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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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Aircraft leasing, fuel, staff, ground handling and other expenses must be paid in dollars. (Air Cargo News)
February 25th, 2016 - 08:00 GMT

Air France-KLM urge release of $13M blocked in Egypt

Artist's impression of Nakheel's $280M Palm Gateway Towers. (Nakheel)
February 25th, 2016 - 07:15 GMT

Dubai construction projects underway valued at $390B

The recall follows the discovery of a piece of red plastic in one of Snickers bar purchased in Germany.  (Shutterstock/Ekaterina Minaeva)
February 25th, 2016 - 07:00 GMT

Calorie control: Mars Gulf recalls chocolates, Jordan authorities seize stock

In 2015, remittances from the GCC fell by 27 percent to reach $4.5 billion. (Twitter)
February 25th, 2016 - 06:00 GMT

Gulf expulsions threaten Lebanese remittances

The new offer follows the cancellation of a $750m sale last week. (File photo)
February 25th, 2016 - 05:00 GMT

Bahrain launches $600M bond sale despite junk status rating

The challenge is to translate the donor pledges from the London conference into facts on the ground. Zaatari refugee camp, Jordan. (Wikipedia)
February 24th, 2016 - 01:00 GMT

Jordan needs more than assistance for refugees, it needs investments: UN

A Palestinian boy plays in the ruins of a building that was destroyed in the 2014 war between Israel and Hamas militants, in Gaza City, on February 16, 2016. (AFP/Mohamed Abed)
February 24th, 2016 - 12:00 GMT

Gaza's economic crisis threatens security: Israeli Military Intelligence Chief

Ousta is a word of Turkish origin, meaning mister. It was used to refer to skilled and professional people in their fields. (Cairosh)
February 24th, 2016 - 11:00 GMT

Egypt: Ousta to take on Uber and Careem with app-based car service

Forty percent of cruise operators cancelled lucrative port calls in Turkey following the January 12 bombing in Istanbul. (Shutterstock/Resul Muslu)
February 24th, 2016 - 10:00 GMT

Turkey injects $86.5M into ailing tourism industry

The Kingdom has announced plans to privatize by 2020 all 27 of the airports currently run by GACA. (File photo)
February 24th, 2016 - 09:00 GMT

Luck of the Irish: Dublin Airport firm wins bid to operate Riyadh terminal

As importers sought foreign currency from a growing black market, pressuring the value of the pound, the central bank has taken measures to control the market. (File photo)
February 24th, 2016 - 08:00 GMT

Egypt's Central Bank eases restrictions on import requirements

Iranian Oil Minister Bijan Namdar Zanganeh speaks at a press conference in the capital Tehran. (AFP/File)
February 24th, 2016 - 07:00 GMT

Iran says assumption that they would freeze oil production is 'a joke'

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