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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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The two exceptional dollar tenders indicate that the CBE wants to send a clear message to the market that it is determined to restore balance to the banking sector. (File photo)
March 16th, 2016 - 09:17 GMT

Egypt's black market battle: CBE auctions another $1.5M

The Saudi government has been looking to reduce spending after posting a budget deficit of nearly $100B last year. (Wikipedia)
March 16th, 2016 - 07:00 GMT

Saudi Arabia launches fresh austerity drive

Saudi Arabia is expected to have the highest salary increases, but real pay rises net of inflation will average just 1.2 percent. (File photo)
March 16th, 2016 - 06:00 GMT

Double whammy: GCC cutbacks will hit salaries as cost of living rises

Most parents and educators recognize the power of ed-tech to help build social and emotional skills. (Shutterstock)
March 16th, 2016 - 05:00 GMT

MENA private investment into education technology 'shows signs of stagnation': WEF

A company official said they had paid half of the salary to the workers and they are planning to send them back. (File photo)
March 15th, 2016 - 02:00 GMT

Oman: Expatriate staff strike against working conditions, non-payment of salaries

Toronto, the provincial capital of Ontario, Canada. (Wikipedia)
March 15th, 2016 - 12:59 GMT

Canada in drive to attract Gulf investments

The company will carry out preliminary studies in order to understand Egypt’s monetary policy.  (File photo)
March 15th, 2016 - 12:30 GMT

Graviton launches $500M fund to explore Egypt's green energy sector

Jordan's Prime Minister urged more Indonesians to come to the country to study Arabic and Islamic law.  (Wikipedia)
March 15th, 2016 - 12:00 GMT

Jordan courts Indonesian trade, tourists

Other measures being undertaken include the privatisation of state-owned assets including airports, ports and some facilities of Kuwait Petroleum Corp. (File photo)
March 15th, 2016 - 11:00 GMT

Kuwait introduces economic reforms: corporate profits taxed, commodities to be 'repriced'

The recent Arizona law requires parties contracting with the state government to certify that they do not participate in boycotts against Israel. (File photo)
March 15th, 2016 - 10:00 GMT

Arizona follows four US states in passing anti-BDS laws

Muscat continues to develop its infrastructure in response to steady increases in business and leisure arrivals.  (Photo courtesy of Muscat Daily)
March 15th, 2016 - 08:40 GMT

Hilton unveils plans for new hotel in Muscat in 2019

Meydan Racecourse complex also serves as a business and conference integrated facility. (Meydan)
March 15th, 2016 - 07:00 GMT

Dubai's Meydan Group taps $476M from Qatar's QNB for infrastructure ventures

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