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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 ...

Upon completion, it is expected to provide 40,000 housing units across four districts that will house 200,000 to 250,000 people

April 28th, 2014 - 12:41 GMT

Emirati Bloom to house 250000 Iraqis through Shores of Karbala Project

Al Bawaba

April 27th, 2014 - 11:21 GMT

Supply and demand? Oman registers more than 2,000% increase in fake products

Al Bawaba

April 27th, 2014 - 11:00 GMT

Diamonds are forever?! Inshallah, says KSA after Riyadh captures seven percent of global trade

Bahrain has also been in the process of implementing reforms for expatriate worker rights (File Archive/AFP)

April 27th, 2014 - 09:35 GMT

Beware of Bahrain's new blacklist! Employers hiring illegal workers to face new penalties under new policy

“The size of the Lebanese banks in Iraq maybe too small compared to the huge Iraqi market. Iraq’s seven state-owned banks have 80 percent of assets and 90 percent of total deposits in the country. However, we are going to the Iraqi market to serve new clients,” Bassil said.

April 27th, 2014 - 02:55 GMT

Misery loves company? Lebanese banks announce their intention to pursue Iraq's banking sector

Rouhani's first attempt at implementing subsidy reform was a disaster.

April 27th, 2014 - 02:55 GMT

The litmus test for Rouhani's popularity? Iranians rush to gas stations in anticipation of unprecedented price hike

The meeting focused on the economic policy issues of the two sides, exploring trade opportunities and boosting of trade ties between them.

April 27th, 2014 - 01:09 GMT

A sturdy relationship: UAE and US conclude economic dialogue

Microsoft said it will acquire some 25,000 Nokia employees in 50 countries.

April 26th, 2014 - 01:26 GMT

It's official: Nokia's era comes to and end with Microsoft's $7.5 billion takeover

The dispute is delaying publication of an oil and gas exploration tender for Lebanon's Block 9, which could have more than seven trillion cubic feet of natural gas.

April 26th, 2014 - 01:17 GMT

Forget Hezbollah: Israel, Lebanon hit deadlock over offshore gas explorations

Congress passed a bill in January allocating $1.3bn in military aid to Egypt under certain conditions

April 26th, 2014 - 01:02 GMT

Is US military aid to Egypt about to resume?

Al Bawaba

April 24th, 2014 - 03:50 GMT

Saudi Arabia to build world's biggest desal plant

The two luxury four and five star hotels will offer over 1,000 rooms (Shutterstock)

April 24th, 2014 - 03:36 GMT

Two luxury hotels scheduled to open in Oman by 2017