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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 Haramain high-speed rail link is among the Saudi infrastructure projects catching the attention of international investors. (AN)
May 21st, 2018 - 07:44 GMT

Could Saudi Arabia Become the China of the Middle East?

Because Bitcoin is decentralized, there’s no way to know exactly how much power it uses. (Shutterstock)
May 21st, 2018 - 07:38 GMT

Bitcoin’s Massive Power Usage Explained in New Analysis

Investors can have 100 per cent ownership of their companies in the country. (Twitter)
May 21st, 2018 - 07:34 GMT

UAE Allows 100 Percent foreign Ownership of Businesses

Everyone agrees that Hezbollah can always find ways to bypass the “American fist” around it. (AFP/File)
May 20th, 2018 - 08:26 GMT

The Repercussions of the New Sanctions Against Hizbollah on the Lebanese Business Sector

SABB, which is 40 percent owned by HSBC Holdings, and Alawwal said in April last year they had agreed to start talks on the merger. (Courtesy of SABB)
May 20th, 2018 - 08:15 GMT

Third Largest Bank in Saudi Arabia to Be Created With Alawwal and SABB Merger

Dubai has been ranked the 28th expensive place for construction and rated "lukewarm" for tendering conditions. (Shutterstock)
May 20th, 2018 - 08:08 GMT

UAE Offers One of the Lowest Construction Costs in the World

The conditions state that in order to refund VAT, applicants must be UAE national. (Shutterstock)
May 20th, 2018 - 07:08 GMT

4 Steps to Refund VAT for UAE Nationals

Cryptocurrencies, such as Bitcoin, Ethereum, Ripple, Lite and Dash, are taking the world by storm. (Shutterstock)
May 17th, 2018 - 12:00 GMT

Are Cryptocurrencies Really the Future of Money?

An agreement to build the giant 200-gigawatt project was signed by Crown Prince Muhammad Bin Salman and SoftBank Group Corporation in New York in March. (Pixabay)
May 17th, 2018 - 11:00 GMT

Solar Power: The New Saudi Oil

He faced charges of embezzlement of public funds and gaining unauthorised access into an e-system, at the Court of First Instance. (Pixabay)
May 17th, 2018 - 07:48 GMT

Ministry's Employee Embezzles Over Dh400,000 From Workplace

The drop in total crypto market cap further below $400 billion signalled the lack of the demand for cryptos amid widespread selling. (Pixabay)
May 17th, 2018 - 07:30 GMT

Bitcoin Falls as 'Consensus Pump' Fails to Materialise

The regulations apply to all electronic media activities carried out within the UAE, including those in free zones. (Pexels)
May 16th, 2018 - 12:00 GMT

Social Media Influencers in UAE Urged to Register by Month-End

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