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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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Worryingly for Ankara, industrial output fell 6.4% and there are signs of more falls in the months ahead. (Shutterstock)
March 24th, 2019 - 10:52 GMT

Turkey to Face Big Challenges Due to Recession

If the raft of memorandums of understanding bear fruit, they could boost trade from the current $12 billion to $20 billion annually. (File/Photo)
March 24th, 2019 - 10:36 GMT

US-Iran Relations to Hamper Iraq's 'Silk Road' Success

Huawei has repeatedly denied that it shares information with the Chinese government or that its technology is compromised. (Shutterstock)
March 24th, 2019 - 09:44 GMT

EU to Reject Ban on Huawei Despite US Warnings

The Mohammad bin Rashid Al Maktoum Solar Park is the largest single-site solar energy project in the world. (Shutterstock)
March 24th, 2019 - 09:31 GMT

UAE to Spend $163 Billion on Sustainable Energy

Since the campaign began in November 2017, there have been 2,827,564 offenders, including 2,204,460 for violating residency regulations, 432,461 for labor violations and 190,643 for border violations. (Shutterstock)
March 24th, 2019 - 09:22 GMT

Over 2 Million Expats Arrested in Saudi Arabia

Some 60-70% of the Gulf kingdom’s revenues are derived from oil and gas sales, so a doubling of its energy-related earnings would greatly bolster Bahrain’s fragile economy. (Shutterstock)
March 24th, 2019 - 08:57 GMT

Bahrain Ready to Develop Giant Oil, Gas Field

Apple in January revealed that it took a hit in the “Greater China” region. (Shutterstock)
March 24th, 2019 - 08:39 GMT

Apple’s Cook Urges China to Open up Its Economy

State-owned South Valley Egyptian Petroleum Holding Company has invited bids for ten oil and gas exploration blocks in what it said were Egyptian territorial waters in the Red Sea. (Shutterstock)
March 24th, 2019 - 08:27 GMT

Sudan-Egypt Row Escalates Over Red Sea Oil, Gas Bids

Prime Minister Saad Hariri said Tuesday that 12,000 Saudi tourists had visited Lebanon in the weekend directly following the lifting of a Saudi travel warning last month. (Shutterstock)
March 24th, 2019 - 08:12 GMT

Saudi Tourists to Boost Lebanese Tourism Sector This Summer

The 10 million barrels fall in US crude stocks was the largest drop since July 2018, due to a combination of strong exports and higher refining utilization. (Shutterstock)
March 24th, 2019 - 07:03 GMT

All You Need to Know About the Oil Market This Week

Google and Facebook are directly competing for video dominance. (Shutterstock)
March 24th, 2019 - 06:55 GMT

Google, Facebook Projected to Make $176 Billion From Advertising in 2019

The bank's four additional subsidiaries have also been designated. (Shutterstock)
March 23rd, 2019 - 09:00 GMT

US Sanctions Venezuela's Bank Following Arrest of Guaido's Aide

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