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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 dip in price is an opportunity for the customers to buy gold and jewelry on lower rates. (Shutterstock)
April 4th, 2019 - 07:01 GMT

It Might Not Be the Right Time to Trade in Gold

To mitigate this challenge, the UAE government is giving incentives to encourage Emiratis to have more interest in the profession. (File/Photo)
April 3rd, 2019 - 10:00 GMT

Why UAE Nationals Reluctant to Work in Health Sector

Lebanon will start drilling for gas in maritime Block 4 before the end of the year and intends to launch a second licensing round in January 2020. (Shutterstock)
April 3rd, 2019 - 09:18 GMT

Lebanon to Start Gas Drilling Before End of Year

Trump administration official says government is considering targeting areas of Iran's economy that have not been hit before. (Shutterstock)
April 3rd, 2019 - 09:13 GMT

US Mulls Targeting New Areas of Iran's Economy Through Additional Sanctions

Saudi Arabia’s Q4 2018 GDP figures indicated that the economy expanded 3.6 per cent y-o-y (+2.5 per cent y-o-y in Q3), driven by the expansion in the oil sector. (Shutterstock)
April 3rd, 2019 - 08:20 GMT

Saudi Economy Expands at Fastest Pace in 3 Years Due to Oil Sector's Recovery

The WB partly and indirectly attributed the revival of growth to policies that reduced the GCC’s reliance on oil revenues in addition to UAE’s investments in infrastructure in preparation to host Expo 2020. (Asharq Alawsat)
April 3rd, 2019 - 08:15 GMT

World Bank Projections on Countries' Region's Economy

The Turkish currency lost nearly 30 percent against the dollar last year in a sell-off sparked by concerns over the independence of the central bank and exacerbated by worsening ties with Washington. (Shutterstock)
April 3rd, 2019 - 07:50 GMT

Turkish Lira Drops Amid US Halting of Fighter Parts Delivery

Experts call on state to control prices so that citizens can feel impact of new decisions. (Shutterstock)
April 3rd, 2019 - 07:37 GMT

Egyptians Are Skeptical About Wage Raises

his accounts for 25.5 percent of Japan's total crude imports. (Shutterstock)
April 3rd, 2019 - 07:25 GMT

UAE Exports 22 Million Crude Oil Barrels to Japan in February

The forecast indicates a slight drop from previous projections by the World Bank, as a previous report earlier this year expected the Kingdom’s growth for 2019 to reach 2.3 per cent, 2.4 per cent in 2020 and 2.7 in 2021. (Shutterstock)
April 3rd, 2019 - 07:19 GMT

World Bank: Jordan Economy to Grow by 2.2 Percent in 2019

Bitcoin surged to near $20,000 in late 2017, the peak of a bubble driven by retail investors that pushed cryptocurrencies onto the agenda of mainstream financial firms. (Shutterstock)
April 3rd, 2019 - 07:11 GMT

Bitcoin Surpasses $5000 for the First Time in Five Months

A Saudi developer’s plan to harness the sun 24/7 is sparking a renewable energy revolution in the region. (Shutterstock)
April 3rd, 2019 - 06:31 GMT

Saudi Arabia Adopts New Technologies for Harnessing Solar Power

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