For two decades, U.S. universities have raced to build campuses abroad to burnish their reputation and attract foreign students. Now, controversies and stumbles at high-profile projects have led some to reconsider expansion.
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.
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.
After a decade of dealmaking at Morgan Stanley in the Middle East, Peter Fort swapped Dubai’s International Financial Centre for a career promoting investment into one of the United Arab Emirates’ lesser-known sheikhdoms.
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.
RAK Airways, based in the northern Gulf emirate of Ras Al Khaimah, said it’s in talks with Boeing Co., Airbus SAS and Bombardier Inc. about an order for at least 10 single-aisle aircraft to meet expansion plans.