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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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Imran Khan. (Shutterstock)
March 26th, 2019 - 12:32 GMT

Imran Khan: Asia’s Largest Oil, Gas Reserves May Soon Be Found Near Karachi

The UAE and Lebanon had the highest number of billionaires, with 7 entries each, followed by Egypt with 6 billionaires. (Shutterstock)
March 26th, 2019 - 10:40 GMT

Video: The 10 Richest Arabs of 2018

The affirmation of the Aa2 rating incorporates Moody's view that the government of Abu Dhabi, the wealthiest of the seven Emirates that comprise the UAE, stands fully behind the federal government of the UAE. (Shutterstock)
March 26th, 2019 - 09:49 GMT

Moody's Affirms UAE's Rating; Outlook Remains Stable

Export of Iranian gas to Iraq, Armenia and Republic of Azerbaijan is underway within the framework of the provisions as stipulated in the contract. (Shutterstock)
March 26th, 2019 - 09:31 GMT

Turkey to Boost Gas Import From Iran

A two-year investigation by the European Commission found between 2004 and 2017 it had banned firms from selling them across borders to other EU countries. (Shutterstock)
March 26th, 2019 - 09:21 GMT

EU Fines Nike £11 Million

Asian stocks tumbled on Monday after Wall Street closed sharply lower last week. (Shutterstock)
March 26th, 2019 - 09:07 GMT

Asian Shares Recover After an 'Overreacted' Tumble

The initiative is part of Tanfeedh’s programme which aims to diversify the economy and enhance the attractiveness of the private sector to Omani citizens. (Shutterstock)
March 26th, 2019 - 08:47 GMT

Oman grants companies Expat visas in 24 hrs if omanization targets met

Apple CEO Tim Cook speaks during an event launching Apple TV+ at Apple headquarters on March 25, 2019, in Cupertino, California. (AFP)
March 26th, 2019 - 07:51 GMT

Apple Launches New Streaming Service, Credit Card

The top 10 countries account for 85 per cent of the exported national origin value and 15 per cent for other countries. (Shutterstock)
March 26th, 2019 - 07:11 GMT

Bahrain-Origin Exports Soars to $465 Million

U.S. Crude Oil WTI Futures fell 0.8% to $58.56 by 1:00 AM ET (05:00 GMT). International Brent Oil Futures was down 0.7% to $66.31. (Shutterstock)
March 25th, 2019 - 12:22 GMT

Oil Prices Slip Amid Concerns on Global Economic Slowdown

US regulators are preparing to receive and review the fixes in the coming weeks following deadly crashes in Indonesia and Ethiopia. (AFP)
March 25th, 2019 - 11:56 GMT

Boeing to Return 737 Max to Commercial Service

A balanced capitalist economy requires a magic number. (Shutterstock)
March 25th, 2019 - 11:39 GMT

Balanced Capitalist Economy, Illusion or Achievable Dream?

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