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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 Business Insider World’s Best Airlines list was compiled using the criteria of the quality of the passenger experience and the airline’s punctuality
June 25th, 2014 - 12:06 GMT

A pleasant surprise? Omar Air ranks in World's top ten airlines for flying economy

Nakheel is able to prepay all of its bank debt ahead of schedule due to savings of around AED 23 billion on its business plan,
June 25th, 2014 - 11:37 GMT

Nakheel to repay entire $1.5 billion bank debt four years ahead of time

Al Bawaba
June 25th, 2014 - 11:08 GMT

Revolutionary: DAMAC properties introduces Fendi-styled villas

“Investors get scared, but more than that, people who provide them leverage get scared,” Mohindra said.
June 25th, 2014 - 10:56 GMT

Saudi Stock Exchange (Tadawul) makes first financial disclosure ever

Economic researcher at Stanford University Amro Adly said that the establishment of a fund to collect donations is a “populist measure” that falls short of an economic solution/
June 25th, 2014 - 10:50 GMT

Long live Egypt...on donations? Central Bank establishes 'Long Live Egypt' fund

Social Development Ministry Secretary General Omar Hamzah made the announcement on Tuesday during a visit by Prime Minister Abdullah Ensour to the ministry.
June 25th, 2014 - 10:30 GMT

Jordan to introduce Ramadan stipend for underprivileged families

Prime Minister Recep Tayyip Erdoğan has been voicing his disapproval of the central bank since late January,
June 24th, 2014 - 10:26 GMT

Erdogan just won't let go: Turkey's central bank comes under fire again

“The objective of the fund is to achieve a risk adjusted medium to long-term capital appreciation while generating a quarterly cash dividend to investors,” it added.
June 24th, 2014 - 04:57 GMT

An attempt to recover from Emirates' rejection? Airbus converts to islamic finance for leasing deals with UAE carriers

Al Bawaba
June 24th, 2014 - 03:55 GMT

Time for new trading partners? EU dethrones the US as world's top food exporter

After four days of trading in the green, the Saudi stock market saw a significant setback on Monday, dropping more than one percent or 103.85 points.
June 24th, 2014 - 03:55 GMT

Tourism, construction stocks take hit in Saudi Arabia

However the company has seen its share price drop dramatically from a high of $73 dollars in December to a low of just $30 last month — though the price has rebounded somewhat in recent weeks.
June 24th, 2014 - 03:55 GMT

What if? Twitter reveals that it once rejected Facebook's $500 million offer

Al Bawaba
June 23rd, 2014 - 11:04 GMT

Thank you Emirates Airlines? UAE tourists to Protugal increase 140%

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