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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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Majid Jafar, CEO of Crescent Petroleum
September 9th, 2019 - 11:40 GMT

Natural Gas Is More Important Than Ever to the Growth of Mena Economies

The tanker, loaded with Iranian crude oil, was detained off the coast of Gibraltar by the UK navy in early July
September 9th, 2019 - 11:30 GMT

Iran’s Formerly Detained Tanker Sells Oil at Planned Destination

Iran was Turkey’s 19th biggest export destination and the 11th biggest exporter of goods to the country during the period.
September 9th, 2019 - 11:00 GMT

Iran, Turkey Bilateral Trade Exceeds $4 Billion During the First Seven Months

The agreement plans to offer investment insurances through the Investment Guarantee Agency (MIGA)
September 9th, 2019 - 10:30 GMT

World Bank, Yemen Agree to Enhance Central Bank Abilities, Stabilize Exchange Rate

UAE will support any decision taken in consensus within OPEC
September 9th, 2019 - 10:00 GMT

UAE: Oil Producers Committed to Balancing Market

Sudan's government will work to tackle the crisis through short-term and long-term programmes.
September 9th, 2019 - 09:30 GMT

Sudan Announces 200-Day Emergency Plan to Restore the Deteriorated Economy

Number of expats in the country had declined, creating more job opportunities for the locals
September 9th, 2019 - 08:30 GMT

Over 34 Thousand Foreign Workers Left Oman in 2018 Due to Omanisation

British Airways (BA) should share more of its profits with its pilots.
September 9th, 2019 - 08:13 GMT

British Airways Faces First-Ever Strike Pilots' Strike

The taxpayer who applies for the provisions of the income tax law may not re-apply for simplified tax treatment until after five years.
September 9th, 2019 - 07:30 GMT

Egypt Includes Tax Incentives for SMEs in New Draft Law

The increase was estimated at 46 percent compared to the results of the same period last year.
September 9th, 2019 - 07:00 GMT

Over 6 Million Tourists Visited Tunisia in 2019

Tehran wants to restart selling its oil.
September 9th, 2019 - 06:30 GMT

US to Sanction Iranian Oil’s Buyers

Size of the Kingdom's cybersecurity market is projected to swell to $3 billion this year.
September 8th, 2019 - 11:04 GMT

Saudi Arabia’s Cybersecurity Market to Grow to $5.5 Billion by 2023

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