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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 MCCI fears that both private and public sectors will be weakened by the proposed policy. (Shutterstock/:
Fedor Selivanov)
March 10th, 2016 - 07:00 GMT

Saudi's reduced working week plans could cost $26.6B: Mecca Chamber chairman

Severe rains closed schools and Abu Dhabi airport, and caused widespread delays at Dubai's airport. (AFP/File)
March 10th, 2016 - 06:00 GMT

Insurance companies prepare for extensive claims following UAE storm

In January 2016 Iraq exported an average of 3.88 million barrels a day, including exports from Iraqi Kurdistan. (File photo)
March 10th, 2016 - 05:00 GMT

Iraq is the third largest market for infrastructure projects in the GCC

Hilton Salwa Beach Resort & Villas Hilton will include a water park, marina, dive center, cinemas, pools, health club, spa and retail space. (Hill International)
March 9th, 2016 - 02:02 GMT

Qatar's tourism drive is in full swing

Saudi Aramco recently announced the possibility of an initial public offering in the future. (File photo)
March 9th, 2016 - 01:37 GMT

Saudi Aramco to ramp up production over next ten years

Saudi Arabian Airlines has urged travel agencies in Kuwait to stop booking flights to Lebanon, according to Kuwait's al-Qabas newspaper. (Wikimedia Commons)
March 9th, 2016 - 12:00 GMT

Lebanese facing visa refusals, canceled tickets as GCC turns up pressure

Despite shrinking GCC budgets, defense companies are poised for exponential growth due to continued conflict in the region. (AFP/File)
March 9th, 2016 - 11:06 GMT

Paramount Group defense firm forecasts rocketing sales from Mideast conflicts

Salalah Port, Oman (Port Technology)
March 9th, 2016 - 09:00 GMT

Oman and Iran sign ports development deal

Hesan Alkhaleej will also have sand-filtering technologies.  (Image courtesy of Trade Arabia)
March 9th, 2016 - 08:00 GMT

Siemens unveils 'Horse of the Gulf' high-speed GCC train

The Labor Ministry would also be providing support to pay part of the salaries of employed Saudis. (AFP/File)
March 9th, 2016 - 07:00 GMT

Saudization of mobile industry ordered by September 2

The National News Agency had reported that charges against Abou Merhi were dismissed as 'null in all forms'. (File photo)
March 9th, 2016 - 05:51 GMT

US refutes claims that Lebanese tycoon is cleared

DubaiSat-two, which was launched into orbit in 2013, was 70 per cent designed by Emiratis. (Shutterstock)
March 8th, 2016 - 01:30 GMT

Seeing stars: UAE Space Agency to launch four new satellites by 2020

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