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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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Emirates is reportedly set to reduce the frequency of services on a number of routes to Europe, Asia and the US in the coming months. (File photo)
April 9th, 2018 - 08:15 GMT

Emirates to Cut Flight Frequency on US, Europe, Asia Routes

14.2 percent prefer the Tunisian product by "love for the motherland". (Shutterstock)
April 8th, 2018 - 12:00 GMT

50.6 Percent of Tunisians Believe in the Quality of the National Product

Saudi has reportedly announced plans to dig a 200 meters wide, 60 km in length maritime canal along its border with Qatar turning it into an island. (Shutterstock)
April 8th, 2018 - 10:55 GMT

Saudi Arabia Plans Massive Canal to Turn Qatar Into an ‘Island’

The Ministry of Environment, Water and Agriculture announced that corn, olives, grapes and pumpkins will be added to the list of crops banned for export. (Shutterstock)
April 8th, 2018 - 10:31 GMT

Saudi Arabia Adds 4 New Crops to Export Ban List: Sources

Revenues at high-end hotels in Oman has risen over 11 percent in one year, according to recent data. (Shutterstock)
April 8th, 2018 - 10:09 GMT

Oman: High-End Hotel Revenues Up 11 Percent in January

S&P expects the Kingdom to register modest economic growth this year thanks to rising government investment and an improvement in oil prices. (AFP/ File)
April 8th, 2018 - 09:58 GMT

Saudi Arabia's Economic Outlook Remains Stable: S&P

Bahrain put the size of its newest offshore discovery at 80 billion barrels, noting production could begin within the next five years. (File photo)
April 5th, 2018 - 11:00 GMT

Bahrain Estimates New Oil Discovery Has 80 Billion Barrels

Tourism receipts in Tunisia edged up by 23 percent by the end of March. (File photo)
April 5th, 2018 - 10:00 GMT

Tunisia Sees 23 Percent More Tourists in March, Revenues Hit $187 Million

UAE licences were previously only usable for driving and car hire in nine countries. (File photo)
April 5th, 2018 - 09:00 GMT

UAE Driving License Now Accepted in 50 Countries

The new theme park is expected to open in 2022 as part of the 334-square-kilometre Qiddiya ‘entertainment city’ south of Riyadh. (Shutterstock)
April 5th, 2018 - 07:58 GMT

Saudi Arabia Signs Theme Park Deal With US-Based Six Flags

Bahrain has been among the hardest hit of the Gulf economies during the recent period of low oil prices. (Shutterstock)
April 5th, 2018 - 07:51 GMT

Bahrain’s Labor Force Shrinks in 2017, First Time in 5 Years

The laws of Economics are mutable. Is it time to start questioning them? (Shutterstock)
April 4th, 2018 - 01:58 GMT

It's Time to Start Questioning the 5 'Economic Policy Commandments'

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