Business
– On Friday, oil prices increased sharply, with Brent crude reaching $110 a barrel for the first time since May. Concerns that rising Middle East tensions could tighten global supplies fueled the rally. Brent for December settlement rose $3.94, or
– During the first eight months of 2026, Egypt experienced a record-breaking inflow of $33.9 billion in remittances from Egyptians working abroad. The Central Bank of Egypt announced on Tuesday, October 13, that these inflows increased by 27.2% compared to
– Oman’s electricity generation grew by 4.3% year-on-year during the first eight months of 2026, reaching a total of 37,481.8 gigawatt-hours compared to 35,935.3 GWh in the same period of 2025. This increase of approximately 1,546.5 GWh was reflected in
– Through early October 2026, Indonesia experienced inflows of Rp131.1 trillion, approximately $7.33 billion, in foreign capital. Finance Minister Suahasil Nazara announced this figure during the government’s latest state budget briefing in Jakarta. The majority of foreign funds were directed
Luxury
Rolex introduces the latest addition to its esteemed collection with the unveiling of the new Oyster Perpetual Rolex Deepsea model. Breaking tradition, this iteration marks the first-ever presentation of the divers’ watch in 18 ct yellow gold. Sporting a distinctive 60-minute
The Rolex Oyster Perpetual Day-Date, a beacon of horological prestige, marries the elegance of 18 ct gold or 950 platinum with groundbreaking innovation. Since its launch in 1956, it has stood out as the first wristwatch to display both the date and
The 53rd edition of the Watch & Jewellery Middle East Show, unveiled its treasures on January 31st in Sharjah. This prestigious event, a collaboration between Expo Centre Sharjah and the Sharjah Chamber of Commerce and Industry, has become a beacon for luxury connoisseurs worldwide,
Porsche, the renowned sports car manufacturer, has teamed up with Frauscher Shipyard to unveil the 850 Fantom Air, their inaugural electric sports boat. Powering this maritime marvel is the drive technology slated for Porsche’s upcoming all-electric Macan. International media and enthusiasts recently
The Rolex GMT-Master II is making waves with its two latest versions – one in yellow Rolesor, a blend of Oystersteel and yellow gold, and another in 18 ct yellow gold. These timepieces debut a groundbreaking grey-black Cerachrom bezel insert, redefining the
In the world of luxury watchmaking, certain introductions set the bar higher. The Aquanaut Luce Annual Calendar Reference 5261R-001 is just that – a testament to Patek Philippe’s continued commitment to pushing the boundaries of innovation while maintaining an elegant touch. The