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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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The new city would be built on a major highway that links Jordan to Iraq and Saudi Arabia. (File photo)
November 7th, 2017 - 06:00 GMT

Jordan Plans New City Near Amman to Ease Overcrowding

Business confidence across the Middle East has fallen to its lowest level since the first quarter of 2016, according to a study. (AFP/ File)
November 7th, 2017 - 05:00 GMT

Business Confidence in Middle East Lowest Since Q1 2016: Study

The nature of life in the UAE is making it hard for residents to think about saving money, according to a new survey. (File photo)
November 7th, 2017 - 04:00 GMT

7 in 10 People in UAE Don't Know How to Save Money: Survey

Companies in Oman will need to adopt the new wage protection system to ensure that all employees are paid on time. (AFP/ File)
November 7th, 2017 - 02:49 GMT

Oman Enforces New Wage Protection System

Saudi Crown Prince Mohammed Bin Salman this week launched an anti-corruption probe that resulted in the arrest of key business people, including Prince Alwaleed bin Talal. (AFP/ File)
November 6th, 2017 - 03:05 GMT

Podcast: Saudi Corruption Probe, New Fed Chief and Other Stories This Week

The Muscat Securities Market (MSM) witnessed a rise in the number of executed transactions, which jumped to 15,087, from 11,293 transactions in September. (Times of Oman)
November 6th, 2017 - 01:55 GMT

Muscat Bourse Achieves 25 Percent Growth in September

No VAT will apply on exports to countries outside the GCC region. (AFP/ File)
November 6th, 2017 - 11:05 GMT

No VAT on Rents, Medications or Non-GCC Exports: Saudi Arabia

Kuwait has banned the recruitment of expats who are under 30 years of age. Pictured here: Kuwait's Emir, Sabah Al-Ahmad Al-Jaber Al-Sabah. (AFP/ File)
November 5th, 2017 - 07:00 GMT

Kuwait Bans Work Visas for Expats Younger Than 30 Years Old

Oil prices are nearing their highest levels in more than two years on expectations of an oil cut extension. (File photo)
November 5th, 2017 - 06:00 GMT

Oil Prices Near Two-Year High on Hopes of a Cut Deal Extension

Tadawul remained the dominant exchange in the GCC in terms of IPO proceeds. (AFP/ File)
November 5th, 2017 - 05:00 GMT

Four IPOs Issued in the GCC in Q3 2017

Dubai has been ranked first in the Arab world and second globally for the 'ease of issuing building permits'. (File photo)
November 5th, 2017 - 01:03 GMT

Dubai Second Easiest Country for Ease of Issuing Building Permits

Revenues were also up by 9 percent (11 percent without currency fluctuations). (File photo)
November 5th, 2017 - 12:54 GMT

Aramex Records Net Profit Growth of 13 Percent in Q3 2017

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