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Spirit airlines
May 2nd, 2026 - 12:50 GMT
Osama Ali

Osama Ali

Spirit airlines sinks during bankruptcy rescue amid Iran war fallout

ALBAWABA - Rising jet fuel prices have caused Spirit Airlines to give up on its recovery plan and start shutting down after failing to get a last-minute loan. The airline confirmed that all flights would be canceled and customer service would be shut down as part of an organized liquidation process. The move comes after failed efforts to get out of its second bankruptcy. Even though a large group of ...
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The banking sector hopes to contribute to the country’s prosperity.
May 16th, 2019 - 08:55 GMT

Cash Position 'Stable' in Lebanon Despite Its Economic Ordeal

The number of unemployed stood at 2.267 million out of a total workforce of 27.968 million
May 16th, 2019 - 08:25 GMT

Egypt's Unemployment Rate Falls to 8.1 Percent in Q1 2019

Healthy levels of growth in the construction sector have a direct impact on demand for the latest tools, hardware, materials and machinery across the region
May 16th, 2019 - 08:02 GMT

GCC Construction Sector to Secure Over $138.5 Billion Contracts This Year

Jordan should also take decisive action to reduce business costs and boost employment
May 16th, 2019 - 07:58 GMT

IMF: Donor Support Remains Essential for Jordan Despite Preserved Economic Stability

The total value of non-oil trade between the UAE and Saudi Arabia amounted to $29.4 billion in 2018
May 16th, 2019 - 07:50 GMT

UAE, Saudi Arabia Ink Deal to Facilitate Trade

Some 3.14 million international tourists visited Dubai in January and February this year compared to 3.05 million in the same period last year
May 16th, 2019 - 07:42 GMT

UAE: Preferred Destination for European Tourists

Chinese economic growth held steady in the latest quarter at 6.4 per cent over a year earlier.
May 16th, 2019 - 07:29 GMT

Chinese Economy Suffers Due to US-China Trade War

Trump would use the plan as a tool in the election if Democrats do not "engage" with the administration.
May 16th, 2019 - 07:24 GMT

What to Expect From Trump's New Immigration Proposal

Iran has denied any involvement in the attacks.
May 16th, 2019 - 06:43 GMT

Saudi Facility Attacks Affect Asian Oil Buyers, Shippers

Kuwait is opening up two 280,000-sq-m artificial islands
May 15th, 2019 - 11:31 GMT

Kuwait Opens up 2 Artificial Islands for Investment

73 per cent of the $100 billion poured into fintech investments over 2012-2017
May 15th, 2019 - 10:07 GMT

The Importance of Digitization in the Banking Sector

The loan is linked to a matrix of prior actions.
May 15th, 2019 - 09:40 GMT

Japan Starts Disbursement of $300 Million Loan to Jordan

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