Search Site

Trends banner

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

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.