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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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Iraq is oil rich and has significant potential for economic development and growth. (File photo)
August 6th, 2017 - 09:30 GMT

Moody's Assigns Caa1 Issuer Rating to Iraq, Outlook Stable

The new scheme aims to provide housing at rents ranging from Dh70 ($190.59) to Dh2,100 ($571.76) per month. (File photo)
August 6th, 2017 - 09:21 GMT

Abu Dhabi Launches New Affordable Housing Plan for Low-Income Groups

The Duqm refinery occupies more than 2,000 acres and, when completed, will have a refining capacity of approximately 230,000 barrels of oil per day. (File photo)
August 6th, 2017 - 09:15 GMT

Petrofac, Samsung Engineering JV Wins $2 Billion Duqm Refinery Deal in Oman

Manufacturing industries contributed 6.9 percent to the emirate’s economic output in 2016. (File photo)
August 6th, 2017 - 09:03 GMT

Abu Dhabi: 16 New Factories Enter Production in H1 2017

In this photo Neymar poses with the CEO of Qatar Airways Akbar Al-Baker. (AFP)
August 3rd, 2017 - 01:30 GMT

Qatar Plays Politics With €222M Neymar Transfer to PSG

Lufthansa has just reported the best first-half results in its history. (File photo)
August 3rd, 2017 - 12:50 GMT

Lufthansa Has Big Plans for Air Berlin, and They Don't Include Etihad

The mega project was launched by the Saudi Crown Prince Mohammed bin Salman on August 1. (AFP/ File)
August 3rd, 2017 - 12:32 GMT

Red Sea Project Will Bring Tourists, Investments and Prosperity: Saudi Ministers

Qatar Airways backs off on its proposal to buy into American Airlines. (File photo)
August 3rd, 2017 - 11:34 GMT

Qatar Airways Reverses Decision to Buy Into American Airlines

Uber has been given three dedicated areas to transport passengers to and from King Khalid International Airport.
 (Mark Ralston/ AFP)
August 2nd, 2017 - 11:00 GMT

Your Move, Careem: Uber Strikes Passenger Transport Deal with Riyadh Airports

Textile merchants are facing a difficult time at the moment. (File photo)
August 1st, 2017 - 05:00 GMT

Textile Market, a Dying Industry in Saudi Arabia?

Expat workers constitute 60 percent of the workers in Saudi Arabia but their numbers have been dwindling in recent months. (AFP/ File)
August 1st, 2017 - 01:02 GMT

Half of Work Visas Issued by Saudi Arabia Are for Domestic Workers: Ministry

A flexible tax system would increase royalty payments for Saudi Aramco when oil prices rise. (AFP/ File)
August 1st, 2017 - 12:18 GMT

Saudi Arabia Mulls Oil-Price Linked Tax Plan for Aramco Ahead of IPO

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