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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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Bahrain's Health Ministry hopes that the higher pirces will provide a financial incentive to quite smoking and alcohol. (File photo)
February 11th, 2016 - 06:45 GMT

Black market fears as Bahrain doubles duty on cigarettes and alcohol

In December 2015, 72 contracts were awarded for projects for the Expo 2020 in Dubai. (Twitter)
February 11th, 2016 - 05:28 GMT

GCC must bridge funding gaps with public-private partnerships: S&P

The SCTNH is attracted to Morocco's long-term experience in working with rural populations while boosting tourism. (Trip Advisor)
February 10th, 2016 - 02:00 GMT

Saudi Arabia turns to Morocco for desert tourism inspiration

A fall in Russian visitors to the UAE has dented the airline's profits. (File photo)
February 10th, 2016 - 01:30 GMT

Flydubai's profits tank 60 percent on strong dollar

The exclusive multi-year output deal with Gulf Film will bring films such as Dirty Grandpa, starring Zak Efron and Robert DeNiro, to OSN screens. (Scoopnest)
February 10th, 2016 - 01:00 GMT

OSN signs multi-year deal with Gulf Film

The IPOs are expected to relate to the retail and food sectors. (File photo)
February 10th, 2016 - 12:00 GMT

Egypt's Beltone Financial plans IPOs worth $1.3B

PM Netanyahu and EU foreign policy chief Mogherini during their meeting in Jerusalem, May 20, 2015. (AFP/Dan Balilty)
February 10th, 2016 - 11:00 GMT

Settlement goods label row: will the EU grant Israel compensation?

In 2015 the airline issued a record shareholder payout, settled all loans, grew the operating profit, increased the net profit, and attracted more passengers. (Airways News)
February 10th, 2016 - 10:00 GMT

Out of the red: Kuwait's Jazeera Airways celebrates $51.2M net profit for 2015

Some developers also tend to hold back completions to avoid flooding the market. (Gulf Insider)
February 10th, 2016 - 09:15 GMT

Market slowdown hits UAE realty projects: construction of 18,200 units faces delays

Day One of IFIF examined the transformative impact of social media on banking. (Mapcarta)
February 10th, 2016 - 08:26 GMT

Khartoum hosts the International Forum on Islamic Finance

The new agreement adds Germany, Italy, Spain, Turkey and Britain to Mobily's list. (Yanbutoday)
February 10th, 2016 - 07:02 GMT

Saudi's Mobily inks roaming deal with Vodafone

The twinning project will make a significant contribution to the business environment. (File photo)
February 10th, 2016 - 06:19 GMT

Jordan launches $1.1M EU-funded twinning real estate mapping project

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