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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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Saudi Oger is one of the country's construction giants with subsidiaries in Dubai, Abu Dhabi and the UK. (Construction Week Online)
March 8th, 2016 - 11:30 GMT

Saudi Oger under pressure over non-payment of salaries

Dubai Studio City TV & Film Commission will also be launching a Short Film Competition for industry professionals and students. (Twitter)
March 8th, 2016 - 09:30 GMT

CABSAT 2016: Entertainment and media companies converge at Dubai event

The new facility will be able to process three billion cu m of gas every day. (Shutterstock)
March 8th, 2016 - 08:38 GMT

Korean consortium wins $2.93B bid to build Kuwaiti LNG import terminal

Production levels at refineries and petroleum plants producing automobile fuels in Oman dropped by 11.6 per cent in 2015. (File photo)
March 8th, 2016 - 07:30 GMT

Oman: Fuel price revision prompts changes in consumer behaviour

Qatar Airways plans to double their capacity to Australia in 2016. (Airline.ee)
March 8th, 2016 - 06:03 GMT

Qatar Airways' new route to Sydney is a coup for Australia

 It costs $100,000 per room to develop a four-star hotel in a global gateway city but a mere $60,000 in Mecca. (File photo)
March 7th, 2016 - 12:00 GMT

Holy profits: Mecca is the most lucrative hotel market worldwide

The British company, Control Risks, has completed its security assessment of Sharm El Sheikh and Marsa Alam airports, in accordance with their contract with the Egyptian government. (AFP/Mohamed El Shahed)
March 7th, 2016 - 11:00 GMT

Egypt: German delegation to assess airport security ahead of flight resumptions

In 2014, over 250,000 patients were treated in private hospitals in Jordan. (Wikimedia Commons)
March 7th, 2016 - 10:00 GMT

Jordan launches new campaign to boost medical tourism visitors

Egypt's foreign reserves have dropped by more than fifty percent since January 2011. (File photo)
March 7th, 2016 - 09:00 GMT

Egypt's Central Bank holds 'exceptional' auction of $500M to cover basic commodities

Last month, Russia's Lukoil, Spain’s Cepsa and France's Total shipped the first oil cargoes from Iran for Europe since the removal of sanctions. (Wikimedia Commons)
March 7th, 2016 - 08:00 GMT

Iran on standby to resume pipeline oil shipments to Egypt

Buzz Aldrin will be joined by Saudi Arabia’s Prince Sultan Bin Salman Bin Abdul Aziz Al Saud, the first Arab to go into space. (AbuDhabi2.com)
March 7th, 2016 - 07:00 GMT

Buzz Aldrin, industry giants to attend Abu Dhabi's Global Aerospace Summit

The resilience of Lebanon's property market will be tested if political instability continues into the longer term. (File photo)
March 7th, 2016 - 06:21 GMT

For now, Lebanon's property market weathers the economic crisis

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