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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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The report, by Arabian Travel Market (ATM), found that religious tourism in the kingdom is still driving demand. (AFP)
February 12th, 2018 - 11:41 GMT

Saudi Hospitality Market to Grow 13 Percent in Five Years: Report

In 2016, Oman raised the tax on tobacco by 100%, along with other GCC states. (Shutterstock)
February 12th, 2018 - 10:28 GMT

Oman to Double Tax on Tobacco, for Health Reasons

The majority of UAE residents (62 percent) expect the introduction of VAT to be a challenge for the country, according to a survey by YouGov. (Shutterstock)
February 12th, 2018 - 10:22 GMT

UAE Residents Expect a Cost-of-Living Pay Raise in 2018: Survey

12 years ago, Hezbollah and Israel were left gutted by a summer war that was costly for both sides. Another crisis could be looming. (Mahmoud Zayyat/ AFP)
February 11th, 2018 - 08:00 GMT

5 Reasons Why Israel Is Ready for War With Hezbollah (Oil Is One of Them)

Calling Bitcoin the 'biggest bubble in human history', economist Nouriel Roubini predicts that the virtual currency will crash to zero value. (Shutterstock)
February 11th, 2018 - 05:00 GMT

Will Bitcoin Crash to Zero? Yes, Says Dr. Doom

The lifting of U.S. sanctions, hailed by many, has simply proved to be the starting point for utter disaster in the Sudanese economy. (AFP)
February 11th, 2018 - 04:00 GMT

Opinion: Sudan’s Economy on Verge of Collapse as US Lifts Sanctions

In a poll, Gulf News asked 2,548 people if they would be able to produce Dh1,000 ($272) right away for an emergency. The results are shocking. (Pixabay)
February 11th, 2018 - 01:13 GMT

Half of UAE Residents Don’t Have Dh1,000 of Savings: Survey

In April last year, Dubai’s ruler Sheikh Mohammed bin Rashid Al-Maktoum decreed that disabled people would be known as ‘people of determination’. (Credit: Antonie Robertson)
February 11th, 2018 - 12:26 GMT

Dubai Gives ‘People of Determination’ Special Business Privileges

Saudi Arabia's King Salman has given the water sector a boost with $46.6 million to spend each year on mobile desalination plants. (File photo)
February 11th, 2018 - 12:11 GMT

Saudi King Orders $46.6 Million to Be Spent Annually on Desalinated Water

The revenues from oil and gas exploration will dramatically change the face of Lebanon, according to estimates. (Shutterstock)
February 8th, 2018 - 12:40 GMT

Lebanon: Offshore Gas Project to Generate $200 Billion in Revenues

Analysts expect a correction in oil to the $59 level of support. See this chart. (Shutterstock)
February 8th, 2018 - 11:38 GMT

Oil Prices to Correct to $59, Say Analysts [CHART]

Tunisia, Sri Lanka and Trinidad and Tobago are now on the EU's money laundering blacklist. (Shutterstock)
February 8th, 2018 - 11:07 GMT

Tunisia Fires Central Bank Governor for 'Turning Blind Eye to Money Laundering'

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