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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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Numbers for KSA in Q1 of 2018 show marked improvements against previous tallies, with a sum of 2.7 million malware detections and 9.5 million ransomware threats, or 0.55% of the 1.7 billion ransomware attacks globally. (Pixabay)
June 26th, 2018 - 10:07 GMT

Saudi Cybersecurity Landscape Improving

Kirill Dmitriev, Chief Executive Officer of the Russian Direct Investment Fund, speaks during a session of the St. Petersburg International Economic Forum (SPIEF) in Russia on Monday. (Saudi Gazette)
June 26th, 2018 - 09:46 GMT

Saudi-Russian Oil Cooperation to Stabilize Market

The Jeddah municipality conducted over 5,600 inspection tours around food establishments and issued warning to 1,874 establishments for violating health requirements. (Pixabay)
June 26th, 2018 - 09:16 GMT

879 Eateries Shut During Municipality Inspections in Jeddah

Spot gold was up 0.1 percent at $1,266.26 an ounce, as of 0048 GMT. (Khaleej Times)
June 26th, 2018 - 08:55 GMT

Gold Inches up as Dollar Eases, 24k Priced at Dh153 in Dubai

The world’s biggest exporter is pumping 10 million barrels a day and has the capacity to produce two million more. (CPI Financial)
June 26th, 2018 - 08:45 GMT

Aramco CEO Pledges to Meet Oil Demand After OPEC Strikes a Deal

Most economists agree that Erdogan’s policies caused the rout. (CPI Financial)
June 26th, 2018 - 08:35 GMT

Erdogan's Hot Election Economy Risks a Meltdown After His Win

Arif Naqvi, Founder of Abraaj Group. (CPI Financial)
June 26th, 2018 - 08:12 GMT

Abraaj Founder Faces Criminal Complaint Over a Bouncing Cheque

Dubai and Abu Dhabi fell out of the world's top 25 most expensive cities.(Pixabay)
June 26th, 2018 - 07:26 GMT

Why UAE Has Become More Affordable for Expats

Compared to the UAE, prices in the Nordic states such as Norway and Sweden are higher by nearly 250 per cent and 220 per cent, respectively. (File/Photo)
June 25th, 2018 - 12:24 GMT

UAE Fuel Prices Among Lowest in the World

Tourist visa can now be availed for as short as 10-day visa, one month, and one year tourist visa. (Shutterstock)
June 25th, 2018 - 11:45 GMT

Major Changes in Oman Visa Rules

Turkish lira strengthens against US dollar following Erdogan's election success. (Pixabay)
June 25th, 2018 - 10:12 GMT

Turkey Lira Soars Against Dollar After Erdogan Victory

Dutch Minister for Foreign Trade and Development Cooperation Sigrid Kaag and her delegation meet with officials in Amman on Sunday. (Jordan Times)
June 25th, 2018 - 10:05 GMT

Netherlands Approves €400 Million in Aid for Syrian Refugee Host Countries

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