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Strait of Hormuz

April 22nd, 2026 - 08:21 GMT

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 ...

Losses were estimated at $143.8 billion, a figure the report said was based on estimated damage to residential and state buildings.

May 29th, 2014 - 10:09 GMT

Syrian economy headed 'into ruins'

Earlier on Wednesday, Reuters cited an anonymous source in the Egyptian government as saying they were studying imposing new taxes on capital gains in the bourse as well as on dividends.

May 28th, 2014 - 06:56 GMT

More like apathy? Egypt's stocks fall on election uncertainty

Greenbox has purchased the centerpiece of the exhibition, entitled The Question, which was created by Al-Othman with the intent to provoke personal engagement.

May 28th, 2014 - 06:38 GMT

Wilders surely won't be impressed: Dutch museum purchases Saudi Art

The price of oil inched higher above $104 a barrel Wednesday as the conflicts in Ukraine and Libya posed renewed risks to crude supplies.

May 28th, 2014 - 06:15 GMT

Ukraine, Libya raise oil prices up to $104 barrel

Output from the hydrocarbon sector was a key driver of growth from 2011 onwards when benchmark oil prices were $100 per barrel or above. This is in contrast to world GDP growth, which is recovering at quite a slow pace — below three per cent for the third year in a row — and downside risks fail to subside.

May 28th, 2014 - 05:47 GMT

Egypt and Yemen included? MENA economies to grow faster than the rest of the world

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May 28th, 2014 - 05:40 GMT

Settling things properly: Dubai sets up 'dispute settlement authority' for businesses

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May 28th, 2014 - 05:24 GMT

Arabtec takes lion's share of Dubai Financial Market, restricts trading in other shares

Under Jordanian labour laws, an unlicensed change of activity is considered a violation of the law, and the number of Egyptian workers in violation of the law is unofficially estimated to be between 750,000 and one million workers.

May 28th, 2014 - 04:59 GMT

Feeling tough these few days? Jordan to deport 260 Egyptians for labor law violations

Qatar's emir has instructed all companies listed on the country's stock exchange to raise their limit for foreign ownership to 49 percent in a move that could attract more liquidity to the buoyant bourse.

May 27th, 2014 - 10:26 GMT

Welcoming liquidity: Qatar firms ordered to raise foreign ownership cap to 49%

Passenger traffic through Dubai’s main airport, one of the world’s busiest, rose 13.7 per cent from a year earlier to 6.16 million people in April, the airport operator said on Tuesday.

May 27th, 2014 - 09:39 GMT

They keep coming: Dubai airport traffic up 13.7% in April alone

David Haigh, who until March was deputy chief executive of Dubai-based GFH Capital, a unit of Bahrain’s Gulf Finance House, has been referred to Dubai’s public prosecutor for trial.

May 27th, 2014 - 09:26 GMT

Ex-leeds official accused of embezzling $6.75 million in Dubai

A sewage plant is also being constructed, also part of infrastructural development in the UAE, and the first phase of the plant has already been completed, said Al Nuaimi.

May 27th, 2014 - 02:55 GMT

Jealous much? Ajman to spend 40% of its budget on new airport and attracting tourists