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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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The projects include the expansion of a milk production unit in the central city of Sidi Bouzid at a cost of at least USD 17 million.
June 26th, 2019 - 07:58 GMT

Tunisia to Invest over $204 Million in Vital Projects

The applicant should be at least a bachelor's degree holder or its equivalent; have at least five years of work experience, have a valid employment contract and a monthly salary of not less than Dh30,000.
June 26th, 2019 - 07:48 GMT

Here's Who Can Apply for UAE's Gold Card and How

The #YouthForGood initiative, the first of its kind in the world, aims to promote the use of Twitter to support humanitarian and social causes and sustain a culture of volunteering among youth in the region and the world.
June 26th, 2019 - 07:36 GMT

UAE Launches #YouthForGood, First of Its Kind Initiative in the World

The UAE has seen its rating improve seven places since the launch of the report in 2012-13 till date.
June 26th, 2019 - 07:30 GMT

UAE Ranks 1st Among Its Peers in Mideast in FutureBrand Index

On Tuesday, gold broke above technical resistance which has thwarted every rally for half a decade to finally rise above $1,400.
June 26th, 2019 - 06:40 GMT

Gold Prices Surge to 6-Year High, Exceeding $1400

The purpose of the amnesty scheme, which will end on June 30, is to allow the non-documented economy's inclusion in the taxation system to trigger economic revival and growth by encouraging a tax compliance in the economy.
June 26th, 2019 - 06:17 GMT

Pakistanis to Declare over $6 Billion of Assets in Foreign Countries

Turkish people gather to celebrate after the Istanbul mayoral elections re-run, at Kadikoy in Istanbul, on June 23, 2019.
June 25th, 2019 - 02:30 GMT

Turkish Lira Up 2 Percent After Istanbul’s Mayoral Elections

China is ranked as the first country to exports to Bahrain with BD58 million
June 25th, 2019 - 01:00 GMT

Bahrain-Origin Exports Surge 16 Percent Reaching $553 Million in May

CBUAE's held-to-maturity securities rose to around Dh41.65 billion in May
June 25th, 2019 - 12:30 GMT

UAE Central Bank’s Foreign Currency Assets Hit $103 Billion

The sanctions are aimed at denying Iran’s leadership access to financial resources, blocking them from using the United States financial system or having access to any assets in the United States.
June 25th, 2019 - 12:00 GMT

Trump Imposes Financial Sanctions on Iran's Khamenei

Bitcoin has proven that there is a growing appetite for a financial system devoid of middlemen and monolithic institutions.
June 25th, 2019 - 11:30 GMT

Why Facebook's Cryptocurrency Will Be a Game Changer

The growth of banking assets has also slowed down in almost all core Islamic finance markets.
June 25th, 2019 - 10:54 GMT

S&P: Islamic Finance Industry to Continue Growing Due to Volatility in Oil Prices, Geopolitical Risk

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