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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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Dollars are still available in the ATMs, perhaps not in all the banks, but in most of the banks
September 24th, 2019 - 06:30 GMT

Lebanon: Dollars Available, Customer Demand Met

“The wheat reserve at the mills has fallen to a level that represents a danger
September 24th, 2019 - 06:00 GMT

Wheat Stocks Fall to a Dangerous Level in Lebanon

Empower (Emirates Central Cooling System Corporation).
September 23rd, 2019 - 12:11 GMT

Report: GCC Driving $40 Billion Global District Cooling Market

Oman’s total revenue in 2018 equalled OMR10.949 billion in 2018, while the total expenditure - how much the state has spent during the year - totalled OMR 13.599 billion.
September 23rd, 2019 - 11:46 GMT

Corporate Income Tax Collection Soars in Oman

Hundreds of stores owned by Lebanese have also closed after failing to pay the rent and other expenses, such as electricity bills.
September 23rd, 2019 - 11:05 GMT

Lebanese Merchants Face Unprecedented Economic Slowdown

Zilan Serwud, 22, needed family approval before opening her food truck selling burgers in Iraqi Kurdistan.
September 23rd, 2019 - 11:05 GMT

Resilience is the Key to Success for Female Entrepreneurs in Kurdistan

WhatsApp hasn't made an official announcement yet but several users reported this on Twitter.
September 23rd, 2019 - 10:55 GMT

WhatsApp Rolls Out New Feature for Android Users

Back in February, Iranian and Omani officials celebrated establishment of direct flights between Iran’s Persian Gulf Island of Qeshm and Omani capital city of Muscat.
September 23rd, 2019 - 09:34 GMT

Iran Abolishes Visa Requirements for Omani Nationals

Boris Johnson.
September 23rd, 2019 - 09:24 GMT

UK Blames Iran for Aramco Attack

Stena Impero.
September 23rd, 2019 - 08:35 GMT

Iran to Release British-Flagged Vessel Soon

Non-oil exchange between the two countries reached Dh107.4 billion in 2018, a surge of 35 per cent over 2017.
September 23rd, 2019 - 08:34 GMT

UAE-Saudi Non-Oil Trade Exceeds $113 Billion Over the Past 5 Years

An undated handout picture shows Alison Rose, the new chief executive of Royal Bank of Scotland (RBS).
September 23rd, 2019 - 07:32 GMT

Alison Rose: First Woman to Lead Royal Bank of Scotland

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