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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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B2B social media interaction set to soar
March 6th, 2013 - 10:10 GMT

GCC doing business on social media

The emir of Qatar has bought six uninhabited Greek islands.
March 6th, 2013 - 08:40 GMT

Qatar ruler takes title to 6 Greek islands

The IMF has said it thinks Jordan's economy will be back on track by 2015
March 6th, 2013 - 07:38 GMT

Jordan's economy to be back on track by 2015 - IMF

The number of public sector workers in Egypt dropped in the last fiscal year, with 1 million employed in security alone.
March 6th, 2013 - 03:03 GMT

Public sector shrinking in Egypt

Iraq will receive Russian arms by the summer, the Iraqi foreign minister said on Monday (Image for illustrative purposes)
March 5th, 2013 - 01:14 GMT

Russian arms due in Iraq by this summer

Sunset over the river Nile in Cairo
March 5th, 2013 - 12:58 GMT

Egypt turns to Iran in bid to boost tourism

Pipelines to transport crude oil from Iraq to Egypt  will be constructed
March 5th, 2013 - 12:31 GMT

Egypt strikes oil deal with Iraq

A man inspects a natural gas pipe in Bahrain
March 5th, 2013 - 10:45 GMT

Experts predict a bumper 2013 for the oil industry

Orascom Construction Industries denies it evaded Egyptian government tax (Image used for illustrative purposes)
March 5th, 2013 - 10:12 GMT

Denials over tax evasion case in Egypt

China has overtaken the US as the world's largest net importer of oil, according to a new report
March 5th, 2013 - 08:53 GMT

China overtakes US as 'world's largest oil importer'

Libya has resumed has exports to Italy following clashes near a gas instillation
March 5th, 2013 - 08:24 GMT

Libya resumes gas exports following clashes

Retail sales in Lebanon have taken a hit, in part due to the Syrian crisis and political instability
March 5th, 2013 - 07:22 GMT

Retail sales in Lebanon falling

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