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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 UAE and Saudi Arabia show the most promise in terms of skills in technology. (Shutterstock)
March 19th, 2019 - 10:16 GMT

Global Skills Index Portrays UAE, KSA as Regional ‘Tech Powerhouses’

Official figures released by Dubai Police showed a steady increase in cybercrime. (Shutterstock)
March 19th, 2019 - 10:05 GMT

Over 700 Bank Accounts Hacked in Dubai

The Indian rupee has strengthened against the dollar in the past two weeks, while the Pakistani rupee has remained stable for the past one month. (Khaleej Times)
March 19th, 2019 - 09:38 GMT

Emerging Market Currencies Rebound Against US Dollar

Annual global economic growth is forecast to decelerate to 3.5 per cent in 2019 and 2020. (Shutterstock)
March 19th, 2019 - 09:06 GMT

Research: Global Economy Growth to Decelerate to 3.5 Percent in 2019

Turkey's external assets totaled $240.1 billion as of January this year. (Shutterstock)
March 19th, 2019 - 08:54 GMT

Turkey’s External Assets Exceed $240 Billion

Netflix to Compete With Upcoming Apple Service. (Shutterstock)
March 19th, 2019 - 08:36 GMT

Netflix to Compete With Upcoming Apple Service

The number of employees in the domestic trade sector reached 1.69 million by the end of 2018. (Shutterstock)
March 19th, 2019 - 08:14 GMT

Despite Saudization Efforts, Expats Represent 74 Percent in Domestic Trade Sector

30% of 41,000 units under construction in Dubai are up to 99 per cent complete.  (Shutterstock)
March 19th, 2019 - 07:41 GMT

Power in the Hands of Tenants and Buyers Due to Supply Surplus in Dubai

Egypt is projected to soar from 21st to 7th place by 2030. (Shutterstock)
March 19th, 2019 - 05:00 GMT

Video: World’s Largest 10 Economies in 2030

Two smart alarm systems for cars have plugged critical security holes that put three million vehicles globally at risk of being hijacked. (Shutterstock)
March 18th, 2019 - 07:00 GMT

Research: 3 Million Cars at Risk of Being Hijacked

Clearly, the idea that employees will always resist cutting wages (or workers’ hours) no longer applies. (Shutterstock)
March 18th, 2019 - 06:30 GMT

In Today's Economy, Is There Still a Trade-Off Between Unemployment and Inflation?

There will be 450,000 jobs available for young Saudi men. (Shutterstock)
March 18th, 2019 - 05:30 GMT

Will Saudi Arabia's Efforts Cure the Kingdom from the Unemployment Plague?

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