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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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They also accuse the bank of performing financial services for people affiliated with Hamas and other designated foreign terrorist organisations.
August 10th, 2014 - 10:47 GMT

The moment of truth: Arab Bank's trial over alleged support to Hamas commences in New York tomorrow

Al Bawaba
August 10th, 2014 - 01:18 GMT

'Jordan's debt can't go on forever'- IMF official

Meanwhile, an aviation analyst termed the Etihad’s deal with Alitalia risky and said Abu Dhabi-based airline will have to go all-out to make this deal work to achieve desire results by 2017.
August 10th, 2014 - 03:55 GMT

After $2 billion rescue deal with Etihad, Alitalia CEO ready to step down

The tech rumour mill is rife with talk about two new Apple iPhones set to be launched within a few weeks.
August 10th, 2014 - 03:55 GMT

Here comes the new iphone 6...

Growth forecasts for seven countries in the Middle East and North Africa might be too rosy and consequently misleading according a World Bank report.
August 10th, 2014 - 03:55 GMT

World Bank declares MENA growth projections 'too rosy'

Al Bawaba
August 8th, 2014 - 07:30 GMT

Business marries politics: Mubarak-era Egyptian steel tycoon released on bail

Hidden, or indirect, taxes for goods including food, gasoline, cars and cellular phones in Turkey have reached record-breaking levels based on European standards,
August 8th, 2014 - 01:20 GMT

Turkey's hidden tax reach 'record-breaking' levels

Al Bawaba
August 7th, 2014 - 01:47 GMT

After the Expo, anything is possible: Dubai planning olympic bid in 8 years

Al Bawaba
August 7th, 2014 - 10:13 GMT

Hariri unveils $1 billion dollar grant from King Abdullah

The latest US country report on terrorism said there were increased reports in 2013 of Kuwait-based private individuals funnelling charitable donations.
August 7th, 2014 - 10:03 GMT

Kuwait clamps up on 'Islamic' charities

Al Bawaba
August 7th, 2014 - 03:55 GMT

New canal, new beginning? Egypt's stocks climb to six-year over unveiling of Suez mega project

Al Bawaba
August 6th, 2014 - 10:13 GMT

Probably not in the Arab Spring economies: Infiniti sales are up 31%

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