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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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Doctors in Egypt are planning a new wave of industrial action to try and get the government to triple its healthcare budget
October 31st, 2012 - 01:22 GMT

Egyptian doctors ramping up industrial action

Will Hurricane Sandy hurt the fragile global economy?
October 31st, 2012 - 09:59 GMT

Hurricane Sandy in US may cost economy $50 billion, will this hurt oil prices and MENA economies?

Sharjah’s Dana Gas will not repay its $920 million convertible Sukuk on time
October 31st, 2012 - 09:55 GMT

UAE: Sharjah's Dana Gas to delay convertible sukuk repayment

The Central Bank of Egypt has announced that foreign reserves have increased
October 31st, 2012 - 09:22 GMT

Central Bank of Egypt foreign reserves increase

Inflation on the rise in Kuwait
October 31st, 2012 - 08:30 GMT

Inflation creeping up in Kuwait

Lockheed Martin has won a lucrative contract with the Royal Jordanian Air Force
October 31st, 2012 - 08:20 GMT

US company wins Jordanian Air Force Contract

The UAE has approved a Dh44.6 billion ($12.1 billion) budget for 2013
October 31st, 2012 - 08:01 GMT

UAE approve 2013 budget plans

Gas prices in Lebanon are continuing to drop
October 31st, 2012 - 07:56 GMT

Lebaonon: Gasoline prices continue to drop

Lebanon's olive industry is booming
October 31st, 2012 - 05:00 GMT

Lebanon olive oil industry growing

Egypt has cancelled contract of the country's largest gold producer, citing "irregularities"
October 30th, 2012 - 12:18 GMT

Egypt's government cancels gold producers contract

The UAE has topped the list of globally influential countries
October 30th, 2012 - 11:51 GMT

UAE sitting pretty: Emirate tops list of nations set to make a big impact

Senior executives are to leave Apple
October 30th, 2012 - 10:53 GMT

A bad harvest at Apple

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