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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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Libya and Tunisia have agreed to set up a joint shipping lane between the two nations
January 29th, 2013 - 11:32 GMT

Libya and Tunisia to start shipping joint shipping lane

Enforcing copyright laws will boost Lebanon's economy, according to a government minister
January 29th, 2013 - 11:14 GMT

Lebanon's economy minister urges copyright enforcement

Oman's Sultan, Qaboos Bin Saeed, has urged citizens to end the practice of 'proxy trade'
January 29th, 2013 - 08:49 GMT

Proxy trade harms Oman’s economy - Sultan

Iraq's semi-autonomous region is considering boosting economic ties  with Lebanon’s second-biggest city Tripoli.
January 29th, 2013 - 08:18 GMT

Iraqi Kurdistan considers boosting ties with Tripoli, Lebanon

Migrant construction workers in  Saudi Arabia have taken industrial action over unpaid wages, according to a well placed source
January 29th, 2013 - 07:42 GMT

Migrant workers take industrial action in Saudi Arabia

Jordan's main energy supply from Egypt has been disrupted again, causing a dramatic reduction in gas supplies
January 29th, 2013 - 06:57 GMT

Egypt's gas supply to Jordan drops

Clashes in several governorates caused the Egyptian stock market to tumble yesterday
January 29th, 2013 - 03:00 GMT

Clashes in Egypt continue to hurt stock market

Iran is to halt oil and gas export to Europe, a spokesman for the Iranian Oil Ministry said.
January 28th, 2013 - 01:34 GMT

Iran halts oil and gas exports to Europe

Lebanon's Byblos Bank posted a 5.9 per cent drop in profits
January 28th, 2013 - 01:07 GMT

Lebanon's Byblos Bank posts 5.9 per cent drop

Libya has announced its gasoline suppliers for 2013 as the country lacks sufficient refining capacities
January 28th, 2013 - 12:46 GMT

Libya choses gasoline supplies

Kuwait and Iraq have signed an oil exploration deal for the 'Block 9' area of Basra
January 28th, 2013 - 12:17 GMT

Kuwait and Iraq ink Basra oil deal

Egypt's deputy finance minister has said that new income tax brackets will not be over 25 per cent
January 28th, 2013 - 11:48 GMT

Egypt's new income tax will not be above 25 per cent - deputy minister

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