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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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Qatar is planning to focus its future development within the non-oil and gas sectors (File Archive)
March 17th, 2014 - 09:36 GMT

Doha rolling out the dough for Qatar infrastructure, set to launch new projects worth $65 billion

82 per cent of businesses in the Middle East are targeting growth in 2014
March 17th, 2014 - 07:55 GMT

71% Omani firms targeting growth

The Suez Canal Project is much needed for the Egypt's economic revival.
March 17th, 2014 - 04:55 GMT

There's definitely no Qatari involvement here: Dubai Ports to invest in Suez Canal Project

 
Israel routinely closes the crossing to mount the pressure on the besieged Palestinians and their rulers in Gaza.
March 17th, 2014 - 03:55 GMT

How gracious: Israel to allow fuel shipments to Gaza

Al Bawaba
March 16th, 2014 - 07:23 GMT

The ghosts of the 2009 crash: Abu Dhabi graciously amends the refinancing agreement for Dubai's $20 billion debt

The Syrian refugee influx into Jordan has in some ways exacerbated the Kingdom's financial struggles to a new level (File Archive)
March 16th, 2014 - 04:00 GMT

Why the World Bank is pouring millions into Jordan...this time

Al Bawaba
March 16th, 2014 - 03:00 GMT

Egypt's tourism takes another plunge, records 28 percent drop in visitor rate in early 2014

Al Bawaba
March 16th, 2014 - 02:00 GMT

Sotheby's, Art Dubai planning to woo investors with latest offers in contemporary art market

Sixty percent of the region's upstream oil transactions in 2013 were from the UAE, Oman and Iraq (File Archive/Shutterstock)
March 16th, 2014 - 12:00 GMT

Going against the tide? MENA upstream oil sector reports growth in transaction value

Al Bawaba
March 16th, 2014 - 09:55 GMT

Rapid household borrowing results in 8% credit growth in Kuwait

The new bridge and service roads will ensure free traffic movement to access the Bluewaters Island featuring an array of spectacular waterfronts
March 16th, 2014 - 08:09 GMT

Dubai announces two more massive road projects

Al Bawaba
March 16th, 2014 - 03:55 GMT

The end of first world problems: are cell phone manufacturers about to be forced into making one "universal" charger?

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