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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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Saudi Arabia and gulf states have said that they will increase oil supply should there be a decrease if, for example, Iran close the Straight of Hormuz
November 12th, 2012 - 10:39 GMT

Saudi and Gulf states ready for oil shortages

Bourse and fireworks : Everything is going up in Kuwait
November 12th, 2012 - 10:09 GMT

Kuwait: Bourse gains on anniversary

Yemen and the UK have held talks on the future of the Aden refinery
November 12th, 2012 - 08:07 GMT

Yemen and UK discus Aden refinery

Middle East Airlines boss has said that flat results would be a positive result owing to local and regional instability
November 12th, 2012 - 07:35 GMT

Middle East Airlines: No take off in profit would be positive

Iranian gas condensate exports have topped $1 billion
November 12th, 2012 - 07:01 GMT

Iran's gas 'condensates' top $1 billion

The government in Egypt  is set to reduce subsidies on gasoline in the coming days
November 12th, 2012 - 06:41 GMT

Pouring fuel on to the fire? Egypt set to cut gasoline subsidies within days

After the revolution, Egypt has attempted to recover money from corrupt officials
November 12th, 2012 - 03:00 GMT

Egypt: $1.8 billion recovered from Mubarak-era figures

Debtors in Abu Dhabi have been given a reprieve by the President
November 11th, 2012 - 12:29 GMT

Get out of jail free card: Debtors released in Abu Dhabi

Inflation is beginning to ease in Kuwait
November 11th, 2012 - 11:45 GMT

Inflation easing in Kuwait

Saudi Arabia's Grand Mufit calls it 'haram' for  citizens to talk to foreign media
November 11th, 2012 - 10:42 GMT

Talk is cheap: Saudi's Grand Mufti says 'no' to talking to foreign media

Saudi oil exports have been valued $245 million as domestic consumption also increases
November 11th, 2012 - 10:29 GMT

Saudi oil exports valued $245 million

Can Jordan's Ensour calm the nerves of citizens?
November 11th, 2012 - 08:37 GMT

Jordan's PM tries to calm fears of fuel price increase

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