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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
April 15th, 2014 - 09:39 GMT

Samsung launches world-first 12.2 inch widescreen notebook in Bahrain

Al Bawaba
April 15th, 2014 - 09:27 GMT

Saudi to build 63 new hospitals in the next five years

Oil prices received an additional boost following delays in resuming oil exports from Libya.
April 15th, 2014 - 02:55 GMT

Crude oil climbs to 5-week highs amidst intensified Ukraine, Libya crisis

Al Bawaba
April 15th, 2014 - 02:55 GMT

Breaking the record: Turkey's foreign debt 'highest in history'

In September 2013, the World Bank removed Iran from its list of deadbeat borrowers, saying the Islamic Republic had paid outstanding loan amounts.
April 15th, 2014 - 02:55 GMT

Knocking all doors: Iran seeking World Bank finances for development projects

Egyptian construction tycoon Nassef Sawiris, the youngest among the Sawiris siblings, was the first Egyptian and the fourth on the list with a total worth of $6.7bn.
April 14th, 2014 - 06:04 GMT

Forbes' Middle East list is out and Egypt, yes Egypt, is leading

Kuwait's refining capacity will reach over 1.4 million bpd from the current level of 930,000 bpd, when the projects are completed.
April 14th, 2014 - 05:45 GMT

Moving forward? Not with diversification at least, Kuwait signs $12 billion worth of oil contracts, tenders others

Ben Gurion Airport expects 1.2 million passengers over the holiday, up 25% from 2013.
April 14th, 2014 - 04:46 GMT

Modern day exodus? Israelis flock to Turkey for Passover

Washington lawmakers have refused to pass the reforms, claiming they would prove too heavy a burden during a time when the US is still running a large budget deficit.
April 14th, 2014 - 04:29 GMT

The usual love-hate relationship: Saudi accuses US of stalling IMF governance reforms and clinching on to voting power

Iran will build six oil refineries in Indonesia's Benten and West Java regions (File Archive)
April 14th, 2014 - 10:00 GMT

Iran set to build oil refineries in this Islamic country

Dubai International Airport has the most passenger traffic of any airport in the entire world (File Archive)
April 14th, 2014 - 07:44 GMT

Dubai airport renovation will force 300 flights to relocate

“We will focus on the country’s historic strategy, which is to supply international markets with oil, especially the challenges facing the market as well as the future role of the member states of Opec.”
April 14th, 2014 - 02:55 GMT

The diversified economy farce: UAE striving to raise oil production capacities to 3.5 bpd

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