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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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Youth unemployment in the region is the highest globally at 23.2 percent.
February 6th, 2013 - 01:08 GMT

Youth unemployment in Arab region is highest in the world: International Labour Organization

It wants to replace the system with targeted subsidies, which would see only the most deserving members of society qualify for cheaper goods.
February 6th, 2013 - 12:59 GMT

Bahrain set to slash government spending on subsidies

Gas prices in Lebanon are continuing to rise, new figures show
February 6th, 2013 - 11:30 GMT

Gas prices in Lebanon keep on rising

Workers at Egypt's Ain Sokhna port are taking industrial action demanding employment contracts with port managers
February 6th, 2013 - 10:08 GMT

Workers on strike at Egypt's Ain Sokhna port

Saudi Arabia’s King Abdullah bin Abdulaziz Al Saud, replaced the head of the Capital Market Authority (CMA) yesterday
February 6th, 2013 - 09:45 GMT

Saudi King replaces CMA boss

According to an industry executive, returns on Qatari railway investment could top $38 billion
February 6th, 2013 - 09:32 GMT

Returns could be big on Qatari railways

A German fund is to help Lebanese SMEs in an effort to boost the economy
February 6th, 2013 - 08:44 GMT

Lebanon’s SMEs to benefit from $20 million from German fund

Egypt's Central Bank revealed yesterday that net foreign reserves fell by $1.4 billion in January
February 6th, 2013 - 04:00 GMT

Egypt's foreign reserves drop dramatically

Air Arabia carried record numbers of passengers last year
February 5th, 2013 - 01:06 GMT

Air Arabia passenger numbers taking off

The Emirates national oil company, ENOC, is shunning Iranian oil in favour of Qatari crude
February 5th, 2013 - 12:15 GMT

Emirates oil company shuns Iran in favour of Qatar

Egypt is set to finalise an economic plan to secure a $4.8 billion IMF loan next week
February 5th, 2013 - 11:32 GMT

Egypt to finalise economic plan next week

Standard and Poors, which downgraded Egypt's economic outlook recently, is facing legal action in the US over the subprime financial crisis
February 5th, 2013 - 10:51 GMT

No friend of Egypt's economy: S&P versus US in mortgage ratings trial

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