In 2015, growth in the region is expected to accelerate to 3.9 per cent – but that is 0.9 percentage point slower than the IMF’s July forecast.
The investment is expected to help Amak, a firm specialising in providing petroleum services, to fund its growth plans.
Libstar operates across South Africa through manufacturing, supply and distribution and employs about 4,200 people.
Robust GDP growth, quick adoption of 3D platform technologies and increasing awareness of IT threats is boosting regional IT spend.
The company is already investigating alleged bribery in other Middle East countries, including Lebanon, Jordan, Syria and Iraq.
Airbus won European safety approval last week for the A350.
Biden earlier apologised to Turkey and the UAE for saying that regional US allies were partly to blame for the rise of IS in Syria.
Former Raytheon CEO Bill Swanson had said in January that he expected Qatar to finalise an order worth over $2 billion in the first half of 2014.
Prince Alwaleed said he was “impressed” by Narendra Modi’s speech when he was in the US.
Airline blames slot constraints amid strong competition and poor loads
International passenger traffic rose 6.7 per cent in August with all regions showing growth over the previous year.
The first patient diagnosed with Ebola in the US, Thomas Eric Duncan, is in a critical condition.
Except for eight strikes against the Khorasan Group in Syria, all have been against Islamic State militants.
The acquisition was announced by Facebook in February and recently received regulatory approval in Europe.
Yeganeh Salehi, Tehran correspondent for the UAE English language newspaper, The National, was freed last week and is said to be in good health.
With Europe flirting with deflation, Japan not far from recession and a slowing economy in China, there are worries the recovery from the deep 2007-2009 crisis is losing traction.
The deadly epidemic has killed more than 3,400 people since it began in West Africa in March.
Joe Biden said that the Middle East had provided money and weapons to Al Nusra and Al Qaeda.
British aid worker Alan Henning was part of an convoy taking medical supplies to a hospital in Syria in December last year when he was kidnapped.
The iPhone maker is expected to unveil the new iPads and the latest updates to its iMac line, according to reports.
Private Banking in the region is set to grow further this year, as nationals switch from protecting their wealth to growing it.
Mergermarket attributed the sharp decline in total values to the lack of inbound mergers and acquisitions.
The air cargo growth was aided by Middle East airlines’ growing links to developing markets and their diversification plans, IATA said.
GCC states would not “stand idly” in front of foreign intervention, the ministers said in a statement after the meeting late on Wednesday in the Saudi Arabian city of Jeddah.
Concern over rising OPEC oil supply, weak European and Chinese growth and a stronger dollar pushed Brent to its lowest since June 2012 on Sept 30.
Bourses in Saudi Arabia, Qatar, Kuwait and Oman will close for the whole week starting October 5.
The office adds to DCCI’s presence in the Ethiopian capital Addis Ababa.
The Dubai-based port operator has been accused of bribery by the Djibouti government.
New daily A380 service to Texas city dovetails with Qantas’ new superjumbo flight from Sydney
Wiko, which claims to be Europe’s fastest growing smartphone brand, has launched eight models in the UAE.