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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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 John Kerry has said he will work with Israel and Palestinian leaders in an effort to revive the West Bank's economy
April 9th, 2013 - 12:37 GMT

Kerry plans West Bank economic revival

Kuwait's oil output is in the range of 3 million bpd, the country's oil minister has stated.
April 9th, 2013 - 12:09 GMT

Kuwaiti oil output at 3million bpd - Minister

Despite regional instability, Lebanon's banking institutions remain safe, the  country's central bank chief claimed on Tuesday
April 9th, 2013 - 11:37 GMT

Lebanon's Central Bank chief says country's banks still resilient

Egypt is set to abolish fuel subsidies within three to five years
April 9th, 2013 - 11:11 GMT

Egypt to abolish all fuel subsidies in "three to five years" - Minister

USAID has launched a scheme to boos economic growth with the Libyan diaspora community
April 9th, 2013 - 10:29 GMT

USAID launches Libya diaspora 'marketplace' scheme

Egypt has cancelled planned tax changes, according to sources
April 9th, 2013 - 09:35 GMT

Egypt cancels planned tax changes

Lebanon's main stock exchange took a boost from the appointment of  Tammam Salam as the country's new PM
April 9th, 2013 - 09:08 GMT

Beirut Stock Exchange takes boost from new PM

A large number of Egypt’s train drivers and conductors ended their nationwide strike on Monday evening
April 9th, 2013 - 08:24 GMT

Egyptian train drivers resumer work following strike

Iraq and Jordan sign an agreement to build an oil pipeline between the two nations
April 9th, 2013 - 07:27 GMT

Iraq and Jordan sign oil pipeline deal

Syrian conflict has caused the country's economy  to suffer an almost 100 per cent decline in foreign trade in 2012 (DIMITAR DILKOFF / AFP)
April 8th, 2013 - 01:06 GMT

Syrian conflict caused 100 per cent decline in foreign trade

Chinese state media is to help Lebanon's publicly owned TV channel
April 8th, 2013 - 11:28 GMT

China to help Lebanese state channel 'Tele-Liban'

Strikes on the Egyptian railway have entered a second day, crippling the network
April 8th, 2013 - 11:05 GMT

Egyptian railway strike cripples network for second day

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