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

In the face of a severe global recession, the world's 1,000 largest publicly traded corporate research and development spenders increased spending on R&D in 2008, affirming the critical importance of innovation to their corporate strategies, according to global management consulting

Standard Chartered has extended its online coverage of Gulf Cooperation Council (GCC) currencies to 24 hours daily from Monday to Friday. The extension applies to Dhs, SR, KD, BD, QR and OR currencies on Standard Chartered's proprietary request for quote

Rotana, the leading hotel management company in the Middle East and North Africa is in its final stage to open one of Dubai forthcoming landmarks, Rose Rayhaan by Rotana in mid December 2009.

Cathay Pacific Airways has launched its new service to Jeddah, Saudi Arabia's second major commercial city, with an inaugural flight landed in the King Abdulaziz International Airport (KAIA) in Jeddah at 8:19am Saudi Arabian time on 27 October 2009 G

HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs, recently met with International Monetary Fund's (IMF) delegation to advance Article IV consultations and review macroeconomic developments in UAE and the region.