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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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Egypt's central bank sub-governor Rania Al-Mashat. (AFP/File)
July 31st, 2016 - 11:00 GMT

Rania Al-Mashat to be new senior advisor to IMF

The new airport will boast 118 check-in counters for international and domestic flights. (TimesofOman)
July 31st, 2016 - 10:00 GMT

Construction coming along smoothly in new Muscat International Airport terminal

About $155 billion worth of major projects were under execution in the UAE at the mid-point of 2016. (File photo)
July 31st, 2016 - 08:00 GMT

Brighter skies ahead for UAE

A general view taken on April 9, 2014 shows the Zueitina oil terminal. (AFP/Abdullah Doma)
July 31st, 2016 - 05:00 GMT

Libya’s oil terminals reopen following 18 months closure

Syrian refugee children look on from a window during a sandstorm at a refugee camp on September 8, 2015 near the Bekaa Valley village of Taalabaya Lebanon. (AFP/File)
July 28th, 2016 - 02:00 GMT

World Bank renews $1.5 billion commitment to Lebanon

Egyptair is encouraging Egyptians to support local tourism and take their holidays inside the country. (Shutterstock)
July 28th, 2016 - 01:00 GMT

Egyptair encourages Egyptians to travel at home

Saudi Vision 2030 was announced in April focusing on economic diversification and attracting foreign investment. (AFP/File)
July 28th, 2016 - 12:00 GMT

Saudi Vision 2030 expected to reinvigorate Jeddah and Riyadh real estate markets

With the Kingdom's recent stability, JSF expects next year’s economic conditions to be better than this year’s. (Shutterstock)
July 28th, 2016 - 11:00 GMT

Jordan foresees improved economic conditions for 2017

The UAE is well prepared to be crowned as a fun destination in the Mena region. (File photo)
July 28th, 2016 - 10:00 GMT

UAE to become top leisure destination in the Middle East

Careem has brought a new fleet of specially-adapted vehicles into its network and modified its reservation system. (File photo)
July 28th, 2016 - 07:00 GMT

Careem launches service for disabled travelers in Saudi

Etisalat reported earnings of $626 Million in the second quarter of 2016. (File photo)
July 28th, 2016 - 06:00 GMT

Etisalat profits jump by 51 percent

Fresh grads in the UAE want to feel passionate about their job, while nearly 10 percent said they didn't know what salary to expect at their first job. (Shutterstock)
July 28th, 2016 - 04:58 GMT

For UAE grads, passion for the job comes before salary

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