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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 app aims to take the hassle out of the journey of a lifetime by making it more organized, spiritually invigorating and a treasured experience
August 7th, 2019 - 11:00 GMT

Pakistani Startup Creates World’s First Virtual Reality Hajj Simulator

One of the robbers then went to the vault, which was open, and filled a backpack with 1,567 gold coins.
August 7th, 2019 - 10:30 GMT

Inspired by ‘La Casa De Papel’? Armed Robbers in Mexico Steal over $2 Million in Gold Coins

The bankruptcy filing represents a significant fall for a nearly century-old luxury retailer that attracted cutting-edge fashion designers, celebrities and bestowed an aura of chic among its shoppers.
August 7th, 2019 - 10:00 GMT

US Retail Tycoon Barneys Files for Bankruptcy

Disney shares were trading 5% lower after it reported a steeper earnings decline than Wall Street expected on Tuesday.
August 7th, 2019 - 09:30 GMT

Disney to Compete with Netflix by Bundling Disney+, Hulu, ESPN+

Twitter said it could have shared a user's data with its advertising partners or displayed ads based on the information it collected without permission. 
August 7th, 2019 - 09:00 GMT

Twitter Admits Using User Data for Ads Without Permission

Moody's expects full-year profitability to decline to a still sound 1.7 per cent, from 1.8 per cent in 2018
August 7th, 2019 - 08:30 GMT

UAE’s Four Largest Banks H1 Profit Exceeds $5 Billion

CBJ provides finance tools with a total amount of JD1.2 billion for investors
August 7th, 2019 - 08:00 GMT

Foreign Currency Reserve Stands at $14 Billion in Jordan

The total revenues on apartments during the first seven months of 2019 also dropped by 21 per cent
August 7th, 2019 - 07:30 GMT

Real Estate’s Trade Volume Plummets by 21 Percent in Jordan

In May, IMG said Egypt's efforts "in achieving macroeconomic stabilization, a recovery in growth, and an improvement in the business climate" have been successful.
August 7th, 2019 - 07:00 GMT

Egypt Receives Final $2 Billion Portion of IMF Bailout Package

Bahrain expected the budget deficit to fall from 6.2 percent of GDP in 2018 to 3.4 percent in 2019 and then to 2.1 percent in 2020.
August 7th, 2019 - 06:30 GMT

Bahrain’s Budget Deficit Down to $1.07 Billion

For the rental market, declines overall have seen a modest drop when comparing with prices from the last six months.
August 7th, 2019 - 05:50 GMT

Dubai House Rents Continue to Slide in H1 2019

Saudi women participation is estimated at around 20 percent compared to 63 percent for men.
August 6th, 2019 - 01:30 GMT

Women to Retire at Age of 60 in Saudi Arabia

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