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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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Egypt will begin to reduce fuel subsidies in April, the country's minister of petroleum and mineral resources said on Monday.
February 19th, 2013 - 11:53 GMT

Egypt to ration fuel subsidies in April - Petroleum minister

Citrus exports from Lebanon are surging
February 19th, 2013 - 11:53 GMT

Citrus exports remain sweet for Lebanon

Bahrain is to receive $3.5 billion form the UAE for development projects
February 19th, 2013 - 10:14 GMT

UAE grants Bahrain $2.5 billion for development

Turkey's foreign Minister urged businesses to invest in the MENA region
February 19th, 2013 - 09:58 GMT

Turkey calls for investment in MENA region

India is to increase its investment in Egypt, the Indian Ambassador said yesterday
February 19th, 2013 - 09:31 GMT

Egypt remains attractive to Indian investment

Oil companies in Lebanon deny fuel has been re-exported to Syria [file photo]
February 19th, 2013 - 08:03 GMT

Oil companies deny re-exporting fuel to Syria

Egyptian President Mohamed Morsi announced yesterday he is to reinstate the Port Said free zone
February 19th, 2013 - 07:46 GMT

Egypt: Morsi to reinstate Port Said free zone

The European Bank for Reconstruction and Development launched its operations in Jordan with a new office in the capital Amman.
February 19th, 2013 - 07:34 GMT

EBRD launches operations in Jordan

The Economist Intelligence Unit predicts the Lebanese economy will grow at 1.8 per cent in 2013
February 19th, 2013 - 07:17 GMT

Lebanon's economy to grow at 1.8 per cent - Economist Intelligence Unit

The European Union has agreed to continue sanctions on Syria as the arms embargo looks set to be partially lifted
February 19th, 2013 - 03:00 GMT

EU renews sanctions on Syria

The Egypt Independent, a weekly newspaper, has announced its closure, in a blow to media plurality
February 18th, 2013 - 12:11 GMT

Fresh blow to media plurality as Egypt Independent announces closure

Etihad should revise its deal with  India's Jet Airways, the UAE's airline boss said yesterday
February 18th, 2013 - 11:33 GMT

Etihad should revise Jet Airways deal

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