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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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Men and women in the UAE will be equally paid according to a new draft law. (Shutterstock)
April 11th, 2018 - 08:50 GMT

Equal Pay: UAE Announces Draft Law to Fix Gender Pay Gap

The private sector’s contribution to the gross domestic product of Saudi Arabia grew to 48 percent in 2017.  (Shutterstock)
April 11th, 2018 - 08:13 GMT

Saudi Arabia: Private Sector's Share in GDP up 48 Percent in 2017

The UAE donated the largest amount to war-torn Yemen. (AFP)
April 11th, 2018 - 07:54 GMT

UAE World’s Largest Donor by National Income, for Fifth Year: OECD

Fear has now replaced greed as the dominant sentiment on Wall Street, with the Chicago Volatility Index up 90 per cent in 2018. (AFP)
April 10th, 2018 - 03:00 GMT

Trump vs. China: How Trade Wars Could Affect Global Markets

Iraqi people were recently rewarded by a law to establish their National Oil Company. (Shutterstock)
April 10th, 2018 - 10:13 GMT

Opinion: Why Iraq’s Proposed National Oil Company Is a Hoax

European Union is the largest trading partner of the GCC. (Shutterstock)
April 10th, 2018 - 09:32 GMT

EU Becomes GCC’s Largest Trading Partner, With Over $175 Billion

The total value of major Expo-related construction projects reached Dh156 billion by the end of March 31, 2018. (Shutterstock))
April 10th, 2018 - 08:19 GMT

Expo 2020: 10 Mega Projects Set to Redesign Dubai’s Landscape

The first units have gone on sale at Sharjah’s Maryam Island, for the Azure Beach Residence project by Eagle Hills Sharjah. (Shutterstock)
April 10th, 2018 - 06:39 GMT

Invest in Sharjah: Home Sales Start at Al Maryam Island

Team Ferrari: Sebastian Vettel achieved a superb victory at Bahrain GP this year. (AFP/ Getty Images)
April 9th, 2018 - 10:34 GMT

33,000 Visitors: Bahrain Grand Prix 2018 Ends With a Bang

Last month was the hottest March ever experienced in Bahrain since 1902. (Wikimedia)
April 9th, 2018 - 09:25 GMT

Bahrain Records Hottest March Ever Since 1902

Jordan and Iraq plan to increase cooperation in the transport field, including through twinning Aqaba and Basra ports. (File photo)
April 9th, 2018 - 09:03 GMT

Jordan, Iraq to Increase Aqaba-Basra Transport Cooperation

All eyes will be on escalating trade rhetoric in the week ahead as investors try to work out whether a series of tit-for-tat responses between the U.S. and China will end in negotiations or an all-out trade war. (Shutterstock)
April 9th, 2018 - 08:23 GMT

US-China Trade Wars: Top 5 Things to Watch in Global Markets This Week

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