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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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Renewable energy projects currently provide a total of 1,100 megawatts of electricity.
April 22nd, 2019 - 09:00 GMT

Jordan's Investment in Renewable Energy to Exceed $4 Billion Mark by 2021

The emirate's economy will continue to rely on real estate as its main growth driver at 3.65%.
April 22nd, 2019 - 08:29 GMT

Dubai's GDP to Tumble in 2021 After Hitting 3.8 Percent in 2020

The merger will reshape the financial sector in Qatar.
April 22nd, 2019 - 08:00 GMT

Two Major Qatari Banks Complete Legal Merger

Iran’s biggest oil customers, including China and India, have been lobbying for extensions to sanction waivers.
April 22nd, 2019 - 07:30 GMT

Oil Prices Soar Amid US Announcement of Zero Tolerance for Iran Oil Imports

The initiative will see the delivery of $3 billion in assistance to the country.
April 22nd, 2019 - 07:00 GMT

Saudi Arabia, UAE to Support Sudan With $3 Billion

The acquisition supports Saudi Aramco’s plan to increase the complexity and capacity of its refineries.
April 22nd, 2019 - 05:00 GMT

Saudi Aramco to Acquire Shell’s 50 Percent Stake in Sasref JV for $631 Million

Oil facility on Khark Island in southern Iran.
April 22nd, 2019 - 04:00 GMT

US to End Iran Sanctions Waivers

 Former Nissan Motor Chairman Carlos Ghosn sits inside a car as he leaves his lawyer's office after being released on bail from Tokyo Detention House, in Tokyo, Japan on March 6, 2019. He was subsequently detained again.
April 22nd, 2019 - 03:00 GMT

Nissan Ex-Chief Ghosn Charged With Breach of Trust

A storm in the making. Public servants during a protest in downtown Beirut against cuts to their salaries, April 17.
April 21st, 2019 - 11:00 GMT

Will Austerity Plans in Lebanon Rescue Its Collapsing Economy, or Will It Just Fuel the People?

A driver fills his car with gasoline after queueing in front of a petrol station in the Syrian capital Damascus.
April 21st, 2019 - 10:30 GMT

Syria Struggles With Chronic Petrol Crisis

If charged and found guilty, the maximum punishment could be is the death penalty.
April 21st, 2019 - 10:00 GMT

Bitcoin-Rich Couple Might Face Death Penalty in Thailand

The report by Tadawul, issued on Sunday, showed the rise of Gulf investors possession in the Saudi shares market to 2.04 percent.
April 21st, 2019 - 09:00 GMT

17.5 Percent Increase Makes Saudi Stock Market One of the World’s Best Stock Markets

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