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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 charges unsealed in federal court in Manhattan mirror those against one of Halkbank’s former executives, Mehmet Hakan Atilla.
October 17th, 2019 - 05:56 GMT

US Charges Turkey's Halkbank With Participating in Scheme to Evade Iran Sanctions

IMF stated that the world economy is slowing to its weakest pace
October 16th, 2019 - 01:00 GMT

IMF Hails Saudi Non-Oil Sector’s Growth

The city continues to welcome an increased number of Chinese visitors with positive 12 per cent year-on-year growth
October 16th, 2019 - 12:30 GMT

Chinese Tourists Can Now Get Instant VAT Refunds at Dubai Airports

Italian energy company Eni is gearing up to start drilling for the first oil exploratory
October 16th, 2019 - 12:00 GMT

Bahrain Oil Investments Reach $8 Billion

Facebook is already running a Trump campaign ad that was rejected by CNN and NBC.
October 16th, 2019 - 11:30 GMT

Opinion: What Will Facebook’s Role Be in 2020 Election?

OPEC+, have pledged to cut production by 1.2 million barrels per day (bpd) until March 2020
October 16th, 2019 - 11:00 GMT

OPEC, Allies to Maintain Oil Market Stability Beyond 2020

The pair struck six agreements.
October 16th, 2019 - 10:30 GMT

UAE, Russia Sign Deals Worth $1.3 Billion

34,000 expatriate workers left Oman’s private sector in 2018
October 16th, 2019 - 09:00 GMT

Oman to Track Expats’ Remittance

The country's budget revenues rose 19.5% to hit $116.1 billion year-on-year in Jan.-Sept.
October 16th, 2019 - 08:30 GMT

Turkey’s Budget Posts $15.3 Billion Deficit Within 9 Months

The IMF expects a slight rebound in 2020 but warns of threats ranging from heightened political tensions in the Middle East
October 16th, 2019 - 08:00 GMT

IMF Projects Jordan’s Economy to Grow by 2.2 Percent

The UAE Central Bank, last month, revised the country's forecast upward by 0.4 per cent to 2.4 per cent for 2019
October 16th, 2019 - 07:30 GMT

IMF Slashes UAE’s Growth Outlook to 1.6 Percent

The UAE, specifically Dubai, is expected to welcome approximately 25 million visitors between October 2020 and April 2021
October 16th, 2019 - 07:00 GMT

UAE: Online Hiring in Hospitality Sector Soars by 37 Percent From Q3 2018

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