November, 2016

• 30 November

  Swiss Watchmaker Breitling weighs sale

  

    Bloomberg Breitling, the Swiss watchmaker known for aviation-themed timepieces worn by actor John Travolta, is weighing a sale, according to people familiar with the matter. The process is still in the early stages, said the people, who asked not to be identified as the deliberations are private. The most likely suitors are luxury-goods companies rather than private equity firms, ...

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• 30 November

  H&M, Zara and Forever21 grapple with sustainability trend

  

    Bloomberg Apparel chains such as H&M, Zara and Forever 21 conquered the retail world by promising fast fashion: cheap, trendy and disposable. Yet there’s a growing number of consumers this holiday season who want just the opposite. Data shows that shoppers — especially millennials, the target market for fast-fashion companies — are increasingly looking for clothes made of higher-quality ...

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• 30 November

  GCC food imports expected to reach $53.1bn by 2020

  

    Abu Dhabi / Emirates Business Abu Dhabi based Jenaan Investment, is participating at SIAL 2016 which is being held at Abu Dhabi National Exhibition Centre (ADNEC) from December, 5-7. As an investment specialist within the agricultural value chain, Jenaan has a strategic objective to contribute positively towards the UAE’s food security, by investing in diversified types of agro-related projects, ...

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• 30 November

  Dubai Tourism welcomes ‘Celebrity Constellation’

  

    Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) in collaboration with Celebrity Cruises, commemorated the inaugural visit to Dubai of Celebrity Constellation during her maiden voyage in the region. Marking the occasion at a welcome reception, held at Dubai Cruise Terminal in Mina Rashid were Jamal Humaid Al Falasi, Director of Dubai Cruise Tourism, ...

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• 30 November

  Etihad announces winners of ‘Hackathon’

  

    Abu Dhabi / Emirates Business Etihad Aviation Group awarded the winners of a special ‘Hackathon’, which it hosted in partnership with Cognit, a joint venture between Mubadala and IBM Watson, as part of the UAE’s nation-wide Innovation Week celebrations last week. The Hackathon, which took place at Etihad Airways’ state-of-the-art Innovation Centre, saw more than 20 computer science and ...

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• 30 November

  Curtains down on SLC’s art experiment, ‘identity’

  

    Sharjah / Emirates Business ‘Identity’, the Sharjah Ladies Club (SLC) art exhibition concluded this week. Organised by the Collage Talent Centre, SLC’s hive of creativity and learning, the showcase featured a collection of crafts and artwork imbued with the spontaneity and creative personalities of the Talent Centre’s young female artists aged 6 years and above. The exhibited artworks featured ...

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• 30 November

  UAE NRIs appetite for premium homes in India on rise

  

    Dubai / Emirates Business In a survey conducted amongst 15,000 expatriate Indians in UAE by Sumansa Exhibitions, the organizers of the upcoming Indian Property Show, it was revealed that the appetite for premium and luxury homes amongst the UAE NRIs has risen considerably. Whereas last year only 11 percent people were interested in buying a home in the range ...

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• 30 November

  Behind Rupee ban, Modi’s plan to remake Indians

  

    Back in 2014, Narendra Modi’s landslide victory was hailed by columnists in the Wall Street Journal and the Financial Times, who predicted that he would prove to be India’s Ronald Reagan or Margaret Thatcher, modernizing India’s economy with a revolutionary program of deregulation and privatization. Abruptly withdrawing more than 80 percent of the cash in circulation in India, Modi ...

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• 30 November

  Oil’s ending will be more Bollywood than Hollywood

  

    Oil forecasters no longer project a Hollywood ending for crude. These days, it’s more of a Bollywood ending. We wrote here about the torch of oil demand being passed from the industrialized world to emerging markets, especially China, in the past decade or so. Equally as important: The same trend can be seen in forecasts for future oil demand. ...

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• 30 November

  No, Greece isn’t ‘crying wolf’ on debt relief

  

    Paul Kazarian says he’s spent “tens of millions of dollars” mobilizing a team of a hundred analysts to scrutinize Greece’s assets and liabilities. According to him, everyone else — including the International Monetary Fund, the credit-rating agencies, the European Union and the Greek government itself — is massively overstating the problem of the nation’s debt burden relative to economic ...

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