Nvidia has been one of the standout growth stories of the past decade, transforming from a niche graphics chipmaker into the world’s most valuable company  thanks to the AI boom.
Revenue has surged in recent years as demand for its advanced GPUs skyrocketed, with shares
climbing over 1200% in the last five years. However, the past 12 months have presented challenges.
US restrictions on chip exports to China have impacted sales in one of Nvidia’s key markets, creating
uncertainty for investors at a time when the chip giant appeared unstoppable. China dominated
much of the conversation last quarter, and the absence of H20 chip sales in the region highlights the
growing geopolitical complexities Nvidia must navigate.
Despite these hurdles, Nvidia continues to see strong global demand. Sovereign wealth funds are
emerging as a major driver of growth, with state-backed entities adopting Nvidia technology at scale.
This momentum is particularly evident in the Middle East. Nvidia recently announced a partnership
with Abu Dhabi’s Technology Innovation Institute to launch the region’s first joint AI and robotics
lab, alongside the UAE’s first AI Technology Centre. The UAE is becoming one of Nvidia’s most
significant growth markets outside the US and China, with half a million chips set to be imported to
support the nation’s AI ambitions.
“This underlines how the UAE is positioning itself as a rising global hub for artificial intelligence and
advanced technologies, while giving Nvidia another foothold beyond its traditional US and Chinese
strongholds,” said Josh Gilbert, Market Analyst at eToro.
For retail investors, it signals a more diversified Nvidia growth story increasingly linked to sovereign-
backed demand in the Gulf. At nearly USD 200 billion in annual sales and growing over 50% year on
year, Nvidia continues to scale impressively, defining the AI era. With Nvidia being the most held
stock on eToro in the UAE and globally, retail investors are actively participating in one of the most
powerful innovation themes of this decade.

The Grand Prix d’Horlogerie de Genève (GPHG) inaugurated its 2025 world tour yesterday in Shanghai, China one of top markets for Swiss luxury watchmakers.

Committed to promoting cultural exchanges between East and West, Hantang Culture is the organising partner of this first 2025 exhibition presenting the 84 timepieces nominated by the GPHG Academy.

This is a unique opportunity for watch enthusiasts and aficionados in the region, who will be able to admire the most extraordinary watches of the moment, from more than 50 brands, in a stellar setting inspired by the Chinese cyclical perception of time and symbolising humanity's eternal aspiration to explore the immensity of life on microscopic and finite levels.

This exhibition, which will be held in Shanghai until 8 October, showcases the creativity, expertise and dynamism of contemporary watchmaking. It also offers an ideal opportunity to celebrate this year’s 75th anniversary of diplomatic relations between China and Switzerland.

Jessica Yu, Founder and President of Hantang Culture, commented: “For more than two decades, Hantang Culture has grown in step with the fine watchmaking industry, sharing its stories of craftsmanship and artistry through milestone watch fairs, cultural initiatives, exhibitions, and documentary films. Hosting the GPHG in Shanghai is not only a celebration of the art of watchmaking, but also an invitation for the public to rediscover the culture of time - and a powerful statement of renewed confidence across the industry.”
 
Raymond Loretan, President of the Foundation of the GPHG, added: “Building on its longstanding tradition of timekeeping, China has wholeheartedly embraced contemporary watchmaking. It is one of the world's most dynamic markets, where cultural heritage and a passion for innovation converge. Launching our world tour in Shanghai thus holds special significance. We wish to express our gratitude to our partner Hantang Culture for its generous welcome and flawless organisation, which enables the watchmaking world to connect with the Chinese perception of time."

After Shanghai, the GPHG 2025 travelling exhibition will stop off in Istanbul for the first time from 15 to 20 October, before moving on to Geneva’s Musée d’Art et d’Histoire from 29 October to 16 November. Finally, Dubai Watch Week will welcome the winners after the awards ceremony, from 19 to 23 November.

The 90 nominated timepieces (84 watches and 6 mechanical clocks) are in the running to win one of 20 prizes, including the prestigious “Aiguille d’Or” Grand Prix, which will be awarded on Thursday 13 November in Geneva during the 25th GPHG awards ceremony, broadcast live on gphg.org at 6pm CET.
 2025 World Tour:  https://www.gphg.org/en/gphg-2025/2025-schedule
2025 Nominations: https://www.gphg.org/en/gphg-2025/nominated-timepieces

Created in 2001 and overseen since 2011 by a Foundation recognised as a public interest organisation, the Grand Prix d’Horlogerie de Genève (GPHG) has for 25  years been pursuing its mission to celebrate and promote the watchmaking art, thanks to the support of its public and private partners, notably its main partner, FGP Swiss & Alps, as well as the involvement of industry stakeholders.
 
With over 20 years of expertise in the luxury industry, Hantang Culture proudly serves the world’s top brands and companies, delivering creative, bespoke content that embodies brand values. Backed by cutting-edge video production, outdoor media, and digital technologies, Hantang Culture curates high-end industry events and brand activations. Beyond its core services, Hantang Culture actively contributes to the preservation, restoration, and promotion of cultural heritage and traditional craftsmanship from China and beyond. Under its prestigious banner, the ART SHANGHAI: European National Treasures program collaborates with leading cultural institutions worldwide, showcasing world-class national collections and exploring some of the most influential cultural milestones in human history.
 
#GPHG25 #GPHG #horlogerie #watchmaking #awards
#fgpsa #fgpswissandalps #forbesglobalproperties  #hantangculture

“This launch represents more than just a new retail space—it is a celebration of heritage, craftsmanship, and modernity, which are the cornerstones of my brand,” said Rami Al Ali (above). “Partnering with Ali Bin Ali and Galeries Lafayette Doha allows us to offer our clients a full experience that reflects the creative vision behind each collection.” As one of Doha’s premier luxury destinations, Galeries Lafayette Doha is recognized for its innovative approach to retail and its commitment to offering the finest global brands.
The introduction of Rami Al Ali’s Ready-to-Wear line enhances the department store’s curated selection, giving clients in Qatar access to the designer’s latest creations in an environment shaped entirely by his creative ethos.
This collaboration underscores Rami Al Ali’s ongoing commitment to expanding his presence across the GCC while staying true to the brand’s DNA of timeless elegance and artisanal excellence. Galeries Lafayette Doha, the prestigious French department store, continues to redefine the retail landscape in Qatar with its unparalleled shopping experience. Located in the heart of Doha, the store brings together more than 130 years of fashion expertise with a forward-looking approach tailored to today’s passionate customers.
With its headquarters in Paris and a network of 65 stores across France and abroad — including the iconic flagship on Boulevard Haussmann — Galeries Lafayette Doha exemplifies the brand’s global spirit while embodying Qatar’s dynamic retail scene. A hub of innovation, diversity, and elegance, it stands as a beacon for style and sophistication in the region.
For more information about Galeries Lafayette Doha and its products, visit the store in
21 High st., Katara Cultural Village or its website at www.galerieslafayette.qa.

Founded in Dubai in 2001, Rami Al Ali Couture is a globally acclaimed fashion house celebrated for its bold creativity, exquisite craftsmanship, and modern elegance. The brand offers haute couture, ready-to-wear, and bridal collections, worn by international celebrities including Sharon Stone, Amal Clooney, Aishwarya Rai, and Beyoncé. Rami Al Ali has collaborated with prestigious brands and creatives such as Swarovski, Bulgari, Cartier, and Expo 2020 Dubai’s architect Carmelo Zappulla. Recognized as one of the first Syrian designers in The Business of Fashion (BoF) 500, Al Ali further cemented his influence in 2025 by becoming the first Syrian designer invited to the official Paris Haute Couture calendar.
www.ramialali.com
 
See also Rami Al Ali spring-summer 2026 ready-to-wear collection.
See also Rami Al Ali spring-summer 2026 Couture Bridal collection.

Kim Jones announced as a keynote speaker in Hong Kong
Nikkei and the Financial Times are delighted to announce Kim Jones, Artistic Director, Kim Jones Studio, as a keynote speaker at the upcoming Business of Luxury Summit – Asia Edition, taking place 20–21 October at the Four Seasons Hotel Hong Kong.

Recognised for blending high fashion with street culture, and for his global perspective and cultural references during his tenure at Louis Vuitton, Dior and Fendi, Jones has staged some of the most iconic shows of our time — from Paris to the Pyramids of Giza. With just three weeks to go, this is your chance to hear one of fashion’s most influential designers share his vision for the future of luxury in Asia.

Secure your place todayView the agendaJoining Kim Jones is a world-class line-up of global and regional leaders, including:

Ryoji Shoda
Global Head,
Onitsuka Tiger
Putri Tanjung
Chief Experience Officer, CT Corp & Director, Transmedia
Benedetto Vigna
Chief Executive Officer, Ferrari

Cynthia Oh
Executive Visual Creative Director, THEBLACKLABEL
Jennifer Woo
Chairman & CEO,
The Lane Crawford Joyce Group
Teo Yang
Founder,
Teo Yang Studio

Kyubum "KB" Lee
Creative Director
Masataka Hosoo
President & CEO,
HOSOO

French ex-president Nicolas Sarkozy sentenced to 5 years of prison, found guilty of criminal conspiracy in Libyan campaign-financing trial
The former French president had been accused of receiving funds from the late dictator Muammar Gaddafi


Former French president Nicolas Sarkozy has been found guilty of criminal conspiracy in a case in which he was accused of receiving illegal campaign funds from the late Libyan dictator Muammar Gaddafi.
Sarkozy, 70, was, however, acquitted on Thursday of the remaining charges laid against him, including receiving stolen goods, embezzlement of public funds, and passive corruption.
Sarkozy, who was president of France from 2007 to 2012, had always denied the charges and dismissed the allegations as politically motivated.

                                  Top Priorities: Portfolio Resilience, Navigating Global Trade Disputes and Addressing Family Needs
 
The region with the highest proportion of first-generation families controlling wealth was Europe, the Middle East and Africa (56%), reflecting a resurgence of wealth creation.
 
Dubai, United Arab Emirates – 24 September 2025: Citi Wealth released its 2025 Global Family Office Report, offering a rare glimpse into the thinking and behaviors of some of the world’s most sophisticated investors. The report was compiled by Citi Wealth’s Global Family Office Group, which works with over 1,800 family offices worldwide.
 
Amid trade policy uncertainty, geopolitical tensions and technological transformation, this flagship publication explores issues such as investment sentiment, portfolio actions and operational best practices. Its findings are drawn from an annual survey, in which a record 346 family office respondents from 45 countries participated. Conducted in June and July 2025, the survey sheds light on how expectations and strategies have changed since the U.S. tariff announcements earlier this year.
 
“These are exciting times for family offices worldwide—especially in the Middle East. A high
proportion of first-generation families continue to control wealth, reflecting a resurgence of
wealth creation in the region. At the same time, the UAE is experiencing a significant inflow
of wealthy individuals relocating from abroad, further reinforcing its position as a global hub
for family offices, comments Hannes Hofmann, Head of Citi Wealth’s Global Family Office
Group.  
 
Key themes to emerge include:
 
 Generations in control of the wealth: The region with the highest proportion of
first-generation families controlling wealth was Europe, the Middle East and Africa
(56%), reflecting a resurgence of wealth creation. Asia Pacific led the way with
second-generation control (43%), indicating a maturing market.
 
 Geopolitical Concerns: Global trade disputes emerged as a top concern (60%) for
family offices, followed by U.S.-China relations (43%) and a resurgence of inflation
(37%). Geopolitical tensions and government initiatives to attract capital are fueling
interest in asset location and a re-evaluation of jurisdictions.
 
Staying Resolute: Asset allocations were largely held steady, with family offices
making fewer shifts than last year, pending greater clarity on trade policy. Among
those implementing changes, bullish moves predominated. Private equity saw the
most positive activity.
 Optimistic Outlook: Family offices expressed optimism about 12-month portfolio
returns, despite limited consensus about which asset classes might drive
performance. Potential U.S. deregulation, interest rate cuts and advances in artificial
intelligence may explain positive sentiment.
 
 Active Response to Market Volatility: U.S. tariff announcements triggered swift,
calculated adjustments to bolster portfolio resilience, with 39% of family offices
favoring active management. They also pivoted toward perceived defensive asset
classes and geographies as well as hedging strategies.
 
 Strong Commitment to Direct Investments: Seventy percent of respondents said
they were engaged with direct investments. Of those, four out of ten said they had
increased or significantly increased their activity in the last year, suggesting
confidence in their ability to select deals that drive returns.
 
 Professionalization Gaps: While family offices have made progress in
professionalizing their investment function, more improvement is needed in
operational risk management, cybersecurity and leadership succession planning.
 
 Outsourcing Services: To manage their growing responsibilities in a cost-efficient
manner, many family offices are considering external suppliers, but with decision-
making authority largely remaining in-house.
 
 Advancing AI Deployment: The proportion of respondents mentioning they had
deployed AI has doubled since last year, particularly in the automation of operational
tasks and investment analytics. However, full integration will take time.
 
Almost all respondents said that they anticipated portfolio upside over the year ahead – with
nearly four out of ten family offices expecting returns of 10% or more. That said, sentiment
toward many individual asset classes was somewhat less positive than it was in 2024’s
survey.
 
When it comes to risks faced, 70% of respondents cited those related to investments,
followed by operational (37%) and family-related risks (33%). But while many family offices
reported strengthening risk management, approximately half of respondents acknowledged
being underprepared to address cybersecurity, personal security and geopolitical risks.
Resource constraints remain a significant challenge here.
 
Our survey reveals ongoing professionalization among family offices, particularly in the
investment function, explains Alexandre Monnier, Head of Global Family Office
Advisory for Citi Wealth. 


This year’s survey was initiated during Citi Wealth’s tenth annual Family Office Leadership Summit in June 2025. The event was attended by over 150 family office leaders from more than 25 countries, with an average family net worth of $3.8 billion. The 56-question survey was subsequently opened to the wider population of family office clients globally. About the Global Family Office Group

Citi Wealth’s Global Family Office Group serves single family offices, private investment companies and private holding companies, including family-owned enterprises and foundations, around the world. The team offers clients comprehensive private banking and advisory services, institutional access to global opportunities and connections to a community of like-minded peers.

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader
in wealth management and a valued personal bank in its home market of the United States.
Citi does business in more than 180 countries and jurisdictions, providing corporations,
governments, investors, institutions and individuals with a broad range of financial products
and services.
Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn:
www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook:
www.facebook.com/citi

Today in France the poor and billionaires are protesting simultaneously. After 250 protests across the country, the protests and strike were organised by several trade unions, mainly in response to budget cuts proposed by the government for 2026. after large nationwide protests LVMH's Arnault, slams proposed billionaire tax.

France's richest man, LVMH's Arnault, slams proposed billionaire tax
By Reuters September 21, 2025

Bernard Arnault, Chairman and CEO of LVMH Pool 

• Arnault claims French wealth tax plan is ideologically biased
• Poll shows 86% support for tax on assets over 100 mln euros
• Architect of proposed 'billionaire tax' denies activist label

PARIS, Sept 21 (Reuters) - Bernard Arnault, the boss of luxury goods group LVMH and France's richest man, has attacked a proposed 2% tax on billionaires as an assault on France's economy and denounced the plan's architect as a far-left ideologue.

The tax, which would target wealth above 100 million euros ($117 million), has gained political traction in France, where Prime Minister Sébastien Lecornu faces pressure from the Socialist Party to include it in the 2026 budget or face a confidence vote that could topple his government.

"This is clearly not a technical or economic debate, but rather a clearly stated desire to destroy the French economy," Arnault told Britain's Sunday Times.
He accused the plan's architect, economist Gabriel Zucman of being "first and foremost a far-left activist" who uses "pseudo-academic competence" to promote an ideology aimed at dismantling the liberal economic system, which Arnault described as "the only one that works for the good of all".
Zucman, a professor at France’s École Normale Supérieure and the University of California, Berkeley, rejected the accusations.
"I've never been an activist for any movement or party," he said on X, adding his work was grounded in research, not ideology.
Zucman was among 300 economists who publicly backed the economic platform of the left-wing Nouveau Front Populaire alliance ahead of last year's legislative elections.
He has recently argued in media appearances that the ultra-rich pay proportionally less tax than many other citizens — a gap the proposed levy aims to close.
The tax has broad public support, with an Ifop poll commissioned by the Socialist Party this month showing 86% approval.
($1 = 0.8515 euros)Reporting by Leigh Thomas Editing by Christina Fincher,

LVMH Partners with America’s Cup 1983 Louis Vuitton / FIFA-Weltmeisterschaften™ (2010, 2014, 2018, 2022), League of Legends (2019, 2020), Davis Cup (2019–2022), Roland Garros (2017, 2018), NBA (2020–2022), Formel 1 Grand Prix von Monaco™ (2021–2024), Rugby-Weltmeisterschaft Frankreich 2023, Ballon d’Or® (2023, 2024), Olympics Paris 2024, Australian Open (2023, 2024) Formel 1® Grand Prix-Serie 2025.

Olivier Bourgis (President) and Carlos Freixeda (Senior Vice-President of Global Communications, The Lede Company and Ritual Projects), Lede Paris.

Strengthening Support for Talent and Brands Across Europe

The Lede Company debuts Talent division in Paris, marking a key milestone in the agency’s European expansion. Following the creation of its Talent division earlier this year in London, Lede Paris now extends this expertise to continental Europe, reinforcing the agency’s commitment to shaping the future of talent strategy on a global scale.

Building on The Lede Company’s strong reputation in Los Angeles, New York, and London, the Paris office will serve as a strategic hub to:

• Support brands in developing impactful and culturally relevant talent strategies.
  
• Champion local talent, providing them with international visibility and opportunities.
  
• Accompany Lede-represented Talent when activating projects, campaigns, and appearances across Europe. ​

Led by Olivier Bourgis (President) and Carlos Freixeda (who has just been appointed Senior Vice-President of Global Communications and Marketing for The Lede Company and Ritual Projects), Lede Paris will deliver a comprehensive 360° approach spanning brand partnerships, event opportunities, media relations, public image consulting, and representation during Europe’s most significant cultural and industry moments.

Comment by Dr Heloise Greeff, Popular Investor at eToro

Women are no longer on the sidelines of the UAE’s financial markets. Far from being cautious
newcomers, women in the UAE are building diversified portfolios, aligning with growth sectors, and
showing striking confidence in both the local economy and the long-term outlook of UAE companies.
eToro’s latest survey reveals that among UAE investors, women are leading in savings and pensions,
with higher participation rates than men in both areas. 81% have a savings account (vs. 74% of men),
and 26% invest in pensions (vs. 12% of men). More than half (54%) also hold crypto, highlighting
their openness to emerging asset classes.

Dr Heloise Greeff, Popular Investor at eToro, remarks that women are also seasoned participants.
More than 70% have been investing for more than three years, and a small but notable proportion
(5%) have more than a decade of experience. They are also much more likely than men to hold their
investments for years (43% of women vs. 30% of men), reinforcing their steady, long-term
commitment.
This aligns closely with their primary financial goals. While women share the same top ambition as
men — achieving financial independence (52% women vs. 51% men) — they are more likely to
invest with long-term security in mind (49% women vs. 46% men).
Real estate (44%) and financial services (54%) dominate their sector allocations, but their ambitions
extend further. In the next three months, many women investors plan to increase their allocations in
renewables (39%), healthcare (38%), technology (36%), and discretionary consumer goods (38%).
This approach aligns closely with the UAE’s broader growth agenda, signaling that women are
proactively and strategically anticipating its next moves.

Women investors in the UAE are also responsive to market developments. Results show that a
combined 91% have already adjusted (46%) or are planning to adjust (45%) their portfolios in
response to global trade tensions and tariff announcements.
Both women and men view gold (50% vs. 49%) and real estate (44% vs. 45%) as reliable assets during
periods of volatility. However, differences emerge in asset classes: men are notably more likely to
favour crypto (52% vs. 38% of women), while women show greater preference for local equities
(35% vs. 26% of men) and cash holdings (26% vs. 19%). These patterns suggest that in a volatile
market environment, women tend to prioritise relatively stable or familiar asset classes, whereas
men demonstrate a stronger inclination toward higher-risk digital assets.
​
What clearly unites both genders, however, is their overwhelming confidence in the local economy.
92% of both men and women are confident in the current UAE economy, with similar trust in the
long-term performance of UAE-listed companies (92% men, 91% women). Optimism is firm across
everyone, with 81% of women and 82% of men expecting significant market gains in the next 12
months.

These insights challenge long-standing stereotypes. Women in the UAE are showing they are
comfortable blending traditional and alternative assets, adept at identifying growth sectors, and
willing to commit to a long-term view. They are experienced, empowered, and increasingly
influential in setting the tone for the UAE’s investment future.
This evolution is not happening in isolation. National initiatives such as the UAE Gender Balance
Council and the National Financial Inclusion Strategy are enabling an environment for women to
expand their financial literacy, access investment opportunities, and secure their independence. The
result is a growing cohort of female investors who are not only managing their personal wealth but
also contributing to the resilience and dynamism of the UAE’s financial markets.
In short, women investors are a driving force in the UAE’s retail investment landscape.