Middle East

Arab Sheikh Donates Ferrari and Recieves Olive Oil

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While some arab countries donate precious gifts to western leaders,these leaders donate them a symbol of their country. Madrid tax office, had two Ferraries in a public sale in an advertisement.which were the gift from Khalifa bin Zayed Al Nahyan the president of the United Arab Emirates to Juan Carlos King of Spain in 2011.and the price is to be paid into the state treasury.
There has been many reasons for this action as one of them is high prices of these luxurious cars while spain’s annual budget is 9m $.
Other reason is that the kingdom of spain wants to pretend to take austerity plans at the time of finincial crisis.

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