Ajman-based Gulf Craft, one of the world’s largest luxury ship builders, has appointed Gregory Yeakle to be their new Chief Executive Officer.
Since taking on the top job in 2010, Anan Fakhreddin, the CEO of Damas, has guided the company out of crisis and back to prominence.
Chalhoub Group operates in 14 countries with more than 600 retail stores, distributing the crème de la crème of high-end luxury brands.
Superyachts owners from the Middle East own the longest and most luxurious yachts in the world, according to the Superyacht Builders Association (SYBAss).
Global luxury brands should take advantage of evolving technological and consumer demands to help boost profits and remain competitive, says Deloitte.
The Gulf Cooperation Council countries dominate a new luxury spenders index created exclusively for The Wealth Report.
Fifty-nine per cent of luxury spenders in the MENA region are now choosing to spend more of their money on enriching experiences rather than goods.