UAE. Classic brands are playing by different rules today to grow in the new markets of the East. But is the “New Look” worth it?
The continued growth of emerging markets like the Middle East and China are “transforming the luxury industry”, said Claudio D’Arpizio, a Bain & Company partner and lead author of its ‘Spring 2011 Update: Luxury Goods Worldwide Market Study’ upon the report’s release in May. “Luxury has made a brilliant return to the retail stage, but the script has been re-written” to suit both the escalating demand and the new consumer.
The Chalhoub Group,
INTERNATIONAL. The region is in the midst of some of the deadliest conflicts and worst humanitarian emergencies ever, with terrorist groups such as the ISIL and Al-Qaida affiliates "elevating the horror and complicating the search for solutions."
YEMEN. Across the country, nearly 10 million children - 80% of the country's under-18 population - need urgent humanitarian assistance. More than 1.4 million people have been forced to flee their homes.
UAE. Alliance expands Trustwave managed security services to Palo Alto Networks; Next-generation managed security services to global, multi-national businesses and government agencies in the Middle East.
UAE. In times of economic uncertainty, cold-hearted international investors seek more diversification of their property portfolios. As London provides opportunity for property capital appreciation, reasonable prices and growing yields in Dubai make an equally attractive income generating opportunity.
INTERNATIONAL. Suspected anchors on the gold price, such as an interest rate increase and devaluation of the yuan, could actually be a rallying cry for commodities, he says in this interview with The Gold Report.
UAE. "Initially, the UAE could play a similar role to that which Hong Kong plays regarding China. It has the potential to become the gateway to the Iranian market thanks to its historical trade relations with Iran, world-class infrastructure and best-in-class logistics."