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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 teachers on temporary contracts, who have been on strike since March 3, enjoy the same salaries as their permanent colleagues - 5,000 dirhams ($520) a month. (AFP)
March 25th, 2019 - 10:32 GMT

Thousands of Teachers Protest in Morocco Demanding Social Justice

Luxor. (Shutterstock)
March 25th, 2019 - 09:33 GMT

Egypt Ranks First as Billionaires’ Most Desired Country to Visit in 2019

As per the deal, 600 MW will be offered by the Office of Renewable Energy Projects Development (Repdo) in a public competition. (Shutterstock)
March 25th, 2019 - 09:13 GMT

Saudi Arabia to Float Tenders for Solar Project in Makkah

Share of non-oil sector in country's economy will rise to 80% in next 5 years. (Shutterstock)
March 25th, 2019 - 09:02 GMT

UAE Focuses on Asia to Expand Non-Oil Foreign Trade

Only a third (34 per cent) of institutional investors noted that they are altering European and UK allocations as a result of Brexit. (Shutterstock)
March 25th, 2019 - 08:51 GMT

EMEA Fixed Income Investors Optimistic About Current Economic Expansion

As predicted by pundits, the steady downturn is expected to sustain through 2019 before stabilising in 2020 with recovery expected to start in 2021. (Shutterstock)
March 25th, 2019 - 08:09 GMT

5 Cheapest Areas to Buy Property in Dubai

Turkish lokum, olive oil, figs, hazelnuts may be among products promoted under new brand name. (Shutterstock)
March 25th, 2019 - 07:57 GMT

Turkey to Launch Global Umbrella Brand for High-Quality Exported Goods

For the first time, Abu Dhabi's Hub71 will bring together three key pillars that are essential for the success of Abu Dhabi's technology ecosystem - capital providers, business enablers and strategic partners.  (Shutterstock)
March 25th, 2019 - 07:30 GMT

UAE Launches Dh535 Million Hub for Tech Startups

The acquisition comes ahead of Uber's long-awaited IPO next month, expected to value it at $120 billion. (Shutterstock)
March 25th, 2019 - 07:01 GMT

Uber to Acquire Its MEA Rival Careem for $3.1 Billion

Major chunk of this investment is expected to come from the UAE, Saudi Arabia and China. (Shutterstock)
March 24th, 2019 - 05:00 GMT

Pakistan to Revive Its Economy With $50 Billion Foreign Investment

The application for refunds will be submitted to the bureau, which will perform an initial audit and then request the FTA to refund the amount. (Shutterstock)
March 24th, 2019 - 11:50 GMT

Participants at Expo 2020 Dubai Entitled to VAT Refunds

Egyptian officials are trying to instil new life into its textile industry, which contributes almost 3% of GDP. (Shutterstock)
March 24th, 2019 - 11:05 GMT

Will Egypt's Cotton Industry Flourish Again?

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