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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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Plans to allow foreign ownership of businesses in the UAE has hit the rocks after a government plan was rejected
February 14th, 2013 - 08:40 GMT

UAE foreign ownership plan hits the rocks

Monthly revenue from Egypt's Suez Canal declined in January, with experts blaming political violence in port cities
February 14th, 2013 - 04:00 GMT

Suez Canal revenue drops due to political violence

Flydubai posted its first full year profits today is also looking at expanding its fleet
February 13th, 2013 - 12:55 GMT

Flydubai taking off: Airline posts profit and mulls expansion

Oman launched a new system to promote safety in the oil and gas industry yesterday
February 13th, 2013 - 12:36 GMT

New safety practices for oil industry in Oman

The Islamic Development Bank signed off on financing packages totalling $450 million
February 13th, 2013 - 12:01 GMT

IDB signs off funding packages

Bahrain's economy is forecast to grow by more than six per cent this year, according to experts.
February 13th, 2013 - 11:47 GMT

Bahrain's economy set to grow 6 per cent

Oil output in Iran dropped dramatically in 2012 due to sanctions, according to the IEA.
February 13th, 2013 - 11:02 GMT

Sanctions hit Iranian oil exports - IEA

Bahrain Air ceased all operations filed for voluntary liquidation in a surprise move last night. [File photo]
February 13th, 2013 - 09:37 GMT

Bahrain Air grounded

Libya's Brega terminal  has its first export of LPG yesterday, according to a statement from the National Oil Company
February 13th, 2013 - 09:08 GMT

Libya announces first LPG export since revolutions

Jordan's tourist board launched new live webcams of the Kingdom's "most treasured and visited locations"
February 13th, 2013 - 08:41 GMT

Say cheese! Jordan launches live camera feeds of tourist hotspots

The security and defense industry in the MENA region is entering a period of sustained growth, according to a new report
February 13th, 2013 - 08:27 GMT

MENA security market booming

International credit ratings agency Moody's downgraded Egypt's government bond ratings on Tuesday
February 13th, 2013 - 03:10 GMT

Moody's downgrade Egyptian bonds

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