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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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An oil refinery draws out the skyline. (Twitter)
February 17th, 2016 - 05:36 GMT

Scraping the barrel? Kuwait Petrol seeks loan for $10 billion

The Crowne Plaza in Duqm, Oman. (Twitter)
February 16th, 2016 - 02:00 GMT

Oman’s Duqm tourist complex moves forward with government approval

Local currency debt made up the majority of increased $3B in debt. (File photo)
February 16th, 2016 - 12:00 GMT

Lebanon’s debt hits a staggering $70.3B

The pier at the Al-Ahmadi refinery in Kuwait. Kuwait's economy is shifting drastically as oil prices continue to drop. (AFP/Yasser Al-Zayyat)
February 16th, 2016 - 10:30 GMT

Kuwait fights budget deficit: Reexamining government salaries, expatriate labor

Tunisia is facing its unemployment and economic problems directly. (File)
February 16th, 2016 - 10:30 GMT

Tunisian Confederation of Industry, Trade, and Handicrafts fights nationwide unemployment levels

Jordan is classified as an energy-intensive country as its energy consumption is high even when compared to industrial countries. (File photo)
February 16th, 2016 - 10:00 GMT

Renewable energy projects welcomed in Jordan

Construction costs continue to drop in Dubai, making expansion cheaper and more accessible. (File)
February 16th, 2016 - 09:30 GMT

Construction costs fall in Dubai

Tehran, the capital of Iran, is becoming a major international tourist hotspot. (File)
February 16th, 2016 - 09:00 GMT

Western tourists flock to Iran, could generate $30B in new revenue

The drop from $120 per barrel in 2014 to under $35 today is the result of a 2% change in the supply-demand balance. (File photo)
February 16th, 2016 - 08:30 GMT

Oil prices on the brink, could drop below sustainable levels

Participants in the Middle East Fraud Conference. (Twitter)
February 16th, 2016 - 07:00 GMT

Middle East Fraud Conference tackles recession fears

An aerial shot of Dubai. (YouTube)
February 16th, 2016 - 05:00 GMT

Businessmen tortured in UAE

A rendering shows proposed plans for Oman's rail system. (Oman Daily Observer)
February 15th, 2016 - 01:00 GMT

Oman to focus on local, not regional railway

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