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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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Lebanon's imports from Britain stand at only $600 million a year while exports to the country are valued at $40 million. (LinkedIn)
June 27th, 2016 - 05:00 GMT

Lebanon expects Brexit benefits in EU import bills

Emaar Properties chairman Mohamed Alabaar at the opening of Dynergy Technologies' state-of-the-art switchboard manufacturing plant in TechnoPark, Dubai in 2010. (World Property Journal)
June 27th, 2016 - 04:23 GMT

Dubai's new industrial strategy targets $43.5B additional income by 2030

Recent assets acquired by Middle Eastern investors include Claridge’s, The Connaught and the Berkeley in London’s Knightsbridge. (File photo)
June 26th, 2016 - 12:30 GMT

Will Brexit trigger a UK property shopping spree by Middle East investors?

The agreements were supported by the Central Bank of Jordan (CBJ) which allows banks to use money allocated to the energy sector against low interest rates when funding programmes implemented by the fund.  (Shutterstock)
June 26th, 2016 - 11:30 GMT

Jordan renewable energy projects get support from fund, banks

Female employment rates are calculated by dividing the number of Saudi women registered in social security by the establishment’s total employment numbers. (File photo)
June 26th, 2016 - 10:30 GMT

Saudization: Ministry unveils new nationalization quota calculation

Tourists on a dhow boat in the Strait of Hormuz, Musandam, Oman. (Shutterstock/Imran's Photography)
June 26th, 2016 - 08:30 GMT

Oman's tourism 2040 strategy will create 500,000 jobs: Ministry

Saudi King Salman bin Abdulaziz Al-Saud had earlier issued a decree to secure Egypt’s needs of petroleum over the next five years. (File photo)
June 26th, 2016 - 07:43 GMT

Egypt: $650M in fuel products received from Saudi Arabia in May and June

Sukuk issuance has been growing in Turkey and Qatar. (File photo)
June 26th, 2016 - 06:30 GMT

Islamic banking outgrows conventional banking in Turkey, Qatar

For the British energy sector, Oil & Gas U.K. said in a statement the industry is "at a critical juncture."  (Shutterstock)
June 26th, 2016 - 05:00 GMT

Oil prices suffer one of worst slides in recent history following Brexit vote

Prime Minister David Cameron in 2013 with the Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan. (Stefan Rousseau)
June 24th, 2016 - 05:25 GMT

Brexit vote rekindles hope for new UK-GCC free trade agreements

Economists say the bilateral trading landscape between the GCC and the UK may not necessarily be harmed by Brexit. (Shutterstock)
June 24th, 2016 - 11:41 GMT

Brexit: A weaker pound presents opportunities for GCC investors

Al Bawaba
June 24th, 2016 - 08:37 GMT

Global markets take a tumble as UK votes to leave the EU

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