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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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Egypt became self-sufficient in natural gas in late 2018
October 22nd, 2019 - 06:30 GMT

Egypt Exports 172.8 Billion Cubic Feet of LNG from Idku in 2018/19

when the final deal about this zone is reached, the two countries will start discussing the resumption of oil production.
October 22nd, 2019 - 06:00 GMT

Kuwait, Saudi Arabia Agree to Resume Neutral Oil Production Zone

Poverty and unemployment rates have reached nearly 75 percent in 2019.
October 21st, 2019 - 10:43 GMT

Poverty Rate in Gaza Strip Highest in the World

In 2018-19, India's exports to the US stood at $52.4 billion, while imports were $35.5 billion.
October 21st, 2019 - 10:35 GMT

India-US Trade Negotiations Going in 'Full Speed'

The Saudi market rose 2 per cent, extending gains for a third straight session with all banking stocks higher.
October 21st, 2019 - 10:27 GMT

Saudi Stock Market Soars While Other GCC Markets Plummet

The announcement was made by FATF President Xiangmin Liu who expressed satisfaction over the steps taken by Pakistan.
October 21st, 2019 - 09:54 GMT

Pakistan Aims to Get Country out of the Anti-Money Laundering Body's Grey List

The first pre-order phase was supposed to run from October 6 to 16 - but units were sold out after just three days. The second batch started on October 17.
October 21st, 2019 - 09:36 GMT

Samsung Galaxy Fold Second Pre-Order Phase Sells out Again; Third Wave on October 23

This issue does not affect iPod touch or any iPad models that have Wi-Fi only. It also doesn't affect iOS devices newer than those listed above.
October 21st, 2019 - 09:24 GMT

Apple Issues iOS Update Warning for Users Using These Devices

Samsung Galaxy Note10 series will be available for sale with benefits of up to Rs12,000.
October 21st, 2019 - 08:52 GMT

Samsung India Announces Offers on Galaxy Note10, S10 Series

Nineteen real-estate companies, four jewelry firms, five money exchange companies and four insurance firms were compelled to comply with the relevant laws.
October 21st, 2019 - 08:08 GMT

Kuwait Takes Action against Companies Linked to Money Laundering, Funding Terrorism

More than a quarter of the Lebanese population lives below the poverty line, according to the World Bank.
October 21st, 2019 - 08:08 GMT

Lebanon Banks Remain Closed on Monday

Tourist guide Hiba al-Aaidy said that this was the first all-female group to visit the region.
October 21st, 2019 - 08:07 GMT

NEOM Hosts First Female Tourist Group from Saudi Arabia

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