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Strait of Hormuz

April 22nd, 2026 - 08:21 GMT

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 ...

Unemployment among males stood at 16 percent, while among females it was 27 percent. (Khalil Mazraawi/ AFP)

March 1st, 2018 - 02:50 GMT

Jordan's Unemployment Rate Remains Unchanged, at 18.5 Percent

The new body will commence operations on March 1, and will be responsible for licensing all real estate professionals and developments in Bahrain. (Shutterstock)

March 1st, 2018 - 02:36 GMT

Bahrain Announces New Real Estate Regulatory Authority

The next stage of taxes in the UAE, and other GCC countries, could see taxes on remittances, entertainment, wealth and family dependents of expats. (File photo)

March 1st, 2018 - 02:18 GMT

Dependent Tax: New Wave of Taxes Coming to UAE?

Over the last 15 years, Turkey signed trade deals with some 45 African countries and quadrupled the number of investment deals from six to 26. (Pictured here: Recep Tayyip Erdogan, Turkish president/ File photo)

March 1st, 2018 - 12:17 GMT

Turkey's Trade in Africa Has Never Been Better, and This Infographic Proves It

BP predicts that the Middle East will remain “the largest oil producer and the second largest gas producer” until 2040. (Shutterstock)

March 1st, 2018 - 11:57 GMT

Middle East to Remain Largest Oil Producer Until 2040: BP

Out of the 1,200 respondents, only 5 percent of Lebanese residents had plans to either buy or build a residential property in the coming months. (Shutterstock)

February 28th, 2018 - 06:00 GMT

Demand for Property High in 2017, But Still Far From 2010 Peak: Lebanon

A ministry spokesperson said Iraq realized an average price of $62.59 for a barrel of its oil in January. (Shutterstock)

February 28th, 2018 - 04:00 GMT

Iraq Exports More Than 100 Million Barrels of Oil in January, 3.5 Million a Day

The dollar on Wednesday rose to its strongest level in more than five weeks. (File photo)

February 28th, 2018 - 02:32 GMT

Dollar at Five-Week High: 5 Things to Know in Global Markets Today

Public services requiring government fees in the UAE will not be increased for a period of three years, it was announced on Wednesday. (Pictured here: Sheikh Mohammad Bin Rashid Al Maktoum/ File)

February 28th, 2018 - 12:46 GMT

No Increase in Government Fees for Three Years: UAE

The market for international schools in the Middle East continues to grow, with the total number of schools reaching 1,597 with a little over 1.1 million students. (Shutterstock)

February 28th, 2018 - 10:34 GMT

International Schools in the Middle East on the Rise, With 1.1 Million Students

Abraj Kudai, Saudi Arabia's mammoth project in Mecca. (Courtesy of Dar)

February 28th, 2018 - 10:11 GMT

Saudi Arabia to Overtake UAE in Luxury Hotel Sector: Report

A law on the promotion of digital start-ups and entrepreneurship has been adopted in Tunisia. (Pixabay)

February 27th, 2018 - 06:00 GMT

Tunisia Adopts Law to Promote Entrepreneurship, Digital Startups