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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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Egypt and Turkey have signed agreements to boost tourism between the two nations
February 12th, 2013 - 01:29 GMT

Egypt and Turkey sign plan to boost tourism

Hamas is set to launch its own news service in the Gaza Strip
February 12th, 2013 - 11:38 GMT

Hamas News Network? Islamist group launches own agency

Lebanon's Finance Minister denied there are plan to hike VAT, a day after the PM reiterated that there were no plans to increase the tax.
February 12th, 2013 - 11:12 GMT

Lebanon's Finance Minister denies VAT hike

Saudi's national airline and Lockheed Martin have signed agreements on potential new business
February 12th, 2013 - 11:06 GMT

Saudi Arabian Airlines and Lockheed sign agreements

Blackberry's new handset is selling fast in the UAE
February 12th, 2013 - 10:51 GMT

New Blackberry selling fast in the UAE

Egyptian stocks remain wary  of the second anniversary of the fall of Hosni Mubarak
February 12th, 2013 - 09:14 GMT

Egyptian bourse stumbles on anniversary fears

Saudia Arabia's King has appointed a new boss of the Kingdoms's Higher Economic Council
February 12th, 2013 - 08:57 GMT

House of Saud appoints new boss of Economic Council

Is Black Beauty in your dinner? Lebanon pulls potential horse meat dishes off the shelves
February 12th, 2013 - 08:36 GMT

Lebanon says neigh! Importers pull 'beef' dishes off the shelves over European horse meat scandal

Following the Arab Spring, countries are increasing their investment in the UAE, according to the Emirate's PM
February 12th, 2013 - 08:03 GMT

Arab Spring nations increase FDI in the UAE

Egypt's economic reform measures must be in line with "political imperatives" to resume talks, according to the IMF
February 12th, 2013 - 03:00 GMT

Egypt's economic plan must be in line with "political imperatives" - IMF

Investment Corporation of Dubai (ICD) is in talks over potential refinancing agreements, according to Reuters
February 11th, 2013 - 12:30 GMT

Refinancing talks on Dubai sovereign wealth fund

Egypt is about to face the spectra of a major locust infestation, according to the Ministry of Agriculture
February 11th, 2013 - 12:05 GMT

Egypt facing locust infestation

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