Sunaina Rana / Emirates Business The luxury sector in the Middle East continues to grow undeterred by any economic hurdles. It has been ranked among the top 10 luxury markets globally, with a spending of around AED34 billion in 2015. The overall industry — as tracked by Bain & Company — comprises 10 segments, led by luxury cars, luxury …

  RITIKA SHARMA / Emirates Business Generating a total of $653 million per year, the Meetings, Incentives, Conferences and Exhibitions (MICE) industry in the Emirates is expected to witness an annual growth rate of over 7 percent yearly till 2020. The MICE industry, which is considered the backbone of many economies globally, has emerged as one of the key growth …

  Abu Dhabi / Emirates Business The Masdar Institute of Science and Technology and Lomonosov Moscow State University (MSU) have announced they have signed an international scientific and technological cooperation agreement to collaborate on conducting educational activities, research and innovation. The agreement was signed on the sidelines of the 20th St. Petersburg International Economic Forum (SPIEF 2016) by Mohamed Jameel …