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Top jewellers at Sharjah expoSome of the world’s best craftsmen and master jewellers are set to showcase their products at a watch and jewellery show to be held in Sharjah starting from October 1. The 35th Mideast Watch and Jewellery Show, running till More… |
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Bahrain jewellers set for big US showA delegation of jewellers from Bahrain is to take part in an international jewellery show in the US in May. Fifteen Bahraini jewellery companies and 40 other jewellers are taking part in the show, to be held in Las Vegas on May 29 More… |
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Damas to host biggest 'vault sale’Damas, a leading international jewellery and watch retailer in the region, has announced its biggest ever sale starting from May 31 to June 9 at its main vault in Dubai Multi Commodities Centre (DMCC). The end of season sale offers between More… |
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Top jeweller unveils ME expansion planMalabar Gold, a leading gold and diamond jewellery player in South India and the Middle East, has announced a four-year expansion plan that will eventually raise the company's retail network to 220 outlets from the existing 64. The company More… |
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Mannai-led group agrees takeover of DamasQatari conglomerate Mannai Corp and Egyptian investment bank EFG Hermes have agreed a $0.45 per share recommended cash bid for Dubai jeweller Damas. In a joint statement, Mannai and EFG Hermes said irrevocable undertakings had been secured More… |
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Tiffany opens regional base in DubaiTiffany & Co, a leading jewellery brand, has opened its regional headquarters in Dubai, which will oversee business development in the Middle East, East and Central Europe, Africa, Turkey and India. “This occasion marks an important mi More… |
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Auditor warns on jeweller Damas' futureDubai's Damas may face "significant uncertainty" to operate its business if the jeweller is unable to execute its restructuring plan or extend a debt standstill agreement, the company's auditors said in a report on Monday. "In the event th More… |
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Damas sees debt restructuring deal end-JuneDubai-based Damas International said on Thursday it expected to reach a debt restructuring deal with lenders by the end of June, as the jeweller focuses on recovering assets from its founders. Damas is in talks with banks to restructure $8 More… |
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Dubai jeweller in talks to recover $55mUAE jeweller Damas International said it was taking longer to recover the $55 million owed by its founders, the Abdulla brothers, due by April 30, but the delay does not mean a default. Dubai-based Damas was ordered to dismiss its board an More… |
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Damas eyes $872m debt deal in 3 weeksJeweller Damas International may reach a standstill agreement with its creditors within three weeks for 3.2 billion dirhams ($871.5 million) worth of debt, a report said. Dubai's regulator earlier in March ordered the jeweller to dismi More… |
