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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 Central Bank of Egypt is trying to stop a currency flight from the country
January 1st, 2013 - 08:00 GMT

Egypt: New currency controls to curb dollar speculation, bankers claim

Jordan and Kuwait have signed key  GCC-backed contracts work $259.5 million
January 1st, 2013 - 03:00 GMT

Jordan and Kuwait sign project contracts worth $259.5 million

China’s crude oil imports from Iran fell 31 per cent in November , with traders citing delivery delays by Iranian tankers because of tough Western sanctions.
December 31st, 2012 - 12:28 GMT

Iranian oil exports to China drop due to sanctions

Citing Western sanctions against Iran, South Korean oil imports from Iran have dropped dramatically
December 31st, 2012 - 12:20 GMT

South Korean oil imports from Iran drop

Egyptian President Mohammed Mursi said Monday that the country’s currency situation will “balance out within days,”  in an effort to calm fears
December 31st, 2012 - 11:52 GMT

Morsi: Currency situation will “balance out within days”

Iran has held a simulated cyber attack as part of military drills in the key oil trading route, the Strait of Hormuz
December 31st, 2012 - 10:43 GMT

Iran stage cyber warfare drills

Media reports suggest that a further $300 million in Mubarak's assets have been frozen in Switzerland
December 31st, 2012 - 10:35 GMT

Swiss freeze $300 million of Mubarak assets, according to reports

Bahrain has signed six financing agreements totalling $448 million with the Saudi Development Fund
December 31st, 2012 - 10:16 GMT

Bahrain signs Saudi-backed GCC development projects

Iraq is to refuse payment to the semi-autonomous Kurdistan region in a long running dispute over oil rights
December 31st, 2012 - 08:56 GMT

Iraq-Kurdistan feud rumbles on as Baghdad withholds payment

Poverty in Jordan is creeping up
December 31st, 2012 - 08:41 GMT

Jordan's poverty rate creeps up

The construction sector’s contribution to the UAE’s GDP is expected to reach 11.1 per cent by 2015
December 31st, 2012 - 08:00 GMT

Construction helps build UAE's GDP

The Egyptian pound plummeted to an eight year low against the US dollar yesterday
December 31st, 2012 - 04:00 GMT

Egyptian pound slides against US dollar

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