Middle East Economic Survey
Ras Al-Khaimah Oils Company Formed
Ras al-Khaimah Oils Company, which was formed recently by an Amiri decree, held its first board meeting on 6 February, chaired by Muhammad al-Mahrazi. The limited liability firm is owned by the government of Ras al-Khaimah and Irans Bahran Oil Company. Ras al-Khaimah Oils, capitalized at Dh50mn ($14mn), will produce and bottle petroleum products relying on the local and international markets to...