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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 Shanghai Composite Index lost 0.5 points to 2,880.52 and Tokyo’s Nikkei 225 shed 0.4% to 20,603.43. Hong Kong’s Hang Seng inched up 0.1% to 26,260.52.
August 21st, 2019 - 09:25 GMT

Asian Stock Markets Follow Wall Street Lower Prior to US Fed Release

Through the Qiwa platform, the ministry aims to make a quantum leap in the labor market with ensuring an enhanced efficiency of all sectors.
August 21st, 2019 - 08:59 GMT

Instant Visa Service for Private Firms Only If High Percentage of Saudization Is Achieved

The layoffs are temporary, but the company said in a filing with the state they could last more than six months.
August 21st, 2019 - 08:31 GMT

US Steel to Lay off 200 Workers by End of Next Month

Exporters and farmers have been lamenting that underpricing has caused a surge in the smuggling of saffron to neighboring Afghanistan.
August 21st, 2019 - 08:30 GMT

The Reasons Behind the Decline of Iran Saffron Exports

Huawei reported sales in the six months through June rose 23.2% over a year earlier.
August 21st, 2019 - 08:30 GMT

Huawei Confident of Thriving Despite US Sanctions

Some of the prominent companies in UAE electric vehicle market are Tesla, Inc., Hyundai Motor Company, Volkswagen Motor Company LTM, Bayerische Motoren Werke AG, General Motors Company and Renault.
August 21st, 2019 - 07:58 GMT

UAE Electric Vehicle Market to Grow 32.1 Percent Until 2025

Nearly 39,000 newly-built houses were sold while the rest were second-hand sales last month.
August 21st, 2019 - 07:23 GMT

Turkey Records Over 100,000 House Sales in July

In the first seven months of 2019, the sector’s exports rose 12.8% to $2.2 billion.
August 21st, 2019 - 07:23 GMT

Turkey Aims to Export $12 Billion in Jewelry by 2023

 Prime Minister Boris Johnson.
August 21st, 2019 - 07:16 GMT

UK Worries on Food, Fuel and Drugs Shortages After No-Deal Brexit

A tax of 100 percent will be also levied on electronic smoking devices.
August 21st, 2019 - 07:04 GMT

UAE to Introduce Tax on Sugary Drinks, E-Smoking Devices Next Year

The Singapore-based company uses the Saudi emblem of two crossed swords and a palm tree.
August 21st, 2019 - 06:19 GMT

Singapore-Based Company Tricks Users Into Investing in Saudi Cryptocurrency

Germany’s economy is heavily dependent on exports
August 20th, 2019 - 01:00 GMT

Is Europe's Industrial Powerhouse Heading Towards a Recession?

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