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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 United States had removed tariffs overnight from over 400 Chinese products in response to requests from US companies.
September 23rd, 2019 - 07:31 GMT

US-China Trade Deal's Status Uncertain After China Cancels US farm Visits

Thomas Cook, which began in 1841 with a one-day train excursion in England and now operates in 16 countries, has been struggling over the past few years.
September 23rd, 2019 - 07:12 GMT

British Company Thomas Cook Collapses, 21000 employees to Lose Their Jobs

India took home the crown as the top-receiving country for earnings made by migrants, comprising 37.2 per cent of total remittances during Q2.
September 23rd, 2019 - 06:34 GMT

Expats' Remittances in UAE Hit $22 Billion in H1

The pickup in non-oil activities is also reflected in the rise in the Purchasing Managers' Index, which reached an average of 58.2 in Q2 2019.
September 23rd, 2019 - 06:34 GMT

UAE's Economy to Grow 2.4 Percent in 2019 Due to Non-Oil Sector

The rise in employment rate during Q2 was the result of the increase in the real estate sector and in other business platforms.
September 23rd, 2019 - 06:34 GMT

UAE Private Sector Employment Increases to 5.1 Million in Q2

Trader License plays a significant role in promoting consumer confidence in shopping for products and services on social networking sites.
September 22nd, 2019 - 01:00 GMT

Women Own 60 Percent of Dubai’s Social Media Businesses

Domestic tourism is also booming across the country, and greatly contributes to the industry’s rapid growth
September 22nd, 2019 - 12:00 GMT

Iran One of the Top Global Destinations for Religious Tourism

The attacks  cemented to the world the great importance of Saudi Arabia and its oil industry.
September 22nd, 2019 - 11:30 GMT

Saudi Aramco Stronger Than Ever After the Attacks

US President Donald Trump announced new sanctions against Iran’s Central Bank
September 22nd, 2019 - 11:00 GMT

World Needs New Economic System to Minimize US Policies on Free Trade

Average time to maturity of central government debt stock was 5.9 years as of the last month.
September 22nd, 2019 - 10:30 GMT

Turkey’s Central Government Gross Debt Stock Reaches $214.8 Billion

The announcement comes as President Donald Trump stated that the United States is introducing sanctions on Iran.
September 22nd, 2019 - 10:00 GMT

Russia Condemns Latest US Sanctions Against Iranian Institutions

The deficit before external grants totalled JD890.5 million, while it was JD795.9 million in 2018’s January-July period.
September 22nd, 2019 - 09:30 GMT

Jordan’s Public Debt Hits JD29.5 Billion End of July

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