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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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Travel exhibition showcases latest trends in hospitality, aviation. (ATM)
April 22nd, 2018 - 10:00 GMT

Arabian Travel Market 2018 Kicks off in Dubai

The launch of the General Entertainment Authority in 2016 has already had a transformative impact, hosting more than 2,000 events in 2017. (SG)
April 22nd, 2018 - 06:32 GMT

Saudi Arabia Puts Aside $64 Billion for Arts, Entertainment Projects Over Next Decade

According to JLL, year-on-year rents have now declined by 6.5 per cent and 10.2 per cent for apartments and villas, respectively. (Shutterstock)
April 22nd, 2018 - 05:53 GMT

Dubai Rents: More Supply Pushes Prices Down in Popular Areas in 2018

Jordan suspended the free trade agreement deal with Turkey in March this year. (File photo)
April 19th, 2018 - 10:00 GMT

Jordan, Turkey to Renegotiate Suspended FTA Deal

The World Steel Association (Worldsteel) has projected global steel demand will rise 1.8 percent year-on-year in 2018. (File photo)
April 19th, 2018 - 09:00 GMT

World’s Steel Demand to Reach 1.62 Billion Tons in 2018: Report

The UAE is ahead of the global pack in its adoption of blockchain and cryptocurrencies. (File photo)
April 19th, 2018 - 08:00 GMT

UAE Set to Become Global Leader in Blockchain, Cryptocurrencies

The cost of renting prime office space in Abu Dhabi has fallen in the last year and is expected to fall further, according to a report. (File photo)
April 19th, 2018 - 07:00 GMT

Abu Dhabi's Prime Office Rents to Fall Further in 2018: Report

India is the first trading partner for the UAE. (File photo)
April 19th, 2018 - 06:00 GMT

Trade Between UAE, India Likely to Cross $100 Billion by 2020

Dubai Expo 2020 will boost the UAE’s global reputation as the go-to place for major events. (File photo)
April 19th, 2018 - 05:00 GMT

Expo 2020 to Boost UAE’s Reputation as Events Destination: Experts

“We see a significant increase in the interest in Saudi Arabia.” (Photo: AFP)
April 18th, 2018 - 01:00 GMT

Now Is the 'Right Time' to Invest in Saudi Arabia: Analysts

Unemployment in the UK hit 4.2 percent, down from 4.7 percent a year earlier. (AFP/ File)
April 18th, 2018 - 11:20 GMT

UK's Unemployment Falls to 4.2 Percent, Its Lowest Since 1975

UAE retailers are optimistic that the upcoming festive season would witness a significant rise in jewelry and gold sales. (File photo)
April 18th, 2018 - 11:01 GMT

Wedding Season, Eid Al Fitr to Boost Gold Sales in UAE: Retailers

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