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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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Project delays will be a by-product of slowing market conditions, reducing the risk of oversupply. (File photo)
February 18th, 2016 - 01:00 GMT

Seven Saudi real estate trends to watch this year

The GCC's savings from increased fuel prices will likely be small - an average of 0.5 per cent of GDP across GCC countries in 2016. (File photo)
February 18th, 2016 - 12:00 GMT

GCC needs more than fuel subsidy reforms: Moody's

An increase in the population and rising cost of treatment are the primary factors aiding Oman's healthcare market growth.  (File photo)
February 18th, 2016 - 11:00 GMT

Fit as a fiddle? Oman's health-care market to grow to $4.3B by 2020

The plant is expected to be operational in 2019. (File photo)
February 18th, 2016 - 10:00 GMT

Jordan powers up: Construction of shale-fuelled power plant to start in June

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February 18th, 2016 - 09:00 GMT

Time for a makeover for Dubai’s old office rentals

The Sukhoi Superjet 100 is a modern fly-by-wire twin-engine regional jet with 8-108 passenger seats. (Wikipedia)
February 18th, 2016 - 08:00 GMT

Egypt plans purchase of 10 Russian passenger Superjets

Al Bawaba
February 18th, 2016 - 07:00 GMT

Oil rallies following Tehran meeting, but Iran stays cool on freeze plans

Bab al-Tabbaneh, Tripoli. (Wikimedia Commons)
February 18th, 2016 - 06:00 GMT

Lebanon: Experts call for implementation of private sector partnerships law

The National Bank of Egypt has reduced the dollar limit availabilityfrom $3000 to $2000. (Taxcredits.net)
February 18th, 2016 - 05:00 GMT

Egypt's banks set dollar spending caps for customers abroad

A view inside Masdar City. (Ali Haider/EPA)
February 17th, 2016 - 01:16 GMT

From city of the future to ghost town: what's left of Masdar the green city in the UAE desert?

The agreement would have allowed stakes in Israel's biggest gas fields, Tamar and Leviathan. (Twitter)
February 17th, 2016 - 07:44 GMT

Has the natural gas deal between Jordan and Israel gone up in smoke?

New concourse D from Dubai airport. (Twitter)
February 17th, 2016 - 06:27 GMT

Dubai airport gets a makeover! New concourse opens on Wednesday

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