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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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Flights to Tehran will be scrapped as of January 24, the company said. (File photo)
December 21st, 2017 - 02:50 GMT

Etihad Scraps All Flights to Tehran, Starting Next Month

Dh17,500 will be the minimum salary of an Emirati employee with Sharjah government starting next year. (Pictured here: Sheikh Sultan Al Qasimi, Ruler of Sharjah/ WAM)
December 21st, 2017 - 02:27 GMT

Sharjah Ruler to Increase Salaries of Government Staff in 2018

The King Salman Humanitarian Aid and Relief Center (KSRelief) has already spent $8.2 billion on aid for Yemen since its opening in 2015, according to a report. (AFP/ File)
December 21st, 2017 - 09:58 GMT

Saudi Arabia to Set up $10 Billion Fund for Reconstruction in Yemen

A Tunisian woman holds a placard reading in French "Tunisia will remain standing" as she takes part in a protest on March 18, 2015 after an attack on the Bardo National Museum in Tunis. (Sofiene Hamdaoui/ AFP)
December 20th, 2017 - 03:21 GMT

Opinion: Will Tunisia's Economy Ever Be Good Again?

The number of expat workers in Saudi Arabia has gone down by about 62,000 by the end of the second quarter of this year since the application of the dependent fee. (AFP/ File)
December 20th, 2017 - 12:59 GMT

62,000 Expats Leave as Saudi Arabia Enforces Dependent Fee

King Salman on Tuesday announced Saudi Arabia’s largest-ever budget for 2018. (AFP/ File)
December 19th, 2017 - 04:11 GMT

Saudi Arabia Announces $260 Billion Budget for 2018, Its Largest Ever

National Bank of Kuwait (NBK) is to hire hundreds of staff and open new branches in Saudi Arabia and Egypt. (Courtesy of NBK)
December 19th, 2017 - 03:03 GMT

National Bank of Kuwait Eyes Saudi, Egypt Expansion

The tax will have minimal economic impact on people and investments, says UAE Minister. (Shutterstock)
December 19th, 2017 - 02:44 GMT

No Increase in Salaries to Cope With VAT: UAE

Saudi Arabia is ahead of the curve in paving the way for a smooth transition to a low-carbon economy, and nuclear power is at the top of its agenda. (Shutterstock)
December 18th, 2017 - 01:09 GMT

Why Saudi Arabia Wants to Bank on Nuclear Power

The number of factories and manufacturing facilities in Qatar have doubled since the beginning of the Saudi-led blockade six months ago. (Shutterstock)
December 18th, 2017 - 12:51 GMT

Number of Factories in Qatar Doubled During Blockade: Minister

Senior bankers in Saudi Arabia have clarified that money sent home by expat workers will not be taxed under the new VAT. (Shutterstock)
December 18th, 2017 - 12:33 GMT

No VAT on Expat Remittances in 2018: Saudi Arabia

Lebanon's real GDP growth is expected to pick up in 2018 supported by the reopening of trade routes with Syria and Iraq by mid-2018. (File photo)
December 14th, 2017 - 02:07 GMT

Reopening Syria, Iraq Trade Routes Will Add to Lebanon's 2018 GDP Growth

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