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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 new acquisition will serve as housing for Florida Atlantic University, Palm Beach State College and Lynn University students.  (Wikimedia Commons)
March 20th, 2016 - 11:30 GMT

Investcorp moves into US student housing: $220M to acquire Florida and Minnesota properties

According to the new regulations Private and international schools can no longer hire non-Saudi teachers for Arabic language, Islamic education and social sciences. (Arab News)
March 20th, 2016 - 10:35 GMT

Saudi Arabia tightens restrictions on foreign teacher recruitment

Studies have shown that any increase in broadband connection by 10 percent contributes to increased GDP. (Twitter)
March 20th, 2016 - 10:20 GMT

Lebanon's fibre-optic network installation back on track

Ban Ki-moon and Jim Yong Kim will be also joined by the President of the Islamic Development Bank Group Mohammed Ali Al Madani in their visit to Lebanon. (AFP/Don Emmert)
March 20th, 2016 - 08:30 GMT

Ban Ki-moon, World Bank President to visit Jordan, Lebanon and Tunisia

Oil prices have picked up, but energy companies are still apprehensive as witnessed by declines in rig activity. (File photo)
March 20th, 2016 - 07:29 GMT

Oil rallies to 2016 high on news of Doha meeting

The University of Lausanne report assessed the level of adherence of the Qatari regulations to the ILO principles on labour conditions. (File photo)
March 20th, 2016 - 06:39 GMT

'Significant improvements' in Qatar's treatment of migrant workers : ILO

Russian emergency rescuer walks through wreckage of the flydubai passenger jet which crashed, killing all 62 people on board as it tried to land in bad weather in the city of Rostov-on-Don on March 19, 2016. (AFP)
March 20th, 2016 - 05:07 GMT

Flydubai announces $20,000 compensation to each family of crash victims

Port Arthur Refinery in Houston, which will be solely controlled by Saudi Refining Inc after the breakup of Motiva. (AFP/File)
March 17th, 2016 - 01:39 GMT

Saudi Aramco, Shell to dissolve 20-year joint US venture

The Leviathan development plan calls for eight production wells to be drilled along with two pipelines. (File photo)
March 17th, 2016 - 01:00 GMT

Noble Energy plans to have Leviathan gas flowing by 2019

The power station in south Cairo is under development at a total cost of $1.7 billion to generate 1.950 megawatts. (File photo)
March 17th, 2016 - 12:00 GMT

Kuwait Fund approves $108M loan to Egypt for new power station

Brent and WTI crude currently stand around $39 and $37 a barrel respectively from lows of below $30. (File photo)
March 17th, 2016 - 11:00 GMT

Qatar to host oil production-freeze talks April 17

Nonprofit groups in the US have long raised money to be sent overseas to Israel, in addition to the billions in aid pledged each year by the US government. (AFP/File)
March 17th, 2016 - 10:00 GMT

US NGO raises over $24M for Israeli soldiers in one night

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