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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 ...

Prince Alwaleed was freed on Saturday after reaching a settlement with the Saudi authorities. (Bertrand Guay/ AFP)

January 28th, 2018 - 10:16 GMT

Pay and Leave: Saudi Arabia to Bag $100 Billion in Settlements With Princes

In this article, Ellen R. Wald analyzes the relationship between Khalid al Falih, the Saudi oil minister, and his Russian counterpart Alexander Novak, often referred to as a “bromance”. (Twitter/ Ellen R. Wald)

January 25th, 2018 - 02:28 GMT

Opinion: What's Behind Russia and Saudi Arabia's Oil 'Bromance'?

Philippine's President Rodrigo Duterte asked the 600,000 Filipinos working in Kuwait to pack and leave. Here's why. (AFP)

January 25th, 2018 - 01:07 GMT

President Duterte Asks 600,000 Filipinos in Kuwait to 'Pack and Leave'

The new law, which consists of 47 articles, aims at regulating commercial mortgage contracts. (Shutterstock)

January 25th, 2018 - 12:23 GMT

Saudi Arabia Approves New Commercial Mortgage Law

The UAE has signed a deal with the World Economic Forum (WEF) to establish a Center for Fourth Industrial Revolution. More details here. (Shutterstock)

January 25th, 2018 - 10:08 GMT

Fourth Industrial Revolution Center Coming Soon to UAE!

Projects worth about $6 billion in oil and gas are underway or soon to begin in Bahrain, according to Bahraini oil minister Shaikh Mohammed bin Khalifa. (File photo)

January 25th, 2018 - 09:46 GMT

$6 Billion Oil and Gas Projects Underway in Bahrain: Minister

"Strengthening Canada's economic relationship with countries in Asia-Pacific region, to support prosperity and create jobs for our middle class, is a priority for Canada." - Prime Minister Justin Trudeau (AFP/ File)

January 24th, 2018 - 04:00 GMT

Canada First: Justin Trudeau Strikes Asia-Pacific Trade Agreement, Without US

President Donald Trump’s speech to the World Economic Forum is scheduled for Friday. In the meantime, his delegation made its debut in Davos on Wednesday morning, answering questions on everything from U.S. stock markets to trade with Asia. (AFP)

January 24th, 2018 - 02:54 GMT

Dollar Falls on Trade Worries, Trump Speech at Davos

Iran has identified as many as 15 mines so far, capable of yielding 320 metric tons of processed gold. (Shutterstock)

January 24th, 2018 - 01:00 GMT

Gold Is King: Iran's Gold Production to Hit Record 6 Tonnes in 2018

The decision came after the UAE confirmed it would tackle tax avoidance strategies with tougher reforms. (Shutterstock)

January 24th, 2018 - 12:23 GMT

EU Removes UAE From Tax Haven Blacklist, Keeps Bahrain

Russian investors have approached Saudi Aramco with a proposal to take a stake as the oil giant gears up for an initial public offering (IPO) later this year. (AFP/ File)

January 24th, 2018 - 12:04 GMT

All Eyes on Aramco: Russian Investors Eye Aramco Share Ahead of IPO

With just 1,000 days to go, the Expo 2020 will bring a multitude of opportunities for businesses in the construction, real estate, hospitality and tourism sectors. (Courtesy of BH Engineering)

January 24th, 2018 - 09:15 GMT

Dubai: Countdown Begins For Expo 2020!