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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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Al Bawaba
May 27th, 2014 - 02:55 GMT

The power struggle continues: Erdogan harshly criticizes central bank, asks if "it's kidding"

Al Bawaba
May 27th, 2014 - 02:55 GMT

Always outside its comfort zone: UAE signs open skies agreement with Cuba

Al Bawaba
May 26th, 2014 - 10:12 GMT

New convertible Jaguar hits Saudi streets

Al Bawaba
May 26th, 2014 - 09:19 GMT

Jordanian shipping company fined $500,000 for violating US environmental laws

Construction contracts for a new crude oil pipeline between Saudi Arabia and Bahrain are expected to be tendered by the end of the year.
May 26th, 2014 - 08:57 GMT

New Saudi-Bahraini $350 oil pipeline in the making

Saeed said the highest level the stock market has witnessed occurred in 2008, when it registered 12,000 points, followed by a slump for five years.
May 26th, 2014 - 07:17 GMT

Election day bonanza raises Egypt's bourse to highest levels since 2008

The bank should leave the currency floating and expose it to the market’s supply and demand, Younes said.
May 26th, 2014 - 10:26 GMT

Great news? Egyptian pound continues to depreciate

Al Bawaba
May 26th, 2014 - 02:55 GMT

Iranian billionaire executed over $2.6 billion scam

Al Bawaba
May 26th, 2014 - 02:55 GMT

Turkish mining company, home to the country's worst ever mining disaster, is already calling on its workers to resume work

Iran possesses the world’s second largest reserves of natural gas and the world’s fourth largest reserves of crude oil.
May 26th, 2014 - 12:37 GMT

If you say so: Iran affirms that oil prices won't drop below 100$

Al Bawaba
May 25th, 2014 - 09:28 GMT

Lured by the French charm? GCC investments in France double

Winning a ban may prove difficult for Apple because Koh, who also presided over the companies' first US trial in 2012, twice rejected the iPhone-maker's request in that case, legal experts have said.
May 25th, 2014 - 09:10 GMT

Things are getting intense: Apple seeking legal product ban on Samsung

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