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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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Kuwait has boasted a budget surplus in each of the past 14 fiscal years, helping its sovereign wealth fund to increase to over $400 billion.
May 7th, 2014 - 03:55 GMT

Tough love: the IMF has a few things to say to Kuwait

The Suez Canal is the fastest shipping route between Europe and Asia and brings around $5 billion a year.
May 7th, 2014 - 02:55 GMT

High bids, higher stakes: Winner of massive Suez Canal tender to be announced next month

IEC said in response, "IEC is using every means at its disposal to collect the debt from the Palestinian Authority."
May 7th, 2014 - 02:55 GMT

Weren't they doing that anyway? Israel Electric threatens to cut off electricity to Palestinians over $435 million dispute

Another market that has become important to flydubai’s network is Russia and last year flydubai doubled its network to eight points.
May 7th, 2014 - 02:55 GMT

Flydubai extends its reach to unexpected destinations

Al Bawaba
May 7th, 2014 - 02:02 GMT

Amman, keeping things class-y: Abdali Boulevard to open for business on June 11

Customers can choose primarily between Zain, the Iraqi arm of the Kuwaiti operator of the same name, Asiacell, which is majority-owned by Qatar Telecom, and Korek.
May 7th, 2014 - 12:19 GMT

So 2008: with others already using 4G, 3G networks will just make it to Iraq

Dubai Islamic Bank also contributed to the uptick, rising 5.5 percent to extend gains that started on Thursday when the lender posted a doubling of first-quarter net profit.
May 6th, 2014 - 11:21 GMT

Dubai bourse scores record gains over Emaar Properties' six year high

Zero-rate income taxes and high salaries attract young British professionals to the UAE (File photo)
May 6th, 2014 - 01:58 GMT

Dubai is top hotspot for British expat workers

Al Bawaba
May 6th, 2014 - 12:04 GMT

Oman's tourism industry to lead the Middle East in 2014

Al Bawaba
May 6th, 2014 - 11:16 GMT

It's back to the future! Dubai to launch high tech "podcars" within few years

Al Bawaba
May 6th, 2014 - 10:52 GMT

Hospitality firm to expand hotels in GCC countries

Al Bawaba
May 6th, 2014 - 10:17 GMT

Leading tech company wins $28 million Jeddah Metro contract

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