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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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Turkish airlines plane. (File photo)
July 5th, 2017 - 09:00 GMT

Turkey Says Electronics Ban on US Flights to Be Lifted on July 5

Moody's. (File photo)
July 5th, 2017 - 08:24 GMT

Moody's Changes Qatar's Rating Outlook From Stable to Negative

Passengers on flights from Dubai International Airport to the United States can carry their laptop, tablets, and other electronic devices onto the aircraft. (File photo)
July 5th, 2017 - 07:47 GMT

Emirates Says Laptop Ban on US Flights Lifted

Saudi Arabia began collecting fees from expats and their dependents on July 1, 2017. (File photo)
July 4th, 2017 - 12:33 GMT

Saudi Arabia: New Expat Tax to Generate $709 Million in 2017-2018

Egypt had been holding talks with Disney since March to lift the ban. (Pixabay)
July 4th, 2017 - 12:19 GMT

Disney Lifts Ban on Merchandise Produced in Egypt: Minister

An elderly refugee from northern Mali stands under the shade of a tree at the Mangaize refugee camp on June 2, 2012. (Issouf Sanogo/ AFP)
July 4th, 2017 - 12:11 GMT

Saudi Arabia's IDB Approves $1 Billion for Development Projects in Asia, Africa

Share prices scroll across a screen hanging in a Paris stock exchange. (Eric Piermont/ AFP)
July 4th, 2017 - 12:00 GMT

European Stocks Tumble on North Korea's Missile Test Announcement

The hike in fuel prices is sparking fears of a further increase to inflation and the cost of food in Egypt. (AFP/ File)
July 4th, 2017 - 11:56 GMT

Egypt: Sudden Hike in Fuel Prices Sparks Fears of Inflation, Increased Food Costs

North Korea claims to have conducted its first successful test of a long-range missile that it says can "reach anywhere in the world." (AFP)
July 4th, 2017 - 11:38 GMT

Gold Prices Bounce Back After North Korea Announces Missile Test

It's 'business as usual' in Qatar, according to Saad Sharida Al-Kaabi, CEO of Qatar Petroleum. (AFP/ File)
July 4th, 2017 - 11:09 GMT

Qatar to Boost Gas Production by 30 Percent, Defying Gulf Blockade

A fall in oil exports from OPEC countries will lead to a rise in prices. (File photo)
July 4th, 2017 - 11:01 GMT

Oil Prices to Rebound in July as OPEC Exports Fall: Analysts

The wind farm is a partnership between the international energy company Statoil and Masdar. (File photo)
July 4th, 2017 - 10:40 GMT

Masdar Announces World's First Floating Offshore Wind Farm in Scotland

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