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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 stock market in Cairo responded well to new currency controls
January 3rd, 2013 - 04:00 GMT

Egypt's stocks respond well to currency controls

After discovering Israeli goods in a store in Lebanon, Spinneys has reaffirmed its commitment to trade embargoes
January 3rd, 2013 - 03:00 GMT

Spinneys reaffirms goods ban after Israeli products found in Lebanon

The UAE has deposited $250 million in Jordan's Central Bank
January 2nd, 2013 - 01:04 GMT

UAE deposits $250 million in Jordan's Central Bank

Mohamed ElBaradei has said that the Egyptian economy will not recover without political stability
January 2nd, 2013 - 11:51 GMT

"Show me a faltering economy and I will show you a fractured society”, ElBaradei says

Egypt's Central Bank (CBE) said it offered to sell $75 million to banks on Wednesday, as part of a new currency regime
January 2nd, 2013 - 11:38 GMT

Egypt auctions $75 million to ease currency crisis

UAE laws that make it illegal to write bad cheques could be reviewed, media reports suggest
January 2nd, 2013 - 11:33 GMT

Expats could avoid jail in the UAE over bounced cheques

Lebanon has banned the import of beef from the Brazilian state of Parana over fears of mad cow disease
January 2nd, 2013 - 10:54 GMT

Lebanon bans Brazilian beef over mad cow fears

Oman has raised planned state spending by 30 per cent previous plans
January 2nd, 2013 - 09:47 GMT

Oman hikes budget plans by 30 per cent

Gas prices continue to creep up in Lebanon
January 2nd, 2013 - 09:11 GMT

Lebanon: Gas prices continue to rise

The volume of overall investment is expected to top $45 billion over five years in Bahrain
January 2nd, 2013 - 09:04 GMT

Investments in Bahrain 'may top $45 billion'

Most Gulf stock markets were closed yesterday for the New Year, but Saudi Arabia and Oman were open and performed well
January 2nd, 2013 - 08:49 GMT

Saudi stocks edge upwards

The IMF has praised Egypt's new currency controls, which are aimed at devaluing the Egyptian Pound
January 2nd, 2013 - 03:00 GMT

IMF lauds Egypt's new currency plan

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