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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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Al Bawaba
August 12th, 2014 - 03:08 GMT

Time for the trend to be reversed? Dubai experiences lowest hotel occupancy rate in 18 years

Advanced economies, represented by the US, Europe and Japan, have imported goods at the fastest rate in more than two years in the last three months.
August 12th, 2014 - 02:29 GMT

GCC energy sectors to vicariously profit from China, India's increased industrial activity

Jordan's credit challenges lie mostly in its fiscal and external accounts.
August 12th, 2014 - 02:21 GMT

Despite all stability, Moody maintains B1 credit rating for Jordan


Carrefour had the most significant climb up the Top 10 over the first six months of the year, jumping up five places from ninth to fourth.
August 12th, 2014 - 12:44 GMT

Samsung snatches Google's reign in the UAE

To counter supply outages in Iraq and among other OPEC producers, Saudi Arabia has maintained a high level of oil output
August 12th, 2014 - 03:55 GMT

Profiteering off regional tensions? Saudi Arabia to pump more oil in 2014

Al Bawaba
August 11th, 2014 - 11:13 GMT

Robin Hood style? Long Live Egypt Fund to accept donations from Mubarak-era convicted businessmen

“The market has become more complacent about supply again. But complacency is dangerous. Given the geopolitical tensions, a spike in oil prices cannot and should not be ruled out.”
August 11th, 2014 - 10:35 GMT

Let's wait and see: oil prices 'complacent' with US military strike on Iraq

VPS aims to have an extensive network of Health Promotion Centres across the UAE and other countries within five years, it said in a statement.
August 11th, 2014 - 10:10 GMT

For once, the UAE's malls transcend consumerist goals: cancer research centres coming to Dubai, Abu Dhabi

During July, prices for vegetable, fruits, poultry and dairy products inched up by 7.4%, 3%, 4.8% and 4.6% respectively.
August 11th, 2014 - 03:32 GMT

The works of the new subsidy policy? Egypt sees biggest monthly inflation since 2008

The contract provides for the UAE to import some 600 million cubic feet per day of Iranian gas, though the actual amount will depend on many factors and may only become clear in coming months.
August 11th, 2014 - 07:03 GMT

It's valid and binding: Dana Gas wins favorable ruling against Iranian company

Dubai-based brokerage Arqaam Capital last year valued OSN at $4.3 billion.
August 11th, 2014 - 03:55 GMT

Thanks, but no thanks: KIPCO snubs $3.2 billion offer to buy OSN entertainment

Al Bawaba
August 10th, 2014 - 11:12 GMT

Feeling insecure: Hyundai, Doosan abdandon $1.5 billion project in Libya

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