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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 ...

Heikal made his comment while discussing a government scheme to use coal in cement factories in order to reduce subsidies, despite criticism from campaigners and the environment ministry

April 7th, 2014 - 02:55 GMT

Sawiris, Heikal get worked up over Egypt's energy subsidies - on twitter

He added that the ministry would make also smartcards available for the citizens, which would allow them to save points to be used in exchange for other commodities, such as milk, yoghurt, lentils and beans

April 7th, 2014 - 02:44 GMT

Smart or ridiculous? Bread-rationing smartcard to be introduced to Egypt next week

Gold worth a total of $75 billion was moved through Dubai in 2013.

April 6th, 2014 - 04:09 GMT

2250 tons or 40% of world's gold passes through Dubai

The head of the Bakeries Committee in the Jeddah Chamber of Commerce and Industry, Fayez Hamadah, said all bakeries in the region will be automated within two years.

April 6th, 2014 - 02:55 GMT

Going after expats' daily bread: Saudi Arabia to automate and Saudize bakeries

Riyadh and Jeddah are among the biggest 10 cities in terms of having the largest number of new hotel projects in the Middle East

April 6th, 2014 - 10:55 GMT

The more the merrier: Saudi Arabia's hospitality sector set to grow to $93billion by 2019

Al Bawaba

April 6th, 2014 - 08:55 GMT

African and Arab markets increase Oman's non-oil exports by 6% in 2013

Al Bawaba

April 6th, 2014 - 07:55 GMT

Climbing up the property ladder: India largest foreign investor in Dubai real estate

Omani exporters wishing to access EU markets should be aware of the existing special requirements of their trading partners

April 6th, 2014 - 06:55 GMT

Two heads are better than one: Oman, EU seek to boost bilateral trade, investment

The IMF official said growth increased to about 3 per cent in 2013

April 6th, 2014 - 05:52 GMT

IMF to disburse $264m to Jordan under a Stand-By Arrangement in April

Iran says US sanctions have prevented it from renewing its fleet, forcing it to use sub-standard Russian aircraft and to patch up jets that have long since exceed their normal years of service. Iran says US sanctions have prevented it from renewing its fleet, forcing it to use sub-standard Russian aircraft and to patch up jets that have long since exceed their normal years of service.

April 6th, 2014 - 02:55 GMT

200 accidents later, Boeing,GE to sell spare airplane parts to Iran

According to SFD sources, around 50 companies were referred to the Public Prosecution last year. Altogether 84 cases were registered during the same time.

April 4th, 2014 - 07:41 GMT

Going Saudi-style? Qatar cracks down on migrant workers

Al Bawaba

April 3rd, 2014 - 11:55 GMT

Abu Dhabi's LED lights help reduce consumption