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Luxury sector pins hopes on Middle East despite clouds from conflict

Despite global luxury market slowdowns, the Middle East remains a bright spot, fueled by tourism and local wealth, with sales up 6% last year. Recent tensions between Israel and Iran caused temporary disruptions, but optimism persists. Luxury brands are expanding in the region, banking on its resilience and strategic importance as a travel hub, though caution among travelers has increased.

from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/apparel-fashion/luxury/middle-east-luxury-sales-surge-amid-global-economic-challenges/122197376
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