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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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In January 2016 Iraq exported an average of 3.88 million barrels a day, including exports from Iraqi Kurdistan. (File photo)
March 10th, 2016 - 05:00 GMT

Iraq is the third largest market for infrastructure projects in the GCC

Hilton Salwa Beach Resort & Villas Hilton will include a water park, marina, dive center, cinemas, pools, health club, spa and retail space. (Hill International)
March 9th, 2016 - 02:02 GMT

Qatar's tourism drive is in full swing

Saudi Aramco recently announced the possibility of an initial public offering in the future. (File photo)
March 9th, 2016 - 01:37 GMT

Saudi Aramco to ramp up production over next ten years

Saudi Arabian Airlines has urged travel agencies in Kuwait to stop booking flights to Lebanon, according to Kuwait's al-Qabas newspaper. (Wikimedia Commons)
March 9th, 2016 - 12:00 GMT

Lebanese facing visa refusals, canceled tickets as GCC turns up pressure

Despite shrinking GCC budgets, defense companies are poised for exponential growth due to continued conflict in the region. (AFP/File)
March 9th, 2016 - 11:06 GMT

Paramount Group defense firm forecasts rocketing sales from Mideast conflicts

Salalah Port, Oman (Port Technology)
March 9th, 2016 - 09:00 GMT

Oman and Iran sign ports development deal

Hesan Alkhaleej will also have sand-filtering technologies.  (Image courtesy of Trade Arabia)
March 9th, 2016 - 08:00 GMT

Siemens unveils 'Horse of the Gulf' high-speed GCC train

The Labor Ministry would also be providing support to pay part of the salaries of employed Saudis. (AFP/File)
March 9th, 2016 - 07:00 GMT

Saudization of mobile industry ordered by September 2

The National News Agency had reported that charges against Abou Merhi were dismissed as 'null in all forms'. (File photo)
March 9th, 2016 - 05:51 GMT

US refutes claims that Lebanese tycoon is cleared

DubaiSat-two, which was launched into orbit in 2013, was 70 per cent designed by Emiratis. (Shutterstock)
March 8th, 2016 - 01:30 GMT

Seeing stars: UAE Space Agency to launch four new satellites by 2020

Etihad and Turkish Airlines are vying over transcontinental traffic, but the latter have 79 million domestic customers in Turkey. (Wikipedia)
March 8th, 2016 - 12:30 GMT

Turkish Airlines a 'worthy rival' to UAE carriers: Boeing

Ooredoo will work with leading telecommunications providers to deliver international network connectivity. (File photo)
March 8th, 2016 - 12:23 GMT

Qatar inks global network deal with Ooredoo

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