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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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CBI has vowed to put every effort into action to make the redenomination of the rial, which currently stands at around 120,000 to the US dollar. (Shutterstock)
July 31st, 2019 - 12:00 GMT

Iran to Remove Four Zeros off National Currency

The total losses of the Syrian economy amounted to about $226 billion.
July 31st, 2019 - 11:30 GMT

Syrians Demand Higher Salaries as Poverty Rises

IHG said it plans to fully implement the change by 2021.
July 31st, 2019 - 11:00 GMT

International Hospitality Group Reduce Plastic Waste by Ditching Travel-Sized Amenities

Trump's remarks will do little to ease the already tense relationship between Washington and Beijing.
July 31st, 2019 - 09:30 GMT

Asian Stocks Plummet Amid US-China Trade Talks Kick Off

The firm seeks to invest $600 million in Yarimca Harbor, to focus on increasing exports from Turkey.
July 31st, 2019 - 09:00 GMT

New Rail Line Connects Turkish Port With China and UK

In Istanbul on Tuesday, the firms signed an agreement for a new technology transfer and local production project.
July 31st, 2019 - 08:30 GMT

Health Firms’ Deal to Bring $89.5 Million Added Value to Turkey

The results reflect the progress made in the realization of developmental projects according to the Kingdom’s 2030 Vision
July 31st, 2019 - 08:00 GMT

Saudi Arabia Increases Spending in Second Quarter to Spur Growth

Iranian land-based oil inventories, both home and abroad, are showing signs of climbing ever higher.
July 31st, 2019 - 07:30 GMT

Iran's Oil Exports Plummet in July to 100,000 bpd Due to Sanctions, Rising Tensions

Mac, iPad and accessories, plus marked improvement in China, help revenue grow again after 2 quarters of dips.
July 31st, 2019 - 07:00 GMT

Apple Wearables, Services Put the Company Back on the Growth Track

The size of these fines reflects the seriousness with which the DFSA views AIML's and ACLD's contraventions.
July 31st, 2019 - 06:30 GMT

Abraaj Fined Over $314 Million in Dubai

The government is working in accordance with a “gradual “ strategy to improve the quality of services provided within the vital sectors of education, health and transport
July 31st, 2019 - 06:00 GMT

Prices of Electricity to Remain the Same in Jordan

Iraqi economic expert Bassem Jamil Antoun doubted that the agreement could be implemented given the US sanctions imposed on Iran.
July 30th, 2019 - 12:30 GMT

Iraq, Iran Sign MoC to Establish Investment Funds

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