is among top 10 phar-
PLAYER IN GLOBAL PHARMA- maceutical company in the Middle East
CEUTICAL MARKETS as per 2017 IMS Healthcare data
JULPHAR
What does Julphar add to the pharmaceu-
By: Khawla Ibrahim 5000 tical industries in the region?
Julphar is one of the biggest manufac-
JULPHAR GULF PHARMACEUTICAL INDUSTRIES, ONE OF THE LARGEST EMPLOYEES turers and distribution companies in the
PHARMACEUTICAL MANUFACTURERS IN THE MIDDLE EAST AND AFRI- region and will continue to play a crucial
CA, HAS BEEN RANKED AS THE NUMBER ONE PHARMACEUTICAL COMPA- 1000000 role in supplying medicines in the re-
NY IN THE UAE BY IMS HEALTH FEBRUARY 2018 PANEL, JULPHAR, ALSO gion. It has 16 internationally accredited
HAS WON RECENTLY, THE PRESTIGIOUS ASSOCIATION OF STRATEGIC MEDICAL PRODUCTS facilities in Africa, the Middle East and
ALLIANCE PROFESSIONALS (ASAP) AWARD FOR 2018 ALONG WITH ITS Asia that produce more than a million
ALLIANCE PARTNER, MSD,THIS IS THE FIRST TIME A PHARMACEUTICAL 40000000 boxes of medicines a day including tab-
COMPANY FROM THE MIDDLE EAST AND AFRICA HAS WON THE AWARD lets, syrups, suspensions, creams and in-
.TO SHED LIGHT ON THE COMPANY, RAKBUSINESS MAGAZINE INTER- MEDICAL PRODUCTS jectables.
VIEWED GENERAL MANAGER OF JULPHAR JEROME CARLE: We employ more than 5,000 people and
distribute pharmaceutical products to
18 | RAKBUSINESS more than 50 countries across the globe.
We are vertically integrated and we have
expertise across the entire pharmaceuti-
cal value chain.

What are your products? How do you de-
velop products and add more effective?
We have a large and diverse range of
medicines targeting major therapeutic
segments.
Our medicines target major therapeutic
segments including Cardiology, GIT, Pul-
monary, Dermatology, Pain, Wound and
Scar, and Anti-infectives. Biotechnology

INVEST MADE IN RAK

JULPHAR DISTRIBUTES PHAR- new ideas, new ways of thinking and to ex- and developing?
MACEUTICAL PRODUCTS TO ploring all possibilities that we believe will Our focus is to increase our impact in the
MORE THAN 50 COUNTRIES help the business and provide long-term global pharmaceutical industry. And we
ACROSS THE GLOBE results. Our partnership with MSD, for ex- have done a lot on many fronts - on the com-
ample, has enabled us to better compete on mercial front, on the R&D front and in man-
is an area in which Julphar has made a signif- the world stage and it has given us a strong- ufacturing. We have just launched several
icant impact. er foundation for the investment in innova- new products in key therapeutic area such as
Our Biotechnology Unit is one of the larg- tion, facilities and skills that will support cardiovascular. Furthermore, our expansion
est facilities to produce insulin in the world our long-term growth. MSD is a global leader plans are on track, particularly in Saudi Ara-
and the only plant of its kind in the Middle and through our partnership, we are able to bia and Africa, where we are making inroads
East. We produce 40 million vials of insu- develop and manufacture best-in-class solu- in a number of key markets. We are building
lin per year and our products are available tions to help meet patients’ needs, enhance up a solid pipeline with the planned launch
in 34 countries. R&D is the lifeblood of the access to healthcare and make a difference to of 25 new products in the UAE this year alone
pharmaceutical industry and Julphar invests families in the region. and almost 200 new product registrations ex-
heavily in this area. Our R&D activities are led pected in the region.
by a team of 200 highly-qualified scientists How does Julphar promote the development Continued investment in our pipeline will
and experts. of the healthcare sector in the UAE? keep us on track to return to sustainable
As a UAE-based company, we believe we are at growth in line with our targets.
How do you keep pace with the global devel- an inflection point that will allow us to take
opment of the pharmaceutical industry? advantage of opportunities to innovate, grow ABOUT JULPHAR
There is increasing interest in Julphar and our pipeline and better serve consumers.
our products in an increasing number of key We have a rich heritage and our business is ESTABLISHED IN 1980 IN THE UNITED
markets across the globe. The GCC continues part of the fabric of the UAE. Earlier this year, ARAB EMIRATES UNDER THE GUIDANCE
to evolve and present increasingly interesting we signed an agreement with the UAE Minis- OF HIS HIGHNESS SHEIKH SAQR BIN MO-
opportunities as well as many challenges. We try of Health (MoH) to ensure the availability HAMMED AL QASIMI.
are seeing governments encouraging the lo- of critical medical supplies during crisis situ-
cal manufacture of pharmaceutical products ations. As one of the largest pharmaceutical HE LARGEST GENERIC PHARMACEUTICAL
across the region, which is why we are forg- manufacturers in the region, we have a duty MANUFACTURER IN THE MIDDLE EAST
ing strategic alliances and partnerships and to serve and lead by example and we are com- AND NORTH AFRICA AND DISTRIBUTES
expanding our manufacturing presence. The mitted to positively impacting our industry MEDICINES TO OVER 40 COUNTRIES
local manufacture of pharmaceutical prod- and the communities in which we operate.
ucts has been a key part of Julphar’s strategy. Crisis preparedness is a top priority for us JULPHAR OPERATE SIXTEEN INTERNA-
Last year, we opened a SAR 300 million state- and we take it very seriously. It is vital that TIONALLY CERTIFIED MANUFACTURING
of-the-art manufacturing facility in Saudi the people of the UAE have access to high FACILITIES GLOBALLY, PRODUCE OVER A
Arabia. quality healthcare products especially in cri- MILLION BOXES OF MEDICINES DAILY AND
We are also enhancing our operations in sis situations. HOLD 4,074 PRODUCT REGISTRATION
emerging markets and Africa is top of our CERTIFICATES.
list. What are your future plans for expanding
A number of factors help make Africa an at-
tractive area for the healthcare sector, chief
among them, demographics.
A growing population coupled with GDP
growth is fueling the demand for quality and
cost-effective healthcare solutions. Added to
this is the surge in the level of cardiovascular
diseases, as well as the growing prevalence of
diabetes, which makes the pharmaceutical
sector, in particular, vitally important.

How you collaborate with partners, to en-
hance quality of life and contribute to a
healthier future?
We partner with organizations that enhance
the work we do and enable us to broaden our
reach and scope and increase our impact in
the pharmaceutical industry. We are open to

RAKBUSINESS | 19

BUSINESS

Mergers and Acquisitions M&A, are one of the ways 1. MERGER:
by which companies expand their markets, activities In accordance with the provisions of the high courts,
and products, to increase their revenues and profits, the incorporation of an incorporeal person in another
through buying other companies in their business or incorporeal person, is a procedure intended to transfer
in a variety of other areas where they see the opportuni- the ownership of the merged person to the financial
ty for their growth and profitability. This article reviews security of the integrated person. This is determined
the definition of mergers and acquisitions, highlights according to the instrument in which the merger was
the difference between them, probes the legal provi- carried out, whether it is a contract or a text of the
sions regulating them in the Companies Law, focuses law. As a result, the merging enterprise will replace
on some legal provisions and sheds light on transpar- the merged entity, and the rights and obligations of
ency, disclosure and benefits thereof. the merged person, shall be transferred to the person
FIRST: THE DEFINITION OF MERGERS AND ACQUISI- merging therein, as the latter is a special successor to
TIONS AND THE DIFFERENCE BETWEEN THEM the first person, The merger is done either through

20 | RAKBUSINESS

BUSINESS DEVELOPMENT

Law, provided for the regulation of mergers where,

by virtue of a special resolution issued by the General

Assembly and the like, even the company is in liqui-

dation, it is allowed to merge into another company,

where the merged companies conclude a contract

among themselves, to organize the merger. The law

stipulates that the entity concerned with regulating

the merger of banks, is the Central Bank, which reg-

ulates the merger of companies licensed by it. The

Minister of Economy shall issue the resolution reg-

ulating the methods, conditions and merger proce-

dures for all companies, irrespective of their legal

entity, with the exception of public shareholding

companies, where the Board of Directors of the Se-

curities and Commodities Authority shall issue the

relevant resolution and specify the merger contract

and its conditions and method, which shall specify

in particular the following issues:

MERGERS AND 1) The Memorandum and Articles of Association of
ACQUISITIONS...
REAPING BENIFTS the merging company or the new company after the
OF LARGE-SCALE
merger.

2) The name and address of each member of the

board of directors, or the proposed director of the

merging company or the new company.

3) The method of transferring the shares or stocks of

the merged companies to the shares or stocks of the

merging company or shares in the merging company

or the new company. The members of the board of

directors, or the directors of each merging company,

or the directors of each merging and merged com-

pany shall submit the merger draft contract to the

annexation, by dissolving the company and trans- General Assembly or its representative for approval
ferring its funds to another existing company, or by
way incorporating, which is the dissolving of two or by a majority authorized to amend the Company’s
more existing companies and the establishment of
a new company, to which the rights and obligations Articles of Association. The invitation of the Gener-
of the dissolved companies are transferred. It can be
said that the merger is often between SMEs, which al Assembly for considering the merger requires the
is poses as a strategic choice for these companies
to move towards a clump and coalesce to create a following: (1) - It must be accompanied by a copy or
new giant entity with advanced technical capabili-
ties and capital, capable of utilizing the intensity of a summary of the merger contract. (2) - The contract
global competition, achieving the goals that cannot
be achieved by each individual company alone, or shall clearly state the right of any or more sharehold-
overcoming the existing or expected future prob-
lems which may face these companies. The merger ers holding at least (20%) of the company’s capital to
of companies together in a larger entity, is supposed
CONSULTANT IHAB AL-KONI to be the best way to achieve many positives goals. object to the merger by appealing to the competent
Articles 283 to 286 of the Federal Companies Law,
Judge and Legal Advisor, Department of stipulated the regulation of mergers, where they al- court within 30 days from the date of approval of the
Economic Development, Ras Al Khaimah lowed the company by virtue of a special resolution
issued by the General Assembly and the like, even if merger contract by the General Assembly or its rep-
it is in liquidation, to merge into another company.
The merger of companies together in a larger entity resentative.
is supposed to be the best way to achieve many pos-
itives. Articles 283 to 286 of the Federal Companies Finally, it should be noted that the merger, in ac-

cordance with Article 291, leads to the extinguish-

ment of the incorporeal personality of the merging

company or companies; and that the new company

shall replace it or them in all rights and obligations;

the merging company shall be the legal successor

of the merged company or companies. The compe-

tent authority shall mark the extinguishment of the

merged company and notify the Ministry or the Au-

thority accordingly, as the case may be, according to

the legal status of the company. If it is a public joint

stock company, the Authority or others and the Min-

istry shall be notified. TO BE CONTINUED...

RAKBUSINESS | 21

BUSINESS OPINION

TASAHEEL INITIATIVE... ing the World Bank ease of doing business rankings.
AN IMPORTANT This endeavor of adopting (Tasaheel 1) initiative, is a
STEP TOWARDS pivotal part of the Department’s keenness to cooperate
IMPROVING RAK with all concerned local and federal government enti-
BUSINESS ties in the country, to elevate its services to be one of the
ENVIRONMENT best in the world, through the realization of the concept
of the smart government. This requires the integration
Dr. Abdel Halim Moheisen and optimum utilization of government data to provide
distinct services to citizens and residents. The elec-
RAS AL KHAIMAH DEPARTMENT OF ECONOMIC DEVELOPMENT, HAS LAUNCHED tronic smart service, is set to enable establishing busi-
THE (TASAHEEL1) INITIATIVE, AS PART OF ITS ONGOING EFFORTS TO ENHANCE ness within 15 minutes for many economic activities,
THE BUSINESS ENVIRONMENT IN THE EMIRATE. THE GENERAL TRADE ACTIV- through the secured electronic activation of the services
ITY, IS THE ECONOMIC ACTIVITY ADOPTED BY THE WORLD BANK ANNUAL RE- of local and federal concerned entities.
PORT TO MEASURE THE EASE OF DOING BUSINESS IN ALL COUNTRIES OF THE The Department of Economic Development, is an im-
WORLD. THE INITIATIVE WAS IMPLEMENTED IN EARLY FEBRUARY THIS YEAR. portant pillar of the Emirate’s economy and its sustain-
able development. It organizes, supports and develops
DR. ABDULHALIM MOHEISEN The initiative aims to enhance the Emirate’s efforts for the business sector. The strategic objective of the De-
improving the business environment, strengthening partment, is to regulate and develop business activities,
Economic Adviser, Department of Eco- its competitiveness and achieving the strategic goals of through licensing of business activities, controlling and
nomic Development of Ras Al Khaimah the country. The adoption of the World Bank standards protecting commercial markets, issuance of economic
for the ease of doing business in the emirate is one of policies and legislations, supporting business enter-
22 | RAKBUSINESS the objectives to attain, which will therefore; raise the prises, attracting foreign investments and achieving
profile of the emirate in international competitiveness sustainable development and growth.
reports. The initiative came within the context of the The Department has witnessed great development in
implementation the of reform and improvement plans, the various aspects of its work, thanks to its sound eco-
based on the results of the 2016 World Bank report on nomic vision, which is open to the best practices and
the “ease of doing business”. It is meant to encourage international systems, drawing on the development of
investors to open new business activities, increase the technology and knowledge, with aim to utilizing new
number of licenses and eventually boost the emirate’s technology to achieve its mission, vision and goals. Ac-
business growth index. cordingly, the Department has endeavored to improve
Tasheel initiative has significantly reduced the cost of the quality and speed of licensing processes, in accord-
starting a business. The number of days and the num- ance with the established legal and institutional frame-
ber of procedures will be reduced from 8 procedures works, without burdening investors. The Department
and 8 working days in 2016, to only 2 procedures in 2018 will thus have a competitive advantage that matches
(Singapore 3 in 2017). According to the Department’s global best practices.
estimates, this will lead to an advanced position regard- One of the most important strategic initiatives imple-
mented by the Department of Economic Development
in this area, is working in cooperation with the Elec-
tronic Government Authority (EGA) in Ras Al Khaimah,
to develop a special electronic system for the issuance
of economic licenses (SAB). The new system will enable
the Department to link all entities involved in the is-
suance of licenses. This will make it easier for entities
to authorize the Department to perform certain proce-
dures on their behalf, such as contracts authentication,
and the registering of companies with the Ministry of
Economy. It is expected that this system will be com-
pleted and then officially launched at the beginning of
next year, after completing a trial period and the train-
ing of the staff.



1 THE DEVELOPMENT OF EXPORTS STRUCTURE:
The total value of commodity exports from the emirate (exports + re-exports) for the peri-
od 2013-2017 amounted to AED 5411.6 million in 2017. The increases and decreases dur-
ing this period, are mainly due to the change in the value of re-exports. The table below
shows that commodity exports hiked from AED 2880.3 million in 2013 to 3399.1 in 2017.

Table (1) Commodity Exports of Ras Al Khaimah (2013-2017)
(million AED)

Value of Commodity Exports 2013 2014 2015 2016 2017
Value of Re-export 2880.3 3461.4 3558.2 3777.0 3399.1
Total Value of Commodity Exports 4035.3 4257.3 2445.2 2794.1 2012.5
6915.6 7718.7 6003.4 6571.1 5411.6

Figure (1) Commodity Exports of Ras Al Khaimah (2013-2017)
(million AED)

8,000 7718.7

Development 6915.6 6571.1
Ras Al Khaimah
6003.4 5411.6
Foreign Trade
2013-2017 6,000

Prepared by: RAK center for statistics and studies 4,000

RAS AL KHAIMAH EMIRATE HAS A WIDE NET- 2,000
WORK OF TRADE RELATIONS, SPANNING MORE
THAN 125 COUNTRIES ACROSS FIVE CONTI- 0 2014 2015 2016 2017
NENTS. TRADE ACTIVITIES INCLUDE COMMOD- 2013
ITY EXPORTS, RE-EXPORTS AND IMPORTS. IN
TERMS OF DIRECT EXPORTS OF NON-OIL COM- 2 THE DEVELOPMENT OF IMPORTS STRUCTURE:
MODITY, RE-EXPORTS AND IMPORTS, ASIA Imports increased during the period 2013-2017 from AED 2701.3 million in 2013 to AED
RANKED FIRST, AS IT CAPTURED 95% OF THE 3516.8 million in 2017, with an annual growth rate of 7.5%. This led to raising the relative
EMIRATE’S TOTAL EXPORTS AND ABOUT 81% importance of imports in the emirate’s total foreign trade, from 28% in 2013 to 39% in 2017.
OF THE EMIRATE’S TOTAL RE-EXPORTS. AS FOR
IMPORTS, ASIA ALSO CAME IN THE FIRST PLACE, Figure (2) Value of Commodity imports to Ras Al Khaimah (2013-2017)
WITH A SHARE OF 37% OF THE TOTAL IMPORTS
TO THE EMIRATE, FOLLOWED BY EUROPE AND (million AED)
AFRICA IN TERMS OF RELATIVE IMPORTANCE.
THIS REPORT HIGHLIGHTS FOREIGN TRADE 4000 3528.6 3516.8
INDICATORS, AND THEIR IMPORTANCE IN THE 3000
EMIRATE’S ECONOMY, BASED ON DATA ISSUED 3032.5
BY THE CUSTOMS DEPARTMENT ON THE AREAS
CONCERNED, DETAILED BY VALUE, COUNTRY, 2701.3
AND CUSTOMS AIR, LAND AND SEA PORTS.
2144.2
24 | RAKBUSINESS
2000

1000 2014 2015 2016 2017
0
2013

BUSINESS STATISTICS STUDY

3 Trade partners of the Emirate of Ras Al FIGURE (3) : FOREIGN TRADE BY CONTINENT 2017
Khaimah 2017:
%80
The geographical distribution of RAK foreign trade,
reflects the emirate’s extensive commercial rela- %69
tions with the outside world, which extend over
5 continents and more than 125 countries. Asia %60
topped the list of partners by continent, accounting
for 70% of the total value of foreign trade in 2017. %40
Around 55% of RAK’s total foreign trade with Asia
was with Oman, China, India and Kuwait, while Af- %20 %9 %8 %4 %0.3
rica and Europe captured (9% and 8%, respectively), %0
as shown in figure (3). Aisa Africa Europe N&S America Oceania

In terms of partnership by country, the Sultanate of FIGURE (4) :TRADE OF RAS AL KHAIMAH EMIRATE 2017

Oman came on top, as the first strategic partner of %10
the emirate, with a total trade value of AED 1457.5 %16 %16
million, representing 16% of total foreign trade. It

accounted for 24% of the volume of trade with Asia.

China ranked second, with a total value of AED
914.2 million, representing 10% of the emirate’s %12

foreign trade.

%9

%8 %8
%4
4 FOREIGN TRADE BY CUSTOMS OUTLETS IN %0 %6 %6
THE EMIRATE OF 2017: %5
Saqr Port and Ras Al Dara, in the northern part of Oman %4 %4
the emirate, are the most important ports of Ras %3
Al Khaimah, as they cater for nearly two-thirds of
RAK emirate’s foreign trade. The other third is China India Kuwait Saudi Arabia Bahrain Japan USA South Africa Mozambique
handled by free zones ports, mainly, the Northern
and Southern Free Zones ports, RAK Maritime City Figure (5) RAK Foriegn Trade by custom outlet 2017
port and Al Ghail Free Zone. In terms of imports,
the ports of the Southern Free Zone, Saqr Port, Mar- %40 %37
itime City, and Ras Al Khaimah port, are the main %35
ports, through which 82% of the emirate’s total
imports of 2017 were handled. One-third of im- %30
ports came through the Southern Free Zone. As for
exports, 98% of the emirate’s exports were shipped %27
via Saqr, Ras Al Dara and Ras Al Khaimah ports.
About 69% of the emirate’s exports were exported %25
from Saqr Port. Regarding re-exports, about 87% of
which were re-exported through the ports of Ras Al
Dara, Saqr and Al Jazeera ports. The share of Ras Al
Dara port alone was 83%.

%20

5 TRADE BALANCE: %15
Foreign trade data showed a continuous surplus in %13
the trade balance of Ras Al Khaimah, during the pe- %11
riod 2013-2017, as a result of the high value of total
exports compared to imports. The surplus surged %10
significantly in 2013 and 2014; however, it amount-
ed to a minimum of AED 1895 million in 2017 and %5 %4 %2 %2
reached a peak of 5575 million in 2014. %0 %3 FTZ.N %1
%0.02
Saqr port Ras AlDara FTZ.S Maritime city RAK Port J.Alhamra
RAK Airport FZt. AlGhail Emirates Post

RAKBUSINESS | 25

DR. MYUNG-WHUN SUNG

NO NEED FOR
MEDICA TREATMENT ABROAD

SKSH PROVIDES A MODEL FOR HIGH QUALITY MEDICAL CARE

By: Khawla Ibrahim Dr. Myung-Whun Sung, CEO of the hospital

THE UNITED ARAB EMIRATES HAS STRENGTHENED ITS COMPREHENSIVE HEALTH PRO-
GRAMS, BUILDING ON THE IMPORTANCE OF THE HEALTH CARE SYSTEM AS ONE OF THE
PILLARS OF A COMPREHENSIVE AND SUSTAINABLE DEVELOPMENT PROCESS. THE STATE
HAS BEEN KEEN TO EXPAND THE ESTABLISHMENT OF ADVANCED MEDICAL HOSPITALS,
AND EQUIP THEM WITH THE LATEST ADVANCED DEVICES. SHEIKH KHALIFA SPECIALTY
HOSPITAL (SKSH) IN RAS AL KHAIMAH, IS THE FIRST SPECIALTY HOSPITAL IN THE RE-
GION TO TREAT TUMORS, CARDIOTHORACIC SURGERY AND NEUROLOGY. THE HOSPITAL
IS SUPERVISED BY A SELECTION OF THE MOST COMPETENT MEDICAL STAFF, BOTH IN-
TERNATIONAL AND LOCAL.

To shed more light on this hospital and its services, RAKBUSINESS Maga- SKSH NO. Regarding the quality of the achievements
zine, met Dr. Myung-Whun Sung, CEO of the hospital, who explained at the of the hospital, Dr. Sung said, “Since its
beginning the great role played by the hospital in providing the region with 155000 opening in February 2015, the hospital
a number of rare medical specialties. has received about 155,000 patients with
“The hospital was opened under the initiative of the President of the State, MEDICAL CASES various tumors, cardiovascular, neuro-
His Highness Sheikh Khalifa bin Zayed Al Nahyan, and is managed and op- RECEIVED logical and related diseases. The hospital
erated by the University Hospital of Seoul. It provides high-quality health- managed to treat about 1100 cases com-
care services in the Northern Emirates and the whole region, with state- 1100 ing from outside the country.
of-the-art technology, diagnostic and therapeutic medical equipment for The proportion of citizen patients
oncology, cardiothoracic surgery and neurosurgery. The hospital’s modern PATIENTS FROM reached 90%. So, the hospital has eased
equipment includes CT scans, magnetic resonance imaging devices, radio- ABROAD the burden of travel for them and their
isotope tomography devices, two linear accelerators, a modern medical lab, families, and provided them with unique
and other integrated health services to meet the needs of UAE nationals 3000 treatment services, by international
and residents.” Dr. Sung said explained. standards in a specialty local hospital. “
“The hospital adopts the latest international protocols for the diagnosis OPERATIONS Dr. Sung continued: “The hospital carried
and treatment of tumors of all kinds; these protocols support the integrat- CARRIED OUT out nearly 3,000 major and intermediate
ed treatment courses needed by the patient. It may include chemotherapy, operations, including oncology, open
radiotherapy, surgical procedures, periodic and necessary diagnostic pro- 8000AND MORE THAN heart surgery and neurosurgery, as well as
cedures to follow the progress of the patient’s health status. The efforts of more than 8,000 medical procedures, in-
the Sheikh Khalifa Specialty Hospital to change the concept of oncology MEDIAL PROCEDURES cluding laparoscopy, diagnostic and ther-
treatment, adopt the concept of “moderate treatment”, aimed at remov- apeutic catheterization, and outpatient
ing the mass of cancerous tumor, taking into account the preservation of 91A0N0D 0 clinics for more than 91,000 patients.
healthy tissue cells to the extent possible”. Some 64 patients have been referred to
“As part of its contribution to the “National Breast and Cervical Cancer Ear- OUTPATIENT the emergency department and about
ly Detection Program”, the hospital received about 5000 of mammogram 8,000 patients have been received in the
images readings from the National Early detection Centers affiliated to the internal departments. “
Ministry of Health and Community Protection. Hundreds of rigorous tests, On the role played by the hospital in
were also carried out by the hospital, where some cases were detected and promoting medical tourism in Ras Al
appropriate treatment was provided.” Dr. Sung said. Khaimah, Dr. Sung said: “In December

26 | RAKBUSINESS

BUSINESS ACTIVITIES

2016, the hospital launched the Health Promotion Center, to boost medical ABOPUT SKSH sector, highlights its keenness to care
tourism, which offers three packages with integrated services at competitive about the human being, as it is the
prices aimed at early detection of heart, tumors and chronic diseases. The SKSH has a 246 bed center of progress for any development
first package includes basic tests for chronic diseases, accurate laboratory capacity for the care process. Thanks to His Highness Sheikh
tests, endoscopy for early detection of tumors, heart, and vascular diseases. of inpatients, and a Khalifa bin Zayed Al Nahyan, President
The second package is the early screening kit for tumors; Additional spe- number of outpa- of the UAE, for his constructive initia-
cialized tests are performed through interventional radiology, laparoscopy, tient clinics open tives. We highly appreciate the support
CT scan, and MRI for early detection of tumors. The third package includes during the week. of His Highness Sheikh Mohammed
detective examination of heart disease through additional specialized tests bin Zayed Al Nahyan, Crown Prince of
of the heart and various blood vessels. The Health Promotion Center, en- SKSH opened seven Abu Dhabi and Deputy Supreme Com-
courages early detective testing of chronic and communicable diseases and general wards: three mander of the UAE Armed Forces. We
aims to increase the growth of the number of medical tourists, given the male wards, three deeply commend the tireless efforts
hospital’s high treatment services, comparable to the most important and female wards, and follow-up by His Highness Sheikh
the most modern treatment centers worldwide.” Dr. Sung added, one mixed ward, Mansour bin Zayed Al Nahyan, Deputy
Concerning the role of the hospital in the development of the health sector and a VIP ward. Prime Minister and Minister of Pres-
in the country, Dr. Sung said, “In accordance with the directives of the saga- idential Affairs, for the projects and
cious leadership, to make the hospital a scientific and research beacon for The Operating Thea- programs of the President’s initiatives,
doctors and researchers at the three medical centers of excellence, the hos- tre has 10 sophis- which contributed to the upgrading of
pital has held a number of medical conferences, lectures and specialized ticatedly designed, development projects and medical ser-
workshops, in the presence of many doctors and technicians from inside spacious operating vices provided to match the highest in-
the hospital, and from government and private hospitals in the UAE. These rooms as well as a ternational standards. Thanks are also
events are particularly important, because they are organized by a group of 49 beds postoper- extended to the Medical Office, headed
doctors who have received medical education, practical training and gained ative recovery unit. by HE Hassan Ahmed Al Alkim Al Zaabi,
extensive experience in the most prominent educational institutions. This Undersecretary and Director of the Med-
adds to the great potential of the hospital, which enables it to offer compre- The emergency ical Office of the Ministry of Presidential
hensive programs for all areas of specialized health care.” department provides Affairs, who oversees and supervises the
At the end of the dialogue, Dr. Myung-Whun Sung, CEO of SHSH, paid efficient, prompt and hospital; for his great role in making a
tribute to the great leadership of the health care system, saying: “The systemic care for the qualitative leap in the specialized health
leadership’s interest in the UAE in supporting and developing the health cerebrovascular and services.
heart diseases.
RAKBUSINESS | 27

THE SECURITY CHECK AND LEGAL LIABILITY

THE UAE LAW HAS GIVEN HIGH PRIORITY TO PROTECTING BUSINESSES, AND HAS PROVIDED COM-
MERCIAL AND FINANCIAL TRANSACTIONS WITH A LOT OF LEGAL COVERAGE, WHICH CONTRIBUTES
TO THE SOUNDNESS OF BUSINESS PRACTICES. THIS INCLUDES THE UAE LEGISLATOR’S PROTECTION
OF THE MOST IMPORTANT COMMERCIAL PAPER, AND THE MOST TRADED PAPER IN THE COMMER-
CIAL MARKETS, TO EXCHANGE MONEY AND ENSURE ITS MOVEMENT IN THE HANDS OF TRADERS,
NAMELY THE “CHECK”.

This article is provided by The most common mistakes related to checks, The criminal intent in this crime, extends to
“Ibrahim Al Hosani Advocate Legal come from the so-called “security check”, the person who endorses the check (the en-
which is given as collateral for business trans- dorsement is the signature on the back of the
Services & Training” action. However; the Penal Code does not check in favor of a third person), because the
065565566 recognize this, and considers the giving of a endorsement of the check transfers the owner-
check which is returned by the bank, dishon- ship of the check to the endorsee. This makes
ored and unpaid, as a crime punishable by law the relationship not limited to the drawer and
in accordance with Article 401 of the UAE Pe- the beneficiary to whom the check was issued,
nal Code which states: “Shall be sentenced to but extends to the endorsee, who becomes the
detention or to a fine, whoever draws in bad owner of the value of the check immediately af-
faith a check without sufficient funds or who, ter the endorsement. This would entail crim-
after…” inalization and punishment of the endorser
In applying this provision, the law makes too, if he is aware that there is insufficient
no distinction as to whether this check has withdrawable credit.
been issued by way of security or otherwise. This crime of (giving a check in bad faith), is
All checks in respect of the law, are an instru- realized once the check is signed, even if the
ment of fulfillment, not for security, due for drawer did not fill the check data. Giving a
payment and takes the place money is in ful- blank check, is tantamount to authorize the
fillment of transactions. As long as the check beneficiary to fill in the check data. Thus, the
meets the requirements, which give it its legal filling of the check by the beneficiary is not
form as a tool of fulfillment, according to the considered fraudulent as many people think.
law, the drawer cannot change the nature of The mere presence of the check in the hands
this paper, or privileges that are granted to it of the beneficiary, is an indication that the
by the law. No offense of (issuing a check with- beneficiary is entitled to its value, and that
out a balance), due to the release of the check the value of the check has not been met.
or the purpose of its release. The criminal in- Those who claim otherwise must prove their
tent in this crime, is realized when the drawer claim. This may be proved by a clear written
knows that there is no coverage of funds on evidence, indicating that the check has been
the date of drawing. paid or settled.

2١ ١1 ١ 1 - Cheque must include one date
only.
28 | RAKBUSINESS 3 - Cheque can’t be presented before
١4 the issued date

١ 2 If the cheque has no name men-
tioned it considered CASH

١ 3 The Amount must be written by
letters and Numbers together, in the
case in deference the amount which
has been written in numbers will be
taken into consideration.

١ 4 The signature must be identical
to the signature has been approved
in the Bank.

BUSINESS LEGAL CONSULTANCY

ONE DAY COURT CONSULTANCY

Established by Ras Al Khaimah Courts implementing to the rule QUESTION:
No. 38/2016 Ruled by H.H. Sheikh Mohammed Bin Saud Al Qasimi I am wholesale trader, who sells goods
to retailers. For the most part, sales to re-
Specialized in Civil and Commercial which doesn’t exceed 500 tailers would be on credit. I.e. by deferred
Thousand Dirhams payment.
Can you advise me on how to legally se-
LAWSUIT PROCEDURES cure my rights?
What is the mechanism of dealing with
1١ Register the lawsuit online directly the buyer when concluding the deal?
in front of the court to be attended Thanks in advance for your help!
in the same day.
ANSWER:
2 Starting the procedures online in First, you should have full knowledge of
front of the court. the buyer’s basic data, such as his (ad-
dress, phone numbers, emails, and the
3 The judge issues the judgment in the name and designation of the person au-
lawsuit in the same registration day thorized to sign, if you are dealing with
a company). This information can be ob-
after hearing the parties defense. tained from the commercial license, or
from the Department of Economic Devel-
The Judgment of this Court is Final opment. You should also get the follow-
ing documents well maintained:
4 and powered as the law in the 1. Purchase request issued by the buyer,
lawsuit which doesn’t exceed (20 indicating the description and details of
the goods to be purchased.
Thousand Dirhams). 2. The price quotation issued by the sell-
er, indicating the price for each item and
The judge specialized when issuing method of payment.
3. The purchase order issued by the buyer.
5 the judgment who will bear the fees 4. The delivery order for the goods sold by
of the lawsuit and execution and the seller; signed by the buyer for receiv-
ing the goods in good condition.
who is exempted. 5. An invoice including the details of the
goods sold, their value and the meth-
od of payment. Expect from buyer and
marked with buyer’s stamp. By doing so,
your transaction will be legally protected.
If the buyer fails to pay on time, you can
then take legal action.

RAKBUSINESS | 29

ENTREPRENEURS

His decency, civility, wide knowledge, education, cul- name today is known in the world of law and legal
ture, commitment, responsibility and professional consulting
ethics all qualified him to carry the onus of the most Al Hosani, as a lawyer today is well known in the world
ancient profession in history; as dedicated lawyer. For of law and legal advice. He spares no effort or time to
him, duty is a motive to promote virtues and values, promote society and spread legal awareness, because
and the profession is a means to spread knowledge. of its impact on achieving safety, prosperity and hap-
Ibrahim Al Hosani, the young Emirati lawyer, who, piness, through the commitment of each individual
with his hard-line intellect, managed to transform to his duties and knowledge of his rights.
the legal profession from a mere profession for earn- RAKBUSINESS Magazine interviewed Ibrahim Al Ho-
ing money into a platform for spreading knowledge sani, who highlighted his pioneering experience in
and values of justice, integrity and the rule of law. His law and legal services.

30 | RAKBUSINESS

ENTREPRENEURS INSPIRATIONAL EXPERIENCES

IBRAHIM AL HOSANI...

A SPECIAL MODEL IN LEGAL ARENA

By: Youssef Al Nuaimi

The Magazine had the following dialogue: We are now on the right track, and we are constantly striv-

First let’s get to know you. What prompted you to study law? ing to be a milestone in the world of legal consultancy, one

I was born in a family that loves education, and is open of our services. We also aspire to be a reliable legal refer-

to culture and knowledge. This has a great impact on the ence, in all our services. We have already expanded our

formation of my cognitive personality. I started looking for business, and today we have offices in Sharjah and Ras Al

the field of study that reflects my ambitions and achieves Khaimah, and we render our serve in all emirates.

my goals. Several options looming around, but my passion Concerning the second part of the question, we see com-

for studying law eventually prevailed. Taking that decision petition as an opportunity, not a challenge; and we deal

was a conscious and correct choice. The stage of adventure positively with competitors. In line with our principles and

began, and I had to work norms, we aim at making

hard to achieve excellence our competitors targeted

and success, so that I could LEGAL ADVOCACY IS NOT ONLY groups for our services. We
become someone able to A MONEY EARNING PROFESSION, can achieve this through
create an impact in socie- the multi-service system
BUT A PLATFORM FOR SPREADING
ty. In fact work in the legal KNOWLEDGE, VALUES OF JUSTICE, that we provide; and ex-
sphere is the only work that INTEGRITY AND THE RULE OF LAW panding our services be-
interacts with all aspects of yond the work of lawyers,
life. and legal advice.

What are the main services

provided by your legal firm? You have entered the field of

From the very first moment, I started looking for excel- training. Tell us about this move!

lence. Through hard work and dedication, we have reached What did this step add to your firm?

to the stage where we became a model of private innovative How does this field intersect or integrate with the basic ser-

and multifaceted legal services. vices of the consulting and law firm?

Our services Include legal services, consultancy, training, Planning for a global move towards excellence in perfor-

business services and legal translation. We recently launched mance and services, prompted that legal training should

debt collection services, and we plan to do more soon. come on top of the list of targeted activities. In a very short

period of time, we have been able to provide legal training,

Where do you stand today in the field of legal advice and law? at a level that is most appropriate for this activity; and a

How do you compete? mechanism that meets the criteria of innovation, sus-

RAKBUSINESS | 31

tainability and quality. We have provided legal training and activities, we invite you to visit our website at www.
commensurate with technological development; and in ilaw.ae
less than a year we have organized two legal conferences, Ignorance does not absolve you of the responsibility of not
which were a model of training and raising legal aware- complying with law, and does not keep you away from pun-
ness. The first conference was organized at the level of the ishment.
Arab States, and was held in the Arab Republic of Egypt; What is the importance of legal education in society?
the second was at the Gulf level, and was held in the Emir- How do you raise, from your position, the legal awareness of
ate of Sharjah under the name of (Developing Professional people, about law, rights and duties?
and Academic Performance in Legal Work). Legal awareness is most important at the individual and
We also provided a range of training programs, in which institutional levels of awareness. Awareness and legal
we proved that legal training is not limited to lawyers, knowledge are the protective shield against risks, and the
judges or prosecutors. Training is a broad field, and can spearhead in goal achievement. We at “Ibrahim Al Hosani
include all types of administrative, financial, institutional Advocate, Legal Consultants & Training Centre LLC”, are
and other training. We are now setting the stage, and pre- working diligently, to achieve our mission to raise aware-
paring for offering unique training programs and confer- ness, spread legal culture and to reduce the legal knowl-
ences, during the second half of this year. edge gap at the level of individuals, and government and
private institutions. This is done by launching visual in-
In the Year of Giving 2017, you launched the “iLAW Care In- itiatives in social networking sites, such as “Deer Balak”
itiative”! Initiative.
Is this initiative still in place? How do you establish and en-
trench the initiative? Through the initiative, nearly 100 recorded videos, all
Based on the social responsibility that we commit to in our of which are devoted to legal education, were published
business, the iLOW Care initiative is still active and serves in the areas most in need. We have provided a range of
all those who want to take advantage of the opportunities free legal courses and programs, to raise the level of legal
it offers. First, we are working on establishing and sustain- knowledge and culture at the individual level, such as the
ing the initiative. “Family Legal Counsel” program, which aims at qualifying
Second, we develop the services provided by iLAW Care, one individual in each family to be able to address family
based on the feedback and evaluation of beneficiaries. For problems before being brought to court. We have also in-
more information about iLAW Care and other initiatives troduced programs targeting government and private en-

32 | RAKBUSINESS

ENTREPRENEURS INSPIRATIONAL EXPERIENCES

tities, such as the training program (man- SUCCESS TIPS about the idea, and to start with full force to implement it; but the
aging the legal gap in quality training). most important thing, is to consolidate and strengthen this idea, and
We constantly work to plan activities, to It is very important implement it, so as not to become a burden.
ensure that we continue to have a positive to be enthusiastic - Profit is the main goal, so it is necessary to get rid of all the causes
impact on the level of awareness and legal about the idea, and to of erosion of profit, and work hard to achieve profits.
culture. start with full force to - Never stop learning! gain more knowledge, and exchange knowl-
implement it; but the edge.
You are known for your passion for knowl- most important thing, - When you are strong, you will be with those who are strong.
edge and for transmitting it to others. Tell is to consolidate and
us about that, and how did this contribute strengthen this idea, Finally, what are your aspirations for the future?
to your success? and implement it, so Describing and summarizing future aspirations in specific words
In 2016, I decided to publicly challenge as not to become a and ideas, is not appropriate for realizing future dreams. However;
myself by reading 100 books. However, I burden.. some of what I am looking forward to, is that I and my firm represent
managed to read 98 books. Most impor- the United Arab Emirates in international legal forums. I also look
tant in this experience, I was in harmony Profit is the main goal, forward to seeing a more flexible, productive and sound law educa-
with myself. I know I was eagerly seeking so it is necessary tional system, to graduate qualified legal professionals.
knowledge since childhood. Knowledge is to get rid of all the
what really distinguishes people. causes of erosion of RAKBUSINESS | 33
The lesson we learnt from the story of profit, and work hard
Prophet Adam (peace be on him); to achieve profits.
(And He taught Adam all the names of all
things). Never stop learning!
Allah (SWT) blessed Adam with Ilm gain more knowl-
(knowledge), which is the most important edge, and exchange
privilege. Passion for knowledge remains knowledge.
limited, if we do not disseminate knowl-
edge or convey it to others. In fact, this
trend has contributed greatly to my suc-
cess today, as I have an audience of loyal
followers.

Is it necessary for each businessman to
have a legal advisor? What is the impor-
tance of that? When is it necessary for the
businessman to seek the help of a legal ad-
viser “lawyer”?
It is necessary for the business owner to
protect his business, by relying on a legal
adviser, noting that this advisor may be
the same owner, if he can educate him-
self, and gain adequate legal knowledge to
protect his economic activities. As the Ar-
abic proverb says, “an ounce of prevention
is better than a pound of cure”. The legal
adviser may prevent the business owner
from falling into any future problems, the
cost of which may exceed the cost of the
legal consultation. However, the presence
of a legal adviser whenever a problem oc-
curs, contributes to solving it with mini-
mal time, financial costs and least social
and economic impacts.

What advice do you give to young people en-
tering the business and investment world?
I will confine the tips to the following spe-
cific points:
- It is very important to be enthusiastic

WHEN IS IT DIFFICULT TO CONCEN-
TRATE?

HOW TO CONTROL There are many barriers that prevent you from
YOUR THOUGHTS achieving optimal focus, including the follow-
AND MINDSET? ing:

By: Youssef Al Nuaimi • Distortion: Noise is one of the biggest impedi-
ments to the concentration process, so try your
Every one of us has the ability to control best to distance yourself from all causes of dis-
the motion of their limbs in the way they persion.
want, such as moving their arms or guid- • Lack of motivation: Focusing and attention
ing the motion of their feet in a certain work together; thus when attention is lost, fo-
way. However, most of us may not have cusing fades away, so the lack of a strong mo-
this ability when it comes to controlling tive for work weakens concentration. Thus it is
the motion of the brain –so to speak. For better to try to create motivation and promote
instance, when an individual is thinking attention to reach the peak of attentiveness.
about a certain situation or a problem, his • Poor training and practice: As mentioned
thinking often gets distracted by thoughts above, concentration is a skill that requires
lingering in the back of his mind. Thus, continuous training.
people find themselves totally deviated • Poor prioritization of work: Many people
from the thought they started with, and have a lot of work to do, and thus they try to
having difficulty getting back in control of multitask instead of prioritizing work.
their thoughts, due to poor concentration • Giving up to frustration: An old wisdom says
skills. This may impact their daily life as that people are two types, the first type learns
well as their academic progress and pro- to deal with anxiety and frustration in life, and
fessional career in a negative way. So how the second wishes that they could.
can we develop our concentration skills • Stalling: Many people tend to postpone things
in order to be successful? What obstacles that do not appeal to them, without consider-
may impede an optimal level of concentra- ing the consequences of this delay.
tion? also, how can we improve and pro- • Poor planning: The absence of a specific ac-
mote our concentration skills? tion plan or strategy contributes significantly
to the weakness of concentration.
• Confusion of priorities: Time and effort
wshould be invested in high value activities, so,
priorities should be set accordingly.
• Stress and anxiety: Stress and illness affect
the concentration process significantly, as con-
centration is a directed mental energy.

34 | RAKBUSINESS

ENTREPRENEURS SKILLS AND TALENTS

HOW TO IMPROVE CONCEN- EXERCISE: I’M GOOD AT CON-
TRATION? CENTRATING
Concentration is the starting point As mentioned previously, concen-
for success. When we have high con- tration is a skill that cannot be mas-
centration skills, we can invest our tered by anyone; you have to practice
time accurately, accomplish a great certain daily exercises for two to
deal of work, deliver the best activi- three weeks. This is the time needed
ties and achieve the desired success. to leave an old habit or gain a new
Here are a few steps to improve the one; thus you can develop your con-
ability to focus on work: centration skills and control your
thoughts. Remember that you should
• Write down your to-do list. not expect immediate results, be-
• Highlight your high value activities. cause there is no magic solution that
• Write down your most important gives you the level that you hope to
commitments in a list. achieve. Skills development requires
• Make a list of seven tasks and rank time, effort and commitment. The fol-
them by priority. Start with the top lowing exercise helps you to develop
priority task until you finish it, then your skill and control your mind and
start with the next one and so on until thinking:
all tasks are done.
• Keep your desk always organized • When you finish your work, go
and make important documents home, sit in a quiet room, and make
readily available at your fingertips. sure you turn off your TV and mobile
• Sort papers according to their im- phone. Sit on a chair so that the back-
portance. rest is in a straight position.
• Get rid of the papers that are use- • Close your eyes, and try to repeat
less. the following phrase loudly: “I am
• Keep papers of undetermined need good at concentrating” for five min-
in separate labeled folders. utes, focusing on the word “good”,
• Focus on getting jobs done, and then set the alarm clock to ring every
motivate your subordinates. Reduce five minutes. This will have a positive
visits to your office, and set specif- effect on developing your concentra-
ic hours for reviewing tasks at the tion skills.
beginning of the day, preferably be- • Distractions may occur during the
tween 9:00 and 11:00 am, or in the previous exercise, so try to overcome
afternoon between 2:00 and 4:00 pm. any interrupting thoughts until you
• Use desk phone and mobile during are able to control your thinking, you
working hours for business only. will be able to stop thinking about
• Stay away from low-value tasks, what you do not want. This is your
which are usually time-consuming biggest challenge.
and have no return. • Do not distract yourself with dif-
ferent interrupting thoughts. Try to
disregard any distractions and focus
on your original phrase: “I am good at
concentrating”.
• After repeating this exercise for
several weeks, try to apply it at work
and replace the previous phrase with
a task that you have to do.

RAKBUSINESS | 35

PREVENTING WORKPLACE STRESS MAKES GOOD
BUSINESS SENSE

STRESS IS A RECOGNIZED ENDEMIC FOR PEOPLE ACROSS THE WORLD, BUT IT HAS NOW BECOME AN
OVERWHELMING CHALLENGE FACING THE WORKFORCE AND IS HAVING A CRIPPLING EFFECT ON
HEALTH AND PRODUCTIVITY. AS AWARENESS INCREASES AMONGST EMPLOYERS IN THE MIDDLE EAST,
ANDRÉS OPPENHEIM, THE GENERAL MANAGER FOR A LUXURY SWISS CLINIC, NESCENS CLINIQUE DE
GENOLIER, BELIEVES THERE IS A MARKET TO INTRODUCE IN-DEPTH PREVENTIVE HEALTH CHECKS AS
A WAY TO COMBAT STRESS AND BURNOUT.

TACKLING ANXIETY AT WORK “The corporate check-ups that we offer at the in the region is susceptible. Speaking specifical-
BENEFITS EMPLOYEE HEALTH AND Nescens Clinique De Genolier see international ly about the UAE, around 90% of employees are
INCREASES THEIR PRODUCTIVITY organisations sending their top executives to get made up of expatriates and, with the added stress
cleared for a full bill of health,” said Oppenheim. of being away from friends and family, can signif-
36 | RAKBUSINESS “The investment that these organisations are icantly attribute to anxiety.”
making for employees in executive positions is With comprehensive packages targeting the GCC
good business sense to have them go through and the UAE specifically, the clinic uses the re-
a series of health checks over the course two or sults to provide medical insights, pin-pointing
three days, and come back relaxed, de-stressed any future risks to the clients’ health.
and motivated knowing they are in the clear.” Added Oppenheim, “Health is priceless, and
Citing Willis Towers Watson’s ‘Staying@work’ prevention is always better than cure. Avoiding
survey for workers in the GCC, Dr Martin Zarate a stress-related illness, for example a burnout,
Lagunes, a specialist in general internal med- is economically much more advantageous than
icine, geriatrics and gerontology for the clinic treating it when the disease is already there.
says the fact that high-stressed workers take “We see it as an investment for the future. This
more time off work and have a higher amount of ensures a healthy relationship with their employ-
unproductive day sets a worrying precedent for ees and will safeguard the productivity of their
employee health. workforce.”
“The impact stress has on one’s health can be Nescens Clinique De Genolier is a luxury Swiss
far-reaching and detrimental, and can often mani- clinic exclusively dedicated to preventive med-
fest in a variety of ways. These symptoms of stress, icine and anti-aging programmes offering be-
whether it’s sleep deprivation, high blood pres- spoke checkups for a host of international cli-
sure, or headaches, are compounding and can lead ents. The clinic employs experts with over 20
to fatal attacks such as a stroke or heart failure.” years’ experience in the field with a wide access
“Even when we talk about levels of anxiety, we to peers, colleagues and professionals through
can see that a large percentage of the workforce the Swiss Medical Network.

1 BOOKS READ BY SUCCESSFUL PEOPLE ENTREPRENEURS SKILLS AND TALENTS

2 Reading is a prominent habit in the daily life of most of the world’s great- 4 APPS. FOR BEST BUSINESS
3 est entrepreneurs; it takes a significant part of their interests, since read-
4 ing is a source of inspiration and brainstorming. Here are five of the most MANAGEMENT
5 valuable books to read selected by Bill Gates, Jeff Bezos and other inspir-
ing businessmen: With the great technical progress,
Small-to-Medium Enterprise (SME) manage-
“MADE IN AMERICA” BY SAM WALTON ment is becoming easier and often cheaper.
The book “Made in America’ “draws a road map for everyone who is in- Hence you have a range of applications that
terested and willing to enter the retail business and trade world; it pre- facilitate the management of your business.
sents the successful story of Sam Walton, the founder of Wal-Mart –one Apple World website offers the best business
of the world’s largest retail stores. The book demonstrates Walton’s own management applications on iOS:
struggle in an exciting and interesting way. Walton says: “I have always
been driven to buck the system, to innovate, to take things beyond where SQUARE APPOINTMENT.. an appointment-sched-
they’ve been… I was never in anything for the short haul; I always wanted uling software that allows your clients to set
to build as fine a retailing organization as I could”. Thus, Walton shares their own appointments online at any time,
his ideas and secrets openly and tells how he was confident about achiev- where you will receive a text message alert and
ing his goals. your clients will receive an email reminder.
Moreover, the application allows you to accept
“PRESIDENT DIARIES” BY ALAN GREENBERG payments and send receipts, also the appli-
The book presents a unique philosophy for business administration. cation allows you to request prepayments for
Greenberg, who has held prestigious positions in a number of major glob- scheduled appointments online, and view
al companies, lists a range of ideas that are most inspiring, instructive your staff work schedule.
and guiding. The book also provides an overview of the most motiva-
tional ideas and decision-making techniques in business administration WHEN I WORK STAFF SCHEDULING... an easy way
at a high level of manners, and inspires people’s motivation to reach the to view your work schedule from anywhere
desired success. at any time. You can also create, update and
publish shifts, with email messages and alerts,
“CREATED TO CONTINUE... SUCCESSFUL HABITS OF COMPANIES monitor shifts, and review leave requests. This
WITH VISIONS” BY JIM COLLINS & GERRY BORAS application enables employees to view their
What distinguishes General Electric, 3M, Merck, Wal-Mart, Hewlett-Pack- work schedule, clock in and out of shifts, trade
ard, Walt Disney and Philip Morris from their competitors? How did shifts with coworkers and request time off.
Procter & Gamble lead its rival Colgate and become the first company
in its field? How did Motorola move from being a small battery repair INVENTORY NOW... This application helps you
company to a giant integrated circuit technology and mobile phone, while track your inventory easily with an overview
Zenith remained in the television manufacturing? – in addition to many screen that provides many options such as
other questions and answers by Jim Collins and Gerry Boras in their book, sorting, filtering and searching with ease. You
which presents the conclusion of their marketing and business research can also use unit pricing, barcodes scanning,
for eighteen exceptional and well-established companies in a smooth and import and export data, product pictures, and
interesting way. The book offers a sophisticated work program to estab- other unique features
lish companies that prosper in the long term.
QUICKBOOKS ACCOUNTING... OThis application
“HOW ASIA WORKS?” BY JOE STUDWELL helps you manage your business expenses ef-
In his book, Studwell presents a two-decade research summery as a ficiently. You can also send and track invoices,
reporter in Asia and gives a comprehensive vision to those who are in- view expenses, manage sales, review financial
terested in the development of the dynamic countries of Asia. The book bank statements and other related matters.
performs an extensive research of the economies of nine Asian countries
– known as “the Asian Dragons” namely, Japan, South Korea, Taiwan, In- RAKBUSINESS | 37
donesia, Malaysia, Thailand, Philippines, Vietnam and China, in a fashion
that eliminates the Western misconceptions, and shows what really hap-
pened in Asia and why. It also explains the reasons that some countries
progressed while others did not.

“ZERO TO ONE... NOTES ON STARTUPS AND HOW TO BUILD THE
FUTURE” BY PETER THIEL
Thiel, who is the founder of PayPal and the first foreign investor in Face-
book, confirms through his book that there is no limit for innovations. He
differentiates between intellectual people who have inspiring ideas for
this world and venture capitalists, and sets out the difference between
the indefinite intellectuals, who value the classic ideas such as competi-
tion, and thinkers who will build the new monopolies. He also introduc-
es a new technique for innovation which begins by learning how to ask
questions that lead us to find value in unexpected places.

TECHNOLOGY

UAE’S INTERNET OF THINGS MARKET TO TOP USD35 BILLION BY 2019

EOH International and wasl Asset Management Group 2021 to save AED 11 billion in costs.
are leading UAE digital innovation with real-time vis- “The UAE is entering 2018 as the tipping point year for
itor experiences, Internet of Things-connected fleets, the Internet of Things, artificial intelligence, machine
and blockchain-backed leases, industry experts an- learning, and blockchain to go from theory to reality,”
nounced today. said Sameer Areff, Chief Operating Officer, SAP Middle
Showing the strong opportunities for digital innova- East South.
tion, the UAE’s Internet of Things market is set to grow During the recent Innovation Summit Dubai, Iman Al
at a CAGR of 28 percent to USD 35 billion by 2019, ac- Omrani, Vice President of Applied Intelligence at Expo
cording to MicroMarket Monitor. The UAE government 2020 Dubai, highlighted how data-driven insights ap-
also recently launched the UAE Blockchain Strategy plied through intelligent technologies will ensure an

38 | RAKBUSINESS

SAP OPTIMIZES VISITOR EXPE- TECHNOLOGY STUDIES
RIENCES, WASTE MANAGEMENT
WITH INTERNET OF THINGS, MORE THAN 500 MILLION INSTAGRAM USERS SHARE AN AVERAGE OF 95 MILLION PHOTOS
AND PAPERLESS END-OF-LEASE AND VIDEOS PER DAY
PROCESSES WITH BLOCKCHAIN
With more than 500 million users sharing an average of 95 million photos and videos
exceptional experience for its anticipated per day, travel plans are continuously being made, shared and made again on Instagram.
millions of visitors. Today’s frequent travelers browse Instagram 28 days out of every month, searching for
SAP Innovation Awards, which celebrate new ideas and new holiday destinations.
SAP platform technology success, recog- Terry Kane, Head of Auto, Finance, Government, Telco and Travel – MENA, Facebook
nized EOH International and wasl Asset and Instagram, said: “Today, more and more travellers begin their journey on Instagram,
Management Group. Their innovative looking for inspiration for their next adventure, next destination to visit or next restau-
solutions, which run on the SAP Leonar- rant to dine in. Viewing pictures, videos or stories on Instagram gives users a sense of
do digital innovation system, were devel- wanting to be there and wanting to experience what they are viewing.
oped with the SAP Co-Innovation Lab in “With so many people sharing their experiences on Instagram, it is easier now than ever to
the UAE. research trips before you depart to find new ideas and new destinations to explore that are
EOH International won as a Next-Gen off the beaten track, allowing you to create your own individual journey and experience.”
Innovator for Europe, Middle East, and
Africa for its EnerClever Smart Waste EFFECTIVELY REGULATING SLEEP DURING RAMADAN
Management solution. The end-to-end
Internet of Things solution helps any city Research has found that 90% of individuals in the UAE are sleep deprived, with only
to effectively plan and execute real-time 46.42% sleeping for seven hours per night. Studies have also found that one in four people
waste management with mobile appli- residing in the UAE suffer from some form or symptom of sleep disorders.
cations and administrator dashboards Medcare doctor, Dr. Hady Jerdak, Internal Medicine, Pulmonary Diseases and Sleep Med-
to optimize efficiency and costs, and to icine at Medcare Hospital stresses the importance of paying close attention to signs of
improve customer services. chronic fatigue. Repeated sleep problems can be the body’s way of hinting at something
wasl Asset Management Group’s pilot more. Increased stress levels, mood swings, and anxiety are all ways your body might be
project “New Generation End-of-Lease trying to tell you it’s suffering from a sleep disorder. The opposite is also true, with sleeping
Processes BlockChain Enabled” was problems sometimes leading to anxiety disorders.
named a Next-Gen Innovator finalist This month, Ramadan will have many people remaining awake at night and sleeping during
among thousands of global entries. the day. The sudden change of eating habits and timing, from day to night (fasting during
In pursuit of providing paperless expe- daytime and eating at night) are accompanied by some physiological changes in the body.
rience and happy communities in Dubai,
the paperless end-of-lease processes lev- RAKBUSINESS | 39
eraged SAP Blockchain technology and
virtual reality tours. As a result, wasl As-
set Management Group enhanced quality
of work through effective analytics and
inspection, sped up the end-of-lease pro-
cess, reduced cost of refurbishment, and
provided transparency of outsourced ac-
tivities.
“UAE organizations, led by Expo 2020
Dubai, EOH International, and wasl As-
set Management Group, are at the global
forefront of leveraging real-time digital
platforms to enable new business models
and support nationwide digital transfor-
mation,” added Sameer Areff.
The SAP Innovation Summit Dubai, pow-
ered by SAP Leonardo, had sponsoring
partners MDSap, ProCons, NTT Data, Sol-
tius ME – Division of YASH Technologies,
TYCONZ, and Vision Valley.

SABIS® INTERNATIONAL SCHOOL-YAS ISLAND COROLLA TOYOTA COROLLA SCOOPS ‘BEST SMALL SEDAN’ AWARD AT
HOSTS MEGA TALENT AND CREATIVITY EVENT 2018 2018 MIDDLE EAST CAR OF THE YEAR (MECOTY)

SABIS® hosted the highly-anticipated 2018 07 Adding a new feather in its cap, the 2018 Toyota Corolla has been
edition of SABIS® STARS. The event wel- recently honored with the recognition for the best car in the ‘Small
comed students from 28 SABIS® schools in CYLINDER Sedan’ category at the 2018 Middle East Car of the Year (MECOTY)
Azerbaijan, Bahrain, Egypt, Germany, Jordan, awards, the biggest and most prestigious awards program for the
Kurdistan-Iraq, K.S.A., Lebanon, Oman, Paki- 143 regional automotive sector.
stan, and the U.A.E, for a two-day event that The most successful production car model ever built was chosen
showcased their knowledge, talent, and crit- HORSE POWER by a judging panel comprised of 16 independent senior editors
ical thinking skills. from leading automotive publications representing the Middle
SABIS® STARS is a biennial, regional contest 1270 East and North Africa.
in which students from SABIS® schools meet The 12th generation Toyota Corolla emerged as the winner after
and compete in events that are designed to KG WIEGHT impressing the judges on ten aspects that have been set as the se-
challenge them beyond academics, ignite lection criteria for the fifth edition of MECOTY. These included
their desire to investigate their passions, 2000 design and quality, exterior and interior, handling and drivability,
and showcase their talent and creativity. This CC safety and durability, performance and capability, technological
year, over 500 students competed in 11 differ- innovation, emotional appeal and driver satisfaction, value for
ent categories including debate, photogra- 9.7 money (new purchase and resale), environmental performance,
phy, live art performances, singing, public regional appeal, and comfort and practicality.
speaking, creative writing, spelling, science SEC. FROM Since its launch in Japan in 1966, more than 44 million units of
projects, world issues, and advertising. The 0 TO 100 Corolla have been sold globally to date to establish itself as the
competition was fierce and the judges – prom- best-selling nameplate in the world. With its 16 manufacturing
inent individuals from the local communities plants, Toyota currently produces 1.5 million Corolla cars each
– were impressed by the standards of partic- year to reach its customers in more than 150 different markets.
ipants’ work, high spirits, and camaraderie
that they witnessed at the event. w
The event culminated in a closing ceremo-
ny in the presence of SABIS® Board mem-
bers, partners, directors, diplomats, media
representatives, and VIPs to announce the
winners. In his closing ceremony speech,
SABIS® Vice-President Mr. Victor Saad stat-
ed: “SABIS® STARS is carefully designed
to maximize potential and secure the most
meaningful engagement with the world and
its concerns. The carefully selected topics are
both varied and stimulating enabling our stu-
dents to practice and display the widest range
of skills.”
For more information about SABIS® STARS
2018 visit their official Facebook page at face-
book.com/SABISSTARS. For more informa-
tion about schools in the SABIS® Network,
visit sabis.net

40 | RAKBUSINESS

AUDI ABU DHABI LAUNCH EXCLUSIVE OFFERS THIS RAMADAN TECHNOLOGY COMPANIES

In celebration of the Holy Month of Ramadan, Audi Abu Dhabi is offering SAUDI GERMAN HOSPITAL TO ESTABLISH 100-BED HOSPITAL IN
a range a select new and used models. RAS AL KHAIMAH’S AL MARJAN ISLAND
Under the promotion, Audi Abu Dhabi are offering customers an extended
6-year unlimited mileage warranty plus free 5-year service package on se- The hospital will serve the residents and visitors to Al Marjan Is-
lected new Audi models for all orders placed during the month of Ramadan. land as well as the wider Ras Al Khaimah community by offering
The offer also includes free registration and insurance for the first year, specialised services in a modern hospital led by expert health-
and Audi Abu Dhabi will cover the VAT on all purchases, with customers care professionals. Establishing the hospital is in line with the
paying nothing for the first 3 months*. Saudi German Hospital Group’s mission to fulfil the healthcare
In addition, Audi Abu Dhabi are giving customers the chance to receive needs of the public and to expand its presence across the UAE,
up to AED 10,000 cash back on sales of all Audi Approved :plus pre-owned and to support the country’s medical tourism sector.
models with nothing to pay for 3 months*. The Audi Approved :plus show- Eng Sobhi A Batterjee, President of Saudi German Hospital
room in Abu Dhabi is home to the largest selection of approved Audi’s in Group, said: “With the new hospital in Al Marjan Island, we aim
the UAE, providing customers the opportunity to purchase their perfect to provide excellent and integrated healthcare services that will
pre-owned vehicle. All Audi Approved :plus models come with a compre- meet the needs of the people. It will serve the residents and visi-
hensive 300+ multi­point check, plus 12-months warranty and 12-months tors to Al Marjan Island and the wider community.”
roadside assistance, providing customers with complete peace of mind. The Saudi German Hospital in Al Marjan Island is scheduled to
The promotion is available now until the end of Ramadan at Audi show- be operational in early-2019.
rooms in Abu Dhabi and Al Ain. Eng. Abdullah Al Abdooli, CEO of Al Marjan Island, said: “We are
*Deferred payment subject to bank approval. pleased to welcome the Saudi German Group to Al Marjan Island,
For more information and to book a test drive please visit which will further enrich the range of services that we are providing
http://www.audi-abudhabi.com or call 02 2054444 / 03 7131666. to residents and visitors from around the world. With the increase
in number of residents and visitors, it is important that we offer
them truly world-class healthcare services in close proximity. ....”

AL KASIR GROUP LAUNCHES DIAMOND TRADING ON BLOCKCHAIN

Members of the Private Office of H.H. Sheikh Ahmad Bin Obaid Al
Maktoum L.L.C., AL KASIR JEWELLERY TRADING L.L.C. and AL KA-
SIR PORTAL L.L.C. announced the launch of Diamond Trading on
Blockchain with three Diamond-backed Blockchain-Assets.
For the first time, a set of three Blockchain-Assets, backed by Indian
Diamond & Gemological Institute (IDGI) certified real Diamonds were
introduced. Backed by a real-world asset, AL MAS, AL HAQEEK & AL FA-
LAH are secure, convenient and easier to store and translate value due
to a base measure around which their value revolves. This asset-backed
feature differentiates Blockchain-Assets from Cryptocurrencies.
Diamonds are an ideal backing for Blockchain-Assets. They are rare,
take a billion years to develop, have several millennia of history as a
recognized store of value and can be easily stored and transported.
The Blockchain-Assets can be exchanged on the Company In-House
Exchange at a later stage with the flexibility of interchangeability of as-
sets and barter-exchange against diamonds, gemstones, oud, bakhoor
and attar. The company is offering storage facility for Blockchain-As-
sets for a minimum period of 25 years.

RAKBUSINESS | 41

TOURISM

AL MARJAN ISLAND...
ATTRACTS LUXURY HOTEL BRANDS TO THE HOSPITALITY MARKET IN RAK

According to reports, over 15,000 hotel units are re- on Al Marjan Island, fast-growing tourism hub, In all, the
quired in the next seven years to serve the growth in master-planned community will feature 7.8 kilometres
tourist arrivals to Ras Al Khaimah, which recorded an of beaches, 23 kilometres of waterfront, 6,500 planned
increase of 19 percent in 2017. Tourist arrivals are set to residential units, 8,000 planned hotel rooms, 400-room
grow from 1 million this year to over 2.9 million annually wellness retreats and 600 holiday villas.
by 2025, according to the Ras Al Khaimah Tourism De- Al Marjan Island as a vibrant destination offering ex-
velopment Authority, driving the demand for hotels and ceptional hotel choices. which has already attracted
resorts. About 7,000 new hotel rooms are set to be add- international investors and hotel brands and signed an
ed, mostly in the 5-star beach resort category, in the next agreements to launch a number of luxury brands hotels
three years. Of these, nearly 71 per cent will be delivered and resorts.

42 | RAKBUSINESS

THE FIRST EXPANSION OF THE ADDRESS BRAND TO RAK ROVE HOTELS EXPANDS PRES-
ENCE TO RAK
Mohamed Alabbar, Chairman of Emaar Properties, announced the launch of the compa-
ny’s first hotel and residences project in Ras Al Khaimah, at the Arabian Hospitality In- Rove Hotels, the contemporary mid-
vestment Conference 2018. scale hotel brand and a joint venture
Located in the Views island of Al Marjan Island, a four-island mega-development, Address between Emaar Properties and Mer-
Al Marjan Island hotel and residences will be managed by Emaar Hospitality Group’s pre- aas, announced its expansion to Ras Al
mium lifestyle brand, Address Hotels + Resorts. This marks the first expansion of the Ad- Khaimah, with the first Rove hotel in the
dress brand to Ras Al Khaimah. emirate in Al Marjan Island.
Address Al Marjan Island will be a resort-style development that draws on its exception- A spectacular four-island development,
al natural location, directly by the Arabian Sea. The hotel will have 249 rooms, including Al Marjan Island is at the heart of Ras
suites, whileAddress Residences Al Marjan Island will comprise 234 high-end apartments. Al Khaimah”s transformational growth.
As part of Views, the largest of the four islands that make up Al Marjan Island, residents Extending 4.5 kilometres into the sea
will be in close proximity to the ubran core of the master-planned community as well as the and covering an area of 2.7 square kilo-
town centre. With direct access to over 600 metres of beachfront, residents and guests will meters, the integrated lifestyle commu-
have uninterrupted views of the sea in addition to a range of lifestyle amenities. nity is one of the thriving residential and
Address Al Marjan Island will feature several unique restaurant concepts including The Res- investment destinations that welcomes
taurant at Address for all-day dining, meeting and banquet space, a business lounge, a mod- visitors from across the world.
ern fitness centre, spa, pool and other wellness amenities. More details on the hotel will be Rove Al Marjan Island will be the first
announced in due course. Residents of the branded residences can access the hotel amenities. contemporary midscale hotel in the me-
ga-development and will serve the val-
ue-conscious new generation of leisure
travellers, who seek culturally inspired
settings and stay connected through
technology.
Rove Al Marjan Island will have 450
rooms with comfortable mattresses,
48-inch TV with a smart media hub
for super-charged entertainment, free
high-speed Wi-Fi, power showers in ul-
tramodern bathrooms, interconnecting
rooms for families, a unique beach club
concept, 24-hour boutique convenience
store, outdoor pool, sundecks to relax,
a 24-hour gym, a 24-hour self-service
laundromat, luggage store rooms, safety
deposit boxes, sofa beds for extra guests,
mini-fridge and more. Rove Al Marjan Is-
land will feature a trove of artworks that
take inspiration from the natural setting
of Al Marjan Island.

RAKBUSINESS | 43

RAS AL KHAIMAH TO GET TALLEST INDOOR DROP
TOWER IN THE MIDDLE EAST

Landmark Leisure, part of the Landmark Group, one of the UAE’s MANAR MALL
leading multi-faceted leisure and entertainment firms, will open
Tridom, the latest addition to its leisure portfolio in Manar Mall, 600.000
Ras Al Khaimah during Ramadan.
The move marks the first indoor adventure park of its kind in the 164
Northern Emirates and will be a major draw for visitors to the new-
ly expanded Manar Mall. $100
Silvio Liedtke, COO for Landmark Leisure, said: “Tridom will quite
literally become a unique entertainment experience in the North- MILLION
ern Emirates - for sure it will ramp up the fun factor in Ras Al
Khaimah. Tridom is a world of fun and thrills, a complete family 130HIGHEST DROP TOWER
experience that will guarantee laughter and excitement. FEET
“It is the latest addition to our portfolio which includes Fun City,
Fun Ville, Fun Works, and Fun Box and continues our commitment
to constantly deliver quality entertainment facilities with great val-
ue at its core,” added Liedtke.
The new attractions Tridom will provide at Manar Mall include;
-- The ‘Sky Tower Ride’ the tallest in the Middle East, where kids

can enjoy a series of bounces and drop.

LANDMARK LEISURE TO -- An extensive playground – the THE DEPARTMENT OF ANTIQ-
LAUNCH TRIDOM INDOOR EN- UITIES AND MUSEUMS ... EN-
TERTAINMENT CENTRE FOR largest in the UAE. TRENCHES THE HISTORY OF RAS
KIDS AT AL HAMRA’S MANAR -- A Ferris Wheel.
MALL IN RAK FEATURING -- Super Spin’ which twirls riders in AL KHAIMAH EMIRATE
130FT DROP TOWER THE
TALLEST IN THE ME AS WELL midair through 360 degrees The Department of Antiquities and Muse-
AS THE LARGEST INDOOR -- Bumper Cars. ums was established in Ras Al Khaimah
PLAY AREA IN THE UAE -- The ‘Air Racer’ which will give by the Emiri Decree No. 6 of 1978, under
the patronage of the Late Sheikh Saqr Bin
everyone a feeling of really flying. Mohammed Al Qasimi, then the Ruler, of
-- The ‘Disk’O Coaster’, will have the Emirate of Ras Al Khaimah. The Late
Sheikh Sultan bin Saqr Al Qasimi, then dep-
people spinning and rocking, but uty governor, was appointed Head of the
Department of Antiquities and Museums,
no rolling. the headquarters of which was the Ras Al
Khaimah National Museum.
Since its establishment, the Department
carried out many important tasks, such as
surveying and archaeological excavations, in
cooperation with archaeological exploration
missions, preserving and maintaining an-
cient archaeological sites, preservation and
display of antiquities in the National Muse-
um for the public, in addition to conducting
and documenting archaeological studies and
research, informing the various segments
and categories of society, about the culture
of the Emirate of Ras Al Khaimah and its
ancient past, by organizing exhibitions, her-
itage events, seminars and history lectures.

44 | RAKBUSINESS

TOURISM ENTERTAINMENT

After His Highness Sheikh Saud Bin Saqr Al RAMADAN AT THE COVE ROTANA RESORT
Qasimi, may Allah preserve him, became the Break the fast and delight in an irresistible
ruler of the Emirate of Ras Al Khaimah, and Iftar and celebrate the real meaning of this
under the guidance of His Highness, the holy month with your beloved ones. Indulge
organizational structure of the Department in a generous buffet of Middle Eastern and
of Antiquities and Museums was developed International delicacies with live cooking
and some departments and specialized stations, Arabic desserts and fresh juices.
units were added. The strategic frameworks When: Till the end of Ramadan
of the Department were developed and the Price: Iftar – AED 155, Suhour – AED 99* per person
vision, mission, objectives and values of the Book: 07 2066292 or [email protected]
Department were formulated to align with
the government strategy. AL MAEDA.. THE NEWEST LEBANESE REST.
Entranced by the taste, color and smell of the
RAS AL KHAIMAH FORT Levant. Gather family and friends to sample
The Fort dates back to the 19th century dur- delicious dishes including the smoked lamb
ing the British occupation. The image of the Frikih and Fish Saiyadiah whilst enjoying an
Fort watchtower appears on maps drawn by unforgettable dining experience with unob-
British soldiers in 1809 during the invasion structed views to the magnificent.
of RAK. In 1948, the Late Sheikh Saqr bin
Mohamed Al Qasimi, the then ruler of the Price: AAED 165 /person.
country, took over the Fort as the seat of the Book: 072288844
ruling family and an Emiri Court. In 1964,
the Fort became the headquarters of the Ras CELEBRATE EID HOLIDAYS
Al Khaimah Police Department, and later Celebrate EID Holidays and enjoy an excep-
became a central prison. tional Ultra All-Inclusive experience with
In 1984, the Late Sheikh Saqr Bin Mohamed family and friends and get 20 % OFF for
Al Qasimi ordered the Fort to be the head- 3 nights min stay from 14th -17th of June
quarters of the National Museum of Ras 2018. Offer is valid when booked directly via
Al Khaimah. The museum was officially Rixos Hotels website.
opened in 1987. When: 14th-17 of june.
Price: 20% off for 3 nights
Book: [email protected] or 07 202 0000

PODIUM... BUFFET WITH LIVE GRILL STATION
Enjoy scrumptious buffet of Ramadan fa-
vorites with live grill station, a lavish des-
sert spread and Ramadan drinks all for AED
92 per person. For groups of 30 persons or
more an exclusive Iftar experience with sev-
eral buffet options to choose from.

Price: AED starting from AED 80 per person..
Book: 07 226 0666

FOR FIFA WORLD CUP FANS
DoubleTree by Hilton Resort & Spa Marjan
Island is inviting you to cheer as loud as you
can as you soak in the outdoor Marjan Pool
and catch all the action on big screens with
drinks of your choice and floating shisha.
Scratch-and-win offers, as well as amazing
promotions on beverages will create an elec-
trifying atmosphere! .
Book: +97172030000

CYPRUS...THE TRANQUIL
SIDE OF A LUXURY BEACH

By: Zina Abboud

ITS SOFT GOLDEN SAND, CLEAR WATER, AND IDEAL LOCATION THAT IS PROTECTED
FROM STRONG WIND. THE ROAD TO THIS ENCHANTING SITE GOES THROUGH BEAUTI-
FUL GREEN SPACES FULL OF PINE TREES AND HAS A CAPTIVATING VIEW FROM ABOVE.

The spirit seems to leap with glee, experi- door activities, captivating natural destina-
encing a deep euphoria as one wanders tions, and relaxing areas full of quiet and
around Cyprus. The walls there whisper tranquility, alongside cultural exploration
a soft perfume, and steps wander to the tours which cover the entire island and are
music of beauty, welcomed by roses and conducted around the year.
the gentle breeze from the beach. There, Cyprus is the ideal haven for relaxation and
the spirit wanders in tranquility, as the dis- spending long weekends on its beaches
tance takes you into tales and myths. which have earned the Blue Flag certifica-
Cyprus is the third biggest island in the tion, a certification recognized worldwide
eastern part of the Mediterranean. As a full- by the Foundation for Environmental Ed-
fledged member of the European Union, ucation (FEE), as the trip to Cyprus takes
Cyprus is the nearest European destination around 3-4 hours by plane. The island is
for the Gulf Cooperation Council states. famous for its clear water thanks to proper
Due to its deep-rooted and ancient history environmental management, and offers
and heritage, the island offers to travel- many health and rescue services, in addi-
ers from around the world an exceptional tion to facilitating suitable services for ar-
opportunity to experience a variety of out- rivals with special needs.

In addition, Cyprus constantly wins top
awards and earns the highest rankings
for the quality and safety of water, with
its beaches maintaining their no.1 rank
as cleanest swimming water in all Eu-
rope year after year at a fixed 100% rate.
As part of its efforts to provide an unfor-
gettable tourist experience for its guests,
the Cyprus Tourism Organization (CTO),
which is in charge of organizing tourist
activities and promotion campaigns in
Cyprus, is committed to encouraging and
supporting tourist facilities to provide
suitable facilitations and facilities for
tourists with special needs. The island
has 47 beaches, 26 of which offer facili-
ties that are perfectly suitable for people
with special needs, while the other 21 of-
fer facilities that are partly suitable. Top

five captivating azure beaches in Cyprus:

46 | RAKBUSINESS

TOURISM MY DESTINATION

NISSI BEACH, AYIA NAPA: KONNOS BAY, AYIA NAPA: LARA BAY, PAPHOS:
Nissi Beach extends for around 600 me- The bay, which is one of most beautiful This bay is one of the most remote bays
ters on Ayia Napa beach and is a vibrant and enchanting sites in the island and in Cyprus, located in the Akamas penin-
and active destination. The gulf of golden part of its captivating paradise, extends sula which is a nature preserve, and Lara
sands attracts many visitors and tourists for 200 meters, and has a remarkable lo- beach is famous for its green sea turtles
and has calm shallow waters and a coast cation that is 4 km away from the famous that nest there. The beach, which extends
pulsing with music, parties, and drinks, Ayia Napa Resort. The Bay is famous for across a large area in a horseshoe shape,
making it an ideal destination for those is marked by its soft, golden sand and the
who love such an atmosphere. The beach MAKRONISSOS BEACH, AYIA NAPA: captivating natural views that surround
has many destinations that allow visitors This beach includes a captivating trio of it, making it an area of enchanting beauty
to partake in various water sports, such enchanting bays extending in different near clear water. Due to its remote loca-
as diving and so on, in addition to great directions: west, southwest, and north- tion, going there requires transport, and
places to stay, restaurants, and kiosks. east. The bat extending southwest is lo- with no nearby services facilities, this bay
cated in a special reserve affiliated with is an ideal haven for those who like isola-
FIG TREE BAY, PROTARAS: the Natura 2000 network which looks tion and quiet.
The Protaras beach, also known as Gig after natural European sites with signifi- The number of visitors arriving in Cyprus
Tree bay, became very popular over the cant heritage value. Tourists can visit the increased during the first quarter of 2018,
years due to its soft, golden sand and Makronissos archaeological site located following the record numbers achieved in
clear water. It was named after a single in the beach area, or walk eastwards to- 12 months in 2017. This increase greatly
isolated fig tree that dates back to the wards Vathia Gonia Beach, or west to Agia bolsters the island’s position as the ideal
17th century. Thekla Beach. and leading tourist destination in the area.

RAKBUSINESS | 47