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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 finance minister said the budget would push debt down from 94% of GDP, registered in the FY 2013/2014 budget, to around 90% of GDP
July 1st, 2014 - 10:23 GMT

Egypt's debt pushed to 90% of GDP

Activity in Qatar's construction sector soared 19.6 per cent from a year ago in January-March, faster than a 13.6 per cent rise in the whole last year,
July 1st, 2014 - 03:55 GMT

Thanks to construction, Qatar GDP growth rebounds to 6.3%

S&P noted that hydrocarbon revenues constitute almost 46 per cent of nominal GDP and three-quarters of total exports of the six GCC nations.
July 1st, 2014 - 03:55 GMT

Nothings lasts forever: Bahrain, Oman most vulnerable to impending drop in oil prices

Accommodation at five-star hotels skyrockets to anywhere between SR31,000 to SR40,000 for a 10-day period near the end of Ramadan.
July 1st, 2014 - 03:55 GMT

A price tag on piety: Umrah providers make the most out of Ramadan by raising prices

Al Bawaba
July 1st, 2014 - 12:55 GMT

As 20th largest car manufacuturer in the world, Iran resumes exports to Russia after 5-year hiatus

Al Bawaba
June 30th, 2014 - 01:09 GMT

A free fall? Arabtec falls another 10% in first 20 minutes of trading

Al Bawaba
June 30th, 2014 - 12:59 GMT

Addressing a broader problem: Iran to spend 'as much as possible' on saving Lake Urmia

Al Bawaba
June 30th, 2014 - 03:55 GMT

No need for BDS? Israel's exports strongly declining, and the Shekel is to blame

The regulations will be issued before the end of the year and a six-month grace period for its implementation will be put in place.
June 30th, 2014 - 03:55 GMT

No fun! Saudi Arabia finalizes 9 pm shop closure rule

The estimated size of the proposed deal is the supply of seven BCM (billion cubic meters) of gas annually for 15 years.
June 30th, 2014 - 03:55 GMT

Another cruel role reversal: Israel's Leviathan in talks to sell gas to Egypt

The new system will enhance the quality of services, safety and environmental sustainability for citizens in the country.
June 29th, 2014 - 07:03 GMT

Qatar selects IBM for smart infrastructure

Al Bawaba
June 29th, 2014 - 03:03 GMT

It's all about the bonds? Family businesses make up majority of non-oil sector in GCC

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