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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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Egypt is to increase the cost of fuel, the Minister of Petroleum and Mineral resources has announced.
December 24th, 2012 - 10:43 GMT

Egypt to raise fuel prices

The Yemeni government has approved a budget of over YR 2 trillion
December 24th, 2012 - 10:03 GMT

Yemen approves 2013 budget

Egypt's budget deficit is on the rise
December 24th, 2012 - 08:40 GMT

Egypt's budget deficit on the rise

Hotel occupancy in Lebanon's hotel has more than halved in the first ten months of 2012
December 24th, 2012 - 08:11 GMT

No festive cheer for Lebanon's hotels

Iran is playing a "smart economic" warn, Iranian President Mahmoud Ahmadinejad has claimed
December 24th, 2012 - 07:51 GMT

Ahmadinejad: Iran playing "smart economic war"

Bahrain is gearing up to hold a GCC summit which discuss closer economic ties and the Syrian conflict
December 24th, 2012 - 07:43 GMT

Bahrain set to hold GCC summit

The head of Egypt's Central Bank has denied resigning
December 24th, 2012 - 03:00 GMT

Egypt: Central Bank boss denies resigning

Political instability in the MENA region will be one of the key determinants of oil prices in 2013, Barclays say
December 23rd, 2012 - 12:40 GMT

Iraq and Syria key to 2013 oil price

The UAE is urging its citizens to avoid travel to Lebanon
December 23rd, 2012 - 11:39 GMT

UAE warns against travel to Lebanon

Samsung and Apple are slogging it out in the courts over patent disputes
December 23rd, 2012 - 10:35 GMT

The Samsung Vs Apple debacle rumbles on

Germany is to offer Lebanon financial aid for Syrian refugees
December 23rd, 2012 - 09:45 GMT

Germany donates $14 million to Lebanon for Syrian refugees

Oil output in Iraq wil reach 3.2 million barrels a day in December
December 23rd, 2012 - 08:07 GMT

Record breaking month for Iraqi oil industry

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