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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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Fintech companies are being launched every now and then, mostly in countries like Egypt, UAE and Lebanon. (Shutterstock)
February 22nd, 2018 - 01:30 GMT

Souqalmal, BitOasis: 10 of the Most Innovative Fintech Firms in the Mena Region

Bitcoin and other cryptocurrencies could be used to send funds to Iran, bypassing sanctions imposed by the US. (AFP/ File)
February 22nd, 2018 - 12:07 GMT

Iran Could Turn to Its Own Cryptocurrency, to Avoid US Sanctions

On May 2, 2017, Singapore-based Changi Airports said in a statement that it had won the license to run the airport for a 20-year term. (Courtesy of GACA)
February 22nd, 2018 - 10:57 GMT

Changi Airports Loses Deal to Manage Jeddah Airport, 10 Months After Tender

The meeting will be held in Doha, on April 11 and 12. (Karim Jaafar/ AFP)
February 22nd, 2018 - 06:00 GMT

Qatari, Omani Businessmen Prepare for Business Meeting in April

The volume of trade exchange between Egypt and the rest of the world is up, so is Egypt's trade deficit. (File photo)
February 21st, 2018 - 11:59 GMT

Egypt’s Trade Deficit at $8.9 Billion for July-September 2017: Central Bank

The value of remittances sent home by Filipinos in the UAE grew to significant levels in 2017. (File photo)
February 21st, 2018 - 11:22 GMT

Filipinos Send Biggest Remittances in 2017: Report

More than 5,000 events are planned for Saudi Arabia in 2018, including a circus. (Shutterstock)
February 21st, 2018 - 10:26 GMT

Concerts and Fashion Shows: Saudi Arabia Unveils Entertainment Line-Up for 2018

Saudi Arabia on Tuesday approved an agency under the Ministry of Labor to facilitate the employment of Saudis in the private sector. (AFP/ File)
February 21st, 2018 - 10:11 GMT

Saudi Arabia Approves Special Unit to Employ Saudis in Private Sector

The report said little relief was expected until Expo 2020. (File photo)
February 21st, 2018 - 06:00 GMT

Dubai Real Estate Slump to Continue for Another Two Years: Report

Facebook's stock price, since its IPO in 2012, has surged more than three-fold. But the best is yet to come. (Shutterstock)
February 20th, 2018 - 05:00 GMT

Facebook Will Continue to Be a Money-Making Machine: Here’s Why

Construction of Deira Mall will begin this year, with completion expected in 2021. (Courtesy of Nakheel)
February 20th, 2018 - 04:00 GMT

In Pictures: Nakheel Unveils New Mega-Mall in Dubai, Middle East's Biggest

The U.S. dollar inched higher versus a basket of major currencies on Tuesday. Oil markets were split. (Shutterstock)
February 20th, 2018 - 02:07 GMT

Strong U.S. Dollar, Mixed Oil: Top 5 Things to Know in the Markets Today

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