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Spain football fans in Madison Square Gardens
July 19th, 2026 - 08:24 GMT
P. Choiaqo

P. Choiaqo

$2.3 million for World Cup final resale tickets

ALBAWABA - While tickets are officially ‘sold out’ according to FIFA, the tickets are being resold for millions on resale sites. The World Cup final is shaping up to be the most expensive sporting event in United States history, with tickets requiring people to be literal millionaires to purchase them as their prices skyrocket on resale sites. The most coveted seat at the New York-New Jersey event, which covers the ...
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The tax will have minimal economic impact on people and investments, says UAE Minister. (Shutterstock)
December 19th, 2017 - 02:44 GMT

No Increase in Salaries to Cope With VAT: UAE

Saudi Arabia is ahead of the curve in paving the way for a smooth transition to a low-carbon economy, and nuclear power is at the top of its agenda. (Shutterstock)
December 18th, 2017 - 01:09 GMT

Why Saudi Arabia Wants to Bank on Nuclear Power

The number of factories and manufacturing facilities in Qatar have doubled since the beginning of the Saudi-led blockade six months ago. (Shutterstock)
December 18th, 2017 - 12:51 GMT

Number of Factories in Qatar Doubled During Blockade: Minister

Senior bankers in Saudi Arabia have clarified that money sent home by expat workers will not be taxed under the new VAT. (Shutterstock)
December 18th, 2017 - 12:33 GMT

No VAT on Expat Remittances in 2018: Saudi Arabia

Lebanon's real GDP growth is expected to pick up in 2018 supported by the reopening of trade routes with Syria and Iraq by mid-2018. (File photo)
December 14th, 2017 - 02:07 GMT

Reopening Syria, Iraq Trade Routes Will Add to Lebanon's 2018 GDP Growth

Saudi Arabia has announced that electronic purchases are subject to the value added tax (VAT), effective January 1. (File photo)
December 14th, 2017 - 01:48 GMT

E-Commerce Transactions Subject to VAT: Saudi Arabia

The UAE, Saudi Arabia and Bahrain have raised their interest rates today. Kuwait's interest rate remains unchanged. (File photo)
December 14th, 2017 - 01:03 GMT

UAE, Saudi Arabia, Bahrain Follow US With Interest Rate Hike

King Salman on Thursday issued a decree allocating SR72 billion ($19.2 billion) of stimulus funds to support the private sector in 2018. (AFP/ File)
December 14th, 2017 - 11:12 GMT

Saudi Arabia Unveils $19 Billion 'Stimulus' for Private Sector

When it comes to Egypt's economy in the coming years, three economic issues in particular are prompting investors to hedge their bets. (AFP)
December 13th, 2017 - 09:37 GMT

Opinion: Three Challenges Ahead for Egypt’s Economy

While the price of Bitcoin can suddenly rise to an extreme level, "it can also collapse later," he warned. (AFP/ Philippe Lopez)
December 13th, 2017 - 09:04 GMT

Beware of Bitcoin, Warns Turkey's Deputy PM

Saudi Arabia's most well-known businessman Prince Alwaleed bin Talal is still under arrest. (Getty)
December 13th, 2017 - 08:47 GMT

Saudi Arabia: Special Unit to Handle Cash Settlements From Arrested Princes

China purchased 8.47 million barrels of crude oil in the first 11 months of this year, up 12 percent from the same period of 2016. (File photo)
December 12th, 2017 - 07:00 GMT

China's Oil Imports up 14 Percent as Government Tries to Demonopolize Sector

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