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BUSINESS

BUSINESS latest

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 promotion applies to major categories including perfumes, cosmetics, watches, costume jewellery, precious jewellery, handbags, luggage, sunglasses, ladies, men's & children's fashion, confectionery and delicatessen. (Shutterstock)
November 29th, 2018 - 05:38 GMT

Fly to Dubai for National Day Festivities With This Special 3-Day Sale

As of January 1, 2019, the marks will be made available for importers or producers of designated excise goods, including cigarettes, to purchase and place on their products, indicating that due taxes have been settled. (Shutterstock)
November 29th, 2018 - 05:32 GMT

UAE Announces New Tobacco Tax Collection System for January 2019

A more fundamental issue lies with the fact that the first PlayStation was an entry point into the world of 3D gaming at home. (TechRadar)
November 29th, 2018 - 05:22 GMT

We Present You With the Ultimate Playstation Classic Review

The antiquities included oil lamps, pottery, glass jars and statues dating back to various eras of Jordan’s history. (Shutterstock)
November 29th, 2018 - 05:13 GMT

Jordan Retains a Plethora of Trafficked Artefacts From Canada

The UAE government further developed purposeful plans to monitor future changes in the country's economy and the infrastructure dynamics through adopting the "UAE’s Annual Economic Outlook Report" initiative. (Shutterstock)
November 29th, 2018 - 05:08 GMT

UAE Makes Huge Strides for Attracting Business With 6 New Initiatives

Coming into force by December 1st, the two resolutions are part of the Abu Dhabi Government Accelerators Programme ‘Ghadan 21’ which is aimed to enhance the competitiveness of Abu Dhabi in business, investment, society, knowledge innovation, and lifestyle. (Shutterstock)
November 29th, 2018 - 05:02 GMT

Abu Dhabi Announces Two-Year Fee Exemption for New Licenses

"We have lots of exchanges with other states, including South Korea, China and India, and we can import goods in lieu for crude exports to them," Hemmati told reporters on the sidelines of a cabinet meeting in Tehran. (Shutterstock)
November 29th, 2018 - 04:56 GMT

China Has Found a Way to Resolve Oil Payments to Iran. Will Other Countries Follow Suit?

Iranian Foreign Minister Mohammad Javad Zarif (L) speaks during a press conference with Iraqi Foreign Minister Ibrahim al-Jaafari in the Iraqi capital Baghdad on February 24, 2015. (AFP)
November 29th, 2018 - 04:49 GMT

US Medicine Sanctions on Iran Are Illegal, but Still Imposed

A maritime demarcation accord signed with Saudi Arabia in 2016 has allowed the country to embark on oil and gas exploration for the first time in the Red Sea. (Shutterstock)
November 29th, 2018 - 04:43 GMT

Egypt Launches Bid to Dig for Oil and Gas in Red Sea

Electrical interconnection lines between Egypt and Saudi Arabia are scheduled to begin operation in the beginning of 2021, with a capacity of 3,000 MW. (Shutterstock)
November 29th, 2018 - 04:39 GMT

Saudi Invests $ 2 Billion in Egypt's New Power Plant

Al-Saraj said that Saudi Vision 2030 was motivating students, encouraging them to create their own businesses. (Shutterstock)
November 29th, 2018 - 04:33 GMT

Saudi Banks on Its Students to Transform Its Economy

The 450 km inter-city transport system is envisioned to improve pilgrim comfort and lead to a reduction in the number of traffic accidents. (SPA)
November 29th, 2018 - 04:27 GMT

Saudi's High-Speed Railway Is Still on Vision 2030 Course

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