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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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Hi-tech houses will help alleviate Saudi Arabia's housing crisis. (Shuttestock)
August 7th, 2016 - 04:00 GMT

Saudi to use 3D-printing to tackle housing crisis

Operations at Dubai airport are suspended until further notice. (AFP/File) .
August 4th, 2016 - 02:00 GMT

Flights disrupted following Dubai airport accident

By 2030, Saudi Arabia hopes to have employed millions of Saudi nationals in private sector. (File Photo)
August 4th, 2016 - 01:00 GMT

Saudi private sector to employ 4.1m nationals by 2030

Idaho State University. (Twitter)
August 4th, 2016 - 11:00 GMT

US universities to lose over $5M as Saudi students stay away after mistreatment

More than 34,000 km of gas pipelines have so far been laid and a further 1,680 km will be laid in the near future. (File photo)
August 4th, 2016 - 09:00 GMT

Iran plans thousands of miles of gas pipelines nationwide

Construction in Muscat. (AFP/File)
August 4th, 2016 - 07:25 GMT

Oman convention center slated to open in September

Oriental Weavers, founded in 1979, is considered a giant manufacturer of carpets, rugs and related raw material. (File photo)
August 4th, 2016 - 05:00 GMT

Oriental Weavers expand production by injecting over EGP 100 million’s worth of investments

BLOM bank in Beirut came under attack in June. (AFP/File)
August 4th, 2016 - 04:51 GMT

Lebanon: Financial analysts warn of long-term economic repercussions after BLOM Bank attack

Muslim women visit a chateau in Nantes, France. (AFP/Jean-Sebastien Evrard)
August 3rd, 2016 - 04:00 GMT

Islamic funding in France comes under fire

The output sub-index continued to fall for a 10th month but at a slower rate, as it reached 48.8 points in July from 46 points in June. (AFP/File)
August 3rd, 2016 - 03:00 GMT

Non-oil sectors slow for 10th consecutive month in Egypt

This file photo shows The British Union flag (L) and the European Union (EU) flag flying side-by-side outside City Hall, the headquarters of the Greater London Authority, in central London. (AFP/File)
August 3rd, 2016 - 02:00 GMT

Brexit will not affect UK’s commitments to Jordan

Saudi women, shown here at a cultural festival near the capital Riyadh. (AFP/File)
August 3rd, 2016 - 01:00 GMT

Saudization initiatives: Women-only telecom centers

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