LVMH explores potential takeover of Tiffany, no response yet

Paris:  French luxury giant LVMH said on Monday it was in preliminary talks to take over US jewellers Tiffany but there was “no certainty” that they would be successful. A source told AFP at the weekend that LVMH had made a bid for Tiffany, but that the iconic US company had yet to respond to […]

Abu Dhabi real estate show aims to put a bright spot on property market

Abu Dhabi: Amid a slowdown in the real estate market, the 11th edition of the International Real Estate and Investment Show (IREIS) is looking to send a positive signal on Abu Dhabi’s property market, as it aims to attract both investors and consumers. Taking place from October 30-November 1 at the Abu Dhabi National Exhibition […]

Saudi investment forum set for strong showing

Riyadh: Around 300 global senior officials, executives and business moguls have confirmed participation in a major investment forum opening on Tuesday in the Saudi capital Riyadh, the organiser has said. The participants in the three-day Future Investment Initiative (FII), also known as the Desert Davos, come from 30 countries, the Public Investment Fund, Saudi Arabia’s […]

Jaguar unveils its first virtual all-electric sportscar

Jaguar has unveiled an all-electric virtual sports car – the Vision Gran Turismo CoupĂ© – as part of the line-up for the popular Gran Turismo Sport video game series. The electric GT CoupĂ© has been designed and developed from the ground up as an all-wheel drive race car with design inspiration taken from iconic Le […]

Abu Dhabi billionaire considers IPO of Neopharma

Abu Dhabi: Abu Dhabi billionaire Bavaguthu Raghuram Shetty, the founder of two London-listed companies, is considering selling shares in his pharmaceuticals business. “It makes sense to take it down this path where an IPO as an option is a good thing,” said Binay Shetty, chief executive officer of BRS Ventures. Work on the potential share […]