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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 remittances sent by overseas Pakistanis increased by12 per cent to $14.35 billion in the first eight months of fiscal year 2018-19. (Shutterstock)
April 9th, 2019 - 10:22 GMT

UAE Provides 200,000 Jobs to Pakistanis Every Year

Qatar saw a robust 9.8 percent growth in their smartphone shipments quarter-on-quarter. (Shutterstock)
April 9th, 2019 - 09:11 GMT

Qatar Sees Almost 10 Percent Growth in Smartphone Shipments in 2018 Q4

The World Bank revised its GDP growth estimate for Lebanon to just 0.2 percent from 1 percent in 2018. (Shuttertock)
April 9th, 2019 - 09:09 GMT

World Bank: Lebanon’s GDP Growth to Decline to 0.2 Percent

Oman has been ranked sixth in the Arab world in terms of investment in technology. (Shutterstock)
April 9th, 2019 - 08:53 GMT

Oman Ranks Sixth Among Its Peers in MENA for Tech Investments

The performance of various GCC market indices diverged during the month with Saudi Arabian Tadawul index. (AFP)
April 9th, 2019 - 08:49 GMT

Saudi Arabia Market Leads the GCC, Standing at 12.3 Percent

The Middle East has woefully low levels of women in top management positions.(Shutterstock)
April 9th, 2019 - 08:45 GMT

Bank of Palestine's Board to Have 50/50 Gender Split

The Middle East has woefully low levels of women in top management positions.(Shutterstock)
April 9th, 2019 - 07:39 GMT

Palestine Banker Calls for Quota System for Women Board Members Across the Middle East

The financial market manipulation violated all norms of accepted conduct and will not be allowed to go unchecked. (Shutterstock)
April 9th, 2019 - 06:47 GMT

Qatar Sues Saudi, UAE Banks Over Manipulation of Qatari Riyal

The Kingdom has been trading its oil in dollars for decades and that has served well its financing and monetary needs. (Shutterstock)
April 9th, 2019 - 06:19 GMT

Saudi Arabia Rejects Non-Dollar Oil Trade

Morocco has made notable development in the field of scientific research related to the energy sector. (Shutterstock)
April 9th, 2019 - 06:17 GMT

Energy Sector Investments in Morocco Exceeds $13 Billion

Saudi Aramco’s crucial bond issue, set to close on Wednesday, has already attracted higher-than-expected interest from international investor. (Shutterstock)
April 9th, 2019 - 06:16 GMT

Saudi Aramco's International Bond Issue Attracts $30 Billion

Double taxation avoidance agreements allocate taxing rights and ensure individuals and businesses are only taxed once. (Shutterstock)
April 9th, 2019 - 05:44 GMT

UAE-Saudi Double Tax Avoidance Agreement to Boost Bilateral Trade

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