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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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Saudi Arabia is expected to have the highest salary increases, but real pay rises net of inflation will average just 1.2 percent. (File photo)
March 16th, 2016 - 06:00 GMT

Double whammy: GCC cutbacks will hit salaries as cost of living rises

Most parents and educators recognize the power of ed-tech to help build social and emotional skills. (Shutterstock)
March 16th, 2016 - 05:00 GMT

MENA private investment into education technology 'shows signs of stagnation': WEF

A company official said they had paid half of the salary to the workers and they are planning to send them back. (File photo)
March 15th, 2016 - 02:00 GMT

Oman: Expatriate staff strike against working conditions, non-payment of salaries

Toronto, the provincial capital of Ontario, Canada. (Wikipedia)
March 15th, 2016 - 12:59 GMT

Canada in drive to attract Gulf investments

The company will carry out preliminary studies in order to understand Egypt’s monetary policy.  (File photo)
March 15th, 2016 - 12:30 GMT

Graviton launches $500M fund to explore Egypt's green energy sector

Jordan's Prime Minister urged more Indonesians to come to the country to study Arabic and Islamic law.  (Wikipedia)
March 15th, 2016 - 12:00 GMT

Jordan courts Indonesian trade, tourists

Other measures being undertaken include the privatisation of state-owned assets including airports, ports and some facilities of Kuwait Petroleum Corp. (File photo)
March 15th, 2016 - 11:00 GMT

Kuwait introduces economic reforms: corporate profits taxed, commodities to be 'repriced'

The recent Arizona law requires parties contracting with the state government to certify that they do not participate in boycotts against Israel. (File photo)
March 15th, 2016 - 10:00 GMT

Arizona follows four US states in passing anti-BDS laws

Muscat continues to develop its infrastructure in response to steady increases in business and leisure arrivals.  (Photo courtesy of Muscat Daily)
March 15th, 2016 - 08:40 GMT

Hilton unveils plans for new hotel in Muscat in 2019

Meydan Racecourse complex also serves as a business and conference integrated facility. (Meydan)
March 15th, 2016 - 07:00 GMT

Dubai's Meydan Group taps $476M from Qatar's QNB for infrastructure ventures

Egypt has been facing a foreign currency crunch since the political upheaval following the 2011 uprising drove away foreign investors and tourists, the country's main source of dollars. (File photo)
March 15th, 2016 - 06:00 GMT

Egypt Central Bank depreciates pound, auctions $198M

Israel Natural Gas Lines is investing in resources to allow the export of gas to Jordan from both Tamar and Leviathan fields.  (Shutterstock)
March 15th, 2016 - 05:11 GMT

Jordan to receive natural gas from Israeli pipeline by 2017

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