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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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US government agencies have already been banned from buying equipment from Huawei.
September 10th, 2019 - 09:43 GMT

Chinese Professor Sued in US for ‘Aiding Huawei’

The US Silicon Valley major not only fears losing a key client, as Huawei buys Microsoft software for its laptops, but also to lose its grip on the global technology market if the US proceeds with restrictions.
September 10th, 2019 - 09:43 GMT

Microsoft: Trump’s 'Unfair' Treatment of Huawei May Harm US Companies

As much as $16 billion have been allocated to meet the demands for basic necessities over the past six months.
September 10th, 2019 - 09:32 GMT

Iran’s Foreign Currencies Market Is Stable Despite US Pressures

In 2018 Turkish-U.S. trade was around $20.6 billion.
September 10th, 2019 - 09:25 GMT

Turkey, US Bilateral Trade Volume to Reach $100 Billion

The first half of this year witnessed a 10.6 decline in exports to neighbouring Iraq, valued at JD21.6 million.
September 10th, 2019 - 08:32 GMT

Jordan's Exports to Iraq Plummet by Almost 11 Percent Despite Recent Agreements

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman speaks during the opening ceremony of the 24th World Energy Congress (WEC) in the UAE capital Abu Dhabi on September 9, 2019. In his first comments since being appointed by his father King Salman, the minister signalled no major change in approach in Saudi Arabia, the de facto leader of OPEC which pumps about a third of the cartel's oil.
September 10th, 2019 - 07:18 GMT

Saudi Arabia Plans to Enrich Uranium for Nuclear Power

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman speaks during the opening ceremony of the 24th World Energy Congress (WEC) in the UAE capital Abu Dhabi on September 9, 2019. In his first comments since being appointed by his father King Salman, the minister signalled no major change in approach in Saudi Arabia, the de facto leader of OPEC which pumps about a third of the cartel's oil.
September 10th, 2019 - 06:44 GMT

New Saudi Energy Minister to Continue a Similar Policy to That of Al-Falih

Changes to income tax would be procedural, and no changes would be made to overall tax policy or tax rates.
September 10th, 2019 - 06:28 GMT

Egypt to Simplify Tax Procedures to Boost FDI

Prices climbed for a fourth day running on Monday
September 9th, 2019 - 01:30 GMT

Oil Prices Rise as Saudi Arabia Assigns New Energy Minister

China’s GDP growth was 6.2 percent on-year in the second quarter, the lowest rate in nearly three decades.
September 9th, 2019 - 01:00 GMT

China’s Exports Slip in August as US Trade War Rumbles

Pressure has mounted on Saikawa, a Ghosn protege, given the company’s poor performance and strained ties with Renault.
September 9th, 2019 - 12:30 GMT

Nissan CEO Mulls Resigning

The government’s medium-term program, announced a year ago, forecast economic growth of 2.3% this year and 3.5% in 2020.
September 9th, 2019 - 12:00 GMT

Erdogan: Turkey Plans for Economic Growth of 5 Percent in 2020

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