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,
UAE. The UAE is a typical example of how the growth of talents and skills is key to improving competitiveness; Algeria, Libya and Yemen rank in the bottom quartile globally, while most of the GCC countries rank among the top quartile globally.
UAE. "If our growth is curtailed or our investments in airlines are compromised, the real damage will be to Europe in lost jobs, lost flight connectivity, lost investment in local and national economies and lost consumer choice."
INTERNATIONAL. One solution to Greece's debt problem is to abandon the euro and resurrect the drachma. Peter Schiff explains why this would be ideal for Greek politicians, but a disaster for Greek citizens and creditors. He also reveals why the U.S. faces the same debt dilemma, with one major difference - the US already has a currency it can devalue.
INTERNATIONAL. An estimated US$8 trillion to be generated through new connections over next decade; The Trend Report estimates that there will be 50 billion devices connected to the Internet by 2020 compared to 15 billion today.
INTERNATIONAL. The current balancing act in the Middle East represents a fundamental rebalancing of American strategy. It is still clumsy and poorly thought out, but it is happening. And for the rest of the world, the idea that the Americans are coming will become more and more rare.
UAE. Global experts in the field of innovation to help enrich the Mohammed Bin Rashid Centre for Government Innovation with experience and innovative ideas and support its efforts in promoting the UAE position on the global map of government innovation.
LEBANON. "The persisting high level of political uncertainties in the country and wide spillovers from the Syrian crisis, represented the main factors that negatively affected the confidence of Lebanese consumers during the third quarter of 2014."