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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 ...

Almost 90 percent of the electricity generated in 2017 was natural gas, the Jordan News Agency, Petra, reported on Sunday. (File photo)

January 22nd, 2018 - 12:15 GMT

Almost 90 Percent of Electricity Comes From Natural Gas: Jordan

Are unemployed Saudi youth simply lazy? In this article, Saudi writer Azzah Al-Sebaee tries to answer this question. (Shutterstock)

January 22nd, 2018 - 11:42 GMT

Opinion: Are Unemployed Saudis Simply Lazy?

OPEC and non-OPEC countries agreed during a meeting in Muscat to extend the agreement to cut crude oil production until end of this year. (AFP/ File)

January 22nd, 2018 - 09:49 GMT

OPEC, Non-OPEC Countries Agree to Extend Oil Output Cuts Till End of 2018

“Turkey’s economy is not an economy which will be affected by these kinds of small operations,” Turkish PM Binali Yildirim said. (AFP)

January 22nd, 2018 - 09:38 GMT

Operation Afrin in Syria Poses No Threat to Turkey’s Economy: Turkish PM

Saudi Arabia plans to build nine desalination plants for more than SR2 billion ($530 million) on the Red Sea coast, it said on Sunday. (Shutterstock)

January 22nd, 2018 - 09:15 GMT

Saudi Arabia, Largest Producer of Desalinated Water, to Build 9 More Plants

Britain’s biggest listed funeral services company, Dignity, is slashing the cost of its basic funeral by 25 percent with immediate effect, it said on Friday. Others are following suit. (Shutterstock)

January 21st, 2018 - 02:57 GMT

Has Brexit Made Funeral Services Cheaper in UK?

Bosnia has become a favored destination for Arab tourists and investors alike. In the photo: Bosnian women take cover from the rain under umbrellas in Sarajevo, on January 15, 2014. (AFP)

January 21st, 2018 - 02:21 GMT

Arabs Hold Over 40 Percent of Bosnia’s FDI: Turkish Businessman

The rapid growth of US shale producers will shortly knock Saudi Arabia from second to third place, with only Russia ahead, the International Energy Agency said. (Shutterstock)

January 21st, 2018 - 12:29 GMT

Very Soon.. US Could Overtake Saudi Arabia in Oil Production

From Bill Gates to Marc Benioff, read on for some of the most notable technologists speaking at the World Economic Forum this year. (Shutterstock)

January 21st, 2018 - 12:12 GMT

World Economic Forum 2018: Bill Gates, Dara Khosrowshahi and Jack Ma Among Top Speakers

Borrowing money in the UAE could become more difficult as interest rates are expected to increase this year, in line with increases by the US Federal Reserve. (Shutterstock)

January 21st, 2018 - 10:26 GMT

Higher Interest Rates, the End of Easy Borrowing in UAE?

Saudi Arabia has announced the launch of 'Adaa', a dedicated entity for public performance measurement.
(Shutterstock)

January 21st, 2018 - 10:02 GMT

New Center Launched to Rate Performance of Public Services: Saudi Arabia

The Jeddah Tower is projected to be over 1,000 meters (3,281 feet) tall, eclipsing Dubai’s Burj Khalifa, which is over 828 meters. (Photo courtesy of the developer)

January 18th, 2018 - 02:01 GMT

Work Begins on Jeddah Tower, World's Tallest Skyscraper