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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 aim is for the organisation to be sustainable and continually receive funding over the long term from companies. (File photo)
April 21st, 2016 - 06:00 GMT

UAE philanthropist Abdulla Al Ghurair launches $1.1B education fund

With oil prices down by approximately 65 percent compared to their mid-2014 levels, total earnings combined at the six companies declined 34 percent in 2015. (File photo)
April 21st, 2016 - 05:00 GMT

Negative outlook for oil companies as Fitch predicts 22 percent fall in earnings

In November, Russia issued an immediate suspension of all commercial flights to and from Egypt, pending a report on the status of security procedures at Egyptian airports. (File photo)
April 21st, 2016 - 04:15 GMT

US, Russia conduct Egypt airport security review

The Secretary-General of Hezbollah Sayyed Hasan Nasrallah has denied that the party deals with any Lebanese or foreign banks. (File photo)
April 20th, 2016 - 01:00 GMT

Lebanese banks accepting Hezbollah MP's salaries will face US sanctions

Islamic finance will likely remain a moderate contributor due to the industry's small size and the issues it has yet to resolve to unlock its global potential. (File photo)
April 20th, 2016 - 11:00 GMT

Islamic finance assets estimated at $2.1T in 2015: S&P

The bill will now go to the Guardian Council, the constitutional supervisory body, for ratification before becoming law. (Wikimedia Commons)
April 20th, 2016 - 10:00 GMT

Iran's lawmakers propose $330B budget that doubles oil exports

French President Francois Hollande (C) delivers a speech as Defence Minister Jean-Yves Le Drian (C-L) watches on at the Prince Hassan French military base, some 100 kilometres from the Jordanian capital Amman on April 19, 2016. (AFP/Stephane de Sakutin)
April 20th, 2016 - 09:00 GMT

Hollande in Jordan: France aims to be top tier investor

Alabaar is also the founder and a major shareholder of Singapore-based marketer, distributor and retailer RSH, which has more than 70 international fashion and lifestyle brands and 700 outlets. (The Fashion Spot)
April 20th, 2016 - 08:00 GMT

Alabaar invests $113M in online fashion retailer Yoox Net-A-Porter

Kuwaiti oil workers arrive at the union headquarters in Al-Ahmadi, 35 km south of Kuwait city, on April 17, 2016. (AFP/Yasser Al-Zayyat)
April 20th, 2016 - 07:00 GMT

Kuwait’s oil and gas workers end strike

Over 1,100 people in the UAE's banking sector have lost their jobs since last year. (Emirates NBD)
April 20th, 2016 - 06:00 GMT

Emirates NBD cuts 300 jobs in latest industry cull

Iconic Warner Bros characters at Warner Bros Movie World in Australia. (Pinterest)
April 20th, 2016 - 05:00 GMT

Warner Bros World theme park to open in Abu Dhabi

Kuwaiti oil workers at the union headquarters in Al-Ahmadi, 35 km south of Kuwait city.  (AFP/File)
April 19th, 2016 - 01:00 GMT

Kuwait oil workers strike cripples 60 percent of production

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