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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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Property prices in Cairo’s two large satellite cities are booming amid wider economic turmoil and Egypt's ongoing battle with high inflation.
March 27th, 2013 - 11:49 GMT

Cairo's satellite cities house price boom amid economic uncertainty

The Lebanese Central Bank has taken the necessary measures to maintain the stability of local lenders, according to Governor Riad Salameh.
March 27th, 2013 - 10:07 GMT

Lebanon's Central Bank maintaining stability - Governor

A reintroduction of a tax on hotels in Jordan will harm the industry, the country's trade association warned on Tuesday
March 27th, 2013 - 09:39 GMT

Jordan's hotel tax will harm industry - trade association

Qatar has called for a  $1 billion fund to help Palestinians in East Jerusalem
March 27th, 2013 - 09:07 GMT

Qatar calls for $1b East Jerusalem support fund

The IMF's Middle East and North Africa director has said subsidies are not the best way to help the poor
March 27th, 2013 - 08:34 GMT

Subsidies not a sustainable way of helping the poor - IMF

Israel is set to transfer taxes to Palestine following a decision to halt payments last year (Photo for illustrative purposes)
March 27th, 2013 - 07:18 GMT

Palestine to receive frozen taxes from Israel

A truck ferry route between Jordan and Lebanon launched this week after the trade route between Syria and Lebanon was closed
March 27th, 2013 - 06:34 GMT

Lebanon - Jordan ferry route launched as Syrian land route blocked

The emir of Qatar called on more economic support for 'Arab Spring' economies at the opening of the Arab league summit
March 27th, 2013 - 03:05 GMT

Emir of Qatar urges more support for 'Arab Spring' economies

Dubai Courts
March 26th, 2013 - 12:30 GMT

Dh30m ($8m) fraud lands former Deyaar CEO behind bars

Man uses camera (Gulf News Photo)
March 26th, 2013 - 10:39 GMT

Gulf gearing up for latest gadgets at Gitex 2013

National Bank of Egypt in Cairo
March 26th, 2013 - 09:16 GMT

Libya denies $2 billion Egypt deposit

A hotel in Tunisia
March 26th, 2013 - 08:44 GMT

Tourists flock to Tunisia after 2011 uprisings

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