Ras Al Khaimah Ceramics, the world’s biggest maker of ceramic tiles, is producing bidets, sinks and bathtubs at a maximum capacity in the United Arab Emirates even as Dubai’s construction boom falters, an official said.
Spain’s Placido Domingo kissed his Puerto Rican singing partner Ana Maria Martinez, Bryn Terfel belted out tunes from his Welsh homeland and Gilberto Gil played bossa nova from Brazil at this year’s Abu Dhabi Festival.
Dubai’s DFM General Index gained 2.2 percent to 1,466.84, the highest since Sept. 21, at the 2 p.m. close in the emirate. Abu Dhabi’s ADX General Index increased less than 0.1 percent. Saudi Arabia’s Tadawul All Share Index advanced for a tenth day, the longest winning streak since September 2009.
Ras Al Khaimah, one of the seven sheikhdoms that make up the United Arab Emirates, plans to sell a so-called benchmark bond and has hired two banks to manage the transaction, two bankers familiar with the plan said.
Ras Al Khaimah Ceramics, a producer of tiles and bathroom fixtures, boosted sales and profit by 10 percent this year and expects the growth to continue thorugh the end of 2010, the chief executive officer said.