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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's economy is expected to grow at 3 percent next year, according to the IMF. (File photo)
April 18th, 2018 - 10:46 GMT

UAE's Economy to See 3 Percent Growth in 2019: IMF

The 12th edition of Cityscape Abu Dhabi officially kicked off Tuesday. (Photos: The Saudi Gazette)
April 18th, 2018 - 10:39 GMT

Cityscape Abu Dhabi 2018 Kicks off: Photos

The demand for online retail in the UAE, and the region, will continue to grow, according to experts. (File photo)
April 17th, 2018 - 12:00 GMT

Online Retail in Middle East Region Will Continue to Grow: Experts

Tesla has halted production of its Model 3 sedan for the second time this year. (AFP/ File)
April 17th, 2018 - 11:00 GMT

Tesla Halts Production of Model 3 for Second Time This Year

Turkey's budget balance saw a deficit of $5.34 billion in the first quarter of 2018, the Finance Ministry announced on Monday. (AFP/ File)
April 17th, 2018 - 10:55 GMT

Turkey Posts $5.3 Billion Budget Deficit in Q1, Expenses up 17 Percent

UAE residents are less confident about their financial status compared to a year ago, according to a new survey. (File photo)
April 17th, 2018 - 10:05 GMT

UAE Residents Worried About Job Security, Cost of Living in 2018: Survey

The code application is mandatory for large engineering projects and will begin on January 1, 2019. (File photo)
April 17th, 2018 - 08:32 GMT

Saudi Building Code Mandatory for Large Projects, Starting 2019

Retailers in the Middle East are beginning to implement location-based solutions, and the potential is huge. (Shutterstock)
April 16th, 2018 - 12:00 GMT

Location-Based Services Boost for Retailers: Things to Keep in Mind

On Sunday, Middle East equity markets were bullish. (AFP/ File)
April 16th, 2018 - 11:00 GMT

Week Ahead: How Will Geopolitical Risks Affect Global Markets, Oil Prices?

A company in Dubai has rolled out diamond-backed crypto assets and will sell it though blockchain technology. (Shutterstock)
April 16th, 2018 - 09:25 GMT

Diamond-Backed Crypto Assets Now Launched in Dubai

Turkey welcomed over 32.4 million tourists last year. (Shutterstock)
April 16th, 2018 - 08:56 GMT

Turkey Expects 40 Million Tourists, $30 Billion Revenue From Tourism in 2018

A new initiative is being introduced in Dubai and it could just be the answer to all start-up woes. (Shutterstock)
April 16th, 2018 - 08:46 GMT

Dubai: SMEs, Home-Based Businesses to Get E-Commerce Boost

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