Squale retails the Squale 50 Atmos Ocean Blasted 1521-026 for 648 Euros, which is roughly $725 USD before shipping and taxes (a price made somewhat lower thanks to recent currency changes). Assuming roughly $800 - $900 to your wrist, the Squale has plenty of competition from other micro brands and even bigger players like Citizen and Seiko.
Time in the Middle East. Light colors indicate where standard time is observed all year; dark colors indicate where daylight savings is observed. UTC+03:00 is an identifier for a time offset from UTC of +03. In areas using this time offset, the time is three hours later than the Coordinated Universal Time (UTC).
UTC and GMT an update. The worldwide standard for coordinated universal time, formerly known as GMT (Greenwich Mean Time), is now abbreviated as UTC (Coordinated Universal Time). Some sources still refer to it as UTC/GMT and some web browsers, e.g. Mozilla Firefox, still display it as GMT.