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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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Unemployment is on the rise in Lebanon
November 15th, 2012 - 06:00 GMT

Unemployment on the rise in Lebanon

Public transport and taxi fares are set to increase in Jordan
November 15th, 2012 - 01:00 GMT

Jordan: Public transport fares to rise

Egypt and the EU have agreed a billion dollar 'support package'
November 14th, 2012 - 01:28 GMT

Egypt: EU 'support package' agreed

Jordan's Prime Minister has announced a raft of austerity-inducing measures
November 14th, 2012 - 12:26 GMT

Jordan's PM ushers in an era of austerity

The Islamic Development Bank is to fund new projects in Iran
November 14th, 2012 - 12:15 GMT

Islamic Development Bank funds Iranian projects

Abu Dhabi has introduced rental price control to increase 'stability'.
November 14th, 2012 - 12:13 GMT

Rent control in Abu Dhabi

Saudi Arabia is well place for islamic banking, according to the head of Saudi Electricity Company
November 14th, 2012 - 11:55 GMT

Saudi Arabia to develop Islamic finance

Will the Central Bank of Egypt be able to boost economic growth?
November 14th, 2012 - 10:54 GMT

Egypt wants to boost growth to 4.5 per cent by 2014

The IEA has said that oil demand will drop of this quarter due to the European economy and Hurricane Sandy
November 14th, 2012 - 10:44 GMT

IEA cuts oil demand forecast

Passenger revenues have increased on Egyptian railways
November 14th, 2012 - 10:25 GMT

Egyptian railways steaming ahead

The UAE has issued an amnesty for undocumented migrants allowing them safe passage out of the country
November 14th, 2012 - 03:00 GMT

Times up for illegal residents and workers in the UAE

Jordan's Prime Minister had previously tried to calm fears over price rises
November 14th, 2012 - 01:00 GMT

Jordan: Subsidy reductions confirmed

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