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FIFA President Infantino and US President Trump hand World Cup trophy to Spanish player Rodri

July 20th, 2026 - 07:57 GMT

P. Choiaqo

FIFA earned $9 billion from the World Cup

ALBAWABA - As the biggest World Cup ever draws to a close with Spain lifting the trophy for the second time - FIFA emerges as the biggest winner with $9 billion in the bank from the tournament. This edition of the World Cup is breaking records as being the biggest and most lucrative event in sports and entertainment history, with figures such as Madonna, Justin Bieber, BTS and Shakira performing ...

No VAT will apply on exports to countries outside the GCC region. (AFP/ File)

November 6th, 2017 - 11:05 GMT

No VAT on Rents, Medications or Non-GCC Exports: Saudi Arabia

Kuwait has banned the recruitment of expats who are under 30 years of age. Pictured here: Kuwait's Emir, Sabah Al-Ahmad Al-Jaber Al-Sabah. (AFP/ File)

November 5th, 2017 - 07:00 GMT

Kuwait Bans Work Visas for Expats Younger Than 30 Years Old

Oil prices are nearing their highest levels in more than two years on expectations of an oil cut extension. (File photo)

November 5th, 2017 - 06:00 GMT

Oil Prices Near Two-Year High on Hopes of a Cut Deal Extension

Tadawul remained the dominant exchange in the GCC in terms of IPO proceeds. (AFP/ File)

November 5th, 2017 - 05:00 GMT

Four IPOs Issued in the GCC in Q3 2017

Dubai has been ranked first in the Arab world and second globally for the 'ease of issuing building permits'. (File photo)

November 5th, 2017 - 01:03 GMT

Dubai Second Easiest Country for Ease of Issuing Building Permits

Revenues were also up by 9 percent (11 percent without currency fluctuations). (File photo)

November 5th, 2017 - 12:54 GMT

Aramex Records Net Profit Growth of 13 Percent in Q3 2017

The education sector in the UAE and GCC region holds bright prospects for teachers. (GEMS Education/ File)

November 5th, 2017 - 12:42 GMT

Thousands of Teachers Needed in UAE and GCC in Next Five Years

Shares of Kingdom Holdings tumbled nearly 10 percent on Sunday. (AFP/ File)

November 5th, 2017 - 11:27 GMT

Kingdom Holding’s Shares Crash After Arrest of Prince Alwaleed in Anti-Corruption Probe

“Would very much appreciate Saudi Arabia doing their IPO of Aramco on the New York Stock Exchange. Important to the United States!,” Trump tweeted. (AFP/ File)

November 5th, 2017 - 07:01 GMT

In Tweet, Trump Urges Saudi Arabia to Choose NYSE for Aramco IPO

The package represents additional financing to the Iraq Emergency Operation for Development Project. (Shutterstock)

November 2nd, 2017 - 12:16 GMT

World Bank to Provide $400 Million for Iraq Reconstruction

The new authority will help improve protection of networks, information technology systems and data. (File photo)

November 2nd, 2017 - 10:53 GMT

Saudi Arabia Sets up New Authority for Cyber Security

Qatar's strong fiscal position and relatively diversified economy will propel economic activity going forward in the country. (File photo)

November 2nd, 2017 - 10:16 GMT

Strong Fiscal Position to Bolster Qatar Economy: Report