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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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The UAE ranked the best country where digital companies can thrive. (Shutterstock)
June 5th, 2018 - 07:50 GMT

UAE Is the Most Digital-Friendly Country in the Middle East

One has to work almost 6 days to earn enough to buy an iPhone X. (Shutterstock)
June 5th, 2018 - 07:40 GMT

Riyadh Among World’s Costly Cities

The sources explained this means the number of expatriates has not increased but somehow declined. (Shutterstock)
June 5th, 2018 - 07:10 GMT

Remittances of Expats in Kuwait Drop by 13 Percent

Egypt witnessed a 22 % annual growth in the total amount of online payments, estimated at $6.2 billion of transactions in 2016. (Shutterstock)
June 5th, 2018 - 06:51 GMT

Egypt Plans to Impose VAT on All Online Transactions

Trading and gains should be further bolstered in the bourses following the decision to transform the Abu Dhabi Investment Council (ADIA) into a public shareholding company under Mubadala. (Shutterstock)
June 4th, 2018 - 10:07 GMT

UAE Bourses Forecast to Rise in June

Among the key initiatives is also a Dubai National Design Center. (Shutterstock)
June 4th, 2018 - 09:58 GMT

Dubai Launches 4-Year Design Plan for City

The price of oil recently hit $80 a barrel but the price retreated to $77 a barrel on May 26 after Saudi Arabia and Russia said they were ready to ease supply curbs. (Shutterstock)
June 4th, 2018 - 09:41 GMT

Oil Price Uncertainty Becomes Major Budget Concern for Egypt

The Shacklewell Lane Mosque in Dalston, east London, has decided to accept bitcoin and other cryptocurrencies. (AFP)
June 4th, 2018 - 09:18 GMT

This London-Based Mosque Now Accepts Donations in Bitcoin!

UAE dedicates day to remembering the charity and good reputation the late Sheikh Zayed exuded. (KhT)
June 4th, 2018 - 09:12 GMT

UAE Mobile Networks Change Their Name to 'Zayed Humanitarian Day'

With the rise in oil prices, normal household budgets are set to rise, but the economy will generate more jobs and attract more investment, say experts. (Shutterstock)
June 4th, 2018 - 08:37 GMT

Inflation to Rise Alongside Oil Prices in UAE

Qatar's real gross domestic product (GDP) will accelerate from 2.6 percent in 2018 to 2.7 percent in 2019. (Shutterstock)
June 4th, 2018 - 08:13 GMT

Qatar's Economic Growth to Accelerate in 2019: IMF

The proposed law seeks to increase the number of income tax payers from 90 per cent to 95 per cent. (Shutterstock)
June 4th, 2018 - 07:13 GMT

New Tax Law Vital for Jordan’s Credit Rating

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