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Luxury Goods & Duty Free

FEATURED REPORT...
Posted: 14-12-2008
INTERNATIONAL. The worldwide luxury goods market, once thought immune to the ebbs and flows of economic fluctuations, has begun to feel the effects of the worldwide economic slowdown and will likely enter a recession in 2009, this according  to the results released today of the 7th edition of Bain & Company’s Luxury Goods Worldwide Market Study.  But a surge in spending by high net worth individuals on luxury goods over the next five years, ranging between 20% and 35% in emerging markets including Brazil, Russia, China and India, coupled with the strength of several worldw
Posted: November 19, 2009
UAE. Sophie Marceau, the international French Actress and Chaumet advertising ambassador in Dubai to celebrate the first anniversary of the Chaumet boutique in Dubai Mall.
Posted: November 19, 2009
BAHRAIN. Roger Dubuis announced its regional expansion plans during the ongoing Jewellery Arabia exhibition at the Bahrain Exhibition and Convention Centre.
Posted: November 6, 2009
INTERNATIONAL. Saks Fifth Avenue will host its first ever 'winter wonderland' event in partnership with Swarovski, with a magical unveiling set to illuminate the entire Dubai store in crystals for the season.
Posted: November 5, 2009
UAE. TAG Heuer's limited-edition MERIDIIST Automobili Lamborghini mobile phone was launched yesterday at the Dubai Mall by Jean-Christophe Babin, CEO of Tag Heuer and UAE desert rally champion Mohammed Ben Sulayem.
Posted: November 4, 2009
UAE. The payment schedule is part of the formal settlement agreement between the Abdullah family and the Company, in respect of the repayment of transactions that led to the resignation of Tawhid Abdullah as CEO last month.
Posted: November 3, 2009
INTERNATIONAL. SAINT HONORE announced the signing of former French Formula one star and actor Paul Belmondo as a brand ambassador to endorse its range of products creating an association with the world of racing.
Posted: November 2, 2009
UAE. The opening of the new boutique, the third in the UAE marks the brands continued expansion plans in the region.
Posted: November 2, 2009
UAE. Shop-Dine-Unwind is a unique combination of fine dining and luxury shopping in an opulent and comfortable setting at Abu Dhabi International Airport's Terminal 3.
Posted: November 2, 2009
UAE. Dubai became part of an elite group of cities that was among the first to launch the remarkable new Mercedes -Benz S-Class at an exclusive and high profile event hosted by Gargash Enterprises.
Posted: November 1, 2009
INTERNATIONAL. To celebrate Barbie's 50th anniversary, Givori has teamed up with leading toy-creator Mattel to launch a limited edition phone commemorating the most successful doll of all time.
Posted: October 27, 2009
INTERNATIONAL. Projected 12% increase in 2009 sales in China and 20% growth of sales online; Of the 300 estimated store openings globally, 30% will be in the Middle East.
Posted: October 26, 2009
UAE. Dubai Duty Free walked away with the Frontier Award for 'Best Marketing Campaign by a Retailer'.
Posted: October 21, 2009
UAE. Paris Gallery and the Morellato Group jointly announced their strategic alliance for the Middle East market.
Posted: October 20, 2009
UAE. Damas lead the way in adding extra sparkle to Diwali celebrations by unleashing a grand array of promotions for shoppers.
Posted: October 20, 2009
UAE. Paris Gallery has implemented Oracle Retail and Oracle E-Business Suite applications to help support aggressive growth strategies and enhance service levels across its store and distribution network.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 19, 2009
INTERNATIONAL. A majority of investors expects the US Federal Reserve to hold off from raising interest rates until the second half of 2010, according to the BofA Merrill Lynch Survey of Fund Managers for November.
date:Posted: November 19, 2009
INTERNATIONAL. Faber said, considering the size of the stimulus packages and the monetary printing, the US economy hasn't responded well. What have responded well are asset markets but unemployment is horrrible and the typical household is suffering.
date:Posted: November 18, 2009
INTERNATIONAL. The global health industry is worth around US$4.2 trillion. As GCC countries continue to develop world class healthcare systems, they must avoid pitfalls of the developed markets, according to AT Kearney.
UAE. Dubai ruler Sheikh Mohammed Bin Rashid Al-Maktoum tightened the control of the emirate's largest holding company, the Investment Corporation of Dubai.
INTERNATIONAL. This situation gives rise to increasingly positive prospects for gold and other commodities that may ultimately stand in as the world's reserve currency. And there are some pretty hot speculative prospects - Louis' 'best of the best' - waiting in the wings for the market's next big leg down.