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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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For the first time, tech giant Cisco tops the list, replacing Salesforce which drops to No. 3.
October 7th, 2019 - 10:46 GMT

Cisco Ranks 1st Among World's Best Workplaces

A man walks past a money exchange in Beirut after Lebanon's central bank announced measures to facilitate access to dollars for importers of petroleum products, wheat, and medicine amid fears of a dollar shortage.
October 7th, 2019 - 08:41 GMT

The One Million Dollar Question: Is the Lebanese Pound at Risk of Devaluation?

The national scheme has so far employed 5,918 Bahrainis, out of the 15,000 who registered.
October 7th, 2019 - 08:37 GMT

17,700 Nationals Hired in Bahrain's Private Sector

DFM General Index jumped 0.74 per cent to 2,781 points, helped nearly 15 per cent gains in stock prices of Agility and Amlak Finance.
October 7th, 2019 - 08:37 GMT

Most GCC Stock Markets Open the Week on Positive Note

The company is currently working with the Roads and Transport Authority in Dubai and Mubadala to look for synergies and developing the UAE project.
October 7th, 2019 - 08:36 GMT

Travel from Abu Dhabi to Dubai in 11 Minutes with UAE Hyperloop

First phase of 5G services provided through network of 2,000 towers across 20 Saudi cities.
October 7th, 2019 - 08:33 GMT

Zain Launches Region’s Largest 5G Network in Saudi Arabia

The global economy is already adjusting to the persistence of the trade war between the US and China.
October 7th, 2019 - 08:28 GMT

US-China Trade War: Major Obstacle for Global GDP Growth

The London-headquartered bank last month announced the shock exit of CEO John Flint after just 18 months in the hot seat but gave no reason for the decision.
October 7th, 2019 - 08:01 GMT

HSBC to Lay off up to 10,000 Employees

The strike has shut down GM production in the United States, impacting its operations in Canada and Mexico where thousands of workers have been temporarily laid off.
October 7th, 2019 - 08:00 GMT

UAW: General Motors Strike Negotiations Take 'Turn for the Worse'

The Middle East and North Africa (Mena) startup ecosystem is growing quickly, with $517 million being invested in 354 deals in 2019 thus far.
October 7th, 2019 - 07:45 GMT

UAE: Home to One Third of FinTech Companies in MENA

Much of Iran's natural gas comes from the South Pars field.
October 7th, 2019 - 07:35 GMT

China Withdraws $5 Billion Iran Gas Field Deal

China, Iraq, Turkey, United Arab Emirates (UAE) and Afghanistan were Iran’s main exports destination in the same period.
October 7th, 2019 - 07:29 GMT

Iran’s Foreign Trade Value Surpasses $42 Billion in H1

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