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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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Buzz Aldrin will be joined by Saudi Arabia’s Prince Sultan Bin Salman Bin Abdul Aziz Al Saud, the first Arab to go into space. (AbuDhabi2.com)
March 7th, 2016 - 07:00 GMT

Buzz Aldrin, industry giants to attend Abu Dhabi's Global Aerospace Summit

The resilience of Lebanon's property market will be tested if political instability continues into the longer term. (File photo)
March 7th, 2016 - 06:21 GMT

For now, Lebanon's property market weathers the economic crisis

MENA markets ended February in green, but pressures remain due to falling oil prices. (File photo)
March 7th, 2016 - 05:30 GMT

Qatar considering international debt markets to bridge deficit

British Airways, Air France-KLM, and Saudi Arabian Airlines are among the carriers affected. (Twitter)
March 6th, 2016 - 01:15 GMT

Egypt sets terms for dollar payments to foreign airlines

MGM's Creed, starring Sylvester Stallone, is now showing on OSN. (OSN)
March 6th, 2016 - 12:00 GMT

OSN renews partnership with MGM Studios

Aster DM acquired a majority stake in Riyadh's Sanad Hospital in October 2015. (Arabian Post)
March 6th, 2016 - 11:00 GMT

Private players eye opportunities in Saudi's expanding healthcare market

The expected failure of Parliament to ratify the budget and Cabinet to approve two critical oil decrees weighs heavy on the economy,” the survey said. (File photo)
March 6th, 2016 - 10:00 GMT

Lebanon braces itself for credit rating downgrade

Mohammed Abdul Latif Jameel, President of Abdul Latif Jameel and Mohamed Alabbar, Chairman of Emaar Properties. (ALJ)
March 6th, 2016 - 09:00 GMT

Abdul Latif Jameel plans $2B Saudi expansion

The proposal involves infrastructure investments of $300M and the establishment of 120 factories. (AFP/File)
March 6th, 2016 - 08:00 GMT

Gulf consortium seeks approval for $3B industrial city in Suez Canal Economic Zone

Saudi's decision to halt aid the decision came after Lebanese officials took positions at Arab League and Islamic group meetings “which were not in harmony with the ties between the two countries.” (AFP/File)
March 6th, 2016 - 07:00 GMT

French arms intended for Lebanon to be diverted to Saudi Arabia

Gaza Strip residents have no electricity for 16 hours a day due to limited fuel and capacity. (AFP/Mohamed Abed)
March 6th, 2016 - 06:00 GMT

Israel's energy ministry opens talks for Leviathan gas imports to Gaza

The loan will be invested in energy, agriculture and telecom. (Twitter)
March 6th, 2016 - 05:00 GMT

National Bank of Egypt gets a $700M loan from China

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