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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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Will gold ever get its glow back? Analysts weigh in. (Shutterstock)
February 15th, 2018 - 06:00 GMT

Gold Prices: Has a Pivotal Moment Finally Arrived?

Cross-border commercial traffic was suspended after South Sudan declared independence in 2011. (Courtesy of Voa News)
February 15th, 2018 - 01:43 GMT

Sudan, South Sudan Resume Cross-Border Trade After 7 Years

Corruption in the real estate sector is one of many instances of corruption in Lebanon. (Shutterstock)
February 15th, 2018 - 11:35 GMT

Corruption in Real Estate Costs Lebanon $40 Million a Year

Oil prices continued to rise on Thursday, after a lower than expected rise in U.S. inventories and Saudi renewed commitment to curtail production. (File photo)
February 15th, 2018 - 10:48 GMT

Oil Prices Rise on Thursday on US Inventory Figures, Saudi Comments

Saudi Minister of Energy Khalid Al-Falih. (AFP/ File)
February 15th, 2018 - 10:28 GMT

Saudi Arabia to Double Gas Production in 10 Years: Khalid Al-Falih

UAE's travel and tourism GDP will increase from $18.7 billion in 2016 to $34.6 billion by 2026, with Dubai leading the way. (Shutterstock)
February 15th, 2018 - 09:36 GMT

Tourism Sector to Create 77,400 New Jobs by 2026: UAE

The new tax comes on top of the value-added tax (VAT) and the already existing service tax. (File photo)
February 15th, 2018 - 09:28 GMT

Saudi Arabia Introduces New Tax on Hotels, Furnished Apartments

Hussain Sajwani, Chairman of Damac Properties. (File photo)
February 14th, 2018 - 12:19 GMT

Damac Properties Hopeful Despite Drop in 2017 Net Profit: Chairman

GCC countries are still far from adopting resolution regimes discussed during the financial crisis in 2008, a report says. (File photo)
February 14th, 2018 - 11:30 GMT

GCC Banks Still Far From 2008 Resolutions: Report

Hotels across Dubai had something to cheer about in January: they all saw more guests coming in, especially Russians. (Mohamed El-Shahed/ AFP)
February 13th, 2018 - 12:24 GMT

Dubai Hotels See Best Performance Since 2014, Thanks to Russian Tourists

The new Jeddah Downtown. (Courtesy of The Saudi Gazette)
February 13th, 2018 - 11:48 GMT

Top 10 Development Projects in Saudi Arabia, Based on Value

Good news: Jordan improved four ranks in the environmental sustainability dimension for 2017. (Shutterstock)
February 12th, 2018 - 12:27 GMT

Jordan Drops 12 Positions on World Energy Council Index

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