Wednesday 20 June 2018
 
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Tourism drives GCC luxury personal goods market

The GCC personal luxury goods market is stable with recovery from last year driven by tourism spend and online spend which now represents almost 5 per cent of the regional luxury market, i.e., about $400 million, an industry expert said.

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Tourism drives GCC luxury personal goods market

The GCC personal luxury goods market is stable with recovery from last year driven by tourism spend and online spend which now represents almost 5 per cent of the regional luxury market, i.e., about $400 million, an industry expert said.

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Tech firms now banking sector’s biggest disruptors

Until recently, traditional retail banks were betting on nimble fintechs to up-end the industry.  However, established technology firms – Amazon, Apple, Tencent and others – have emerged as the bigger, more immediate threat to r

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Global diamond market sees moderate growth

The global diamond industry performed moderately well in 2015, led by diamond jewellery retail sales, which grew 3 per cent at constant exchange rates, a report said. However, currency depreciation, as well as slower demand in Chi

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ME private equity sees growing volumes in 2015

Last year was a very encouraging year for private equity (PE) in the Mena region with a growing volume of larger deals, notably in the retail and consumer goods, healthcare, and education sectors, an industry expert said. “T

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Diamond jewellery ‘claims 30pc of GCC luxury market’

Hard luxury represents as much as 30 per cent of the GCC luxury goods market, an industry expert said, adding that the EUR2.3 billion ($2.56 billion) market performed better than other luxury goods categories in 2015. Cyrille Fabr

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Industrial services outshine new product sales

The service business in industrial firms is reporting growth rates up to 40 per cent faster than sales of new products, a report said, highlighting that the gross profit margin of services is on average a good ten percentage points higher.

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Industrial services outshine new product sales

The service business in industrial firms is reporting growth rates up to 40 per cent faster than sales of new products, a report said, highlighting that the gross profit margin of services is on average a good ten percentage points higher.

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Four funds bid for British luxury paintmaker

American buyout firms Carlyle and Bain Capital are among a group of four private equity funds preparing second-round bids for British luxury paintmaker Farrow & Ball, several sources familiar with the situation said. The other

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Busy CEOs losing millions on emails, meetings

Top executives lose thousands of hours each year responding to email and sitting in unproductive meetings, and the losses snowball through their organizations – simply because companies do not track and monitor employee time as tightly as

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