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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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This year’s outlook is the first to highlight the huge impact that falling battery costs will have on the electricity mix over the coming decades. (Shutterstock)
June 21st, 2018 - 06:18 GMT

Batteries Boom Enables World to Get Half of Electricity From Wind and Solar by 2050

Syrian refugee Sahira Zoubi works on a new handbag, made from recycled newspapers, at an up-cycling workshop in Irbid city, northern Jordan, May 9, 2018. (JT)
June 20th, 2018 - 08:58 GMT

Syrian Refugees Recycling Rubbish Into Revenue in Jordan

Four Egyptian companies among its list of 100 most powerful public companies in the Middle East and North African regions.
June 20th, 2018 - 08:29 GMT

4 Egyptian Companies Among the Top 100 Powerful in the MENA

The government will cut public spending by JD150 million this year and will implement a series of projects to improve services, said Prime Minister Omar Razzaz. (AFP)
June 20th, 2018 - 08:20 GMT

Jordanian Government to Cut Public Spending by JD150 Million

Emirates ranking jumped one place to 17th globally. (Shutterstock)
June 20th, 2018 - 07:21 GMT

UAE Most Digitally Advanced in the Region

Luxury hotel units at Al Mahra Resort by Cristal can now be purchased in Bitcoins or similar digital currency. (Shutterstock)
June 20th, 2018 - 06:44 GMT

Luxury Hotel Units in UAE Available for Purchase in Bitcoin

Under the new initiative called 'Protect yourself by modifying your status'. (shutterstock)
June 20th, 2018 - 06:39 GMT

UAE to Offer Grace Period for Illegal Residents

According to the Ministry of Manpower, there are several types of work visas available in Oman. (Shutterstock)
June 20th, 2018 - 06:30 GMT

More Firms Go for Short Term Omani Work Visas for Expats

The fee caps apply to banking consumer related charges for example, home loans and late fees for credit cards. (Shutterstock)
June 20th, 2018 - 06:24 GMT

UAE Central Bank Announces New Fee Caps on Retail Customer Service

Saudi Arabia lifted a 35-year ban on cinemas late last year. (Shutterstock)
June 19th, 2018 - 10:18 GMT

Saudi Arabia Dismisses Entertainment Chief

It’s a 2.1-million square foot e-commerce free zone, made to provide technology-enabled warehouses for manufacturers to store their goods before being shipped off to global markets. (Shutterstock)
June 19th, 2018 - 09:31 GMT

Why the UAE Is Poised to Be the Next E-Commerce Capital

Bitcoin and similar cryptocurrencies have "a range of shortcomings" that prevent them from becoming usable government-backed currencies. (Shutterstock)
June 19th, 2018 - 09:23 GMT

Banking Experts: Cryptocurrencies Can't Work as Real Money

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