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Strait of Hormuz
April 22nd, 2026 - 08:21 GMT
Sally Shakkour

Sally Shakkour

Crypto scam scandal: Ships pay fake IRGC officials to pass at Strait of Hormuz

ALBAWABA - A new scandal has deepened the crack in the Strait of Hormuz following the discovery of a scam group luring ships, strained at the waterway due to closure by the Islamic Revolutionary Guard (IRGC), for money for a safe passage. According to news reports, the Indian-flagged oil tanker 'SANMAR HERALD', which was fired upon by Iranian gunboats last Sunday, fell victim to a crypto scam. In detail, the ...
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Bahrain’s dinar recovered from 17-year lows and its bond prices rebounded after GCC allies promised to avert debt crisis. (Shutterstock)
June 28th, 2018 - 11:48 GMT

Bahrain Bond Prices Recover After Gulf Allies Support Pledge

Arif Naqvi, the embattled founder of Dubai-based Abraaj Group, will not return to the UAE while there is the threat of imprisonment hanging over him. (AFP)
June 28th, 2018 - 11:43 GMT

Abraaj’s Naqvi Will Not Return to UAE Until Arrest Warrant Is Lifted

A Qatar Airways Boeing 777-300 is moved on the Tarmac of Le Bourget airport on June 18, 2017. (AFP)
June 28th, 2018 - 09:14 GMT

UAE, Saudi Arabia, Bahrain and Egypt File Complaint Against Qatar at UN Highest Court

Crypto prices were under pressure in recent weeks, with Bitcoin falling 70% from its December high just short of $20,000. (Pixabay)
June 28th, 2018 - 08:06 GMT

Bitcoin Edges Higher; Hong Kong’s SFC to Keep an Eye on Crypto

The project is part of 10X initiatives of Dubai Aviation Engineering Projects (DAEP). (Shutterstock)
June 28th, 2018 - 07:54 GMT

World's First Multi-Mode Super Port in Dubai

There is a growing awareness about GDPR across the UAE. (Shutterstock)
June 28th, 2018 - 07:47 GMT

UAE Businesses Must Secure Data or Risk €20 Million Fine

Fake Currency Seized From a Syrian Expat in Kuwait. (Pixabay)
June 28th, 2018 - 07:35 GMT

Fake Currency Seized From a Syrian Expat in Kuwait

24k gold was priced at Dh151.75 in Dubai and 22k can be bought at Dh142.50. (Shutterstock)
June 28th, 2018 - 07:27 GMT

Dubai Gold Remains Near 6-Month Low

Sensex suffered more losses as rupee hits record low. (Pixabay)
June 28th, 2018 - 07:23 GMT

Indian Rupee Collapses to Lifetime Low Against US Dollar

Kuwait city occupied the fourth place among Arab cities preceded by Cairo, Rabat and Casablanca respectively. (Shutterstock)
June 28th, 2018 - 07:13 GMT

Kuwait Ranks Last Among GCC in Terms of Living Costs for Expats

The UAE is the biggest trade partner of Hong Kong in the Middle East, as the value of the non-oil trade exchange between the two countries accounted for $8.9 billion in 2017. (File/ photo)
June 27th, 2018 - 10:55 GMT

UAE-Hong Kong Non-Oil Trade Reaches $8.9 Billion

The official said a U.S. delegation would head to the Middle East next week to encourage Gulf oil producers to ensure global oil supplies as Iran is cut out of the market as of November. (Shutterstock)
June 27th, 2018 - 10:46 GMT

US Pushing Allies to Stop Iran Oil Imports

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