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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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The department's Building Classification System, or BCS, has so far enabled the surveying of 20,000 plots of land, and more than 120,000 units including apartments, offices, retail, schools and public amenities. (File photo)
May 9th, 2016 - 08:00 GMT

Star-powered: Dubai unveils new building ratings system

Khalid Al-Falih had a 25 year career with Saudi Aramco, including six years as its CEO.  (AFP/Fayez Nureldine)
May 9th, 2016 - 07:00 GMT

Same old: New Saudi oil minister to maintain current policies

The Etihad Aviation Group now employs more than 27,000 people. (File photo)
May 9th, 2016 - 06:00 GMT

Etihad Airways unveils new management structure

Jeddah Port, Saudi Arabia. (Wikipedia)
May 9th, 2016 - 05:00 GMT

Jordan, Saudi mull new Aqaba-Jeddah shipping route

Negotiations have focused on various measures and legal procedures aimed at preventing Ethiopia from reducing Egypt's share of Nile water.  (AFP/Lloyd-George)
May 9th, 2016 - 04:08 GMT

Will the Renaissance Dam be completed before tripartite consensus is reached?

Banque Misr is one of the top five banks in terms of assets’ size. (File photo)
May 8th, 2016 - 12:00 GMT

Egypt: Majority of banking assets held by five banks

Border closures with Syria and Iraq led to a sharp drop in exports to the most important traditional markets for Jordanian products.  (Cobone)
May 8th, 2016 - 11:00 GMT

Jordan appeals to EU to simplify trade restrictions

In December, Al Habtoor also called the American tycoon “Islam’s biggest enemy.” (AFP/Brendan Smialowski)
May 8th, 2016 - 09:41 GMT

UAE's Al Habtoor on Trump: 'A loose cannon, very dangerous to the world'

The project will use LED (light emiting diode) lighting systems which will achieve a minimum of 60 per cent drop in energy consumption. (Shutterstock)
May 8th, 2016 - 09:08 GMT

Abu Dhabi's $1.4B Mafraq-Ghuwaifat international highway 59 percent complete

In 2013, Qatar’s production from the field was two times higher than Iran’s. (Twitter)
May 8th, 2016 - 07:00 GMT

Iran to exceed Qatari natural gas production by 2017 from shared field

Iran had previously rejected calls to cut production until its output reached four million barrels per day. (File photo)
May 8th, 2016 - 05:00 GMT

Is Iran finally ready to join oil production freeze plan?

Ali al-Naimi, who has been in charge of the kingdom’s oil policy since 1995. (File photo)
May 8th, 2016 - 04:02 GMT

Saudi Arabia dismisses longtime oil minister in major cabinet shake-up

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