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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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Saudi Arabia's central bank on Sunday fined 16 banks
May 20th, 2019 - 07:14 GMT

Saudi Arabia Fines 16 Banks, Including Its Biggest Islamic Bank

The move will strengthen Sudan's "financial position, alleviate pressure on the Sudanese pound and achieve more stability in the exchange rate.
May 20th, 2019 - 06:58 GMT

Saudi Arabia Deposits $250 Million to Sudan

The privileged iqama can be canceled if the bearer is convicted of a crime for which he or she is sentenced to 60 days or fined SR100,000
May 19th, 2019 - 12:46 GMT

Holders of 'Special' Residency Visa in Saudi Arabia Exempted From Expat Levy, Dependent Fees

Items become the property of Customs if they go unclaimed for three months at the Beirut airport or land borders
May 19th, 2019 - 10:55 GMT

Lebanon Auctions Cars in Effort to Raise Money

The inflows stood at $7.1 billion in 2017
May 19th, 2019 - 10:04 GMT

Remittances of Lebanese Expats Equivalent to 12.7 Percent of GDP

The World Bank relied in its report on optimism over the structural economic reforms currently implemented by Tunisian authorities.
May 19th, 2019 - 09:55 GMT

Tunisia to Receive $134 Million Loan to Modernize Its Financial Sector

 The increases exceeded 100 percent compared to prices of the year before.
May 19th, 2019 - 09:46 GMT

Inflation Falls to 44.56 Percent in Sudan

The two ministers signed a memorandum of understanding (MoU) exempting Jordanian and Polish holders of diplomatic passports from entry visas to either country
May 19th, 2019 - 09:39 GMT

Jordan to Enhance Trade, Economic Exchange With Poland

Growth is projected to slow to 1.2 per cent in 2019 as Oman’s commitment to the December 2018 OPEC+ output cut constrains oil production.
May 19th, 2019 - 07:59 GMT

World Bank: Oman to Have Highest Growth Rate Among Its Peers in GCC in 2020

Opec is trying to cut output by 812,000 barrels a day below baseline levels.
May 19th, 2019 - 07:39 GMT

OPEC, Allies Back on Track With Oil Cuts to Steady Market

Many judges now feel that their social security is in real threat
May 19th, 2019 - 07:14 GMT

Judges to Keep the Strike Open in Lebanon

Fitch saw that Qatar should take other procedures to support the liquidity in case of another wave of deposit withdrawals occur.
May 19th, 2019 - 06:29 GMT

Fitch: Banks Face Growing Risks of Asset Quality Deterioration in Qatar

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