Global Economy To Remain Stalled in 2013, Say CEOs

PwC survey reveals that only 36% of CEOs worldwide are ‘very confident’ of their company’s growth prospects in the next 12 months.

Gold’s Bull-Run Seen Topping Out In 2013/14

The average spot gold price is expected to stand at $1,775 an ounce in 2013, 6.4 per cent higher than last year’s average, says Reuters survey.

Ladies’ Watches Given Greater Focus

Luxury brands at SIHH are realigning their positions in the Middle East.

BlackBerry 10 Buzz Builds As Launch Date Nears

The much-awaited new smartphone line-up from RIM will be launched in Dubai and five other cities on January 30.

Lewis Hamilton To Wear IWC In 2013

An unnamed source at SIHH confirms Hamilton will no longer endorse TAG Heuer.

Greek PM To Visit Qatar To Discuss Investment

The trip follows the withdrawal of Qatar last week from a multi-billion euro tender to develop Athens’ old airport.

Ralph Lauren’s Bugatti Inspires Watch Making

Meanwhile Roger Dubuis sources inspiration from the legend of King Arthur.

Audi Plans To Double Middle East Sales by 2020

German luxury car maker hopes to sell 20,000 vehicles per year by 2020.

Richard Mille Unveils 2013 Watches

The Swiss watchmaker unveils its timepieces for the new year at the SIHH in Geneva.

Etihad Signs ‘Multimillion Dollar Deal’ With Sydney Opera House

Abu Dhabi airline become the cultural icon’s exclusive international airline partner

Exclusive: Masdar Eyes Investment In South Africa

South African energy minister says Abu Dhabi- based Masdar has expressed interest in the African nation’s renewable energy programme.

Algeria Ends Desert Siege With 23 Hostages Dead

The siege at the gas plant in the Sahara desert began on early Wednesday.

Mona Lisa’s Toshiba Smile

Toshiba’s MEA managing director, Yasuyoshi Matsunaga, talks about powering the world’s fastest elevator and Middle East expansion.

Turkey’s E-Commerce Firms Set For Shakeout

According to a Deloitte report on e-commerce in Turkey, 17 merger and acquisition deals were closed last year.

QE2 To Be Converted Into Asia-Based Floating Hotel

The Dubai-based cruise liner will be renovated into a 500-room luxury hotel.

Boeing Beats Airbus On Deliveries And Orders

But Airbus had a stronger year in the competitive single-aisle arena as it received 455 deliveries, while Boeing recorded 415 for its next-generation B737s

Boeing Dreamliner Is ‘Safe’ – Analyst

As countries around the world ground their 787s on battery fears, analysts say the new aircraft is only facing teething problems.

Currency Crisis Won’t Stop Qatar’s Soc Gen Buy

The Gulf bank is buying a 77 per cent stake in National Societe Generale Bank.

Qatar Joins US, India, Japan Airlines In Grounding Boeing 787s

Qatar Airways CEO says it will only resume 787 operations “when we are clear that the aircraft meets the full requirements of the Airworthiness Directive”.

Gulf Airports Warned Over Security Threats

Regional airports were warned today to remain vigilant from ever-present security threats.

ME Must Remove Fuel Subsidies To Grow Renewables ­– Expert

The UAE and Saudi Arabia will find it very challenging to reach their renewable energy targets if they don’t phase out fossil fuel subsidies, warns senior IEA official.

Investors Face Uncertainties In 2013 – Barclays

A report by the lender has warned to be wary of the US fiscal cliff, the on-going Euro crisis and the Chinese economy.

Qatar Airways Denies Talks To Buy SpiceJet Stake

Qatar Airways CEO Akbar Al Baker says the carrier has no plans to acquire stakes in any Indian airlines.

Etihad Starting Amsterdam Flights

Abu Dhabi airline’s arrival in May will help boost Netherlands-UAE trade links, currently valued at $3.6 billion

Bahrain’s Investcorp sells CCC Information Services

Investcorp sold the insurance industry software provider to US-headquartered Leonard Green & Partners.

Emirates Airline President – “Oil Prices Spiked By Greed”

Tim Clark tells Gulf Business the airline industry will continue to face problems in 2013.

UAE’s Abraaj Group Sells Thai Hospital Stake

Abraaj sold its stake in Vejthani to KPJ Healthcare for an undisclosed sum.

Nike Unveils McIlroy Sponsorship In Abu Dhabi

The golfing star has split from previous sponsor Jumeirah and joins Tiger Woods.

Obama Meets New Saudi Minister At White House

The President of the United States met with Prince Mohammed bin Nayef to discuss security issues.

Bank Of America To Increase Gulf Lending

The investment bank expects activity to pick up in the MENA region in 2013.