An aggressive approach to marketing and development has enabled luxury Swiss watchmaker Hublot to ride the current economic downturn. Jean-Claude Biver, CEO, Hublot, talks to Phil Blizzard at 'Leaders in Luxury', Dubai about their philosophy and on the positioning of

Saudi Arabia's Tadawul index gained 0.95% to close on 6,343 today. The industrial investment category, up 1.94%, led all sectors. Overall, 72 stocks rose while 44 declined. Saudi Arabian Mining Company, Ma'aden, was one of the day's big gainers, up

In a major expansion spanning two months, Emirates will advance its footprint in Asia Pacific with planned capacity enhancements to Bangkok, Sydney, Manila and Jakarta. Starting December 2009, Emirates will introduce a fourth daily service to Bangkok, a third daily

Moody's Investors Service today lowered the credit rating of five Dubai-owned companies, citing tougher government criteria for supporting state-controlled entities. DP World, Dubai Electricity & Water Authority, and DIFC Investments had their ratings cut to A3 from A1. Jebel Ali

Ciena Corporation, the network specialist, today announced that it has commenced operations in the Middle East region, with Mashood Ahmad heading up the activity as Regional Managing Director.

GAC Group has established its latest base on the Svalbard archipelago in the Arctic Ocean, halfway between mainland Norway and the North Pole. The company has formed an alliance with local specialists, Pole Position Spitsbergen AS.

H.H. Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, today (November 4, 2009) inaugurated the Dhs100m glass processing facility of Global Glass Solutions (GGS), a leading designer, manufacturer and distributor of a diverse

Albert Haykal, vertical market leader- district cooling for Trane UAE and Gulf, will discuss the advantages for large chilled water district cooling plants of using series flow arrangement versus parallel arrangement during the upcoming Middle East District Cooling Summit at

Moody's Investors Service has downgraded various government-related issuers (GRIs) in Dubai, concluding a review initiated on 4 August 2009. The ratings remain investment-grade and are substantially above those that would be based on the entities' stand-alone credit quality.

Dubai Gold & Commodities Exchange today announced that 1,142,814 contracts, valued at $58bn, have been traded in 2009 as at November 2nd. This is a record volume for the exchange and surpasses the total volume of 1,142,293 contracts transacted in

Sharjah Commerce and Tourism Development Authority (SCTDA) has announced its participation for the sixth consecutive year in the World Travel Market exhibition, which will take place in London from 9-12 November 2009.

Horizon Draftfcb, the Middle East's leading advertising agency will unveil its new insight platform titled "matter(s)" on November 9, 2009. matter(s) is comprised of a website and a magazine that highlights emerging ideas in twelve different business categories across Europe

The Abu Dhabi Securities Exchange rose 0.10% today to close on 2,950, led by the real estate sector, which gained 0.89%. The health care sector saw the largest decline, down 4.61%. Gulf Cement was the best performing stock on the

Telecom operators in the Middle East and North Africa (MENA) region have yet to fully realize how much energy and carbon management will positively impact their future growth, according to a report released by Dubai Internet City, the region's largest

Rival pirate groups have reportedly fought over the custody of old British couple who were kidnapped nearly two weeks ago off the coast of East Africa and currently held near a Somali coastal town.

Hundreds of port workers in the Somalia's restive capital have staged demonstrations against closure of the port activities over dispute between Somali government and the business community, workers and officials said.

Residents of central Somali village of Bahdo in Galgudud, some 125-miles northeast of the notorious pirate haven of Haradheere, have reportedly clashed with Somali pirates holding a UK couple.

The government has come up with two very important measures to improve on infrastructure.