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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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Saudi Arabia has launched a new entrepreneurship licence, open to both citizens and residents alike. (AFP)
January 8th, 2018 - 08:14 GMT

Saudi Arabia Unveils New Entrepreneur License for Citizens, Residents

VAT revenues will be used to achieve better local services, greater community development and broader support for UAE citizens. (Shutterstock)
January 8th, 2018 - 07:31 GMT

UAE: 70 Percent of VAT Will Go to Local Governments

Here are five stocks with some serious volatility potential to watch in 2018. (Shutterstock)
January 7th, 2018 - 06:00 GMT

Market Outlook: 5 Stocks to Watch in 2018

Online payments in Jordan reached JD3.34 billion in 2017, compared with just JD561 million in 2016. (Shutterstock)
January 7th, 2018 - 01:00 GMT

Online Payments Five Times Higher in 2017: Jordan’s Central Bank

Nile X will be officially launched in the second half of January. (YouTube)
January 7th, 2018 - 12:17 GMT

Nile X: First Egypt-Made Smartphone Ready for Pre-Order

The report also expressed fear of a devastating war with Israel over the next five years. (AFP)
January 7th, 2018 - 11:53 GMT

Political Uncertainty Could Slow Lebanon’s Economic Growth: Report

Qatar, in September last year, launched the Next Chapter of its National Tourism Sector Strategy 2030. (AFP)
January 7th, 2018 - 11:00 GMT

Qatar: Hotels Double in Two Years to Cater to Tourist Influx

King Salman has ordered the payment of a monthly allowance of SR1,000 for government and military staff. (AFP/ File)
January 7th, 2018 - 10:43 GMT

Saudi King Orders SR1,000 Payment to State Employees in 2018

2017 marked the worst year for the U.S. dollar in more than a decade with the Dollar Index falling over 9%. Will the dollar recover in 2018? (Shutterstock)
January 4th, 2018 - 07:00 GMT

Will the US Dollar Recover in 2018?

The Qatari economy has proved resilient, and local sectors will benefit from the increased self-reliance. (AFP)
January 4th, 2018 - 06:00 GMT

Qatar Economy 2017: Resilience and Growth Despite Blockade

Crude oil prices reach their highest level in the last two and a half years. (AFP)
January 4th, 2018 - 12:02 GMT

Oil Prices Hit Highest Level in Three Years on Geopolitical Tensions

The UAE tax authority wants the following elements to be mentioned on any VAT bill. (Shutterstock)
January 4th, 2018 - 10:58 GMT

What Should a VAT Tax Invoice Include in UAE?

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