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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 ...

AFESD’s second agreement will contribute $162m to the Egyptian-Saudi electricity linkage project.

March 26th, 2014 - 03:55 GMT

Kuwait based Arab Fund to invest record $412 in Egypt

The International Monetary Fund, or IMF, urged GCC regulators to continue to ensure that banks maintain higher capital than required by minimum international standards.

March 26th, 2014 - 12:25 GMT

IMF tells GCC banks to be prepared for the worst

Overall, the Middle East’s online shopping is set for ‘exponential’ growth in the next three to five years, as more consumers embrace faceless transactions

March 25th, 2014 - 10:58 GMT

Addiction or healthy economy? UAE leads the region in online shopping

Arab foreign ministers on Sunday approved a draft resolution that paves the way for Egypt to host the Arab summit next year, and referred it to the Arab leaders for final endorsement.

March 25th, 2014 - 10:20 GMT

Too much drama to handle? Kuwait's Arab Summit 'aimed at economic growth'

Etihad will now have a 49 per cent stake in Air Serbia (File Archive)

March 25th, 2014 - 04:00 GMT

UAE airline moves forward with Air Serbia deal

The new app is designed to curb the frequency of blackouts expected during Egypt's summer months (File Archive)

March 25th, 2014 - 02:36 GMT

Curbing energy use in Egypt? Yes, Cairo has a new app for that

Almost one million foreign workers left KSA between March and November 2013 ahead of Saudi's major labor deportations at the end of last year (File Archive)

March 25th, 2014 - 01:45 GMT

Report: KSA policy forces over half of contracting firms to shut their doors....for good

Al Bawaba

March 25th, 2014 - 09:55 GMT

China to provide new loans to Sudan

Al Bawaba

March 25th, 2014 - 08:58 GMT

Business tourism in Dubai expected to grow in line with Expo 2020

“This sector is beginning to make waves in the U.K. but needs to be nurtured from alternative investment to major league player,” Heaton said.

March 25th, 2014 - 03:47 GMT

Feigning devotion: UK focuses efforts on halal investing

In a statement to The Jordan Times on Monday, the bank said the employees, who resigned in October 2013, have withdrawn the money from other banks' ATMs.

March 25th, 2014 - 02:38 GMT

Jordan's Bank al Etihad reveals JD207,000 embezzlement case by former employees

The Middle East is a big market for technology and the growth of mobile in the region poses huge potential for us,” she said.

March 25th, 2014 - 02:34 GMT

Yahoo Maktoob 'reinvents itself', adopts FIFA theme for Middle East audience