BLOOMBERG Burberry Group Plc slumped after the UK trenchcoat maker slashed its profit forecast, a fresh sign that demand for luxury goods, particularly in the US, is waning. The British retailer wiped nearly £100 million ($128 million) off its profit outlook in the starkest sign yet that after an unprecedented surge in luxury sales during the pandemic, the bubble has …

DUBAI / WAM Brand Dubai, the creative arm of the Government of Dubai Media Office (GDMO), has partnered with the Dubai Culture and Arts Authority (Dubai Culture), to showcase the unique culinary creations of homegrown businesses from the ‘Proudly from Dubai’ network at the ‘Al Marmoom: Film in the Desert’ festival. The third edition of the festival, organised by Dubai …

TRIPOLI / WAM The UAE participated in the 40th session of the Arab Ministerial Forum for Housing and Urban Development (AMFHUD) in Tripoli, Libya. The meeting discussed a number of housing issues, including regulatory frameworks, ways to improve the sector, and the UAE’s candidacy for the presidency of the General Assembly and membership of the executive office of the United …