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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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Kuwait government agrees with a proposal to tax remittances made by expatriates and denied that the Central Bank raised objections. (Shutterstock)
March 28th, 2018 - 08:20 GMT

Kuwait Government Agrees With Proposal to Tax Expats’ Remittances

With construction work well under way ahead of the opening of the event in 31 months’ time, the property market remains stubbornly in the doldrums. (Shutterstock)
March 28th, 2018 - 07:43 GMT

Dubai Property Market to Banish Real Estate Gloom With Expo 2020 Megaprojects

The new Aqaba port will begin its operations mid-2018. (Shutterstock)
March 27th, 2018 - 12:00 GMT

Jordan: New Aqaba Port to Begin Operations in Mid-2018

The GCC has over 700 healthcare projects worth $60.9 billion in various stages of development. (Shutterstock)
March 27th, 2018 - 11:00 GMT

Doctors, Nurses: UAE Health Sector to Create More Jobs in 2018

Businesses, consumers and governments in the GCC are increasingly victims of a varied range of cybercrimes. (Shutterstock)
March 27th, 2018 - 09:52 GMT

Cyber Attacks a ‘Real Threat’ to GCC Businesses: Analysts

Plenty of GCC firms plan to develop dynamic compensation strategies this year. (Shutterstock)
March 27th, 2018 - 09:31 GMT

Salaries in GCC: Employers 'Cautious' About Pay Rises, Bonuses in 2018

The Kingdom and US have signed 46 deals in these sectors, of which 13 are in the oil and gas sector and six each in the defense and technology sectors. (Shutterstock)
March 27th, 2018 - 08:10 GMT

Worth $400 Billion: New Saudi-US Deals to Create 750,000 Jobs

Abu Dhabi’s Crown Prince inspected the nuclear power plant at Barakah, and posted photos from Monday’s ceremony. (GN)
March 27th, 2018 - 06:58 GMT

UAE Inaugurates First Nuclear Power Plant, Three More on the Way

UAE free zones offer attractive options for UK firms looking to relocate businesses. (Shutterstock)
March 26th, 2018 - 12:00 GMT

Dubai Perfect Destination for UK Businesses After Brexit: Survey

Pajero models from January 2013 to December 2017 are affected by the recall. (Shutterstock)
March 26th, 2018 - 08:26 GMT

More Than 53,000 Mitsubishi Pajeros Recalled in UAE Over Airbag Trouble

The Top CEO Awards, are designed to honor the region’s top 100 CEOs from publicly listed companies. (Top CEO ME)
March 26th, 2018 - 07:25 GMT

Top CEO Conference and Awards Returns to Saudi Arabia Next Month

Turkish side imposed strict rules of origins on the Jordanian exports similar to those of Europe in the past. (Shutterstock)
March 26th, 2018 - 07:01 GMT

Jordan-Turkey Free Trade Agreement 'Failed to Serve National Economy'

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