Thursday, June 4, 2015

Data is key: How luxury brands can survive in today’s market, 550 hotels under construction in Saudi Arabia

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Finance and Economy
Data is key: How luxury brands can survive in today's market
The opening session of arab luxury world 2015 explored the measures that brands should adopt to prosper in an unstable economic climate, especially with Russian and Chinese tourists pulling back from markets like the Middle East and Europe.
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Jordan economy steadily, slowly recovering from regional upheaval
Jordan's economy will continue to recover from the ramifications of the Arab Spring at a steady but slow pace and the real gross domestic product is projected to grow by 3.5 per cent in 2015.
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Egypt's petroleum exports increase by 10.8 per cent in March
Egypt's petroleum exports increased by 10.8 per cent in March 2015 to EGP2.216 billion, compared with EGP2bn in February, reveals new statistics.
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Energy
Iraq achieves self-sufficiency in production of liquid gas
Iraq has achieved self-sufficiency in the production of liquid gas that is often provided for citizens' home use, says oil minister Adil Abdul-Mahdi.
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Egypt extends Mediterranean gas exploration tender by two months
Egypt has extended its tender for natural gas exploration in the Mediterranean Sea by two months with the addition of four new blocks, the state gas board said on Tuesday, as the country seeks to boost domestic energy production.
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Kurdistan's daily exports of oil reach 562,000 barrels in April
The Kurdistan region in Iraq said that it has delivered to the Iraqi government 562,000 barrels of oil a day during April, as agreed upon in an agreement in December last year between Kurdistan's local government and the federal government in Baghdad.
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Real Estate
Oman launches new luxury hotel projects worth $3.3 billion
Oman's tourism ministry has launched new luxury hotel projects worth $3.3 billion in various parts of the sultanate to meet the growing tourist needs.
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550 hotels under construction in Saudi Arabia

Experts and specialists in the Saudi tourist accommodation sector forecast that Saudi hotel brands are planning to increase their investments and expand outside the Kingdom through franchising, reports Saudi-based Al-Hayat.
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     News
arab luxury world 2015 discusses "Use and Abuse of Social Media"
Arab luxury world, the key annual regional conference on the business of luxury, opened the doors to its second edition today. The two-day annual event serves as a successful platform for members of several sectors from the luxury industry to interact, share and exchange knowledge as well as insights.
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The consumer journey at Arab Luxury World 2015
Arab Luxury World 2015 wraps up day one with a few final talks, one of which was presented by Havas LuxHub's global CEO, Isabelle Harvie-Watt, who speaks on the "Arabian Luxury Consumer Journey."
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A bright future for connected cars
Qualcomm Technologies and Daimler AG have announced a collaboration to launch a connected car, which is exciting news indeed for discerning motor-heads.
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Dubai leads top 10 global cities for investment
Dubai is now leading a list of the 10 best cities among emerging economies for launching investments, while Turkey's Istanbul has been ranked second, according to a recent Euromonitor International index.
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