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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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Saudi Oil Minister Ali Al-Naimi. (Twitter)
April 14th, 2016 - 12:00 GMT

Saudi Arabia nixes talk of oil production cuts ahead of Doha meeting

Narcotics seized from two vehicles entering Jordan from Syria last month.  (Photo courtesy of Jordan Armed Forces-Arab Army)
April 14th, 2016 - 11:00 GMT

Raids on the up as Jordan combats drug smuggling

Five state-owned companies will be affected by the strike. (AFP/Yasser al-Zayyat)
April 14th, 2016 - 09:00 GMT

Kuwaiti oil union leader denies strike negotiations are underway

Oman agents say that  investors with big money want to see a clear framework of buying, responsibilities and obligations which has not yet done. (Constructionweekonline.com)
April 14th, 2016 - 08:00 GMT

Oman's real estate agents appeal for framework to boost expat property sales

KRG Interior Minister says that Peshmerga fighters have not been paid for three months. (AFP/File)
April 14th, 2016 - 07:00 GMT

KRG running monthly deficit of $100M to fight Daesh

Aab opened a haute-couture high street store in East London in 2015. (Aabcollection.com)
April 14th, 2016 - 06:00 GMT

Global Muslim lifestyle market worth $1.7 trillion

The agreement aims to enhance the economic and trade relations between the two countries, and protect companies and individuals from direct or indirect double taxation. (Shutterstock/ISchmidt)
April 14th, 2016 - 05:00 GMT

UAE, UK sign treaty to end double taxation

The Organization of Petroleum Exporting Countries said its forecast for growth in world oil demand in 2016 was lowered by 50,000 barrels per day to 1.2 million bpd. (File photo)
April 14th, 2016 - 04:04 GMT

Oil prices slip as OPEC forecasts weaker demand

Al Waleed also holds majority shares in Twitter and Euro Disney. (AFP/File)
April 13th, 2016 - 12:00 GMT

Saudi Prince Al Waleed bin Talal injects $36M into the Arab film industry

The three power plants are slated for completion in 2018. (Shutterstock)
April 13th, 2016 - 11:00 GMT

Egypt secures $3.9B funding for 'world's largest' power plants

Similar ageist measures have been proposed in Kuwait. (Marcopolis)
April 13th, 2016 - 10:00 GMT

Bahrain: Proposal to ban expats over age 50 draws widespread criticism

Saudi Arabia said it was halting $4 billion in grants to the Lebanese military and security forces over what Riyadh perceives as “hostile” stances linked to Hezbollah and Iran at Arab League and Islamic conferences. (Yalibnan)
April 13th, 2016 - 09:00 GMT

Lebanon appeals for Egypt's help in reviving Saudi aid package

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