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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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Careem’s recent acquisition of RoundMenu, a food delivery service, is evidence that it is pushing in to new sectors. (File photo)
April 2nd, 2018 - 06:50 GMT

Keys to Diversification and Profitability in the Gulf Region: Interview With Careem

Under the Solar Power Project Plan 2030, the Kingdom expects to produce 200 gigawatts of the solar power by 2030. (Shutterstock)
April 2nd, 2018 - 06:21 GMT

Saudi Arabia Unveils Plans to Build Major Solar Power Exporter

If approved, the bill will impose a BD400 annual fee for non-Bahraini students. (Courtesy of DT News)
April 1st, 2018 - 12:07 GMT

Bahrain: New Bill to Impose School Fees on Non-Bahraini Students

The economic situation, presence of Syrian refugees and the reluctance of Lebanese citizens to take low-paid jobs has caused unemployment to reach alarming levels. (AFP)
April 1st, 2018 - 11:34 GMT

Lebanon: Unemployment at Alarming Levels Due to Syrian Refugees, Weak Economy

The project includes hotels, chalets, shops, restaurants, and water sports facilities. (File photo)
April 1st, 2018 - 11:13 GMT

Work Begins on $1.5 Billion Tourism Project in Aqaba: Jordan

Saad Sherida al Kaabi, president and CEO of Qatar Petroleum. (File photo)
April 1st, 2018 - 11:09 GMT

Qatar Petroleum Raises Foreign Ownership in Its Subsidiaries to 49 Percent

The Bitcoin rout happened at 15 times the rate of the tech bubble. (Shutterstock)
March 29th, 2018 - 02:00 GMT

Back to $20,000: Is Bitcoin Pain Almost Finished?

Egypt received 730,000 tourists in February 2018, a 35 percent increase compared to the same month in 2017. (Shutterstock)
March 29th, 2018 - 11:51 GMT

Surge in UK Tourists to Egypt in 2018: Analysts

Turkish GDP at current prices climbed to over 3.1 trillion Turkish liras last year, up 19 percent from 2016. (Shutterstock)
March 29th, 2018 - 10:36 GMT

Turkey’s Economy Grows 7 Percent in 2017, GDP up 19 Percent

FTSE Russell will start listing Saudi shares in March 2019 to be completed by December 2019. (Mubasher)
March 29th, 2018 - 10:21 GMT

Saudi Tadawul to Become Largest Bourse in Middle East After FTSE Decision

A deal between OPEC and Russia is likely to be on top of the agenda for the next OPEC meeting. (AFP)
March 28th, 2018 - 08:55 GMT

OPEC, Russia Working on Long-Term Oil Pact: Saudi Prince

Kuwait government agrees with a proposal to tax remittances made by expatriates and denied that the Central Bank raised objections. (Shutterstock)
March 28th, 2018 - 08:20 GMT

Kuwait Government Agrees With Proposal to Tax Expats’ Remittances

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