UAE leads Arab World in Global Innovation Index, jumps 6 places in global ranking; Dubai private sector output and employment surged in July; A. Lange & Söhne presents the new SAXONIA MOON PHASE

Market News

UAE leads Arab World in Global Innovation Index, jumps 6 places in global ranking

While the UAE targets top 10 countries in Global Innovation Index by 2021 it has scored a significant improvement in its innovation standing on the 2016 Global Innovation Index which was officially launched in Geneva, Switzerland.

The UAE came first among Arab countries and 41st worldwide in terms of overall performance on the index, up from second in the Arab World and 47th globally in 2015.

This year’s Global Innovation Index measured the performance of 128 countries and economies in the area of innovation which represents the majority of the global workforce and global GDP. The 2016 index is based on 82 sub-indices which measure innovation in detail and provide a clear understanding of how it drives economic growth and prosperity.

The index results attributed the outstanding progress made by the UAE this year to its sustainable achievements in innovation inputs, especially the strengthening of institutions and market sophistication. The UAE has one of the best political and legislative environments in the world along with outstanding development in information technology, communications, infrastructure and innovation linkages.

Dubai private sector output and employment surged in July

The Emirates NBD Dubai Economy Tracker Index (DET) rose further in July to reach 55.9, the highest reading since March 2015 signalling a positive start to the third quarter of 2016.

The rise in the DET in July was largely driven by faster growth in output and new work, with both these indices posting readings above 60 last month. Employment increased in July but at a relatively modest pace.

Steeper growth of incoming new business was the key factor behind the positive performance recorded in July. The latest expansion of new orders was the fastest since March 2015. Meanwhile, private sector companies remain confident about the year-ahead business outlook, although the degree of optimism eased since June in all three key sub-sectors.

Company News

A. Lange & Söhne presents the new SAXONIA MOON PHASE

A. Lange & Söhne reveals The SAXONIA MOON PHASE, The deep blue hue of the solid-silver lunar disc is the result of a patented coating. Its 852 stars are cut out with a laser beam. The outsize-date display in the gold-framed twin aperture visually counterbalances the subsidiary seconds dial that also incorporates the moon-phase display.

Tiffany unveils CT60® Dual Time timepiece

Tiffany & Co., introduces the Tiffany CT60® Dual Time timepiece inspired by the pace and energy of New York City, the Tiffany CT60® Dual Time features a second time zone with red accents that allow the wearer to easily differentiate between day and night. Other handcrafted details include a 40 mm case of rose gold or stainless steel, a dial with white soleil finishing and gold poudré numerals, and black alligator strap; or a stainless steel case and bracelet, a dial with blue soleil finishing and gold poudré numerals. Both versions feature sapphire crystal glass (front and back).

Chopard’s Red Carpet collection at Ralph & Russo couture show

Ravishing beauty Shanina Shaik - herself a bride-to-be - closed the Ralph & Russo couture show for A/W 2016-17 in a white tulle fishtail gown with silk organza cocoon cape. Amplifying this couture magnificence, a lace flower brooch from Chopard’s Red Carpet collection diamonds set in white gold) adorned the base of the tulle veil.

Mouawad’s charity initiative launches in the Kingdom of Saudi Arabia and opens a new Boutique in Riyadh

Mouawad has respectfully decided to first give back to the region that has supported them since 1950: the Kingdom of Saudi Arabia. Mouawad supports disabled children through the sale of specially-made bracelets. Mouawad’s global ‘Hand in Hand’ initiative sees each purchase of a custom designed bracelet making a precious difference to a child’s life.

Also Mouawad opened a glittering new boutique at the Kingdom Centre in Riyadh, Saudi Arabia. The new showroom located on the first floor of Kingdom Centre. Visitors to the Kingdom Centre boutique can look forward to the stylish elegance of distinctive décor in the Mouawad corporate colors of grey and gold.

Piaget Hamptons Cup 2016

For the fifth year in a row, Piaget celebrates the thrilling sport of polo at the Equuleus Polo Club where the 2016 Piaget Hamptons Cup took place. Polo patrons and event co-chairs Joe and Diana DiMenna along with polo superstar, Nacho Figueras, hosts an exhibition match alongside the Maison to benefit Robin Hood, New York City’s largest poverty-fighting organization. Thomas Bouillonnec presented the winning team with beautifully engraved silver plates and the Piaget Perpetual trophy.

TAG HEUER opens its newly imagined flagship store in Sydney

TAG Heuer re-opens its Sydney Flagship store at its landmark Pitt Street Mall address. With the newly refurbished store, TAG Heuer takes the opportunity to present, for the very first time globally, its new retail design concept. TAG Heuer friends of the brand, Jamie Durie and Torah Bright helped to officially open the boutique, cutting the ribbon alongside TAG Heuer’s General Manager for Australia, Pierre Blouin.

Product Launch

Montblanc honors the Bard with William Shakespeare edition Pens

Montblanc tributes the Bard with its Writers Edition William Shakespeare pen. The special edition utensil features a black and white precious resin combination on the cap and barrel, which pays homage to the flags flown above Shakespeare’s theater. Additionally, the unique feather-like pattern draws from the look of a quill pen the iconic writer is said to have used. In addition to obvious style elements meant to honor the famous author, each pen also sports a Tudor-era design element in blue, black, gold, or royal red.

Pocket Plein Cuir watch by Hermès

The Pocket plein cuir is powered by the Manufacture Hermès H1912 movement crafted in Switzerland. The special ‘sprinkling of Hs’ motif adorning this mechanical self-winding calibre is visible through a transparent sapphire crystal case-back. This generous 54mm-diameter model complemented by a white gold bow is available in three colours: burgundy, elegant grey and sapphire blue. The dial is white enamel. Black enamel transferred Roman numeral.

Ralph Lauren introduces Deco Diamond timepieces

Ralph Lauren continues his dedication to haute joaillerie with two new art deco–inspired diamond timepieces for 2016: The Ralph Lauren RL888 Deco Diamond and the Ralph Lauren 867 Deco Diamond. Each timepiece celebrates the design codes of Ralph Lauren’s RL888 and 867 collections, with a bold mix of Roman and Arabic numerals, vertical Côtes de Genève and grand feu enamel artwork. Only a single RL888 Deco Diamond will be produced and, signifying its status as an one-of-a-kind high jewelry timepiece, the back of its case will be hand-engraved with “unique piece.” The 867 Deco Diamond will be produced in a limited run of eight timepieces each hand-engraved with its own number designating the order of production.

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