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Economic blow to European economies as Hormuz disruption threatens energy supplies
March 19th, 2026 - 10:42 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Economic blow to European economies as Hormuz disruption threatens energy supplies

ALBAWABA- A new study has warned that a near-total disruption of shipping through the Strait of Hormuz could deal a severe economic blow to European economies, as escalating Iran–Israel tensions threaten global energy flows. The research, conducted by the Supply Chain Information Institute alongside the Centre for Complexity Science and Delft University of Technology, finds that the impact would be concentrated in a small number of EU countries and would ...
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PwC also estimates that AI could contribute up to $15.7 trillion to the global economy in 2030, more than the current output of China and India combined.
July 14th, 2019 - 06:30 GMT

AI Systems to Play a Key Role in Security System Transformation in UAE

All construction buildings that were created in the past have a certain life span, after which the structure is unsafe as it can collapse.
July 14th, 2019 - 06:00 GMT

Construction Aggregates Market Set to Hit Nearly $623 Billion in the Next 10 Years

Sources said most of the CDM machines in the country are not equipped to scan Emirates ID.
July 14th, 2019 - 05:30 GMT

Bank Announces Changes in Cash Deposits in UAE

Earlier in June, Moody’s lowered its credit rating for Turkey to B1, bringing it in line with Standard & Poor’s rating of B+
July 14th, 2019 - 01:00 GMT

Fitch Downgrades Turkey’s Credit Rating With a Negative Outlook

Facebook's cryptocurrency Libra “cannot go forward” unless the company takes serious measures to allay concerns.
July 13th, 2019 - 01:00 GMT

Bitcoin Price Down After Fed’s Anti-Libra Comments

Facebook CEO Mark Zuckerberg
July 13th, 2019 - 12:00 GMT

Facebook Faces $5 Billion FTC Fine, the Largest Given to a Technology Company

Non-Opec oil supply is forecast to grow by 2.4 mb/d in 2020, higher than in the current year.
July 13th, 2019 - 10:00 GMT

OPEC: Global Oil Demand in 2020 to Grow by 1.14 Million bpd

They have steadily declined since 2014 as Egypt sought to become a regional energy hub.
July 13th, 2019 - 08:28 GMT

Egypt’s Arrears to Foreign Oil Companies Declined to $900 Million at the End of June

It causes dirty water to evaporate and pass through membrane which cleans in.
July 11th, 2019 - 09:58 GMT

Researchers at Saudi University Invent Device to Solve Energy Shortages and Dirty Water Issues

The 777 Freighter is the world’s largest and most capable twin-engine freighter.
July 11th, 2019 - 09:45 GMT

Qatar Orders Five Boeing 777 Freighters

Automation is now a key driver for the full spectrum of industries, including ecommerce.
July 11th, 2019 - 09:16 GMT

Report: Middle East Logistics Market to Reach $66.3 Billion by 2020

Moody’s issued a report saying Jordan's debt-to-GDP ratio is expected to be on a gradually declining path as fiscal consolidation in the Kingdom is expected to resume this year and next.
July 11th, 2019 - 09:05 GMT

Foreign Direct Investments in Jordan Plummet by $33 Billion in Q1 2019

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