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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 dam is scheduled to be completed in 2017. (Twitter)
February 7th, 2016 - 02:07 GMT

Grand Renaissance Dam talks resume, will address impact studies

Al Bawaba
February 7th, 2016 - 01:12 GMT

Onwards and upwards: Middle East airlines record highest surge in traffic in 2015

Non-OPEC suppliers such a the US and Brazil rely on break-even costs above current prices. (Shutterstock)
February 7th, 2016 - 12:42 GMT

Low oil prices will drive non-OPEC producers to decrease output: report

(Shutterstock/endermasali)
February 7th, 2016 - 11:50 GMT

Phone home: Saudi Arabia lifts ban on WhatsApp calls

The route will run between Shahid Rajaee and Sohar and will carry agricultural products and perishables between the two countries. (Ana.ir)
February 7th, 2016 - 10:00 GMT

South to North: New Iran-Oman shipping route part of ambitious trade plan

A hybrid taxi in Dubai. (Pinterest)
February 7th, 2016 - 09:11 GMT

Half of Dubai cabs to go hybrid by 2021

Genel has received a total of $16.3M from the KRG for oil exported through a pipeline through Turkey. (Twitter)
February 7th, 2016 - 08:24 GMT

KRG oil exports earn $682M a month

The website will also offer a ‘Click & Reserve’ In-Store Service for customers to collect online orders froom 25 stores in the region. (The Style Circle)
February 7th, 2016 - 05:43 GMT

Bricks and clicks: Marks and Spencer goes online in five Gulf countries

Al Bawaba
February 4th, 2016 - 02:00 GMT

A glimmer of hope as analysts predict oil price rise by end 2016

For the Sobha Group to make an entry into the same space represents a major tweak in strategy. (Shutterstock)
February 4th, 2016 - 01:00 GMT

Respite for the squeezed middle: Sobha Group to enter Dubai's affordable housing market segment

Al Bawaba
February 4th, 2016 - 12:00 GMT

Egypt plans $20M purchase of airport bomb detectors

About 24 percent of samples taken from the plants were found contaminated by E.coli bacteria. (Thermomed.com.tr)
February 4th, 2016 - 11:00 GMT

Saudi Arabia: 90 percent of water bottling plants violate hygiene rules

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