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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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Instagram has lost 23 per cent of its daily users over controversial new terms of service for the popular app
December 30th, 2012 - 12:48 GMT

From Instagram to Insta-loss: Photo-app loses almost a quarter of users

Secretary General of the Arab League, Nabil Elaraby, has urged economic support for Palestine during a vist the West Bank
December 30th, 2012 - 12:27 GMT

Arab League boss: Support Palestine financially before politically

The Central Bank of Egypt is imposing yet more currency controls in an effort to stave of a crisis
December 30th, 2012 - 11:53 GMT

Egypt announces further procedures to stave off currency crisis

Iran is holding a large military exercise in the key oil trading route of the Strait of Hormuz
December 30th, 2012 - 11:30 GMT

Iran stages naval drills in key Strait of Hormuz oil route

Egypt's Prime Minister, Hisham Kandil, has said his country is not facing bankruptcy
December 30th, 2012 - 11:13 GMT

Egypt not facing bankruptcy, Prime Minister states

The Internet encyclopedia, Wikipedia, has revealed the list of most searched articles in 2012.
December 30th, 2012 - 09:32 GMT

Wikipedia reveals most searched articles of 2012

Jordan is expected to have a budget expenditure of JD7.4 billion in 2013, insiders claim
December 30th, 2012 - 08:06 GMT

Jordan: 2013 budget to be JD7.4 billion

Egypt has received a $500 million from Qatar and is awaiting another $500 million from Turkey
December 30th, 2012 - 07:57 GMT

Egypt gets Qatari aid, waiting for Turkey to deliver

Saudi Arabia has announced a record breaking $221 billion  budget for 2013
December 30th, 2012 - 04:00 GMT

Saudi Arabia announces record 2013 budget

The Central Bank of Egypt has warned that foreign reserve levels are at "critical" levels
December 30th, 2012 - 03:00 GMT

Egypt: Foreign reserves at "critical" levels

Egypt is facing further turmoil as the country faces a shortage  of dollars
December 27th, 2012 - 12:31 GMT

New economic crisis as Egypt hit by dollar shortage

Protests against Iraq's Prime Minister  Nuri Al Maliki have closed trade route to Jordan and Syria
December 27th, 2012 - 12:13 GMT

Anti-Maliki protest close trade routes

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