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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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$15 million will help support basic programmes for Palestinian refugees. (AFP/ File)
September 24th, 2017 - 01:21 GMT

UAE Donates $30 Million to UNRWA, UN Women

The move comes about a year after the UAE introduced its own bankruptcy law. (File photo)
September 24th, 2017 - 01:15 GMT

Saudi Arabia Introduces Bankruptcy Law in Bid to Attract Foreign Investment

Families on a tight budget can now pay in monthly installments, the airline said. (File photo)
September 24th, 2017 - 12:48 GMT

Etihad Launches 'Fly Now, Pay Later' for Families, Middle-Class Travelers

Qatar is relying on its gas exports to withstand the Saudi-led siege. (File photo)
September 24th, 2017 - 12:33 GMT

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Flyadeal launched its first commercial flights on Saudi Arabia's national day. (File photo)
September 24th, 2017 - 11:52 GMT

Flyadeal Officially Launches With Jeddah-Riyadh Flight

The 27th Gitex Shopper has officially opened its doors to the public. (File photo)
September 24th, 2017 - 11:37 GMT

Gitex Shopper 2017 Kicks off in Dubai

The country had rejected sharia-based financing options in the 1990s. Pictured here: Algerian president, Abdelaziz Bouteflika. (AFP/ File)
September 24th, 2017 - 10:13 GMT

Algeria Turns to Islamic Banking to Fix Its Financial Woes, For First Time Ever

Saudi Arabia plans to shut down recruitment offices of housemaids. (AFP/ File)
September 24th, 2017 - 09:58 GMT

Saudi Arabia to Scrap Housemaid Recruitment Agencies: Ministry of Labor

The upcoming referendum on Kurdish independence has the potential to roil both geopolitical alliances and oil markets. (AFP/ File)
September 21st, 2017 - 12:13 GMT

Opinion: Will an Independent Kurdistan Cause a Rift in Oil Markets?

Saudi Arabia announced in April that it will implement total Saudization in shopping malls. (AFP/ File)
September 21st, 2017 - 11:53 GMT

Saudization Success: Jeddah’s Malls Achieve 40 Percent Saudization

More hotels will be opening in the UAE in 2018 than in any other country in the Middle East. (Ramada Hotel Ajman/ File photo)
September 21st, 2017 - 11:32 GMT

83 New Hotels to Open in UAE in 2018: Report

The new regulations will be applicable from June next year on all Islamic banks in Bahrain. (Shutterstock)
September 21st, 2017 - 10:42 GMT

Bahrain Issues New Regulations for Islamic Banks

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