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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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VAT revenues will be used to achieve better local services, greater community development and broader support for UAE citizens. (Shutterstock)
January 8th, 2018 - 07:31 GMT

UAE: 70 Percent of VAT Will Go to Local Governments

Here are five stocks with some serious volatility potential to watch in 2018. (Shutterstock)
January 7th, 2018 - 06:00 GMT

Market Outlook: 5 Stocks to Watch in 2018

Online payments in Jordan reached JD3.34 billion in 2017, compared with just JD561 million in 2016. (Shutterstock)
January 7th, 2018 - 01:00 GMT

Online Payments Five Times Higher in 2017: Jordan’s Central Bank

Nile X will be officially launched in the second half of January. (YouTube)
January 7th, 2018 - 12:17 GMT

Nile X: First Egypt-Made Smartphone Ready for Pre-Order

The report also expressed fear of a devastating war with Israel over the next five years. (AFP)
January 7th, 2018 - 11:53 GMT

Political Uncertainty Could Slow Lebanon’s Economic Growth: Report

Qatar, in September last year, launched the Next Chapter of its National Tourism Sector Strategy 2030. (AFP)
January 7th, 2018 - 11:00 GMT

Qatar: Hotels Double in Two Years to Cater to Tourist Influx

King Salman has ordered the payment of a monthly allowance of SR1,000 for government and military staff. (AFP/ File)
January 7th, 2018 - 10:43 GMT

Saudi King Orders SR1,000 Payment to State Employees in 2018

2017 marked the worst year for the U.S. dollar in more than a decade with the Dollar Index falling over 9%. Will the dollar recover in 2018? (Shutterstock)
January 4th, 2018 - 07:00 GMT

Will the US Dollar Recover in 2018?

The Qatari economy has proved resilient, and local sectors will benefit from the increased self-reliance. (AFP)
January 4th, 2018 - 06:00 GMT

Qatar Economy 2017: Resilience and Growth Despite Blockade

Crude oil prices reach their highest level in the last two and a half years. (AFP)
January 4th, 2018 - 12:02 GMT

Oil Prices Hit Highest Level in Three Years on Geopolitical Tensions

The UAE tax authority wants the following elements to be mentioned on any VAT bill. (Shutterstock)
January 4th, 2018 - 10:58 GMT

What Should a VAT Tax Invoice Include in UAE?

Saudi Arabia said the revenue from VAT would go towards infrastructure and developmental works. (AFP)
January 4th, 2018 - 09:59 GMT

Over $9 Billion From VAT in 2018: Saudi Arabia

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