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From Arabtimesonline.com: The emirate has its own sovereign wealth fund, the Ras Al Khaimah Investment Authority (RAKIA), which has a portfolio of around $2 billion.
In official recognition of Sheikh Saud’s succession to the post of emir, the UAE’s Federal Supreme Council “expressed its full support for Sheikh Saud as ruler of Ras al-Khaimah,” in a statement carried by the news agency……………………………………….Full Article: Source
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Sovereign Wealth Funds Briefing - Categorized | People
Kuwait condoles loss of Ras Al-Khaimah ruler
| Posted on 29 October 2010 |
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