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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 ...

Can salary increases in the UAE this year cushion the impact of VAT on residents’ wallets? (Shutterstock)

January 4th, 2018 - 08:58 GMT

Will Salary Hikes in UAE Make VAT More Bearable in 2018?

The General Authority for Zakat in Saudi Arabia has announced that all lease contracts concluded before January 1 are exempt from VAT. (Shutterstock)

January 4th, 2018 - 08:01 GMT

Pre-2018 Leases, Mortgages Exempt From VAT: Saudi Arabia

Oman has dedicated the largest share of its 2018 budget of about $32.5 billion to the education, health and social welfare sectors with $10 billion. (AFP)

January 4th, 2018 - 07:02 GMT

Oman Dedicates $10 Billion for Education, Health in 2018 Budget

In an outrageous prediction for 2018, Saxo Bank expects Bitcoin to peak to $60,000 in 2018. (Pexels)

January 3rd, 2018 - 08:00 GMT

Bitcoin, Gold or Bonds: Where Do I Invest in 2018?

Oman’s economy is expected to grow by a minimum of 3 percent in 2018. (Pictured here: Sultan Qaboos of Oman /AFP)

January 3rd, 2018 - 07:00 GMT

Oman’s 2018 Budget Projects Economic Growth of 3 Percent

Halal tourism, halal meal kits and Barbies with mix-and-match abayas are just some of the Islamic trends for 2018. (Shutterstock)

January 3rd, 2018 - 06:00 GMT

From Halal Hotels to Muslim Dolls: Top Islamic Trends of 2018

Aid agencies have warned that about eight million people in the country are on the brink of famine with outbreaks of cholera and diphtheria. (AFP)

January 3rd, 2018 - 01:00 GMT

Yemen Announces First Budget Since Beginning of War

No changes on the dependent fee this year, says Saudi Arabia. (AFP)

January 3rd, 2018 - 12:00 GMT

Saudi Arabia: Dependent Fee on Track, to Hit SR400 by 2020

The UAE is firmly on course to be one of the best performers among other regional economies over the next five years. (Pixabay)

January 3rd, 2018 - 11:40 GMT

Trade, Tourism Main Drivers of UAE’s Growth Over Next 5 Years: Analysts

Turkey is raising its minimum wage by 14.5 percent as of January 1. (AFP)

January 2nd, 2018 - 01:00 GMT

Turkey Raises Minimum Wage by 14.5 Percent in 2018

Saudi Arabia stands 12th among G20 nations in terms of the average fall in the rate of unemployment during the third quarter of 2017. (AFP)

January 2nd, 2018 - 12:00 GMT

Saudi Unemployment Falls 5.8 Percent in 2017: Report

In its 2018 state budget Jordan has included, for the first time, a social safety network to make up for the rising cost of living. (AFP)

January 2nd, 2018 - 11:00 GMT

Jordan Introduces Cash Support to Poorer Citizens in 2018 Budget