AMMAN: Arab stock markets were volatile last week in thin trading as investors came under pressure from falling oil prices and concerns over the world economic recovery, financial analysts said Friday. They expected regional markets to lose further ground in the coming couple of weeks due to disappointing US jobs data and the negative fallout of the Muslim fasting month of Ramadan. “I believe the US jobs data and falling oil prices, both indicating sluggish global recovery, will put fresh pressures on Arab stock markets particularly in the Gulf region,” an Amman-based portfolio manager said. “A clear correlation has developed over the past months between oil prices and the performance...read more

The global downturn has taken its toll on fashion, with designer brands offering more austere wares as shoppers demand \'less ostentatious\' products The days of the big brash designer label, beloved of Wags and minor celebrities, could soon be at an end as the world\'s top fashion companies move to a new \"discreet\" kind of luxury. Handbags and accessories with large logos are being removed from designers\' collections to be replaced with more subtle designs as part of a move for \"anti-bling\" fashion. Gucci, whose bags featuring a giant double G emblem have been seen on the arm of celebrities including Paris Hilton, said recently that a recent move to downplay logos was paying off,...read more

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