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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 ...

Estimation of the uranium resources in the central region are expected to increase as more exploration is carried out by JUMCO in the 350sq.km area.

May 22nd, 2014 - 02:29 GMT

Mining its own business: Jordan to build $140 million uranium plant

According to the Central Bank of Egypt, tourism is ranked second in terms of most important sources of income for Egypt after remittances from Egyptians abroa

May 22nd, 2014 - 01:17 GMT

Upcoming five-fold increase in diesel fuel prices results in smartcard provision for transport, hotel companies in Egypt

One of the biggest project approvals was for Aldar Properties’ Al Raha Beach East Master Plan.

May 21st, 2014 - 08:33 GMT

Should've kept things 'lucky'? Abu Dhabi's Urban Planning Council okays 13 projects in one day

In September 2013, the World Bank removed Iran from its list of deadbeat borrowers, saying the Islamic Republic had paid outstanding loan amounts.

May 21st, 2014 - 03:55 GMT

Another burnt bridge to mend: Iran pursuing World Bank loan

Subsidies also rose more than fourfold, from $4.1 billion to $18 billion during the same period, an annual growth rate of 23 percent, Hamada said.

May 21st, 2014 - 02:55 GMT

Kuwait's finance minister says budget deficit is inevitable

Al Bawaba

May 21st, 2014 - 01:32 GMT

Thanks to South Korea, the UAE gets closer to realizing its nuclear ambitions

Al Bawaba

May 20th, 2014 - 09:17 GMT

Taking it easy: UAE passes draft law on relaxing prison punishment for debt defaulters

Saudi Arabia is currently implementing Metro projects in Jeddah and Riyadh.

May 20th, 2014 - 08:17 GMT

It's no longer just about the city centres: more metros coming to Saudi Arabia

Al Bawaba

May 20th, 2014 - 02:04 GMT

Financing a 'qualitative shift'? Saudi to spend additional $21 billion on overhaul of educational system

The DFM has now declined for four straight sessions, its biggest losing streak in that surge.

May 20th, 2014 - 07:48 GMT

Here it comes? Correction hits Dubai Financial Market

Egyptians performing Umrah is the principal activity for tourist companies in Egypt over the past three years given low incoming tourist traffic.

May 20th, 2014 - 07:36 GMT

25% cancellations in Umrah travels from Egypt over MERS

Israel Chemicals, controlled by Israel Corp. recently bought a 30% stake in Canada's Allana Potash, which is preparing to mine potash deposit in the Dalol region in the Afar Regional State, in northeast Ethiopia.

May 20th, 2014 - 02:55 GMT

If only they were this nice to their immigrants: Israel to invest $600 million into transforming Ethiopia's Potash industry