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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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Prior to U.S. sanctions on Iran, Japan decreased its Iranian imports in September by 140 thousand barrels per day (bpd) from the 183 thousand bpd imported in June. (Shutterstock)
November 8th, 2018 - 03:00 GMT

Japan to Apply for Extension on Iranian Waivers

Poroshenko met Turkish President Recep Tayyip Erdogan during the 7th meeting of the council between Turkey and Ukraine held in Istanbul on Saturday. (Shutterstock)
November 8th, 2018 - 02:53 GMT

Ukraine, Turkey to Commence Free Trade

Notably, the pressure on the SWIFT operators is unacceptable, Lavrov said. (Shutterstock)
November 8th, 2018 - 02:43 GMT

Russia Sides With Iran as US Implements Sanctions

Germany’s top diplomat also warned that new sanctions on Iran may further escalate tensions in the Middle East and become a threat to Europe’s security. (Shutterstock)
November 8th, 2018 - 02:38 GMT

Germany Fears US Sanctions Will Empower Irani Radicals

The president said the new Ethiopian leadership has shown "positive signs" in this regard, referring to Prime Minister Abiy Ahmed, who came in to office in April. (AFP)
November 8th, 2018 - 02:33 GMT

Egypt Wants Guarantees From Ethiopia on Its $4 Billion Dam

Mr. Ahmad Al Amir, Assistant General Manager for External Communications, Gulf Bank
November 7th, 2018 - 12:51 GMT

Countdown to the Gulf Bank 642 Marathon Begins

Web Summit 2018 is being held in the Portuguese capital, Lisbon, from November 5 to 8.
November 7th, 2018 - 12:29 GMT

Dubai FDI’s Participation in Web Summit in Portugal Highlights Emirate’s Promising Growth & Expansion Opportunities

Held under the theme “Investing in Arab Youth – Fostering Responsible Leadership” the event welcomed more than 80 distinguished guests, including MPs, diplomats academics and business leaders.
November 7th, 2018 - 12:23 GMT

New Findings From 10th ASDA’A BCW Arab Youth Survey Unveiled at Berlin Event Hosted by UAE Embassy

The Company’s net profit stood at KD8.5 million for the first nine months of 2018.
November 7th, 2018 - 11:55 GMT

Jazeera Airways Announces Nine-Month 2018 Earnings

UAE-based IIB Chairman HE Saeed Abdul Jalil Al Faheem
November 7th, 2018 - 11:48 GMT

International Investment Bank Announces Successful Exit From Aircraft Investment, Achieving 18 Percent IRR

Qatar National Library
November 7th, 2018 - 11:43 GMT

New Open Access Award Announced at Qatar National Library

Engineer Saed Al Awadi, CEO of Dubai Exports
November 7th, 2018 - 11:35 GMT

Dubai Exports Brings Spotlight on UAE Foods Sector at SIAL

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