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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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Investment in research and development (R&D) grew 29 percent in 2013 to reach TL 5.8 billion, though Turkey has a long way to go to reach its ambitious R&D targets for 2023.
June 19th, 2014 - 10:22 GMT

Aiming for $60 billion by 2023, Turkey R&D spending grows by a third

Rolls-Royce shares jumped 7 percent on Thursday after the British aero-engine maker decided to buy back shares worth 1 billion pounds ($1.69 billion) instead of making any major acquisitions.
June 19th, 2014 - 10:06 GMT

Not so fancy? Rolls Royce to return $1.7 billion to investors

Al Bawaba
June 19th, 2014 - 09:59 GMT

GCC visitors spend $500,000 on first few days of World Cup

Jordanians and tourists will be able to take a bus tour of old Amman as part of an initiative launched by the Jordan Express Tourist Transportation Company (JETT).
June 19th, 2014 - 09:46 GMT

London, be jealous: Amman to introduce free tourist bus in Ramadan

Al Bawaba
June 19th, 2014 - 03:42 GMT

If only its economy was the only thing tainted, Israel's black economy stands at 6.6% of GDP

The Kingdom, with a population of some 29 million people, reported annual car sales hovering at 700,000 units last year.
June 19th, 2014 - 12:00 GMT

Korean company to establish car assembly plant in Saudi

Al Bawaba
June 19th, 2014 - 03:55 GMT

Jealous of the French? British businesses eying return to Iran

Turkey stood 45 percent below the average for EU member states in terms of gross domestic product (GDP) per person, a comparison Eurostat makes using the purchasing power standard (PPS).
June 19th, 2014 - 03:55 GMT

A natural exclusion from the EU? Turkey below European counterparts in consumption, GDP per capita

Al Bawaba
June 18th, 2014 - 08:28 GMT

German defense group wins $3.7 billion Algeria contract

Al Bawaba
June 18th, 2014 - 02:03 GMT

Post-crisis honeymoon over? First Jordanian billionaire quits Arabtec's CEO post over plunging shares

"Payment difficulties do come up and it is not a straightforward place to trade with, but deals to Iran are still being done," another European grains trade source said.
June 18th, 2014 - 01:22 GMT

Despite all persistent difficulties, Iran buys $55,000 tons of wheat from Russia

A significant change in borrowing behaviours reflects a more prudent approach in the UAE.
June 18th, 2014 - 01:15 GMT

A blessing in disguise? Strict lending deters Emirati's from borrowing

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