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UAE opens up 13 sectors to 100% foreign ownership; Chopard revealed its new iconic sports watch; Walter Lange Watchmaking Excellence Award 2019
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Market News
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UAE opens up 13 sectors to 100% foreign ownership
The UAE Cabinet approved 100 per cent foreign ownership in 13 sectors and across 122 economic activities. The 13 sectors include space, renewable energy, manufacturing industry and agriculture, among others. There are a range of economic activities including power transformers, solar panels and hybrid power plants covered under the new ruling. According to the state news agency WAM, the UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, also said that the foreign ownership will apply to transport and storage, allowing investors to own projects in the field of e-commerce transport, supply chain, logistics, and cold storage for pharmaceutical products. |
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Chopard revealed its new iconic sports chic watch
Chopard revealed its new iconic sports chic timepiece collection last week, the three generations of the Scheufele family welcomed some 40 international journalists from across the globe to secretly reveal their new milestone creation in the beautiful surroundings of the Alps Mountain.
"Stay tuned for more details in October”.
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Company News
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Walter Lange Watchmaking Excellence Award 2019
At the tenth round of the A. Lange & Söhne talent competition eight young watchmakers from five countries are participating in this year’s Walter Lange Watchmaking Excellence Award competition. After a three-day workshop programme, they returned home with an exciting assignment: to craft a retrograde display. They can take seven months to complete the project. Exploring precision watchmaking artistry with curiosity and enthusiasm: this is the objective of the Walter Lange Watchmaking Excellence Award introduced in 2010. |
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ONLY WATCH unveils the 50 unique watches that will be auctioned
Under the High Patronage of H.S.H. Prince Albert II of Monaco and due to the initiative of Luc Pettavino, President of the Association Monégasque Contre les Myopathies, ONLY WATCH is proud to unveil the names of the 52 watch brands participating in the 8th edition of the biennial charity auction benefitting research on Duchenne muscular dystrophy, as well as the 50 watches that will be auctioned. This unprecedent watch collection will be exhibited to the public in Dubai between 1 – 3 October 2019 and Saturday 9 November - 2pm (utc+1) in Geneva at the four seasons hotel des bergues. |
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OMEGA awards the winners of the Stephen Hawking Medal for Science Communication
The Swiss watchmaker OMEGA has awarded four unique Speedmaster watches to the winners of this year’s Stephen Hawking Medal for Science Communication at the 2019 Starmus V Festival in Zurich, Switzerland. The Stephen Hawking Medal for Science Communication is one of the world’s most celebrated science communication awards. With its partnership of the Starmus Festival, OMEGA is proud to align itself with the prize and contribute specially crafted timepieces for the annual winners. |
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Panerai opens its second boutique in Dubai at the Mall of the Emirates
Panerai, the Florentine high quality sports watch brand, has opened its second boutique in Dubai at the renowed shopping destination Mall of the Emirates. With an area of 35 square metres, the new outlet displays the four collections of the brand to enthusiasts and collectors. The boutique remains consistent to the concept of Panerai boutiques worldwide. An intimate space for clients to unwind and appreciate the Panerai novelties and collection is provided to offer consumers with luxurious and exclusive shopping environments. |
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Chopard stages a stylish inauguration of its new flagship boutique on Bond Street
Chopard Co-Presidents Caroline and Karl-Friedrich Scheufele inaugurated the new Chopard flagship store, surrounded by many celebrity friends of the Maison including Marion Cotillard, Julianne Moore, Christoph Waltz, Colin Firth and Araya Hargate. A celebration that was all about sustainability, thus reflecting Chopard's Journey to Sustainable Luxury. |
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Z7 Communications reappointed to represent Dunhill across the Middle East
Z7 Communications has announced its re-appointment as the representative for Dunhill across the GCC. Dunhill London is a leading British luxury menswear brand with a global retail and digital presence, established in 1893 by Alfred Dunhill. Dunhill creates design driven with style, substance and purpose; engineering unique and stylish luxuries for men. After the successful relaunch of the Dubai Mall store, Z7 Communications is now Dunhill’s chosen partner for all communications and strategic partnerships in the Middle East. |
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Product Launch
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Franck Muller introduces Vanguard Encrypto Limited Edition
Franck Muller is proud to introduce the Vanguard Encrypto limited edition, the world's first functional Bitcoin watch. The Vanguard Encrypto was launched in partnership with cryptocurrency trading platform Regal Assets and bears a Bitcoin logo and a QR code of Bitcoin’s genesis block. The Vanguard Encrypto timepiece includes a QR code on the dial for the public wallet address and a USB stick in order to store the private key separately and ensure a secure process. Each timepiece comes as two piece “Deep Cold Storage” set. |
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Tambour Slim Rainbow by Louis Vuitton
For Autumn-Winter 2019, Virgil Abloh, Artistic Director of the Louis Vuitton Men's Collections, takes us to the incandescent streets of New York with a combination of design and street art. A blend of colours contrasts brightly against the black background of the accessories. Similarly, the new Tambour Slim Rainbow dons an entirely black case with PVD coating. The dial of the Tambour Slim Rainbow watch has been hand-decorated by one of the craftsmen from La Fabrique du Temps Louis Vuitton using the transfer method. |
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Casio Middle East launches the G-Shock GA-2000 Military Color Series
Casio Middle East has launched the G-Shock GA-2000 Military Color Series, a new line of military design inspired models with three vivid colorways. The engaging new range has been dubbed as the most affordable G-Shock line to make use of the carbon core guard case design and also the first to feature a quick-release band. The GA-2000-2A comes in the traditional Navy colours of blue and gold, while the GA-2000-3A bears an olive-green colour that matches woodland environments. Lastly, the GA-2000-5A is presented with a main colour that blends harmoniously with woodland and desert environments. |
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Walteri launches its new collection of innovative watch named after the 7 world’s happiest cities
The exclusive Walteri collection of customizable watches was launched in Dubai. They’ve named the sets after the world’s happiest cities – New York, Paris, London, Tokyo, Sydney, Miami, and Dubai – to represent the unique vibe each of these buzzy locations invokes. Mix and match between 7 different sets, 2 dials, and 25 strap colors, to get a look that perfectly suits, and with a clever, quick release Nato strap system, it takes only 5 seconds to change the style. |
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Exhibitions & Events
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India as KP Chair 2019: Kimberley Process Intercessional meeting concludes successfully
India, as the KP Chair for 2019, successfully hosted the KP Intersessional meeting in Mumbai. The meeting which started on 17th June concluded on 21st June 2019. The Kimberley Process Certification Scheme (KPCS) Intersessional Meeting 2019 is an annual mid-year event of KPCS – a tri-partite mechanism that unites participating governments, diamond industry and civil society. Mr. Alok Vardhan Chaturvedi, KP Chair and Director General of Foreign Trade (DGFT) hosted and addressed over 200 KP delegates from 82 countries. |
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