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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 market has been mainly driven by tourism growth (nine to 10 per cent) while the resident market has been growing but at a slower rate.
June 18th, 2014 - 07:23 GMT

The one thing to count on: GCC luxury spending booming despite regional turmoil

Baghdad’s warnings have not deterred the Kurds so far.
June 18th, 2014 - 07:15 GMT

With Iraq in disarray, Kurdistan takes advantage of the situation and links Kirkuk to its independent pipeline

On a regional level, the report reveals that private financial wealth grew by 11.6 percent to reach $5.2 trillion in 2013
June 18th, 2014 - 03:55 GMT

When it comes to 'millionaire density', Qatar ranks first in the world

Some of the possible company targets include Kuwait Oil Company, Petroleum Development Oman, Qatar Petroleum, Saudi Aramco, ADNOC, ENOC and Bahrain Petroleum Company.
June 17th, 2014 - 11:12 GMT

Done with Israel? Anonymous threatens to hack Gulf oil companies over use of US dollars

Al Bawaba
June 17th, 2014 - 10:41 GMT

A sign of desperation or rationality? Dubai mulls new fees to curb off-plan property sales

Imports of oil from Iran often swing widely from month to month as one of South Korea's two refiners to import Iranian oil usually buys the crude only every other month.
June 17th, 2014 - 03:55 GMT

What sanction relief? South Korean oil imports from Iran down 44%

This Super Amoled tablet comes wrapped up in a highly stylish yet practical design.
June 16th, 2014 - 09:52 GMT

Samsung launches world's thinnest, lightest tablet

"The young men and women will receive fringe benefits including good salaries, financial incentives and vocational training," he said.
June 16th, 2014 - 09:30 GMT

Time to bring back the deported? Dismal turnout for 11,700 Saudized jobs

Escalating violence in Iraq drove crude oil and the dollar higher on Friday while damping the appetite for global equity markets, even as bullish news from the US tech sector lifted stocks on Wall Street.
June 16th, 2014 - 02:55 GMT

Escalating violence in Iraq drives up oil prices

In Dubai, property developer, Arabtec, dropped the most allowed to reach a share price of Dh4.50.
June 16th, 2014 - 02:55 GMT

Things were too good to be true? Arabtec's stocks plummet 10%

The OPEC meetings since 2012 have produced no policy change.
June 15th, 2014 - 06:45 GMT

Pragmatic or simply bored? Saudi Arabia wants less OPEC meetings

Al Bawaba
June 15th, 2014 - 06:40 GMT

Morocco raises $0.7 billion on international markets

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