International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
The Six Degrees of Sheikh Omar Bin Saqr Al Qassimi
The CEO of RAK Airways just announced the re-launch of their passenger flights. But how can we connect him to a prominent Lebanese business tycoon through a Bollywood Diva?
September 27, 2010 4:28 by kippreport
Sheikh Omar Bin Saqr Al Qassimi
Sheikh Omar Bin Saqr Al Qassimi is smiling again. The causalities of the financial crisis are abundant – quite unlike the success stories of the post crisis recovery. Meet the anomaly: RAK Airways. Two years after they had frozen passenger services, RAK Airways CEO Sheikh Omar Bin Saqr Al Qassimi, announced yesterday RAK Airways would be re-launching their services.
Apart from his activities with RAK Airlines, RAK Bank (he’s chairman there, too) and all other things RAK, Sheikh Al Qassimi helped develop the infrastructure for the 33rd America’s Cup, which was to be held in Ras Al Khaimiah in early 2010 before it was moved to Valenica, Spain. During the initial set-up, Sheikh Omar met with several yacht owners including Swiss-Italian billionaire and entrepreneur…
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