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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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In the 25th edition of the conference, more than 1,200 Islamic leaders, policymakers and innovators will participate in a series of panel discussions.
November 28th, 2018 - 07:01 GMT

Bahrain Islamic Bank Supports The 25th Annual World Islamic Banking Conference as a Silver Partner

This is because Google is worried that its predictive technology will inadvertently offend users by suggesting the incorrect pronoun. (Shutterstock)
November 28th, 2018 - 06:57 GMT

Google Bans Gendered Pronouns From Its AI

Jordan relies on Egyptian gas for 80% of its electricity generation, with the other 20% largely imported from Saudi Arabia and Iraq. (Shutterstock)
November 28th, 2018 - 06:52 GMT

Egypt-Jordan Gas Supply to Continue in January

Mr. Abdulrahman Alkhan, Head of Cards and eChannels at KFH-Bahrain
November 28th, 2018 - 06:48 GMT

KFH-Bahrain Launches Its New ‘PrePay’ Visa Platinum Prepaid Card

The projects, implemented in cooperation with churches and Caritas Jordan, include contributing to the construction of a Latin church at the Baptism Site. (Shutterstock)
November 28th, 2018 - 06:47 GMT

Hungary Provides Jordan With $ 1.3 Million in Aid for Community Projects

The portfolio of five hotels consists of the Address Dubai Mall, Address Boulevard, Address Dubai Marina, Vida Downtown and Manzil Downtown, together with about 1,000 hotel rooms. (AFP/Getty Images)
November 28th, 2018 - 06:42 GMT

Abu Dhabi National Hotels to Buy 5 Emaar Hospitality Properties

“The Middle East does things differently largely because of regulatory issues, but Hong Kong was very similar to Dubai in particular in previous years but has changed dramatically now." (Shutterstock)
November 28th, 2018 - 06:38 GMT

This Is What ME Finance Firms Must Do to Comply With Investor Needs

Al Hilal Bank is aiming to transform the Sukuk market through embracing Blockchain and integrating it into their infrastructure, paving the way for innovative digitised Islamic Sukuks, (which have been dubbed “Smart Sukuks”).
November 28th, 2018 - 06:32 GMT

World’s First Blockchain Sukuk Transaction Just Happened in Abu Dhabi

Miguel Arias Canete (R), Commissioner of the European Commission in charge of Climate Action and Energy, and Vice-President of the Islamic Republic of Iran and Head of the Atomic Energy Organisation of Iran (AEOI), Ali Akbar Salehi shake hands during a joint press point in Brussels on November 26, 2018. AFP
November 28th, 2018 - 06:27 GMT

Iran Pleads With EU to Set SPV Deadline

Iranian ships maneuver in the Strait of Hormuz. Iran has yet to resume harassment of U.S. Navy ships, despite increasing tensions after the U,S. pulled out of the nuclear deal. (Ebrahim Noroozi/AFP via Getty Images)
November 28th, 2018 - 06:19 GMT

Iran Leads GCC Countries in Marine Equipment Production

Such a shift could anger US President Donald Trump, who urged Opec not to cut supply. (Shutterstock)
November 28th, 2018 - 06:11 GMT

OPEC and Partners Might Cut Oil Production by 1.4 Million bpd

Additionally Sabic has signed a Non-binding Memorandum of Understanding (MoU) with its subsidiary Safco (Saudi Arabian Fertiliser Company), to facilitate the integration of the newly formed company – Sabic Agri-nutrient Investments – with Safco, subject to regulatory and shareholder approval. (AFP)
November 28th, 2018 - 06:06 GMT

Sabic Consolidates All Its Agri-Nutrient Assets

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