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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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Moody's joins the other two major foreign credit rating agencies, Fitch and Standard & Poor's, to operate rating activities in Saudi Arabia. (Thomas Coex/ AFP)
August 1st, 2017 - 11:38 GMT

Moody’s Wins License to Operate in Saudi Arabia, Big Three Now Complete

Traders at Muscat Securities Market (MSM), the only stock exchange in Oman. (Photo courtesy of TBY)
August 1st, 2017 - 11:05 GMT

Oman Stock Market Declines, Led by Falling Investment Sentiment

The company, owned by the powerful family of Lebanese Prime Minister Saad al-Hariri, closes after 39 years in operation. (AFP)
August 1st, 2017 - 10:52 GMT

End of a Dynasty: Saudi Oger Officially Shuts Down After 39 Years in Saudi Arabia

The project aims to develop “exceptional resorts” on more than 50 natural islands in the Red Sea. (File photo)
August 1st, 2017 - 08:52 GMT

Saudi Arabia Unveils Plans for Maldives-Inspired, Massive Red Sea Tourism Project

Drivers queue up to fill their tanks with fuel at a petrol station in Kuwait City on the eve of increased petrol prices on August 31, 2016. (Yasser Al Zayyat/ AFP)
July 31st, 2017 - 11:16 GMT

Economic Slowdown, Subsidy Reforms Hit Fuel Demand in Oman

Tunisian medics carry a woman on a stretcher in the resort town of Sousse after an IS-related attack on June 27, 2015. The attack killed nearly 40 people, most of them British tourists. (AFP)
July 31st, 2017 - 10:59 GMT

Tunisia Tourism Gets Boost as UK Lifts Two-Year Travel Ban

Saudi Arabia had previously enforced a two-month ban on Egyptian strawberries on July 8.  (Pixabay)
July 31st, 2017 - 10:34 GMT

Iraq Latest to Ban Egypt's Fruits and Vegetables Over Pesticide Concerns

The number of visitors from Saudi Arabia to Abu Dhabi more than doubled in June. (File photo)
July 31st, 2017 - 10:15 GMT

Abu Dhabi Sees 30 Percent More Visitors in June: Tourism Authority

Egypt will lower its customs exchange rate to 16.25 pounds per dollar from 16.50, effective from Tuesday. (File photo)
July 30th, 2017 - 02:22 GMT

Egypt Lowers Customs Exchange Rate to 16.25 Pounds/USD

The agency said that Oman’s fiscal performance last year and in the first few months of 2017 were weaker than was suggested. (File photo)
July 30th, 2017 - 12:27 GMT

Moody's Downgrades Oman, Bahrain Ratings

Saudi Arabia, Egypt, the UAE and Bahrain cut ties with Qatar on June 5, accusing it of backing terrorist groups. (AFP/ File)
July 30th, 2017 - 11:26 GMT

Arab States to Impose ‘More Economic Sanctions on Qatar’

Private deposits in Oman are on the rise. (Photo courtesy of Bank Muscat)
July 30th, 2017 - 11:11 GMT

Commercial Banks in Oman See 2.5 Percent More Private Deposits

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