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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 expansion in GDP was 4 percent for the entire 2013.
June 11th, 2014 - 11:21 GMT

What crisis? Turkey's economy still expanding

Local authorities in Indonesia, Laos, Philippines and Vietnam announced over 1.6 billion dollars’ worth of investment projects, according to a conference press release.
June 11th, 2014 - 03:55 GMT

Saudi Arabia to build the world's largest desalination plant

Iran plans to boost annual petrochemical output to 180 million tons from around 60 million tons currently.
June 11th, 2014 - 03:55 GMT

Cheating sanctions? China to use Iran's frozen billions to build it a petrochemical plant

Hilton Worldwide Middle East & Africa recently introduced two of its brands to the region including Hilton Garden Inn and Double Tree Hotel.
June 10th, 2014 - 11:54 GMT

Following the spenders? Hilton to develop its largest resort in the Middle East

Former army chief Abdel Fattah Al-Sisi was sworn in on Sunday, vowing to fix the economy and emphasising a need for hard work by all.
June 10th, 2014 - 11:04 GMT

Anything for an agriculutral revival: Sisi to destroy illegal buidlings across the Nile

Al Bawaba
June 10th, 2014 - 10:09 GMT

What bubble? Dubai real estate transactions cross the $27 billion mark

The state-backed firm has confirmed plans to ensure that 7,000 taxis are on the roads before the world football tournament gets underway in Qatar.
June 10th, 2014 - 09:32 GMT

Someone should tell them not to hold their breaths? Qatar's taxis doubling their operations in anticipation for 2022 World Cup

Saif says it contributes to 12 per cent of the total national income and provides job opportunities for 10 per cent of the Kingdom’s workforce.
June 10th, 2014 - 08:44 GMT

Long overdue: Jordan allocates $850 million to transport projects

The Gulf state is also revising subsidies on electricity, water and petrol, currently sold at well below cost.
June 10th, 2014 - 08:34 GMT

Here comes the avalanche: Kuwait ends diesel subsidies over deficit fears

Al Gharbi added that the UAE is the happening place where high net worth individuals ask for new concepts in designs keeping in view the green building rules.
June 10th, 2014 - 04:45 GMT

8 luxury Italian firms set up base in Abu Dhabi

Al Bawaba
June 9th, 2014 - 08:09 GMT

Ethiopia's foreign minister calls on Sisi to address dam debacle

Al Bawaba
June 9th, 2014 - 07:55 GMT

UAE real estate sector practice raises red flags

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