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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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Tourism officials hope that 2018 will witness a "significant" rise in the number of tourists to the rose-red city of Petra. (File photo)
March 6th, 2018 - 10:50 GMT

Jordan: Number of Petra Visitors Rises Considerably in February

Dubai-based broadcaster MBC removes all Turkish shows ‘until further notice’. (Photo: Puhu TV)
March 5th, 2018 - 01:14 GMT

‘Until Further Notice’: Dubai-Based MBC Takes Turkish TV Shows Off Air

On Sunday, President Sheikh Khalifa bin Zayed Al Nahyan issued a decree establishing the new firm. (Photo: Wam)
March 5th, 2018 - 11:33 GMT

Abu Dhabi Sets up Dh500 Million Body to Regulate Government Firms

The two countries agreed to activate a $10 billion investment fund late on Sunday during a visit to Cairo by Saudi Crown Prince Mohammed bin Salman. (AFP)
March 5th, 2018 - 10:53 GMT

Egypt, Saudi Arabia Launch $10 Billion Investment Fund on Crown Prince's Visit

A new report shows that Egypt, Angola, Nigeria, South Africa, and Morocco, account for 68 percent of Africa's total banking revenue pool. (Shutterstock)
March 5th, 2018 - 10:24 GMT

Egypt’s Banking Sector Among Top 5 in Africa: Report

Egypt has revised its 2018 economic growth forecast, and in the middle there's Zohr. (AFP/ File)
March 4th, 2018 - 01:31 GMT

Egypt Is on a Roll, All Thanks to Zohr Gas Field

Minister of Energy said on Saturday that the ministry has received applications from seven mining companies to explore gold in the Wadi Araba region. (Shutterstock)
March 4th, 2018 - 12:44 GMT

Desperate for Income, Jordan Launches Bid for Gold Exploration in Wadi Araba

On Thursday, Donald Trump announced tariffs on steel of 25 percent. (AFP/ File)
March 4th, 2018 - 12:30 GMT

Opinion: Trump’s Steel Tariffs Pull the Trigger on a Trade War

Road transport is responsible for almost a quarter of Saudi Arabia’s energy use. (Shutterstock)
March 4th, 2018 - 11:55 GMT

Poor Performing Cars to Blame for Soaring Fuel Consumption: Saudi Arabia

Tunisia's external debt includes 50 percent of multilateral debts, 14 percent of bilateral debts and 36 percent of debts contracted with the international financial market. (Shutterstock)
March 4th, 2018 - 10:23 GMT

Tunisia’s Debt Races to Danger Zone, at 69.9 Percent of GDP

The merger between the National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) last year is reported to have resulted in numerous jobs cuts. (Photo: NBAD)
March 4th, 2018 - 10:16 GMT

Abu Dhabi Banks Slash 1,300 Jobs in Cost-Cutting Drive

Unemployment among males stood at 16 percent, while among females it was 27 percent. (Khalil Mazraawi/ AFP)
March 1st, 2018 - 02:50 GMT

Jordan's Unemployment Rate Remains Unchanged, at 18.5 Percent

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