Sort of true
It's true that there is an Embraer but as for it being the start of a refleeting excercise; who knows? That lot are capable of anything! Seems they want to copy an element of what Gulf Air is doing perhaps.
The aircraft is coming from Air Moldova, under full ACMI I believe. Painting was done in BHX
It's not the ideal aircraft type for pretty much all of their existing route network but choosing aircraft never was one of their strong points. Perhaps some new route requiring an aircraft with this capability is coming soon? Maybe they want to have one from every manufacturer? Are the 320, the 737, 757 all still there together?...messy fleet if so.
Here's the livery on Airliners, nice photo and not a bad looking aircraft. I'm curious to see what they use it for though.
http://www.airliners.net/photo/RAK-Airways-(Air/Embraer-ERJ-190-100STD-190STD/2017732/L/&
I hear they're looking for German speaking cabin crew so it will be interesting to see what's behind that too.