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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 ...

France has been the first country to sign government to government agreement on nuclear and energy with Saudi Arabia.

October 3rd, 2013 - 12:08 GMT

Saudi Arabia and France might not see eye to eye on the Niqab, but they surely do on energy matters

The prayer rugs, however, are made by Saudi females trained at the academy thus the materials are supplied to their houses where the weaving is implemented.

October 3rd, 2013 - 11:49 GMT

Fancy a prayer-rug themed Toyota? Yes, it's possible.

"As it is, 80 percent of energy subsidies do not benefit those in need," explained Galal, who stressed that the amount was "double the spending on education and four times the spending on health."

October 3rd, 2013 - 10:54 GMT

Two truths and a lie? Egypt's government says subsidy cuts will not affect fuel prices

The GCC made a big jump in the volume of intra-regional trade of GCC from $32 billion in 2005 to $100 billion last year.

October 3rd, 2013 - 10:25 GMT

Gulf states keen on taking their relationship further

Dubai’s property market prices collapsed by over 50 percent in 2009 after the global economic crisis

October 3rd, 2013 - 10:10 GMT

Was the transfer fee hike needed after all? Dubai house price rises ‘unsustainable,’ says report

Jordan produces around 5 per cent of its needs of wheat, while the rest is imported from other countries, mainly the US

October 3rd, 2013 - 10:04 GMT

Businessmen encouraged to invest in wheat cultivation in Russia

North American airlines saw demand rise 5.1 per cent over a year ago, the slowest growth for any region but still close to double the year-to-date increase of 2.7 per cent.

October 3rd, 2013 - 09:57 GMT

The one thing that seems to be doing exceptionally well in the Middle East? Airlines!

Upon completion, the lagoon will be entered into the Guinness Book of Records, said a statement released by the company on Wednesday.

October 3rd, 2013 - 08:58 GMT

From desert to tropical island? Dubai to create largest artificial lagoon

The Kingdom ranked 44th in the education pillar, 68th in health and wellness, 97th in workforce and employment and 46th in terms of having an enabling environment.

October 3rd, 2013 - 08:44 GMT

Not bad? Jordan ranked 55th on human capital and 26th on quality of eduction

"I do not think that with this quantity OPEC is in trouble," Badri said.

October 2nd, 2013 - 02:43 GMT

Keep calm and carry on: OPEC's approach to the shale boom

The JV partners are to build the QAR 8.46 billion ($2.32 billion) Red Line North Underground line for Doha Metroon behalf of Qatar Railways Company.

October 2nd, 2013 - 01:34 GMT

Qatar's Red Line is a step closer to being crossed

Dubai ranked second globally for retail representation, just behind the British capital London, according to the annual CBRE survey for the year 2012.

October 2nd, 2013 - 11:38 GMT

Who needs more? Dubai says it has plenty of room for new malls