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The countries in the Middle East region have welcomed the nuclear deal struck on July 14 between Iran and the five permanent members of the UN Security Council plus Germany (P5+1).
The non-oil economy, which constitutes more than 80 per cent of Bahrain's GDP, showed a strong growth even as the hydrocarbons sector experienced a 5.6 per cent year-on-year decline due to seasonal maintenance.
Egypt ranked first in the list of the most attractive destinations for foreign direct investment (FDI) among African countries attracted 71 projects valued at $57.9 billion and provided jobs for nearly 51,634 people In 2014.
"There are many factors at play. While it would appear to help the fiscal position of the UAE, we still need to understand what it would mean for end users, whether there would be an inflationary feed through or not."
The ministry has asked the government to allocate $9 billion for projects within the current budget, but it has only been allocated $3bn because of the fiscal deficit.
The deterioration in the Saudi real estate sector happened throughout the kingdom, excluding the region of Najran, which witnessed an increase of 23 per cent.
The report, reveals that 6,750 new housing units were launched in the market during the same period, bringing the total residential real estate portfolio of the city to 479,000 units.
The ministry had set up a fuel price committee to review fuel prices against average international levels which would announce on every 28th the fuel price for the next month.
The agency blamed the deteriorating property market in Dubai for the closure. There has been a fall in both the volume and value of property transactions in the first six months of this year.
The UAE's internet users are just ahead of developed world countries such as the US, Germany, Japan, Canada and France, and other countries that have advanced online networking infrastructure.
The real estate company entered India through the joint venture in 2005 and it invested approximately $1 billion in equity and another $400-500 million in the form of debt, convertible instruments and guarantees.