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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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The US is urging Egypt to act quickly over the $4.8 billion IMF deal
December 19th, 2012 - 03:00 GMT

US urges Egypt to act "quickly" over IMF deal

Instagram's new terms and conditions has upset many users
December 19th, 2012 - 03:00 GMT

From Instagram to Insta-exodus: Users furious over new terms

Bahrain is set to start on a GCC funded development project
December 18th, 2012 - 12:27 GMT

GCC funded Bahraini projects set to start

Al Bawaba
December 18th, 2012 - 10:22 GMT

Saudi mining company signs new finance facility worth $2.4 billion

International sanction on Iran are hitting the oil Islamic Republic's oil industry
December 18th, 2012 - 09:38 GMT

Iran losing half of oil revenue due to sanctions

The head of the Central Bank of Egypt is expected to leave his post by the end of this year
December 18th, 2012 - 09:28 GMT

A tough year at the office: Head of Egypt's central bank to resign by year end

The Palestinian budget deficit has increased
December 18th, 2012 - 09:11 GMT

Palestine's budget deficit increasing

Share prices for Apple have dipped below the $500 mark for the first time
December 18th, 2012 - 07:45 GMT

Not such a sweet Apple? Shares drop below $500

Iran has been hit by another cyber attack similar to one that severely damaged the country's oil industry last year
December 18th, 2012 - 07:36 GMT

Iran targeted by cyber attack

The European Investment Bank (EIB) has agreed to loans for development in Morocco
December 18th, 2012 - 07:23 GMT

Europe to help fund Moroccan development

Investment in UAE industry is up and the government is targetting five per cent growth next year
December 18th, 2012 - 07:00 GMT

Investments up in the UAE

Egyptian stocks remain volatile over political instability
December 18th, 2012 - 03:00 GMT

Egyptian stocks volatile on political instability

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