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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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Qatar has been praised for its rapid labour reforms. (Shutterstock)
November 1st, 2018 - 07:45 GMT

Qatar Fund Aims to Help Migrant Workers in Bid to Meet UN Obligations

Amir Lababedi, Hilton Managing Director Development MENA
November 1st, 2018 - 07:18 GMT

Hilton Appoints Amir Lababedi as Managing Director Development in Middle East and North Africa

Mazen Pharaon, Leader of the Deloitte Digital Center in Riyadh
November 1st, 2018 - 06:47 GMT

Mazen Pharaon to Lead Deloitte Digital Center in Riyadh

During the event
November 1st, 2018 - 06:32 GMT

The Kingdom of Bahrain Hosts the 109th Session of the UNWTO Executive Council

The film will compete with 11 other films.
November 1st, 2018 - 06:13 GMT

Astra Vies for the Best Short Film Award at the Carthage Film Festival (JCC)

Qatar Foundation (QF) today welcomed the President of Nepal, Her Excellency Mrs. Bidhya Devi Bhandari, to Education City.
November 1st, 2018 - 05:48 GMT

Qatar Foundation Welcomes President of Nepal to Education City

“Unfortunately, often when that tax goes up the illicit trade will go up,” said LeMoult, speaking at the third Global Illicit Trade Forum in Abu Dhabi. (Shutterstock)
November 1st, 2018 - 03:30 GMT

Illicit Trade in GCC Rises as VAT and Taxation Increase

On Tuesday, the executive director of the International Energy Agency (IEA), Fatih Birol, warned that high oil prices hurt consumers and could harm producers. (Shutterstock)
November 1st, 2018 - 03:25 GMT

Oil Prices Rising Despite Output Increase and Iran Sanctions

The Algerian state-owned Sonatrach developed a strategic vision for 2030 to become one of the world's top five oil corporations, Guitouni pointed out. (Shutterstock)
November 1st, 2018 - 03:20 GMT

Algeria Taps Into Shale Gas Reserves, With Production Slated Within Five Years

The U.S. reimposed other non-oil sanctions in August, but next week's tranche is expected to have the greatest economic effect. (Shutterstock)
November 1st, 2018 - 03:14 GMT

US May Grant Waivers as Iran Sanctions Loom

As the U.S. financial system increasingly becomes an extension of Trump’s national-security policy, European policymakers have begun to lament the “tyranny” of the dollar. (Shutterstock)
November 1st, 2018 - 03:09 GMT

How Trump Is Using the Dollar to Reshape the Middle East

The primary faculty mentor from GU-Q for the project, Dr. Jeremy Koons
October 31st, 2018 - 01:10 GMT

GU-Q Research Proposals Awarded QNRF Grants

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