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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 Saudi finance ministry criticised the downgrade
October 1st, 2019 - 11:30 GMT

Fitch Downgrades Saudi Arabia’s Credit Rating

Exports of gasoline and other oil products started in late August
October 1st, 2019 - 11:00 GMT

Iran Plans to Generate $1.5 Billion Monthly Revenues Out of Gasoline Exports

Aramco is planning to select about 15 bookrunners in total
October 1st, 2019 - 10:00 GMT

Saudi Aramco to Pay Base Dividend of $75 Billion in 2020

The US postponed a further tariff hike on Chinese goods, and China lifted punitive duties on soybeans. 
October 1st, 2019 - 09:30 GMT

China Is Sending Its Top Negotiator to US for Trade Talks

Bahrain introduced dedicated venues to resolve commercial disputes with electronic service of process
October 1st, 2019 - 09:00 GMT

Bahrain Among Top 20 Most Improved Global Economies

The Treasury will borrow 38.9 billion Turkish liras ($6.88 billion) from domestic markets in the next three months.
October 1st, 2019 - 08:30 GMT

Turkish Treasury to Repay Debt Worth $10.23 Billion

A total of 100,000 bookings made by direct debit would be refunded within the next 14 days.
October 1st, 2019 - 08:00 GMT

Thomas Cook Owes Egypt Operator $7.7 Million

Salaries, wages and related benefits accounted for 57.4 percent of the total in the covered period
October 1st, 2019 - 07:30 GMT

Payments to Public-Sector Employees in Lebanon Exceed $3 Billion in First Half

Banks are considering strategies to hang on to the loans long enough to extract some profit.
October 1st, 2019 - 07:00 GMT

Will Ankara’s Most Aggressive Decision Save the Banking Sector?

Around 150,000 people were affected by the flight cancellations.
October 1st, 2019 - 06:30 GMT

Thomas Cook Subsidiaries in Belgium, Netherlands Announce Bankruptcy

Inflation will drop to about 5% next year from a high of 7.8% last year.
October 1st, 2019 - 06:00 GMT

Tunisia’s Budget to Hit $16.4 Billion in 2020

Central bank was securing the foreign currency needs of the private and public sectors
September 30th, 2019 - 12:30 GMT

Lebanon: New Circular is set to Reduce Pressure on Dollar Demand

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