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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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A number of Saudi investors in Egypt have faced hurdles as projects stalled following the 25 January Revolution. Some Saudi investors are seeking compensation for the nationalisation of their assets.
November 17th, 2013 - 03:55 GMT

New economic roadmap on the way for Saudi and Egypt

The demand in particular would spike for talent in senior leadership across sectors such as industry, construction and technology with both Dubai and Doha hosting global events like the Expo 2020 and Fifa World Cup 2022.
November 17th, 2013 - 03:55 GMT

How the Expo 2020 is about to bring on a tug of war between the UAE and Qatar

Zurich’s recent findings are quite opposite to the trend about a year ago, where a spike in consumer interest in home contents insurance was noted after a massive fire broke out at a residential tower in Dubai
November 14th, 2013 - 12:38 GMT

Bad news: 94% of UAE residents don’t have home insurance

In the last decade, Gulf airports recorded a ten per cent CAGR (compound annual growth rate) in air traffic.
November 14th, 2013 - 12:09 GMT

Gulf airports making pricey investments in security

UAE imports more than 80 percent of its medications (Shutterstock)
November 14th, 2013 - 11:36 GMT

The health industry: UAE's next big market?

The Fund is expecting the economy to pick up in 2014 as global conditions improve and oil production recovers.
November 14th, 2013 - 11:29 GMT

Yikes, IMF lowers MENA growth forecasts

Boeing will require 2,610 new airplanes over the next 20 years for its Middle East fleet (Courtesy of Wikimedia)
November 14th, 2013 - 09:32 GMT

Boeing Boom projected in Middle East over next 20 years

Saudi Arabia recently held the 2013 PE Partner Equity Forum in Riyadh (Courtesy of IIR Middle East)
November 14th, 2013 - 08:50 GMT

GCC Kingdom leading private equity destination in the Middle East

The Lykan Hypersport will only be available to seven people in the world. (Image credit: ritholtz.com)
November 14th, 2013 - 06:09 GMT

The Arab supercar that can go from 0-100 in 2.8 seconds

Even in oil rich MENA, solar energy is projected to grow. (Image credit: Shutterstock)
November 14th, 2013 - 05:42 GMT

MENA solar energy to grow to 3.5 MW by 2015 -- and then some more

The former Prime Minister, who is said to have amassed a £50 million fortune since leaving office, was paid the staggering sum for two 30-minute speaking events over two days, at which he discussed global affairs.
November 14th, 2013 - 04:55 GMT

Tony Blair paid $250,000 an hour for lip-service engagement in Dubai

According to the UK’s official tourism agency VisitBritain, there was a seven per cent rise in visitors from the UAE to Britain last year with Emiratis accounting for 18 per cent of the visitors.
November 14th, 2013 - 03:55 GMT

Playing it right? UK attracts the Gulf's big spender through visa exemption

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