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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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Lebanon’s GDP is estimated at $60 billion, and the tax rate on profits is at least 10 percent among individuals, institutions and companies
September 16th, 2019 - 06:00 GMT

Lebanon Pushed by French Pressure to End Tax Evasio

The CPI of August, 2019 excluding housing, water, electricity and other fuel group stands at 110.78 points
September 15th, 2019 - 01:00 GMT

Qatar’s Consumer Price Index Rose 1.16 Percent in August

work has started on 55 projects that will provide a total of 100,000 residential units.
September 15th, 2019 - 12:30 GMT

Saudi Arabia Starts Working on $633 Million Residential Development

The jobs are expected to be filled by skilled and talented Omanis who will also help the Sultanate meet its Omanisation plans
September 15th, 2019 - 12:00 GMT

21,000 Jobs to Be Created in Oman Over 5 Years

Russia claims there could be as much as $35 trillion worth of untapped oil and natural gas in its Arctic region.
September 15th, 2019 - 11:30 GMT

World’s First Floating Nuclear Plant Arrives to Russia

In addition Iran wants investment in its oil sector, to the tune of hundreds of billions.
September 15th, 2019 - 11:00 GMT

Iran Demands for Waivers to Export Oil After Attacks on Saudi Arabia

Aramco’s industrial security teams have controlled the blazes and their spread in Aramco’s two facilities were limited
September 15th, 2019 - 10:00 GMT

Aramco Cuts Output by 5.7 Million bpd Due to Attack

The exemption is applicable for tourists travelling to the country from July 15 to September 15 every year.
September 15th, 2019 - 09:30 GMT

UAE: Tourist Visa Fee Waiver for Children Younger Than 18 Ends Today

The package is meant as an incentive to keep Iran in the nuclear agreement in the face of US’ efforts to drive the country’s oil exports to zero.
September 15th, 2019 - 09:00 GMT

Iran: EU’s $15 Billion Credit Line Has Nothing to Do With Sanctions Relief

Under such circumstances, it is hoped that bilateral ties between Iran and Turkey will experience a significant rise
September 15th, 2019 - 08:30 GMT

Iran: Turkish Companies Interested in Investing in Iranian Market

As of year-end 2018, the company had proven (1P) reserves of approximately 667 million barrels (mmbbl) of oil
September 15th, 2019 - 08:00 GMT

Upstream Oil and Gas M&A Volume Soars to $130.5 Billion in Q2

Turkey's Export Master Plan revealed at the end of last month prioritized some Latin America countries.
September 15th, 2019 - 07:00 GMT

Turkey Eyes Exporting to Latin America

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