INTERNATIONAL. It’s a tiny circle known for exclusivity, but its global reach into emerging markets means the luxury business needs online networking.
When you think of luxury, you think of small, elite, exclusive. When you think of the internet you think exactly the opposite, and marrying the two has historically enjoyed little success.
Yet a company called The Luxury Society evolved into a flourishing business by exploring where a mass media platform could successfully meld with a niche luxury network.
According to Pierre-Yves Poulain, co-founder with four others of the website that i
INTERNATIONAL. The transaction, made up of a mix of cash and shares, enables Geneva-based DLG to add "community-based intelligence" and events to its research offer, while giving it a presence in Paris.
UAE New boutique in terminal 3 has been artistically designed across 2,726 square foot retail space similar to a luxury high street store, offering passengers a unique experience and exclusive products.
UAE. The passage of the draft Law through the FNC (which is an elected form of Parliamentary advisory body) is a key stage in the legislative process and it brings the draft Law one step closer to being enacted.
SAUDI ARABIA. The Saudi Arabian index is the region's most diverse capital market due to its size and maturity; Jadwa Investment views the opening up of the Tadawul as an overall positive but believes a cautious and considered path to reform is the best way forward, much like the Chinese example.
INTERNATIONAL. "With business operations in both the UK and the GCC, BLME has made significant progress in the first half of the year"; The Group increased its Operating Profit before Impairment charges by 177%.
UAE. Dubai World, the state-owned company at the center of the emirate's 2009 financial crisis, reached a deal with its main creditors to extend the repayment of US$10.3 billion of debt, according to people with knowledge of the matter.