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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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Insurance system to replace bank guarantee for employment, 48 hours free visa for transit travellers. (Shutterstock)
June 14th, 2018 - 06:18 GMT

Sheikh Mohammed Announces New Job, Visa Rules in UAE

Eighteen of 31 analysts and traders in a global poll predicted that the 24 countries in the joint accord will agree to raise output when they meet in Vienna. (Pexels)
June 13th, 2018 - 10:03 GMT

OPEC Likely to Agree Production Increase Next Week: Survey

The report by the Washington-based Center for Advanced Defense Studies, relying on leaked property data from the city-state, offers evidence to support the long-whispered rumours about Dubai's real-estate boom. (Shutterstock)
June 13th, 2018 - 10:00 GMT

Dubai Real Estate a Money-Laundering Haven for 'War Profiteers, Terror Financiers'

Bitcoin has now slid more than 50% for the year, down from a record high of $19,511 it hit in December. (Shutterstock)
June 13th, 2018 - 09:57 GMT

Bitcoin Collapses to Lowest Level Since February

To keep the residents updated, The Ministry Of Human Resources and Emiratisation, keeps sharing updates about the fines in the UAE. (Shutterstock)
June 13th, 2018 - 09:28 GMT

You May Have to Pay Your Salary as Fine for Doing This in UAE

The longer-term residency option and 100 per cent foreign ownership could allow segments of the population to build deeper roots in the country through real estate purchase. (Shutterstock)
June 13th, 2018 - 08:24 GMT

Visa Reforms May Stimulate Real Estate Purchases in UAE

Reflecting the UAE's zero-tolerance for illicit trade, government bodies in the UAE seize fake goods worth billions of dirhams every year in their campaigns against illicit trade.(Khaleej Times)
June 13th, 2018 - 07:12 GMT

The Economist: UAE Ranks 34th in Combating Illicit Trade

Trump was cited by North Korea's official KCNA news agency as saying he made the promise after pledging to end joint military exercises with South Korea. (Shutterstock)
June 13th, 2018 - 07:03 GMT

North Korea State Media Says Trump Agreed to Lift Sanctions

OPEC’s second-biggest producer said supply curbs by the cartel haven’t yet achieved their purpose. (Shutterstock)
June 12th, 2018 - 06:21 GMT

OPEC Resistance to Saudi Supply Plan Grows With Iraqi Defiance

Bitcoin rebounded on Tuesday despite reports that Apple banned mining on all of its devices. (Shutterstock)
June 12th, 2018 - 06:15 GMT

Apple Bans Cryptocurrency Mining on All Devices

The inflation rate has dropped to 11.4 percent in May which is a 2 percent decrease since April. (Shutterstock)
June 12th, 2018 - 06:08 GMT

Egypt’s Inflation Rate Drops Down to 11 Percent in May

The new law must not have negative impacts on human rights. (Shutterstock)
June 12th, 2018 - 06:04 GMT

Experts to Form Coalition to Provide Recommendations on New Income Tax Law in Jordan

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