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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 Saudi Minister of Labor Dr. Ali Al-Ghafees issued a decision on Monday restricting work in 12 activities and occupations to Saudis. (AFP/ File)
January 30th, 2018 - 10:31 GMT

Foreigners Banned from Working in 12 Jobs: Saudi Minister

Egypt and the US are keen to promote economic and trade cooperation in various fields. (Pictured here: Tareq Qabil, Egypt's Minister of Trade and Industry/ AFP)
January 30th, 2018 - 10:16 GMT

Egypt's Non-Oil Exports to US up 18 Percent in 2017: Minister

LinkedIn analyzed member profiles in 2017 and revealed that words like “successful” and “dynamic” have dropped out of this year's list of the top 10 buzzwords, while words like “focused” and “motivated” have entered the list for the first time. Here's what it means. (Shutterstock)
January 30th, 2018 - 10:01 GMT

Professionals More 'Skilled', Less 'Dynamic': LinkedIn's Top 10 Buzzwords for 2017

Some GCC countries could double the VAT rate to 10 percent, analysts said on Sunday. (File photo)
January 29th, 2018 - 11:22 GMT

Some GCC Countries Could Double VAT to Boost Revenue: Analysts

Oman's Ministry of Manpower on Sunday issued a decision for banning issuance of new visas for workers in 87 professions. (AFP)
January 29th, 2018 - 10:39 GMT

Oman Bans Expats From Working in 87 Professions: Full List

The event opened Sunday and is held at the Riyadh International Convention and Exhibition Center. (AN)
January 29th, 2018 - 10:32 GMT

First IoT Conference Kicks off in Saudi Arabia: Photos

Saad Hariri called on all ministries and public institutions to cut their 2018 budgets by 20 percent. Is it enough to reduce the country's deficit? Economists weigh in. (AFP)
January 29th, 2018 - 08:50 GMT

Lebanon: Hariri's 20 Percent Budget Cut, Enough to Reduce Deficit?

The company attributed the drop in Q4 profit to 'maintenance works in some of its plants'. (Shutterstock)
January 28th, 2018 - 01:41 GMT

Saudi Arabia: SABIC's Net Profit Falls 19 Percent in Q4 2017

Sponsors in Saudi Arabia are now required by law to issue pre-paid ATM cards for housemaids and domestic drivers. (Shutterstock)
January 28th, 2018 - 11:42 GMT

Domestic Workers’ Bank Cards a ‘Welcome Move’: Saudi Arabia

Qatar achieves a trade surplus in December 2017. (File photo)
January 28th, 2018 - 11:27 GMT

Despite Blockade: Qatar’s Trade Surplus Jumps 40 Percent in December

The Saudi Stock Exchange (Tadawul) started Sunday in the green after its main Tadawul All Share Index (TASI) rose 0.07% or 5.62 points, reaching 7,527.26 points. (AFP/ File)
January 28th, 2018 - 10:41 GMT

Saudi Tadawul, Kingdom Holding Shares Soar After Prince Alwaleed Freed

According to the Ministry of Energy, 98 Unleaded Gasoline price has been raised to Dh2.36, 95 Unleaded Gasoline to Dh2.25 and 91 Unleaded Gasoline to Dh2.17. (KT)
January 28th, 2018 - 10:26 GMT

After January Hike, UAE Raises Fuel Prices for February

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