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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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Etihad is one of ten companies submitting non-binding offers for ailing Alitalia. (File photo)
July 24th, 2017 - 11:05 GMT

Etihad Makes Non-Binding Offer for Alitalia, for Total or Partial Takeover

Kuwait’s oil minister Essam Al-Marzouq says deeper cuts are a possibility for OPEC and non-OPEC countries. (Yasser Al Zayyat/ AFP)
July 24th, 2017 - 10:24 GMT

What to Expect From Today's OPEC, Non-OPEC Meeting?

The timing of Ramadan and Eid falling in the second quarter this year have had an impact in the drop in advertised jobs. (File photo)
July 23rd, 2017 - 12:20 GMT

UAE Sees 38 Percent Less Jobs Advertised in Second Quarter of 2017

Of the 200,000 job opportunities available with ride-hailing companies, 110,000 Saudis have registered so far. (Photo courtesy of Careem)
July 23rd, 2017 - 11:58 GMT

'Careem Helps 110,000 Saudis Make Up to SR12,000 a Month'

The absence of a legal framework for bankruptcy has long been a hindrance to UAE businesses. Not anymore. (Shutterstock)
July 23rd, 2017 - 11:17 GMT

A Look at UAE's New Bankruptcy Law: How It Works and Why It's Good News

Dammam’s residential sector has seen a marginal decline in both sale prices and rents over the past six months. (Shutterstock)
July 23rd, 2017 - 11:01 GMT

Weak Oil Prices, Slow Economy Weigh on Dammam Real Estate Market

Economic growth this year for Saudi Arabia is forecast to be around 0.1 percent. (File photo)
July 23rd, 2017 - 09:30 GMT

Saudi Arabia's 2017 Growth Forecast 'Close to Zero': IMF

Iran expects to export 1 million tonnes of surplus wheat and its products this year. (AFP/ File)
July 20th, 2017 - 12:03 GMT

Largely Self-Sufficient, Iran to Export 1 Million Tonnes of Surplus Wheat

Last year's coup attempt, geopolitical developments and the referendum process have all affected Turkey's economy. (AFP/ File)
July 20th, 2017 - 11:54 GMT

Turkey Optimistic, Even as It Runs a $7-Billion Budget Deficit

The drop in Abu Dhabi rents is expected to persist throughout 2017. (Shutterstock)
July 20th, 2017 - 11:44 GMT

Drop in Abu Dhabi Rents to Persist Throughout 2017: Report

A rendering of Hamad Port. (Twitter)
July 20th, 2017 - 10:05 GMT

Qatar's Hamad Port Breaks Blockade With Five New Shipping Lines

The GCC region has several characteristics that can speed up the growth of IoT, including broadband penetration and a young, tech-savvy population that is ready for a revolution in digital services and connectivity. (Pixabay)
July 20th, 2017 - 09:48 GMT

IoT Market in GCC Has Potential to Reach $11 Billion by 2025: Experts

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