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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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Visa waiver is psychologically positive and motivates tourist to travel to the country without any problem
July 1st, 2019 - 12:00 GMT

Iran: Visa Waiver for Chinese to Create Travel Incentives

The government’s fuel pricing committee on Sunday decided to lower the prices of gasoline and diesel, citing a fall in international prices of crude oil
July 1st, 2019 - 11:30 GMT

Jordan Cuts Fuel Prices for July

Christine Lagarde.
July 1st, 2019 - 11:13 GMT

Christine Lagarde Could Become the First Female President Heading the ECB

This comes in line with the BTEA’s long-term strategy to develop the local tourism sector and contribute to diversifying the non-oil sectors of the national economy
July 1st, 2019 - 10:00 GMT

Tourism Contributes BD20 Million to Bahrain's Economy in Q1 2019

Gold prices fell more than 1 per cent, their lowest in a week.
July 1st, 2019 - 09:34 GMT

Gold Prices Fall After Hitting Six-Year High

Iran says as long as the trade mechanism does not cover oil exports and banking transactions, it is of no use to the country. 
July 1st, 2019 - 09:30 GMT

Iran, Turkey Use National Currencies for 35 Percent of Their Bilateral Trade in 2018

The ministry had scheduled meetings to rectify the conditions of over 16,000 expats employed by 112 businesses
July 1st, 2019 - 09:00 GMT

Oman Determined to Improve Working Conditions for Over 16,000 Expat Workers

OPEC and its allies led by Russia have been reducing oil output since 2017 to prevent prices from sliding.
July 1st, 2019 - 08:30 GMT

OPEC, Allies to Extend Oil Supply Cuts for 9 Months

The “no-backdoor” agreement on paper seems like a lucrative option and an attempt to convince the government of one of the biggest markets in the world to allow Huawei in.
July 1st, 2019 - 06:53 GMT

Will India Accept Huawei's 'No-Backdoor' Offer?

Representative from Dubai Chamber Azerbaijan's office.
July 1st, 2019 - 06:33 GMT

Dubai,Ukraine Non-Oil Trade Soars to $571 Million in 2018

As part of its enhancing its legal and regulatory framework, the DIFC Authority recently enacted new insolvency and employment laws.
July 1st, 2019 - 06:22 GMT

Dubai Introduces Flexible Regulatory Regime for Certain Firms

The UAE levied 5 per cent VAT on selected goods and services from January 1, 2018, in order to boost revenues and diversify economy away from hydrocarbon dependence.
July 1st, 2019 - 06:14 GMT

Dubai Receives 42 Percent of UAE's Total VAT Revenue

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