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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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Top economic officials are to gather to discuss the trouble in the Lebanese economy.
October 30th, 2012 - 10:40 GMT

Lebanon: Industry Minister calls on boycotters not to harm economy

The future for travel between Abu Dhabi and Dubai?
October 30th, 2012 - 10:27 GMT

Abu Dhabi - Dubai rail link on the right tracks

Accusations fly over US cybeterrorism
October 30th, 2012 - 08:26 GMT

Iran accuses US of Cyber-terrorism

Egyptian stocks surging
October 30th, 2012 - 08:17 GMT

Egypt's stock surge after Eid break

The MENA region needs to invest in electricity, according to a new report.
October 30th, 2012 - 08:07 GMT

Investment needed in MENA electricity

The Jebel Ali Port expansion has reached the half way stage
October 30th, 2012 - 04:00 GMT

Dubai: Jebel Ali expansion plan reaches half-way mark

Hotel occupancy rates in the UAE are slipping
October 30th, 2012 - 04:00 GMT

Checking out of the UAE?

will Iran block the Straight of Hormuz in the event of military action?
October 29th, 2012 - 11:28 GMT

Will Iran close the crucial Straight of Hormuz?

Oil industry looking good in the UAE
October 29th, 2012 - 11:21 GMT

No slip up for UAE oil industry

Could Egypt's long-awaiting IMF deal finally about to happen?
October 29th, 2012 - 10:59 GMT

IMF and Egypt deal could start this year

Eid proved to be a welcome shot in the arm for Bahrain's hotel industry
October 29th, 2012 - 10:53 GMT

Eid helps ailing Bahrain's hotel industry

Egypt is set to trial a new ration card system for gas canisters
October 29th, 2012 - 10:46 GMT

Egypt: Gas canister trial to star

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