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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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As importers sought foreign currency from a growing black market, pressuring the value of the pound, the central bank has taken measures to control the market. (File photo)
February 24th, 2016 - 08:00 GMT

Egypt's Central Bank eases restrictions on import requirements

Iranian Oil Minister Bijan Namdar Zanganeh speaks at a press conference in the capital Tehran. (AFP/File)
February 24th, 2016 - 07:00 GMT

Iran says assumption that they would freeze oil production is 'a joke'

Al Bawaba
February 24th, 2016 - 06:00 GMT

Lebanese banks removed from financial watchdog list

The ruins of Mamoun Dalloul's dairy factory, 2014. (Electronic Intifada)
February 24th, 2016 - 05:00 GMT

Gaza dairies struggle to continue production

Dubai
UAE's Sheikh Hamdan bin Zayed bin Sultan Al Nahyan presents a Medal of Honor to Queen Rania of Jordan at The Global Women's Forum. (Twitter)
February 23rd, 2016 - 01:00 GMT

Ladies first: The Global Women's Forum underway in Dubai

Al Bawaba
February 23rd, 2016 - 12:00 GMT

GCC banks may face double squeeze due to low oil prices: Moody's

High-rise buildings, especially commercial buildings, consume a significant amount of energy. (File photo)
February 23rd, 2016 - 11:00 GMT

UAE's climate-smart infrastructure 'will replace conventional architectural styles'

Tarek Amer, governor of the Central Bank of Egypt. (File photo)
February 23rd, 2016 - 09:49 GMT

Egypt won't float currency until reserves reach at least $25B: CBE

The RTA has also introduced extensive and significant financial enhancements to the investment structure of the project. (Design Mena)
February 23rd, 2016 - 09:00 GMT

Dubai's Union Oasis project tender deadline extended

Raytheon Cybersecurity found that Middle Eastern students were aware of cybersecurity threats and how to protect themselves. (File photo)
February 23rd, 2016 - 08:00 GMT

Cybercrimes cost GCC $1 billion a year

Financial market and oil market developments injected caution into Kuwait's real estate market. (File photo)
February 23rd, 2016 - 07:00 GMT

Kuwait's real estate market hits five-year low

The report by consultancy Strategy& said that regional construction firms face a slew of challenges such as low oil prices and geopolitical issues. (Shutterstock)
February 23rd, 2016 - 06:45 GMT

GCC construction companies urged to slash staff and procurement costs

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