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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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An industry body has said tourism's direct contribution to the Lebanese economy would decline by this year
April 11th, 2013 - 08:09 GMT

Tourism decline hitting Lebanese economy

Kuwait will finance development projects worth $1.3 billion in Bahrain
April 11th, 2013 - 07:47 GMT

Kuwait to bankroll Bahraini development

Gas prices in Lebanon are continuing their downward trent.
April 11th, 2013 - 04:06 GMT

Gas prices in Lebanon keep on falling

Qatar is to provide $3 billion  to cash-strapped Egypt
April 10th, 2013 - 11:46 GMT

Qatar to provide cash-strapped Egypt with $3 billion financial aid

Egypt and Qatar could be close to signing a crucial natural gas link-up
April 10th, 2013 - 11:26 GMT

Egypt close to signing Qatari gas deal

Abu Dhabi's inflation remained at a steady 1.1 per cent in the first quater of 2013
April 10th, 2013 - 11:09 GMT

Abu Dhabi's inflation edges up

Jordan's authorities expect the demand for food commodities during Ramadan this year
April 10th, 2013 - 10:10 GMT

Jordan expects big increase in Ramadan food demand

The UAE's so-called Skype 'ban' still stands according to the telecoms authority
April 10th, 2013 - 09:47 GMT

UAE's Skype 'ban' still stands - telecoms authority

Consumer confidence in Lebanon dropped to new record low levels in the second half of 2012
April 10th, 2013 - 08:44 GMT

Consumer confidence falls off a cliff in Lebanon

Parts of Egypt's new sukuk law a incompatible with Shari'a law, a leading scholar has said
April 10th, 2013 - 08:22 GMT

Egypt's new sukuk law "incompatible with Islamic Shari’a law"

Electricite du Liban workers  are planning industrial action
April 10th, 2013 - 08:00 GMT

Electricite du Liban workers plan industrial action

Jordan’s olive oil production saw an 11 per cent increase in 2012
April 10th, 2013 - 02:22 GMT

Jordan's olive industry grows by 11 per cent

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