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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 Turkish-flagged drillship Fatih launched offshore drilling operations this May in an area 75 kilometers (42 nautical miles) off the western coast of the island of Cyprus.
July 10th, 2019 - 09:15 GMT

US Calls on Turkey to Halt Mediterranean Gas Exploration Activities

The sustained demand for office space has led to a spurt in project launches and completions over the past few quarters.
July 10th, 2019 - 09:14 GMT

Office Space Demand Surge in Egypt Due to Large-Scale Projects

Only a handful of European countries such as Ukraine, Serbia, Bosnia and Herzegovina, Armenia and Georgia offer visa on arrival to Bahrainis.
July 10th, 2019 - 09:13 GMT

Bahraini Nationals May Soon Travel to EU Countries Without Schengen Visa

According to the latest World Bank MENA Economic Update report, the foundations for a complete digital transformation in the GGC region already exist.
July 10th, 2019 - 09:11 GMT

5G's Impact on the Digital Economy in GCC

Saudi banks’ keenness to provide POS terminals for gas stations, other shops, and commercial and service establishments.
July 10th, 2019 - 08:07 GMT

Gas Stations to Provide E-Payment Service in Saudi Arabia

IMF called for energy sector reforms to eliminate quasi-fiscal losses and encourage investment, including by depoliticising gas and power tariff setting.
July 10th, 2019 - 07:46 GMT

IMF Approves Disbursal of First Tranche of $1 Billion Loan to Pakistan

Of the 34 awarded contracts, around 50 per cent went to high-caliber Saudi firms that have proven their ability to handle complex projects.
July 10th, 2019 - 07:33 GMT

Saudi Aramco Awards $18 Billion Contracts to Boost Production Capacity

CSIS's report points out that the counterfeit application even offers bogus SIM unlocking for $19.99.
July 10th, 2019 - 07:19 GMT

Google Suspends Samsung App Over Violating Policies

The Iraqi government said the ban would only last for one year as it intends to increase domestic production in Iraq
July 10th, 2019 - 06:57 GMT

The Reasons Behind Banning Turkish Products in Iraq

The vast restructuring -- which will see 18,000 job losses -- is forecast to cost 7.4 billion euros ($8.3 billion) and will shrink the bank’s capital buffers.
July 10th, 2019 - 06:13 GMT

Deutsche Bank Continues Its Restructuring Process in New York, Tokyo, London

Reports have previously linked DarkMatter to a hacking programme run by the Emirati authorities.
July 10th, 2019 - 06:13 GMT

Mozilla Prevents UAE from Becoming Internet Gatekeeper Fearing It Would Spy on Internet Users

The weaker global economic outlook is keeping oil prices under downward pressure
July 9th, 2019 - 01:00 GMT

Oil Prices Plummet Amid Trade Disputes

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