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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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President Buhari is expected to visit Medina and Mecca prior to continuing to Doha. (Supporting Syria Conference)
February 22nd, 2016 - 01:31 GMT

Nigeria's President Buhari to discuss oil, investments in Saudi and Qatar

The Bo Islands project will be developed in six phases on the Alexandria-Marsa Matrouh north coast road. (Construction Week Online)
February 22nd, 2016 - 12:00 GMT

Crystal Lagoons land $2M for luxury waterfront developments in Egypt

Al Bawaba
February 22nd, 2016 - 11:00 GMT

Harvard Law School students lose funding over support for Palestinians

The Director General of the IMF also suggested to raise revenues via corporate income, property and excise taxes. (Elaph)
February 22nd, 2016 - 09:46 GMT

VAT for GCC agreed at five percent in 2018

The government has waived the recruitment freeze for vital professions such as education and medicine. (File photo)
February 22nd, 2016 - 08:07 GMT

Kuwait's public sector to lay off 'unnecessary' expats by year-end

Despite the losses, Arabtec's investors seem buoyed by the project pipeline. (Venturesonsite.com)
February 22nd, 2016 - 06:00 GMT

Arabtec posts $626M debt for 2015, but investors keep the faith

The donations came from Banque Misr, the National Bank of Egypt (NBE), the Commercial International Bank (CIB), and the Banque du Caire. (File photo)
February 22nd, 2016 - 05:09 GMT

Egyptian banks donate $5.1M towards downtown Cairo redevelopment

Statistics indicate that most of the irregularities were found in single homes rather than in large labour accommodation companies. (Business Insider)
February 21st, 2016 - 03:00 GMT

Bahrain cracks down on unsafe migrant worker housing

Homeowners who rent out their properties in Dubai are now required to meet certain standards and use a Dubai Tourism licensed operator. (Dubai Holiday Villa)
February 21st, 2016 - 02:00 GMT

Dubai introduces new regulations for holiday home rentals

The proposed new capital was announced in March 2015 and will be located 45 kilometers east of Cairo. (Twitter)
February 21st, 2016 - 01:30 GMT

African Development Bank to contribute $1.5B to Egypt's new capital project

Al Bawaba
February 21st, 2016 - 01:00 GMT

True to their word, Iran pumps up the volume

The Saudi Press Agency quoted a Saudi official claiming Hezbollah has "hijacked the will of the state in Lebanon".  (File photo)
February 21st, 2016 - 12:00 GMT

GCC backs Saudi's suspension of $4B arms deal to Lebanon

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