logo
Dubai Watch Week Announces Show Dates For Open-To-The Public Event

Dubai Watch Week Announces Show Dates For Open-To-The Public Event

Forbes11 hours ago

The Horology Forum, with multiple round table discussions, is a big part of Dubai Watch Week.
It is a big year for Dubai Watch Week, one of the largest independently run regional watch shows in the world. Founded and operated by watch retailer Ahmed Seddiqi, the show celebrates 10 years of existence this year. To mark its growth, the venue is moving to a much larger 200,000-square-foot space more centrally located (than the previous financial district) in the city and increasing the number of exhibitors by 46 percent to a massive 90 brands. The show organizers are also reformatting its classes, immersive programs, round table discussions and other aspects.
The change coincides with the 75th anniversary of Seddiqi retail stores, which was founded in 1950, even before the UAE was formed. Since its inception, the family-owned business has steadily built its reputation as leaders in the luxury watch and jewelry world. Four generations later, just in time for the 75th anniversary, Ahmed Seddiqi is launching a refreshed marketing concept and campaign. The company has built up from a single location in 1950 to 40 stores across the UAE in 2025.
The new Ressence watch created to honor 75 years of Ahmd Seddiqi features a dial made from sand from ... More each of the seven Emirates.
Additionally, Ahmed Seddiqi is partnering all year long with various watch brands for special, commemorative editions – many of which will be on display during the show. In fact, just this past week, Belgian watch brand Ressence unveiled its Type 9 S75 limited edition watch created in partnership with Ahmed Seddiqi for the anniversary. It features a dial filled with sand sourced from the dunes of all seven Emirates of the UAE. Just 20 pieces will be made.
Dubai Watch Week offers immersive classes and programs.
DWW 2025
The 7th edition of the show (it is not an annual event) will take place at the Burj Park at Dubai Mall, under the patronage of Sheikha Latifa Bint Mohammed, Chairperson of the Dubai Culture & Arts Authority (partner of DWW). In addition to dedicated space for globally renowned brands, the organizers are setting space for many micro and independent brands to offer its clients and visitors depth and variety.
The previous event, which took place in November of 2023, attracted 23,000 visitors from around the world. That number is expected to increase exponentially now that the show has nearly doubled in number of exhibitors and space allotment. Among the big brands exhibiting are Audemars Piguet, Breitling, Bulgari, Chanel, Chopard, Jacob & Co., Rolex, TAG Heuer, Tudor, Ulysse Nardin, Van Cleef & Arpels and others.
In terms of niche and micro brands, visitors can expect to see outstanding horology from companies such as Armin Strom, Bell & Ross, Biver, Bovet, F.P. Journe, Greubel Forsey, H. Moser &Cie, Ming, MB&F, Parmigiani Fleurier, and many more.
'The increasing interest from brands and partners ahead of this year's edition has been
rewarding and humbling as we further establish the Dubai Watch Week platform and
continue to propel Dubai as a global destination,' said Hind Seddiqi, CEO of Dubai Watch Week in a statement issued about the show.As has been the case with all Dubai Watch Week events, the 10th version is free and open to the public. It will run from November 19 to 23, 2025.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The Decline of Oil Power in Middle East Geopolitics
The Decline of Oil Power in Middle East Geopolitics

Yahoo

timean hour ago

  • Yahoo

The Decline of Oil Power in Middle East Geopolitics

Despite expectations, the recent geopolitical turbulence in the Middle East—especially the events of October 7, 2023, and the escalation between Israel and Iran—did not deliver a severe blow to global energy markets. Compared to past regional crises or major global shocks like the Russia–Ukraine war, the impact was surprisingly muted. This apparent inability of oil-rich Middle Eastern nations to wield their petroleum power as a political weapon may mark the start of a deeper shift in global dynamics—one that emboldens Western-aligned states to more confidently pursue political and economic transformation in the region. For decades, oil served as the cornerstone of power for Middle Eastern rulers—a strategic lever to secure both domestic control and international backing. But as its political weight diminishes on the global stage, the fading support from major world powers may compel these leaders to reconsider their grip on authority. In response, they might shift focus inward, embracing reforms to strengthen their political and economic governance—not by oil wealth alone, but through more sustainable, accountable leadership. Since the 1970s, oil wealth has been the backbone of Middle Eastern states' power, shaping both their economies and political influence. Leveraging their pivotal role in OPEC and their ability to sway the global energy balance, these nations gained undeniable leverage in international affairs. Strategic partnerships with major oil corporations—spanning upstream operations to global trade—opened direct channels to the world's most powerful governments. Fueled by resource-driven wealth, many regional rulers modernized their states, entrenched authoritarian rule, and secured foreign backing—even as their regimes often stood in stark contrast to Western ideals like democracy and human most Middle Eastern oil-exporting nations, petroleum revenues account for over 70% of government income and roughly a third of GDP—with countries like Iraq and Kuwait even surpassing these levels. Despite political shifts in some states, such as Iraq's regime change, the region's governments continue to rely heavily on the oil sector as a cornerstone of economic stability and a tool for maintaining authority and influence across their territories. The political use of oil can be traced back to 1960, when Middle Eastern oil-rich states joined forces with Venezuela to establish the Organization of the Petroleum Exporting Countries (OPEC). However, the first major deployment of oil as a political weapon occurred during the 1973 Arab-Israeli War, when Arab countries imposed an oil embargo that triggered a historic energy crisis and skyrocketed oil prices from around USD 3 to nearly USD 12 per barrel, quadrupling in just five months. The second major shock came in 1979 with the Iranian Revolution, which slashed Iranian oil exports and sent global prices soaring again, effectively doubling and shaking international markets. Just a year later, the Iraq–Iran War broke out in 1980, further escalating fears of regional supply disruptions and pushing prices up to approximately USD 40 per barrel by early that year. A decade later, in 1990, Iraq's invasion of Kuwait—another oil-rich Persian Gulf state—drove prices from USD 17 to USD 36 per barrel. The situation prompted Western nations to release strategic petroleum reserves to mitigate further spikes. The 2003 U.S.-led invasion of Iraq caused immediate market volatility and long-term uncertainty. This geopolitical instability pushed oil prices from the USD 26–30 range in the early 2000s to over USD 31 in 2003, continuing a sharp upward trend that reached USD 66 by 2006. Unlike most global economic crises, such as the 2008–2009 financial meltdown—which depressed oil demand and caused prices to fall—Middle Eastern conflicts have historically triggered price surges. The next major spike occurred in 2011 during the Arab Spring. The unrest pushed prices from around USD 90 at the end of 2010 to USD 120 in early 2011. Libya's civil war disrupted oil flows to Europe, and fears over the security of the Suez Canal further heightened global supply anxieties. Another shockwave hit in 2019 when a drone strike targeted Saudi Aramco's Abqaiq and Khurais facilities, knocking out 5.7 million barrels per day—about 5% of global supply. This event caused oil prices to surge by 19.5% in a single day, jumping from USD 60 to USD 72—the largest single-day percentage increase since the 1991 Gulf War. A rare non-Middle Eastern event followed in 2022 when Russia invaded Ukraine. Oil prices surged to over USD 120 per barrel in March, marking a 15% increase from pre-war levels and underlining the global market's sensitivity to major geopolitical disruptions. However, the reaction to more recent Middle Eastern conflicts after 2023—mostly involving the so-called 'resistance axis'—has been substantially muted. On October 7, 2023, Hamas launched a surprise attack on Israel. Initially, prices rose from around USD 80 to USD 90 per barrel within a week, but the upward trend quickly reversed. By the third week, prices had dropped to USD 74 per barrel. Although the conflict zone wasn't central to global oil production or transport, concerns about potential escalations involving Iran, Lebanon, or Iraqi factions did raise alarms—but these were short-lived, and the market stabilized quickly. A similar trend was observed following Israel's strike on Iran: oil prices rose modestly—just 7% in the first week—before declining in the second. This subdued reaction came despite Iran's status as the world's fourth-largest holder of oil reserves, a leading oil producer, the second-largest holder of natural gas reserves, and one of the top five gas producers globally. Moreover, Iran's critical geopolitical position—adjacent to the Strait of Hormuz, the world's most vital oil transit chokepoint—adds weight to the surprising resilience of the global energy market. Even after the U.S. attacked Iranian nuclear sites and Iran retaliated, the market absorbed the shock swiftly, with prices returning to pre-conflict levels within hours. These recent responses suggest a shift in the global energy market's sensitivity to Middle Eastern tensions—possibly reflecting changes in global supply diversity, strategic reserves, and the political recalibration of major energy consumers and producers. While Middle Eastern conflicts have traditionally triggered sharp and prolonged oil price shocks, the market's response to recent regional crises reflects a notable shift—both in the scale of price increases and the duration of their impact. Even when a major historical oil exporter like Iran is directly involved, the market has shown a remarkable degree of resilience and short-term volatility rather than sustained disruption. Since 2001, the United States has significantly reduced its dependence on Middle Eastern oil, while Europe has actively diversified its energy sources—particularly in response to Russia's gas leverage and the fallout of the Russia–Ukraine war. As a result, geopolitical tensions in the Middle East today tend to provoke far milder reactions in the global oil market, especially when Western-aligned oil exporters remain unaffected. This shift was evident when comparing the market's sharp reaction to the 2019 attack on Saudi Aramco to its much more restrained response to the 2023 Hamas–Israel conflict and the Israeli strike on Iran. These patterns suggest that the global energy market is now more tightly managed and stabilized by major Western-aligned producers, chiefly Saudi Arabia. When Saudi Arabia—the de facto leader of OPEC and OPEC+—is not directly involved or its infrastructure is not at risk, the market remains confident in the continuity of supply. However, any threat to the Kingdom's facilities still triggers immediate and emotionally charged market responses. This not only highlights the success of Western strategies to diversify their energy dependencies but also signals the emergence of a new era in oil market governance—one dominated by OPEC+ leadership and strategic stability mechanisms. Consequently, future regional conflicts in the Middle East may increasingly be analyzed apart from oil price shocks. This decoupling could give the U.S. and EU greater flexibility in shaping their political responses and re-evaluating their relationships with Middle Eastern governments, without being constrained by energy security concerns. By Shahriar Sheikhlar for More Top Reads From this article on

LNN Q2 Deep Dive: International Irrigation and Infrastructure Fuel Growth Amid Mixed U.S. Outlook
LNN Q2 Deep Dive: International Irrigation and Infrastructure Fuel Growth Amid Mixed U.S. Outlook

Yahoo

time3 hours ago

  • Yahoo

LNN Q2 Deep Dive: International Irrigation and Infrastructure Fuel Growth Amid Mixed U.S. Outlook

Agricultural and farm machinery company Lindsay (NYSE:LNN) reported revenue ahead of Wall Street's expectations in Q2 CY2025, with sales up 21.7% year on year to $169.5 million. Its non-GAAP profit of $1.78 per share was 26.7% above analysts' consensus estimates. Is now the time to buy LNN? Find out in our full research report (it's free). Revenue: $169.5 million vs analyst estimates of $162 million (21.7% year-on-year growth, 4.6% beat) Adjusted EPS: $1.78 vs analyst estimates of $1.41 (26.7% beat) Adjusted EBITDA: $28.89 million vs analyst estimates of $23.89 million (17% margin, 20.9% beat) Operating Margin: 14%, in line with the same quarter last year Organic Revenue rose 23.5% year on year (-16.4% in the same quarter last year) Market Capitalization: $1.56 billion Lindsay's second quarter results saw a strong positive market reaction, with revenue and profit both exceeding Wall Street expectations. Management attributed the robust performance to significant growth in international irrigation markets—particularly in Latin America and the Middle East and North Africa—while U.S. irrigation demand remained steady. CEO Randy Wood highlighted ongoing execution on large projects overseas and noted that infrastructure segment growth was driven by increased sales of road safety products as the North American construction season began. Wood also pointed to operational efficiencies and favorable pricing actions in the U.S. irrigation business as contributing factors. Looking ahead, Lindsay's management focused on the continued expansion of international projects, particularly in Brazil and the Middle East, as well as growth opportunities in road safety and Road Zipper leasing. Wood noted that the company's outlook for North American irrigation is tempered by softer demand expectations, driven by weather and crop revenue uncertainties, despite a projected increase in net farm income. Management remains optimistic about the long-term potential in Brazil, contingent on credit availability and energy infrastructure improvements, while acknowledging that project timing and external factors such as tariffs and government funding will influence future results. Management emphasized that international irrigation demand, successful execution of large projects, and infrastructure sales were key to the quarter's performance, while also outlining ongoing supply chain and tariff management strategies. International irrigation momentum: Management noted substantial growth in Latin America and the Middle East, driven by a large ongoing project in the MENA region and improving market conditions in Brazil. CEO Randy Wood stated, 'We continue to see a strong project funnel in The Middle East and North Africa.' Stable U.S. irrigation demand: Domestic irrigation volumes were comparable to the prior year. Demand was supported by specialty crop markets in the Pacific Northwest, offsetting softness in corn and soybean markets and lower storm replacement activity. Infrastructure segment growth: The infrastructure business benefited from higher road safety product sales as the construction season progressed in North America. Management reiterated that growth in Road Zipper leasing supports stable revenue but noted that project sales timing remains uncertain. Tariff and supply chain management: Lindsay navigated evolving tariffs through proactive supplier collaboration, strategic inventory placement, and targeted pricing actions. CFO Brian Ketcham emphasized that recent steel tariffs had a limited impact on costs so far, stating, 'We have had little to no impact from the steel cost.' Operational improvements: Modernization of the Nebraska manufacturing facility and efficiency gains in Brazil and Turkey contributed to margin stability. Management highlighted that volume leverage in international operations and growth in recurring subscription revenue also supported profitability. Management's guidance centers on international project execution, infrastructure sales, and navigating variable demand in the U.S. irrigation market. International project pipeline: Lindsay's outlook depends on continued execution of large and mid-sized projects in the Middle East and Brazil. Management sees sustained demand for irrigation driven by food security and water conservation initiatives, though project timing remains unpredictable due to external factors like government funding and credit conditions. U.S. irrigation headwinds: The company expects North American irrigation demand to remain soft, shaped by weather, crop prices, and the nature of government support payments. CEO Randy Wood cautioned that while net farm income is projected to rise, most growth is from direct government support, not crop revenue, which may not translate to higher equipment spending. Tariff and cost management: Tariffs on steel and aluminum remain a risk, but Lindsay's global footprint and supply chain flexibility are designed to mitigate cost pressures. Management plans to continue pricing actions and supplier collaboration to help offset potential margin headwinds. Looking forward, our team will monitor (1) the pace and profitability of project execution in the Middle East and Brazil, (2) the trajectory of U.S. irrigation demand as weather and crop prices fluctuate, and (3) progress in infrastructure sales, especially in Road Zipper system leasing. Ongoing tariff impacts and supply chain strategies will also remain key watchpoints. Lindsay currently trades at $142.75, up from $137.29 just before the earnings. Is there an opportunity in the stock?Find out in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

How Israel-Aligned Hackers Hobbled Iran's Financial System
How Israel-Aligned Hackers Hobbled Iran's Financial System

Wall Street Journal

time4 hours ago

  • Wall Street Journal

How Israel-Aligned Hackers Hobbled Iran's Financial System

While Israel and the U.S. were bombing Iran's nuclear sites, another battlefield emerged behind the scenes: the financial infrastructure that keeps Tehran connected to the world. Israeli authorities, and a pro-Israeli hacking group called Predatory Sparrow, targeted financial organizations that Iranians use to move money and sidestep the U.S.-led economic blockade, according to Israeli officials and other people familiar with the efforts. U.S. sanctions, imposed off-and-on for decades due to Tehran's nuclear program and support for Islamist groups, have aimed to cut Iran off from the international financial system.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store