The Middle East luxury goods market is expected to reach nearly €15 billion by 2023 and double that amount by 2030 to reach €30-35 billion, driven by the UAE and Saudi Arabia. This is according to a new research report released on 5 July by Boston Consulting Group BCG and Altagamma, the Italian trade association […]
Aston Martin, the British luxury car brand, has signed a partnership agreement with Lucid, the American electric vehicle manufacturer!
Advent will acquire a majority stake in SBGC company from Julien Sprecher, while Sprecher will retain his current position and a minority stake in the company.
NIO Secures $1.1 Billion Strategic Investment from Abu Dhabi Sovereign Fund, CYVN Holdings, in the Middle East!
The two companies will collaborate to develop eyewear retail business in the Gulf Cooperation Council (GCC) region.
Azizi stated that with the launch of new development projects, the company will add nearly 20,000 rooms to Dubai’s hotel industry over the next five years.
ChimHaeres states that it is in an ideal position to become a significant player in the European luxury goods industry, considering its team’s experience and available capital, and is actively seeking investments in ambitious and strong brands.
Over 500 local, regional, and international luxury watch and jewelry brands showcased their collections at the 19th Doha Jewelry and Watch Exhibition.
With its prime location, this hotel has become an iconic landmark of Paris and one of the most sought-after real estate assets in the area.
Any goods whose value exceeds the threshold will be subject to a 5 percent duty, as well as an administrative fee of AED 65 (approximately USD 17). This will spur local retailers to take significant product and marketing initiatives to enhance value propositions to attract and retain consumers looking for local alternatives.