Life & Style » Luxury

Luxury

Luxury labels focus on lower-priced goods to appeal to middle-class shoppers

PARIS: Confronting a broad decline in demand for their usual fare, including $3,000-and-up handbags and...

Published 20 Dec, 2024 02:02pm

Currency

As bitcoin soars, luxury brands consider accepting crypto payments

PARIS: Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further...

Updated 18 Dec, 2024 03:26pm

Luxury

Local in focus: 5 bridal designers on our radar

With wedding season underway in full force in Pakistan, event planners, florists, photographers and designers are...

Updated 17 Dec, 2024 06:51pm

MENA

Walmart to Gulf Royals: world’s richest add $2trn to their wealth in 2024

The owners of US retail chain Walmart – The Walton family – topped Bloomberg’s annual ranking of the world’s...

Published 16 Dec, 2024 04:58pm

Real Estate

Dubai’s real estate sector is evolving, moving towards ‘branded residences’

Dubai’s recent crown as the ‘global leader in branded residences’ is also accompanied by high occupancy level in...

Published 13 Dec, 2024 06:29am

Arts

The $6.2 mn banana: Sotheby’s auctions controversial artwork

A banana duct-taped to a wall sold to a cryptocurrency entrepreneur

Updated 21 Nov, 2024 03:13pm

Real Estate

Why Dubai’s current real estate boom is here to stay

Knight Frank official says buying patterns point towards genuine end users rather than speculative investors

Updated 20 Nov, 2024 05:34pm

Luxury

Louis Vuitton opens bold pop-up store on NYC’s Fifth Avenue

Five-story location houses a cafe and chocolate shop

Updated 16 Nov, 2024 05:38pm

Luxury

Diamond necklace linked to Marie Antoinette sells for $4.8 million

GENEVA: A diamond-studded necklace thought to be linked to a scandal that hastened the downfall of the doomed 18th...

Published 14 Nov, 2024 02:22pm

Luxury

Global luxury sales to fall 2% in 2024, among weakest years on record, Bain says

MILAN: Sales of personal luxury goods are set to fall 2% this year, making it one of the weakest on record, with...

Published 13 Nov, 2024 07:17pm

MENA

Dubai real estate developer DAMAC Properties launches luxury airline

DAMAC Air will offer journeys to coveted tropical destinations like Bali, Hawaii, and Maldives

Published 11 Nov, 2024 04:13pm

Luxury

Diamond necklace allegedly linked to Marie Antoinette’s demise up for auction

GENEVA: A diamond-studded necklace thought to be involved in a scandal that led to the eventual downfall of the last...

Published 08 Nov, 2024 02:04pm

MENA

Dubai Real Estate Sector Strategy 2033 aims for AED 1 trillion market valuation

Dubai Land Department launched the Real Estate Sector Strategy 2033 on Tuesday, targeting doubling the sector’s GDP...

Published 30 Oct, 2024 10:39pm

Luxury

Hermes defies luxury slowdown, reports strong sales

PARIS: French luxury group Hermes posted Thursday a jump in third quarter sales, bucking the overall gloom in the...

Published 24 Oct, 2024 04:41pm

Movies & Music

Bollywood actor Sonam Kapoor named new Dior brand ambassador

French luxury brand Christian Dior has named Bollywood actor Sonam Kapoor as Brand Ambassador, it was announced on...

Updated 23 Oct, 2024 04:45pm

Luxury

Luxury brand Chanel to sponsor Oxford and Cambridge Boat Race

LONDON: French luxury brand Chanel will sponsor Britain’s historic Oxford and Cambridge Boat Race next year in the...

Published 22 Oct, 2024 05:41pm

Luxury

Prices from $41,243 to $88,378: Patek Philippe’s first new collection in 25 years

Patek Philippe released a new collection, the Cubitus, announced the luxury Swiss watchmaker earlier, a development...

Published 22 Oct, 2024 05:15pm

MENA

Global rich are picking Dubai’s luxury real estate over a volatile stock market

City is already considered 'safe haven' for wealthy individuals amid global economic fluctuations and political uncertainties

Published 09 Oct, 2024 08:08pm

Travel

Cipriani demands Venice tackle speeding boats and ‘damaging waves’

ROME: The owner of Harry’s Bar, a Venetian bar and restaurant frequented by Ernest Hemingway, has filed a legal...

Published 02 Oct, 2024 02:27pm

Luxury

Louis Vuitton shows flouncy, layered looks at the Louvre for Paris Fashion Week

PARIS: Louis Vuitton womenswear designer Nicolas Ghesquiere showed a lineup of layered looks with short, flouncy...

Published 02 Oct, 2024 02:16pm

Luxury

Victoria Beckham shows breezy, minimalist dresses at Paris Fashion Week

PARIS: For the spring-summer collection of her namesake label, Victoria Beckham showed a line up of minimalist...

Published 28 Sep, 2024 04:41pm

Arts

Van Gogh painting set to break Asia record in Hong Kong auction

HONG KONG: A Vincent van Gogh painting displaying the artist’s shift from dark realism to vibrant impressionism...

Published 26 Sep, 2024 09:14pm

Luxury

Dior’s arrows and Amazons as Saint Laurent revives its master

PARIS: Dior gave Paris Fashion Week a shot of Olympic adrenaline on Tuesday with a troop of athletic Amazons...

Published 25 Sep, 2024 07:28pm

Luxury

Rolex begins selling used watches, but at a premium

Luxury Swiss watchmaker moves into the 'certified pre-owned' market

Published 24 Sep, 2024 04:22pm

Luxury

Diamond necklace valued at up to $2.8mn heads to auction

LONDON: A rare diamond necklace with possible links to former French queen consort Marie Antoinette is to be...

Published 24 Sep, 2024 03:09pm

Luxury

Musical chairs at top as Paris Fashion Week starts

PARIS: Paris Fashion Week starts Monday in a swirl of rumours of musical chairs at some of the sector’s most fabled...

Published 23 Sep, 2024 04:58pm

Luxury

China-EU trade spat’s next swipe may hit LVMH

LONDON: Few Western corporate chieftains command as much attention in China as Bernard Arnault. The 75-year-old boss...

Published 23 Sep, 2024 01:56pm

Luxury

Versace’s Milan show aims for ‘optimism and joy’ with colourful prints

MILAN: Presenting a playful and colourful collection of mismatched prints, Italian designer Donatella Versace said...

Published 21 Sep, 2024 07:10pm

Luxury

Harrods’ ex-owner Al Fayed raped, assaulted staff over decades, lawyers say

LONDON: The late Egyptian billionaire Mohamed Al Fayed sexually abused female staff at his London department store...

Published 21 Sep, 2024 07:08pm

MENA

Wealth migration: Dubai, Abu Dhabi among cities leading way for centi-millionaire growth

The Centi-Millionaire Report 2024 marked Abu Dhabi, Shenzhen, Austin, Taipei for high growth by 2040

Published 21 Sep, 2024 07:31am

Luxury

Harrods apologises for sex abuse allegations against former owner Mohamed Al Fayed

LONDON: High-end London department store Harrods has apologised over allegations its former owner, Egyptian...

Published 20 Sep, 2024 03:19pm

Luxury

World’s 50 best hotels 2024: Asia leads the way in hospitality

Capella Bangkok tops list, Dubai's Atlantis The Royal at 9th place

Published 19 Sep, 2024 06:30pm

Luxury

How migrant workers, including from Pakistan, suffered to craft the ‘Made in Italy’ label

Investigation exposes sweatshop-like conditions at Dior, Giorgio Armani

Updated 18 Sep, 2024 05:09pm

Luxury

LVMH names UK designer Sarah Burton Givenchy creative director

PARIS: French luxury goods company LVMH named on Monday Sarah Burton, the longtime-Alexander McQueen designer behind...

Published 09 Sep, 2024 02:17pm

Luxury

Ralph Lauren takes fashionistas to the Hamptons for spring show

BRIDGEHAMPTON, New York: Veteran designer Ralph Lauren chose the upscale Hamptons seaside resort for his Spring 2025...

Published 07 Sep, 2024 03:52pm

MENA

Burj Azizi: Dubai set to see ‘world’s second-tallest tower’

Luxury building is slated for completion in 2028

Published 05 Sep, 2024 04:39pm

Luxury

One of the world’s largest diamonds found in Botswana

GABORONE, Botswana: One of the world’s largest diamonds ever unearthed – a rough 2,492-carat stone – has been found...

Published 22 Aug, 2024 05:35pm

Luxury

Mukesh, Isha Ambani strengthen Reliance Retail with INR1bn Kiko Milano acquisition

Mukesh Ambani and Isha Ambani have further strengthened Reliance Retail’s position in the beauty sector with the...

Updated 21 Aug, 2024 07:51pm

Luxury

Crown Prince to build Louvre of Saudi Arabia featuring $450mn Leonardo da Vinci: report

Saudi Arabia is planning to build a version of the Louvre museum in Riyadh, according to a new BBC documentary on...

Published 20 Aug, 2024 06:54pm

MENA

Dubai leads the way as GCC retail spending set to hit $300bn by 2028

Emirate ranks second to New York City in terms of retail spend per capita

Published 17 Aug, 2024 08:00am

Luxury

Jewels stolen in Germany’s Green Vault heist back on display

DRESDEN, Germany: Nearly five years after millions of euros’ worth of jewellery was stolen in a museum heist in...

Published 15 Aug, 2024 02:31pm

Luxury

Jeweller’s eye-popping watch is love letter to Albania

TIRANA: Albanian jeweller Pirro Ruco laboured day and night for five years to capture the essence of his country in...

Published 08 Aug, 2024 11:26pm

Luxury

LVMH’s Dior lagged on anti-slavery and sustainability certification

PARIS: LVMH’s second-largest fashion brand Dior was until last month behind on disclosures required by UK law about...

Published 06 Aug, 2024 01:50pm

Luxury

Sotheby’s bets on Chinese spending with Hong Kong retail outlet

HONG KONG: Sotheby’s embarks on a new kind of selling in Hong Kong on Saturday, with its first retail outlet,...

Published 26 Jul, 2024 02:38pm

Luxury

Jennifer Lopez wears custom Manish Malhotra for Bridgerton-themed birthday

Indian couturier opened first global flagship in Dubai last year

Updated 25 Jul, 2024 03:44pm

Luxury

LVMH sales miss estimates as Chinese market slows

PARIS: LVMH sales growth slowed in the second quarter as Chinese shoppers reined in spending on high-end fashion at...

Published 24 Jul, 2024 02:49pm

Luxury

Golden rule: Why younger investors are drawn to gold

NEW YORK: What asset class do millennials and Gen Z investors both want to own? Here is an answer you may not have...

Published 19 Jul, 2024 02:09pm

Luxury

Richemont: luxury group in sights of LVMH’S Arnault?

ZURICH: The Swiss luxury group Richemont, which owns Cartier and other jewellery brands, is regularly the subject of...

Published 18 Jul, 2024 06:05pm

Luxury

Prices for Rolex, Patek Philippe extend decline, down 23% over 2 years: report

Prices for Rolex, Patek Philippe and Audemars Piguet are down an overall 23% as they slipped on the secondary market...

Published 12 Jul, 2024 05:56pm

Luxury

Lavish Indian wedding for the Ambani family to snarl Mumbai traffic

MUMBAI: When the son of Asia’s richest person Mukesh Ambani gets married in Mumbai this week, traffic in a key part...

Updated 10 Jul, 2024 08:40pm

MENA

Dubai’s high-end property sales undented by drop in listings, consultancy says

DUBAI: The number of homes worth $10 million or more that were sold in Dubai held steady in the first half of the...

Published 08 Jul, 2024 10:09am

Luxury

Michelin Guide reveals 2024 Dubai list

New Michelin-starred restaurants include Row on 45, Orfali Bros, Smoked Room

Published 05 Jul, 2024 04:43pm

Luxury

Experience the Taj lifestyle: living in luxury and comfort

The Sardar Group of Companies has long been an innovator in Pakistan’s luxury real estate market. With the success...

Published 03 Jul, 2024 04:58pm

Luxury

Singapore retains title as the world’s most expensive city for second year in a row

Singapore retained its title as the world’s most expensive city to live extremely well in for the second year in a...

Updated 28 Jun, 2024 06:04pm

Luxury

‘Dubai’s residential property still relatively affordable compared to regional cities’

Global Wealth & Lifestyle Report 2024 says emirate's status as robust and stable economic hub make it attractive place of residence

Updated 28 Jun, 2024 05:48pm

Luxury

Handbags and ball gowns: Princess Diana finery goes under the hammer

BEVERLY HILLS, United States: The biggest auction of Diana memorabilia since the late British princess sold dozens...

Published 26 Jun, 2024 11:22pm

Luxury

Chanel shows at Paris Opera as it seeks new designer

PARIS: Chanel held its haute couture show on Tuesday just three weeks after the very abrupt departure of creative...

Published 26 Jun, 2024 05:20pm

Luxury

Dior nods to sports with jersey fabrics in Paris haute couture show

PARIS: Christian Dior designer Maria Grazia Chiuri nodded to sports with an haute couture runway show in Paris on...

Published 25 Jun, 2024 02:05pm

Movies & Music

Vogue World brings together fashion and sport in Paris

PARIS: Paris played host Sunday to an ultra-glitzy collision between fashion and sport as Vogue put on its latest...

Published 24 Jun, 2024 01:53pm

Luxury

Bugatti’s speedy hybrid has $4mn-plus price tag

PARIS: Supercar maker Bugatti on Thursday showed off its first hybrid car with a top speed of about 445 kilometres...

Updated 21 Jun, 2024 03:47pm

MENA

UAE to stay magnet for global millionaires third year in a row

The United Arab Emirates (UAE) is poised to stay as the world’s leading wealth magnet for the third year running,...

Published 20 Jun, 2024 08:12pm

Luxury

Ferrari’s first electric car to cost over $500,000

MILAN: Ferrari’s first electric car will cost at least 500,000 euros ($535,000), a source familiar with the matter...

Published 20 Jun, 2024 01:57pm

Luxury

Pharrell Williams kicks off Paris Fashion Week with Louis Vuitton show at UNESCO

PARIS: Louis Vuitton men’s creative director Pharrell Williams took to an outdoor, turf-lined runway at UNESCO...

Published 19 Jun, 2024 01:38pm

MENA

Supercar Blondie: a Dubai Lamborghini has broken the world record for most expensive online car sale

A 2015 Lamborghini Veneno Roadster has apparently set the record for the most expensive online car sold online,...

Published 14 Jun, 2024 05:10pm

Luxury

Ambani bride-to-be Radhika shares details of upcoming wedding events

The wedding will take place in Mumbai in July

Published 14 Jun, 2024 03:45pm

Luxury

US luxury travel agents so far see underwhelming demand for Olympics

NEW YORK: Luxury travel agencies in the United States are so far seeing lackluster demand for the Paris Olympics, as...

Published 13 Jun, 2024 05:09pm

Luxury

G7 to meet in luxury Italian oasis favoured by Madonna

ROME: A luxury southern Italian resort frequented by Madonna and Justin Timberlake will host the G7 leaders this...

Published 11 Jun, 2024 02:41pm

Travel

With thistles and tartan, Dior pays tribute to Scotland in cruise collection

LONDON: French fashion house Christian Dior paid homage to Scotland at a catwalk show in a Perthshire castle, with...

Published 05 Jun, 2024 03:39pm

Luxury

Macau casinos play best hands to win over premium customers

HONG KONG: A change in the type of customers coming to Macau has seen smaller casino operators MGM China and Wynn...

Published 04 Jun, 2024 02:30pm

MENA

‘Most visited place on earth’: Emaar announces AED1.5bn expansion for Dubai Mall

Dubai Mall – the “most visited place on earth” in 2023 – is set to undergo an AED1.5 billion expansion, which will...

Published 04 Jun, 2024 02:09pm

Luxury

Luxury influencers vanish from Chinese social media in wealth crackdown

SHANGHAI: Chinese social media censors have blocked multiple influencers known for showing off their lavish...

Published 28 May, 2024 04:51pm

MENA

Gold rush in Dubai continues to attract all nationalities including Pakistanis

As bullion prices hit record highs in recent weeks, retail demand may have dampened, but traders in Dubai are...

Updated 28 May, 2024 11:33am

Luxury

Wedding gift: Nita Ambani presents $80mn Dubai villa to Radhika Merchant

Nita Ambani, wife of Mukesh Ambani, has gifted an $80-million, luxury villa in Dubai to her daughter-in-law to be...

Published 27 May, 2024 07:19pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular