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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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Halal tourism destinations in Malaysia and Japan have grown rapidly. (Eat Halal)
April 10th, 2016 - 11:00 GMT

Indonesia designates ten provinces as halal tourist destination regions

King Salman was briefed on the restoration of the 1000 year old mosque and plans for the Islamic city. (SPA)
April 10th, 2016 - 07:54 GMT

Egypt: King Salman lays foundation stone at Saudi-funded 'Islamic city' at Al Azahar

The two UAE residents allegedly entered larger aggregate orders for gold and silver contracts on the Commodity Exchange Inc. (Comex) opposite smaller orders, and later cancelled the smaller orders. (Wikimedia Commons)
April 10th, 2016 - 07:00 GMT

Two UAE traders fined $2.69M by US court for illicit 'spoofing' practices

Dubai and Abu Dhabi markets both closed in positive territory on Friday. (AFP/File)
April 10th, 2016 - 05:25 GMT

Gulf stocks expected to follow oil rally ahead of Doha meeting

The idea of a causeway between the two countries had been floated before, especially by ousted Egyptian strongman Hosni Mubarak, but never made it past the planning stage.  (AFP/File)
April 10th, 2016 - 04:08 GMT

Saudi Arabia to finance Red Sea bridge to Egypt

KTO has already recognized 140 eateries as halal restaurants. (YouTube)
April 7th, 2016 - 03:25 GMT

South Korea courts Muslim tourists with new halal certification system

The Russian ambassador claimed that archeological treasures were being smuggled through Turkey to be sold directly to buyers over the internet. (AFP/FIle)
April 7th, 2016 - 12:00 GMT

Trade in plundered antiquities nets Daesh $200M annually: Russia

At least eight prominent Middle East figures have been named in the leaked Mossack Fonseca data. (Twitter)
April 7th, 2016 - 11:21 GMT

Panama Papers whistleblower: A mystery man most wanted

The eurobond issue should be complete by the end of the month. (Photo courtesy of The Daily Star)
April 7th, 2016 - 10:05 GMT

Lebanon announces three banks to manage $1B eurobond issue

The closure of small groceries will mean the loss of vital conveniences for many. (Riyadh Connect)
April 7th, 2016 - 09:00 GMT

Shura council proposes Saudization policy for local grocery shops

Al Bawaba
April 7th, 2016 - 08:00 GMT

That's super rich: Millionaires continue to migrate to Dubai

The third phase of Sezad is expected to be completed within three years. (File photo)
April 7th, 2016 - 06:54 GMT

Oman: Kuwaiti company lands $200M contract for next stage of Duqm port development

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