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DDF sales jump 12pc in Q1Dubai Duty Free (DDF) has recorded Dh1.6 billion ($438 million) sales for the first quarter, up 12 per cent over the same period last year thus signaling an excellent prospect for the retailer’s 30th year of business. With t More… |
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Mideast luxury goods market grows 15pcThe Middle East luxury goods market has achieved a growth of 10 to 15 per cent this year as compared to 2011, establishing the region as the 10th largest luxury goods market in the world; according to a recent study by Bain & Company. More… |
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ME luxury market ‘to grow 15pc in 2013’Middle East luxury market will grow by 15 per cent in 2013, against the six to seven per cent growth predicated for the global market, according to a new report from Bain, a major management consulting firm. The inaugural World Lu More… |
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Major duty free expo opens in DubaiMiddle East Exclusive (MEE) 2012, the region’s largest retail, duty free and luxury goods exhibition, is set to open today at the Dubai World Trade Centre. MEE 2012, which will conclude on November 27, is organised by the Mi More… |
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Dubai to host newly revamped duty free fairDubai will be organising the newly revamped Middle East Exclusive (MEE) 2012 – The World Travel Retail, Duty Free & Luxury Goods Exhibition, during the ‘Duty Free Week’ from November 25 to 27 at the Dubai World Trade Centre More… |
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Qataris, Bahrainis 'biggest spenders on luxury goods'Qataris are the biggest buyers of luxury goods in the Middle East region, closely followed by consumers in Bahrain, according to the American Express Middle East Luxury Spending Tracker. Luxury goods buyers in Qatar spend up to $5,000 a More… |
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Iran bans import of some luxury goodsIran has temporarily banned the import of some "luxury goods" including foreign-made cars and mobile phones, a state-run newspaper said, to save billions of dollars for essential products in the face of worsening sanc More… |
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Luxury brands sale opens in DubaiThe Concept Big Brands Shopping Fiesta 2012, a popular shopping sale in the UAE, which offers high-end luxury brands at competitive prices opened yesterday (June 20) in Dubai. It is being held at the Dubai World Trade Centre until June 23. More… |
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UK luxury goods sales seen up 10pcBritain's luxury goods market is set to grow 10 per cent this year, and by more than 50 per cent by 2015, helped by a surge in tourist spending, according to research published on Monday. Ledbury Research, in collaboration with luxury indu More… |
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Luxury goods sales growth seen at 12pcThe luxury goods sector in the GCC will see a growth of 8 to 12 per cent, fuelled by tourism in Dubai and internal markets demand, said a report. Worldwide luxury sales are projected to grow to 185 billion euros ($266 billion) in 2011, up More… |
