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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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The hostage crisis in Algeria could see Maghreb economies diversifying away from hydrocarbons
February 5th, 2013 - 09:32 GMT

Algerian gas installation attack could see economies diversifying

Egypt's decision to raise the ost of using the Suez Canal could see ships diverted away from the trade route
February 5th, 2013 - 07:31 GMT

Suez Canal price hike could cause a storm in port

The World Bank stressed yesterday its commitment to ensuring Yemen gets all pledged funds from a recent donor meeting
February 5th, 2013 - 06:29 GMT

World Bank pledges support for Yemen funding

Tunisia is nearing agreement with the International Monetary Fund for a $1.78 billion standby loan.
February 5th, 2013 - 06:09 GMT

Tunisia negotiating with IMF over $1.78 billion loan

The Kuwait Fund for Arab Economic Development has offered Lebanon a $85 million loan for electricity development
February 5th, 2013 - 05:58 GMT

Kuwait grants $85 million loan for electricity projects

Egypt’s Salafist Nour Party is pushing for an increasing in the national minimum wage
February 5th, 2013 - 04:00 GMT

Egypt’s Salafist Nour Party pushes for better minimum wage

Fuel subsidies in Egypt cost the government  $30 million daily, according to the Minister of Petroleum
February 4th, 2013 - 12:41 GMT

Oil subsidies in cost Egypt $30 million a day

Despite defaulting on an Islamic bond last year, Dana Gas, has posted a 20 per cent rise in profits
February 4th, 2013 - 12:06 GMT

Dana Gas posts profits despite default

Iran's former Central Bank boss is thought to have been arrested on suspicion of money laundering
February 4th, 2013 - 11:35 GMT

Iran's former central bank chief arrested on suspicion of money laundering

Despite ongoing political instability, the Egyptian economy grew by 2.6 per cent in the first quater of the 21012/13 fiscal year
February 4th, 2013 - 11:00 GMT

Egypt: Economy grows by 2.6 per cent

Etihad Airways posted a 200 per cent increase in profits for 2012
February 4th, 2013 - 10:20 GMT

Etihad Airways' profits take off

Lebanon's five listed banks posted losses only masked by the sale of Audi’s insurance arm, LIA Insurance SAL
February 4th, 2013 - 08:59 GMT

Lebanon's banks decline masked by insurance company sale

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