Antique Apple-1 Fetches Record $671K

The market for old Apple computers is heating up, with prices steadily increasing.

Gold Stuck Below $1,400 As Stocks And Dollar Firm

The dollar index was up 0.2 per cent, while European stocks gained 1.2 per cent.

Emirates To Restart Tripoli Flights In September

Resumption of services after two years will benefit passengers with connections within the GCC, Indian Subcontinent, Far East and West Asia

UK Expats – Are You Liable To Tax Back Home?

The UK’s new residency criteria could have major consequences for some expats, says James Thomas, regional director at Acuma Independent Financial Advice.

Gold Rises Due To Physical Demand, Weaker Dollar

Gold is still down nearly 17 per cent this year after last month’s rout pushed prices down to $1,321.35.

Abu Dhabi Fund ADIA Turning To Emerging Markets

The fund raised its exposure limit on Chinese equities to $500 million from $200 million in the third quarter.

5.7 Earthquake Reported Off Coast Of Yemen

The quake occurred about 135 miles (217 km) from the Yemeni mainland at a depth of six miles (10 km) in the Arabian Sea.

Etisalat Makes Top Bid For Vivendi’s Maroc Tel- Sources

UAE’s Etisalat has reportedly offered a higher price than rival Qatari bidder Ooredoo for Vivendi’s 53 per cent stake in Maroc Telecom.

Qatar Drops Bid To Move Civil Aviation Body ICAO From Montreal

Qatar last month proposed that the organization leave Montreal due to its cold winters and distance from Europe and Asia.

Middle East Q1 Car Sales Break Records, Again

Impressive figures from BMW, Audi, Volkswagen and Rolls-Royce indicate the region’s economy is purring along nicely.

Huawei’s Middle East Revenue Rose 18% In 2012

The world’s second-largest telecom equipment maker also expects Middle East telecom operators to prioritise improving network efficiency.

LATEST: Canadians Still Require Visas To Enter UAE

The Canadian visa waiver announced earlier this year has still not come into effect, confirmed embassies.

Qatar Petroleum To Buy Into Total’s Congo Exploration

QPI will contribute specifically to the French company’s Moho North oil project.

Qatar Sovereign Fund Buys Stake In Russian Bank VTB

Qatar Holding, along with Azerbaijan’s SOFAZ and Norges Bank Investment Management, invested $479-639 million each in VTB.

Carrefour Sells Stake In Middle East Venture To MAF For $683m

Majid Al Futtaim Hypermarkets operates 50 hypermarkets and 44 supermarkets under the Carrefour name.

New GCC Tobacco Tax Could Lead To Illegal Trade

Ministers in the region are deliberating a 100 per cent increase in duty on tobacco products.

ME Digital Ad Spend Could Hit $1bn In 5 Years – Expert

Regional online advertising spend is growing at a rate of around 25-30 per cent every year.

France To Invest $25m In Africa, Middle East Embassy Security

The country’s mission in Libya was targeted by a car bomb in April.

Investment Key To Internet Economy’s Regional Growth

E-commerce spends across the Arab World grew 45 per cent to $15 billion last year.

Oman Air Orders Three Airbus A330 Aircraft

The order, which will bring Oman Air’s A330 fleet to a total of 10 aircraft, is thought to be worth around $720 million.

Kerry Hails Tentative U.S. Arms Sale To Oman

The U.S. Secretary of State met Oman’s defence minister in the Sultanate on Wednesday to oversee the $2.1 billion deal.

Abu Dhabi’s Man City And New York Yankees In New MLS Team

Sheikh Mansour-owned City will be the majority partner in New York City Football Club along with the biggest name in baseball, the Yankees.

IMF: Dubai Will Meet Debt Obligations

The International Monetary Fund’s regional report warns unemployment figures and diversifying economies are still an issue.

Qatar National Bank To Start India Operations

The state-owned lender expects to begin operations in the third quarter under the name of QNB India Private Limited.

Aramco Awards Midyan Gas Project To India’s L&T

The project, estimated to be worth less than $300 million, is due to come online in mid-2016.

Regional Exclusive: Armani Profit Up 20%

China and Europe boosted Italian fashion giant’s revenues to $2.7 billion in 2012.

Damac Begins Work On $100m Iraq Project

The Dubai-based developer announces start of work on Princess Tower, a 26-storey furnished apartment complex in Baghdad.

Gulf Wealth Funds Raising Private Equity Investments

Average allocations to PE by the region’s developmental wealth funds have increased by 33 per cent in the last 12 months.

Yahoo To Buy Tumblr For $1.1bn – Reports

The boards of both companies have reportedly approved the deal, expected to be announced on Monday.

Britain’s Islamic Bank BLME Seeks Stronger Gulf Ties – CEO

The Bank of London and The Middle East plans to open an office in Dubai this year to help boost its capital markets.