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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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Some 361 projects are currently underway across the Gulf region, buoyed by steadily increasing oil prices. (AFP/ File)
November 12th, 2017 - 01:24 GMT

361 Oil and Gas Projects Currently Underway in GCC, at $331 Billion

Emirates signed a deal to buy 40 Boeing 787s, valued at Dh55.4 billion ($15.1 billion) at the Dubai Airshow. (Courtesy of Emirates)
November 12th, 2017 - 12:25 GMT

Dubai Airshow Kicks off With Emirates' $15.1 Billion Boeing Deal

The ILO said it launched a three-year roadmap and action plan with Qatar as Qatar decided to cancel the controversial sponsorship (Kafala) system. (AFP/ File)
November 9th, 2017 - 06:00 GMT

ILO Withdraws Labor Rights Complaint Against Qatar

The pledge includes $1 million donation to the budget of UN Relief and Works Agency for Palestine Refugees. (AFP/ File)
November 9th, 2017 - 12:40 GMT

UAE Pledges $2.6 Million for UN Development Activities in 2018

The group reported a 2017-18 half-year net profit of Dh2.3 billion, up 77 percent from last year. (Mark Ralston/ AFP)
November 9th, 2017 - 11:37 GMT

Emirates Group Announces Half-Year Performance for 2017-18

Dubai aims to welcome 20 million visitors by the year 2020, when it will host Expo 2020. (Rabih Moghrabi/ AFP)
November 8th, 2017 - 08:00 GMT

Dubai to Overtake London for Tourist Arrivals by 2025

Dubai index on Wednesday witnessed sharpest daily fall in 2017. (AFP/ File)
November 8th, 2017 - 07:00 GMT

Dubai Index Posts Sharpest Daily Fall in 2017

Saudi Arabia revealed the plans for Russian collaboration on Tuesday. Pictured here: Saudi Crown Prince Mohammed bin Salman. (AFP/ File)
November 8th, 2017 - 06:00 GMT

Saudi Arabia Offers Investment Opportunities to Russian Companies

The 2018 budget allocates 43 percent to healthcare, education and society development sectors. Pictured here: Sheikh Mohammed Bin Rashid Al Maktoum (AFP/ File)
November 8th, 2017 - 03:06 GMT

UAE Approves Dh201 Billion Federal Budget for 2018-2021

Emirates NBD has marked the launch of its operations in India with the inauguration of a first branch in Mumbai. (File photo)
November 8th, 2017 - 02:57 GMT

Emirates NBD Launches Operations in India

What is the rationale behind the arrest of Saudi Arabia's best known businessman, entrepreneur and philanthropist? In this article, Pat Lancaster attempts to answer the question on everyone's lips. (Neil Hall/ Reuters)
November 7th, 2017 - 08:00 GMT

Why Did Saudi Arabia Arrest Alwaleed Bin Talal?

In this article, Ellen Wald lists five reasons why oil prices are soaring. (AFP/ File)
November 7th, 2017 - 07:00 GMT

5 Reasons Why Oil Prices Are Soaring (No, It's Not the Saudi Arrests)

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