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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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Overall loans to deposit ratio (LDR) increased to 88.3 per cent with eight of top nine banks in the LDR "green zone" of between 80 and 100 per cent.
June 27th, 2019 - 07:48 GMT

Non-Performing Loans Fall in UAE After New Central Bank Methodology

The Umm Lulu Gas Treatment Platform (ULGTP), weighing 32,000 metric tonnes (MT), is one of five platforms fully manufactured by the NPCC at its fabrication yard in Musaffah, Abu Dhabi.
June 27th, 2019 - 07:39 GMT

UAE Completes World’s Largest Offshore Platforms

Libra's founding members include large payment companies, technology firms, marketplaces, and even some service companies.
June 27th, 2019 - 07:13 GMT

The Opportunities and Challenges Facebook's Cryptocurrency Will Face

The family of 737 Max aircraft will not receive certification from the FAA until it has satisfied all requirements and is safe to return to service, the company said.
June 27th, 2019 - 07:05 GMT

New 'Risk' Discovered on Boeing 737 Max

 France's President Emmanuel Macron (L) shakes hands with Japan's Prime Minister Shinzo Abe prior to the Japan-France summit at Abe's official residence in Tokyo on June 26, 2019.
June 27th, 2019 - 06:56 GMT

Macron: 'Synergies, Alliances' Required to Strengthen Renault-Nissan Partnership

Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, and South Korean President Moon Jae-In shake hands during a meeting at the Presidential Blue House in Seoul on Wednesday.
June 26th, 2019 - 10:51 GMT

Saudi Arabia Signs 15 New Agreements With Investors in South Korea

On Tuesday, the Chinese company confirmed that it was shutting down its solar energy business, selling inverters, in the United States amid the ongoing US-China trade war and growing opposition from both the White House and members of Congress.
June 26th, 2019 - 10:30 GMT

Huawei Enters Israeli Solar Energy Market Post Closure of Its Solar Operations in US

China's President Xi Jinping shakes hands with US President Donald Trump during a business leaders event at the Great Hall of the People in Beijing.
June 26th, 2019 - 09:58 GMT

US Hopes to Restart China Trade Talks While Not Accepting Conditions on Tariff Use

US trade war with China remains in high gear as Washington hiked tariffs on $200 billion worth of Chinese goods in mid-May.
June 26th, 2019 - 09:46 GMT

Huawei to Continue Providing 5G Products Despite US Sanctions

Autonomous shooting travel pods will drop guests off at mesmerising destinations, while miniature eco-systems protected from the elements by bubble-like structures will mirror their surroundings.
June 26th, 2019 - 08:43 GMT

This Is How Hotels Will Look like in 2119

The federal government will retain Dh8.1 billion (30 per cent of collected revenues) while the remaining Dh18.9 billion will be divided among the emirates.
June 26th, 2019 - 08:34 GMT

UAE’s VAT Revenue Exceeds Estimates, Hits $7.4 Billion

A cut in servicing the cost of Lebanon’s massive public debt has been factored into the 2019 draft state budget that aims to slice the deficit to 7.6% of GDP.
June 26th, 2019 - 08:09 GMT

Zero Percent Economic Growth Projected for Lebanon this Year

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