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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 find represents the largest discovery of oil in the Kingdom since 1932, when extraction started on Bahrain’s first oil well within the Bahrain Oil Field. (Shutterstock)
April 2nd, 2018 - 09:00 GMT

Bahrain Announces Giant Oil Discovery, Biggest Since 1932

Careem’s recent acquisition of RoundMenu, a food delivery service, is evidence that it is pushing in to new sectors. (File photo)
April 2nd, 2018 - 06:50 GMT

Keys to Diversification and Profitability in the Gulf Region: Interview With Careem

Under the Solar Power Project Plan 2030, the Kingdom expects to produce 200 gigawatts of the solar power by 2030. (Shutterstock)
April 2nd, 2018 - 06:21 GMT

Saudi Arabia Unveils Plans to Build Major Solar Power Exporter

If approved, the bill will impose a BD400 annual fee for non-Bahraini students. (Courtesy of DT News)
April 1st, 2018 - 12:07 GMT

Bahrain: New Bill to Impose School Fees on Non-Bahraini Students

The economic situation, presence of Syrian refugees and the reluctance of Lebanese citizens to take low-paid jobs has caused unemployment to reach alarming levels. (AFP)
April 1st, 2018 - 11:34 GMT

Lebanon: Unemployment at Alarming Levels Due to Syrian Refugees, Weak Economy

The project includes hotels, chalets, shops, restaurants, and water sports facilities. (File photo)
April 1st, 2018 - 11:13 GMT

Work Begins on $1.5 Billion Tourism Project in Aqaba: Jordan

Saad Sherida al Kaabi, president and CEO of Qatar Petroleum. (File photo)
April 1st, 2018 - 11:09 GMT

Qatar Petroleum Raises Foreign Ownership in Its Subsidiaries to 49 Percent

The Bitcoin rout happened at 15 times the rate of the tech bubble. (Shutterstock)
March 29th, 2018 - 02:00 GMT

Back to $20,000: Is Bitcoin Pain Almost Finished?

Egypt received 730,000 tourists in February 2018, a 35 percent increase compared to the same month in 2017. (Shutterstock)
March 29th, 2018 - 11:51 GMT

Surge in UK Tourists to Egypt in 2018: Analysts

Turkish GDP at current prices climbed to over 3.1 trillion Turkish liras last year, up 19 percent from 2016. (Shutterstock)
March 29th, 2018 - 10:36 GMT

Turkey’s Economy Grows 7 Percent in 2017, GDP up 19 Percent

FTSE Russell will start listing Saudi shares in March 2019 to be completed by December 2019. (Mubasher)
March 29th, 2018 - 10:21 GMT

Saudi Tadawul to Become Largest Bourse in Middle East After FTSE Decision

A deal between OPEC and Russia is likely to be on top of the agenda for the next OPEC meeting. (AFP)
March 28th, 2018 - 08:55 GMT

OPEC, Russia Working on Long-Term Oil Pact: Saudi Prince

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