INSEAD Day 4 - 728x90

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

Ras Al Khaimah moves to regulate transporting passengers by luxury vehicles, limousines

Ras Al Khaimah will launch Digital Assets Oasis, the world’s first free zone dedicated to digital and virtual asset companies. File pic
  • Ruler of Ras Al Khaimah Sheikh Saud bin Saqr Al Qasimi approved Resolution no.3 of 2021 which paved the way for this regulation.
  • The move mandates Ras Al Khaimah Transport Authority to organise the activity of transporting passengers by luxury vehicles and limousines in the emirate

Ras Al Khaimah has regulated the activity of transporting passengers by luxury vehicles and limousines in the emirate.

Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, and Chairman of the Executive Council, approved Resolution no.3 of 2021 which paved the way for this regulation.  

This step comes within the framework of an integrated strategic vision that reflects the government’s keenness to develop an integrated system of advanced legislation and laws that will ensure the upgrading of all services and the adoption of the best international standards and practices in the field of transportation. 

The Resolution mandates Ras Al Khaimah Transport Authority (RAKTA) to organise the activity of transporting passengers by luxury vehicles and limousines in the emirate, to apply special requirements and standards for their practice, and to monitor operators to ensure compliance with them.