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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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Qatar's Ministry of Economy has asked users to immediately stop using the Victoria's Secret product and return it for a full refund. (Courtesy of Cover Kingdom)
January 15th, 2018 - 06:00 GMT

Victoria's Secret Phone Cases Recalled After Reports of Skin Rashes, Burns: Qatar

Here are the top five things you need to know in global markets today Monday, January 15. (Shutterstock)
January 15th, 2018 - 01:30 GMT

Gold Higher on Weaker Dollar: Top 5 Things to Know Today in the Markets

Saudi Arabia and Japan signed six MoUs on the sidelines of the Saudi-Japanese Business Forum that kicked off in Riyadh this week. (Courtesy of SPA)
January 15th, 2018 - 12:32 GMT

Saudi Arabia Meets 40 percent of Japan’s Energy Needs: Khaled Al-Falih

Kuwait has ordered all ministries to prepare their lists of expats to expel by March 2019. (Shutterstock)
January 15th, 2018 - 11:43 GMT

Kuwait Pushes Ahead With Kuwaitization of Government Jobs

In this article, Masdar CEO Mohamed Jameel Al Ramahi gives his thoughts on renewable energy and the year ahead. (Courtesy of Masdar)
January 15th, 2018 - 09:57 GMT

Masdar CEO Gives His 2018 Predictions, Thoughts on Renewable Energy

Consumers in Oman will pay more for electricity from February 1, with ‘fees’ based on consumption, authorities have revealed. (File photo)
January 15th, 2018 - 09:33 GMT

Oman Introduces New Taxes on Electricity Consumption, Hospitality

Banks across the GCC are expected to see stabilization of the financial profiles and performance after two years of significant pressure, according to S&P Global Ratings. (Shutterstock)
January 14th, 2018 - 12:24 GMT

GCC Banks to Stabilize in 2018: Report

“We don’t have a real economy in Lebanon. The model we have been living in for the past 25 years is no longer sustainable. We need a change.” - Raed Khoury, Minister of Economy and Trade (Courtesy of The Daily Star)
January 14th, 2018 - 12:13 GMT

McKinsey to Pitch Ideal Economic Model for Lebanon in Six Months: Minister

A penthouse on the Palm that went for Dh102 million was the priciest deal in Dubai’s property market last year. (Shutterstock)
January 14th, 2018 - 10:01 GMT

Top 10 Priciest Dubai Property Deals in 2017: Photos

British shoppers tightened their spending over Christmas, leading to the first year-on-year fall in spending since 2012. (Shutterstock)
January 11th, 2018 - 06:00 GMT

British Shoppers' Spending at Lowest Level Since 2012: Survey

The Egyptian Parliament this week approved the country’s first-ever bankruptcy law. (AFP)
January 11th, 2018 - 09:34 GMT

Egyptian Parliament Approves Country's First Bankruptcy Law

The new Taif project includes a technology oasis, new airport, residential suburb, industrial city, and university campus. (Shutterstock)
January 11th, 2018 - 09:15 GMT

Saudi Arabia Starts Work on Major Solar Energy Plant for New Taif Project

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