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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: September 1, 2010
UAE. Event to offer genuine value and choice to existing yachting enthusiasts as well as encouraging more people to get out onto the water.
Posted: September 1, 2010
UAE. Amwal Al Khaleej Commercial Investment received 20 million Damas shares valued at US$3.2 million.
Posted: August 31, 2010
UAE. New Fashion Dome adds over 40 new high profile brands to the mall's portfolio.
Posted: August 30, 2010
SAUDI ARABIA. Juicy Couture's shop in shop boutique at Saks Fifth Avenue Riyadh will feature the latest collection of ultra-comfy, stylish and chic clothing, shoes, handbags and accessories.
Posted: August 29, 2010
UAE. 'Big Boys Toys' event set to attract top aviation customers across the globe.
Posted: August 29, 2010
INTERNATIONAL. The change was made in mid-July, and no one else had been added to the will in his place, according to Bettencourt's lawyer.
Posted: August 25, 2010
UAE. To be showcased in Cannes, Monaco and Genova boat shows
Posted: August 25, 2010
INTERNATIONAL. UAE, Egypt witness 15% drop in jewellery demand in second quarter 2010.
Posted: August 23, 2010
INTERNATIONAL. Dubai-owned Barneys said the appointment of the former President and CEO of Gucci is effective September 1.
Posted: August 15, 2010
UAE. Handcrafted 18k yellow, white and rose gold multi-strand necklaces, bracelets, hoop earrings and rings. Accenting the glamour further, are several pieces boasting prong-set diamond brilliants.
Posted: August 15, 2010
INTERNATIONAL. Burglars broke into De Beers and Omega at the Royal Exchange in the City on Saturday night.
Posted: August 13, 2010
INTERNATIONAL. EBITDA grew by 20.3% on constant FX rates and reported net earnings almost doubled to CHF60.7 million.
Posted: August 10, 2010
INTERNATIONAl. The closely held fashion house didn't report figures for profit.
Posted: August 8, 2010
UAE. Sales growth outpace passenger growth; Spend per passenger rose 7.2% to US US$14.47.
Posted: August 5, 2010
INTERNATIONAL. British supermodel Naomi Campbell told the Sierra Leone war crimes court Thursday she had been a given pouch containing a few small diamonds while in South Africa

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 2, 2010
INTERNATIONAL. The triangle pattern has taken nearly 9 months so far, and a move over US$19.50 could start a multi-month run targeting US$26-US$29 per ounce for starters before a broad pullback.
date:Posted: September 1, 2010
UAE. Given the recent developments in Saudi Arabia and India, there is now a greater level of hope that the TRA and RIM will reach an agreement about the manner in which BB Messenger services are provided.
date:Posted: September 1, 2010
UAE. GCC Telecom markets are on the verge of saturation, while prices decline due to increasing competition, resulting in telcos profits being under very high pressure.
INTERNATIONAL. Masood Ahmed, Director of the IMF's Middle East and Central Asia Department, described the flooding as a "human catastrophe that is still evolving." Reconstruction costs expected to run into billions of dollars.