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SAUDI ARABIA BREAKING NEWS
Luxury sales fall in Dubai and Abu Dhabi as Iran conflict hits Gulf demand
People shop ahead of the holy month of Ramadan at the Mall of the Emirates in Dubai, United Arab Emirates, March 22, 2023. REUTERS RIYADH/DUBAI, April 13 - Sales at Europe's biggest luxury brands have fallen sharply in Dubai and Abu Dhabi as the Iran conflict disrupted what had been one of the industry's fastest-growing markets, in the latest setback for the $400 billion global luxury sector. Sales at the Mall of the Emirates in Dubai fell 30% to 50% in March from a year earl
Apr 141 min read
Ferrari Slides 16% on 2030 Targets; EV Tech Unveiled
📷 A Ferrari worker inspects a car inside the company's factory in Maranello, Italy, October 2, 2025. REUTERS/Remo Casilli Milan, October...
Oct 9, 20252 min read
Porsche Shares Drop 7% as EV Rollout Delays Slash Profit Outlook; Volkswagen Warns of €5.1B Hit
📷 The Porsche logo is displayed on a vehicle at the exhibition pavillion for Porsche, on the day of the IAA auto show in Munich,...
Sep 23, 20252 min read
Sotheby’s to Hold First Luxury Marquee Auctions in Abu Dhabi This December
📷 Life's a beach: the St. Regis Saadiyat Island Resort will form the backdrop of the auctions. Courtesy Sotheby's. Abu Dhabi, August...
Aug 31, 20252 min read
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