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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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Fintech startups have recently started taping the unmet demand from smaller cities and industries in terms of credit and financial guidance. (Shutterstock)
March 28th, 2019 - 10:47 GMT

Report: India Ranks Second Globally With Largest Number of Fintech Startups

Two-hundred and seventy five workers at Careem offices in the UAE, Germany and Pakistan will become millionaires after the company's acquisition by fellow ride-sharing app Uber. (File/Photo)
March 28th, 2019 - 10:40 GMT

Hundreds of Careem Employees in UAE to Become Millionaires

Together, China, the US and India accounted for nearly 70 per cent of the rise in energy demand around the world, stated the Global Energy & CO2 Status Report released by IEA today (March 27). (Shutterstock)
March 28th, 2019 - 09:51 GMT

Report: Global Energy Demand Hits Fastest Pace in a Decade

Mobile operators in Bahrain have started rolling out the necessary network infrastructure, said the minister, adding that commercial services will become available by June. (Shutterstock)
March 28th, 2019 - 09:44 GMT

Bahrain Fully Prepared to Launch 5G Network

Under the agreement, Zain KSA is selling only its passive, physical infrastructure to IHS and will retain its intelligent software, technology and intellectual property with respect to managing its network. (Shutterstock)
March 28th, 2019 - 09:35 GMT

Zain KSA Seals $666 Million Deal on Selling, Leasing Infrastructure

Saudi Aramco’s planned initial public offering (IPO) is set to be the biggest in history — and so requires some equally historic moves in preparing for the share sale. (Shutterstock)
March 28th, 2019 - 08:54 GMT

Saudi Aramco’s Acquisition of 70 Percent Stake in SABIC Paves Way for IPO

The new ranking shows that the Kingdom advanced 33 positions from the previous 46th ranking it obtained in 2016. (Shutterstock)
March 28th, 2019 - 08:33 GMT

Saudi Arabia Ranks 1st in the Arab World on Global Cybersecurity Index

A Department of Energy official said the requests contained proprietary information and that the authorisations went through a multi-agency approval process. (Shutterstock)
March 28th, 2019 - 08:20 GMT

US Approves Selling Secret Nuclear Power Technology for Saudi Arabia

Four key technology trends are playing a big role in shaping companies’ strategies for delivering growth amid today’s pervasive change. (Shutterstock)
March 28th, 2019 - 08:12 GMT

4 Technology Trends in Oil and Gas for 2019

The new Arar crossing with Iraq, which is under construction, will be equipped with state-of-the-art technology and meet global standards. (Shutterstock)
March 26th, 2019 - 01:03 GMT

Saudi Arabia to Develop Trade Ties With Iraq

The report also indicates that Sunday is the cheapest day for travel, whereas prices increase on Thursday. (Shutterstock)
March 26th, 2019 - 12:54 GMT

Report: GCC Mobile Travel Bookings Soars 110 Percent in 2018

The move is in connection with the acquisition of Careem by Uber Technologies, a San Francisco headquartered transportation network company. (Shutterstock)
March 26th, 2019 - 12:44 GMT

Leading Travel and Tourism Company Exits Careem in $474 Million Deal

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