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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 conglomerate, in which sovereign fund Investment Corp of Dubai owns an 11.5 per cent stake, posted a net profit of Dhs805 million ($219.2 million).
August 4th, 2014 - 03:55 GMT

Despite divestments: Dubai Investments' profits more than double

Al Bawaba
August 4th, 2014 - 03:55 GMT

Moving forward: Al-Sisi looking into three 'major' investment projects

Al Bawaba
August 4th, 2014 - 03:55 GMT

Opening up one of the world's last standing untapped phone markets: Qatar introduces low-cost sim cards in Myanmar

“Inclusion of more better and firmer laws to secure money will further boost investor confidence in the market,”
August 3rd, 2014 - 06:33 GMT

A new phase? Dubai real estate 'maturing'

Investment Dar was one of several local financial firms which struggled to refinance debt in the aftermath of the global economic crisis.
August 3rd, 2014 - 05:57 GMT

Kuwait's Investment Dar ordered to pay $1.56 billion in fines

Al Bawaba
August 3rd, 2014 - 05:05 GMT

Flydubai to fly off to Iran

Part of the explanation of the rise in unemployment is that many young people have come onto the job market but have not yet succeeded in finding employment.
August 3rd, 2014 - 01:07 GMT

As highest amongst OECD countries: Israel's unemployment rates jumps to 6.3%

Foreign investors were net buyers of LE609.1 million worth of shares, however the Egyptians were net sellers with LE603.7 million.
August 3rd, 2014 - 12:50 GMT

"Bushret Khair": Egypt's stocks hit highest level in 6 years post-Eid trading

The Ministry of Finance stressed in the report that the reforms made to the 2014/2015 state budget aim to stimulate the economy, boost employment rates and support social justice.
August 3rd, 2014 - 03:55 GMT

It's never over: Egyptian government preparing new stimulus package

Apple denied creating any "back doors" for intelligence agencies.
July 31st, 2014 - 07:14 GMT

Apple employees can see your texts, photos

The consumer goods and services index hit 196.8, a 1.4 percent rise compared to last month,
July 31st, 2014 - 03:00 GMT

The best of the worst: Iran's inflation stands at 25.3%

Security alerts due to rocket attacks and frequent air raid sirens have disrupted business activity and caused a drop in industrial output and consumer spending.
July 31st, 2014 - 02:42 GMT

The tip of the iceberg: Gaza War to 'leave a dent' in the Israeli economy

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