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Spain loses $15 million from world cup while the US gives it to anti-Iran efforts
July 24th, 2026 - 08:28 GMT
Osama Ali

Osama Ali

Spain loses $15 million from world cup while the US gives it to anti-Iran efforts

ALBAWABA — This week, the $15 million figure surfaced in two very different international stories, demonstrating how the same sum of money can be both a significant incentive and a financial setback. On the one hand, it has been reported that Spain, the recently crowned FIFA World Cup champions, may lose almost $15 million of their championship prize due to U.S. taxes. Conversely, the U.S. government has declared a $15 ...
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Contracts traded during the five-day period ending August 4 suggest the market expects WTI prices could range from $29 a barrel to $61 a barrel. (File photo)
August 11th, 2016 - 10:00 GMT

EIA estimates oil prices will stabilize in 2017

Emiratis attend a presentation about the UAE Space Agency. (File)
August 11th, 2016 - 10:00 GMT

UAE Space Agency, Lockheed Martin ‘blast off’ with professional training program

Transferring money in Lebanese banks can take weeks of frustration. (Shutterstock)
August 11th, 2016 - 06:00 GMT

Show me the money: Lebanon addresses bank transfer delay problems

An Egyptian worker drinks tea at Karnak temple in Luxor, Egypt, on June 11, 2015. (AFP/Mohamed el-Shahed)
August 11th, 2016 - 05:00 GMT

Experts predict new levels of poverty due to corruption in Upper Egypt

Kuwait is preparing a comprehensive economic program to face the challenges imposed by the drop in oil prices and to achieve a balance in the national economy via diversifying income sources and putting an end to wasting public funds. (AFP/File)
August 10th, 2016 - 02:00 GMT

Kuwaiti government hikes up fuel prices

This December 2, 2015 photo released by Qatar University shows Qataris taking pictures with Turkish President Recep Tayyip Erdogan. (AFP/File)
August 10th, 2016 - 12:45 GMT

Qatar thinks all is well in Turkey: No risks, investment to continue

Jordan's Prime Minister Hani Mulki reached out to Turkey to strengthen economic ties between the two countries. (AFP / File)
August 10th, 2016 - 12:00 GMT

Jordan, Turkey discuss economic relations

Russian President Vladimir Putin (L) shakes hands with Turkey's President Recep Tayyip Erdogan during a meeting in Baku on June 13, 2015. (AFP/Alexei Druzhinin)
August 10th, 2016 - 11:00 GMT

Russian Sovereign Wealth Fund looks to invest in Turkey

Wholesale and retail have been prosperous in the UAE this July. (File photo)
August 10th, 2016 - 09:00 GMT

Dubai businesses see July boom

Thirty French helicopters are headed to Kuwait. (AFP/File)
August 10th, 2016 - 08:00 GMT

Kuwait to receive French helicopters in $1.1B deal

Tourists queue in the Sharm el-Sheikh airport. (AFP/File)
August 10th, 2016 - 04:45 GMT

Eleven month after bomb attack, Turkish Air resumes flights to Sharm El-Sheikh

The nine-month diploma offers training in several fields to enable Syrians to integrate into the local job market. (Creative commons)
August 9th, 2016 - 02:00 GMT

Jordan’s Yarmouk University to offer 250 scholarship to Syrians

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