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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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Kuwait's oil exports to South Korea are booming
December 26th, 2012 - 11:46 GMT

Kuwait's oil exports to South Korea booming

Iran claims to have rebuffed a new cyber attack
December 26th, 2012 - 11:29 GMT

Iran claims to have stopped new cyber attack

The UAE currently has a visa amnesty for illegal or undocumented workers
December 26th, 2012 - 10:09 GMT

UAE: Warning over visa amnesty

Gas prices in Lebanon are continuing an upwards trend
December 26th, 2012 - 09:59 GMT

Lebanon: Gas prices rise

Egypt's President is increasing controls on foreign currency
December 26th, 2012 - 09:46 GMT

Egypt: Morsi tightens foreign currency controls

Jordan has one million illegal guest workers
December 26th, 2012 - 09:20 GMT

Jordan: One million guest workers and counting

Christmas 2012 has gone all digital
December 25th, 2012 - 06:00 GMT

Digital Christmas: Santa gets kids iPods and iPads

New taxes in Egypt were not at the behest of the IMF, the finance minister claims
December 25th, 2012 - 04:00 GMT

New Egyptian tax policies not at IMF behest, finance minister claims

Ratings agency Standard and Poors’ has downgraded Egypt’s long-term credit rating.
December 24th, 2012 - 12:27 GMT

Egypt: Credit rating downgraded as political turmoil hits economy

The European Union is to help pay for public sector wages in Palestine after Israel withheld tax recipts
December 24th, 2012 - 11:58 GMT

Palestine: EU to help pay November salaries

Iran claims it has managed to bypass Western sanctions on its oil industry
December 24th, 2012 - 11:27 GMT

Iran claims to have bypassed sanctions

After a series of strikes across Lebanon, the Cabinet is set to reconsider a proposed salary scheme
December 24th, 2012 - 11:06 GMT

Lebanon: Cabinet to discuss public sector pay rises

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