US EditionLuxury sector pins hopes on Middle East despite clouds from conflict
14 Articles
14 Articles
Channel News Asia
Luxury sector pins hopes on Middle East despite clouds from conflict
PARIS : With Middle East airspace reopening and the U.S.-brokered ceasefire between Israel and Iran appearing to hold, the luxury sector is still counting on the region's wealthy shoppers to help offset weakness in its main U.S. and Chinese markets - for now. The Middle East, helped by strong tourist flo
Middle East remains reliable spot for luxury fashion industry
The luxury industry continues to rely on the Middle East’s affluent consumers to help counteract weakening in its primary US and Chinese markets, as Middle East airspace reopens and a ceasefire between Israel and Iran mediated by the United States seems to hold. The Middle East has escaped a recent global slowdown in luxury sales, […] The post Middle East remains reliable spot for luxury fashion industry appeared first on Apparel Resources.
The uncertainty triggered by the Israeli-Iranian war in the Arab Gulf region seems to be over. Golf exchange rates are recovering, new asset managers are entering the race for returns. Among them is a well-known developer of luxury properties in Dubai.
Ceramics, Machinery and Furniture, Valencian Sectors Most Exposed to the Conflict in the Middle East
Valencian exports to these markets exceed 400 million until April, 7.6% more, according to Cámara Valencia
Coverage Details
Bias Distribution
- 67% of the sources are Center
To view factuality data please Upgrade to Premium
