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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 Armed Forces signed deals worth more than Dh291 million ($72 million) with various companies during the first day of the exhibition. (Courtesy of UMEX)
February 27th, 2018 - 12:47 GMT

Drones and Unmanned Systems: Military Exhibition Kicks off in Abu Dhabi

The average salary for expats in Dubai is $138,177 (Dh507,110) per year, ranking the emirate at number 11 among the top 30 global cities. (Shutterstock)
February 27th, 2018 - 10:39 GMT

Expats in Dubai Earn More Than Most of the Global Cities: Survey

Several senior officials were replaced on Monday night in a sudden move by King Salman. (AFP)
February 27th, 2018 - 10:36 GMT

Saudi Arabia: King Salman Replaces Key Staff in Sudden Government Shake-up

New Samsung Galaxy S9 and S9+ come in 3 storage configurations; prices start at Dh3,099. (AFP)
February 26th, 2018 - 04:00 GMT

Pre-Order for Samsung Galaxy S9 in UAE: Where You Can Order

Many analysts expect that apartment rents in Dubai will continue to soften in 2018. (File photo)
February 26th, 2018 - 02:00 GMT

Dubai Property Set for Another Round of Falling Rents in 2018: Analysts

“We’ve created a joint venture to produce 150 Blackhawks in Saudi Arabia.” - Alan Chinoda, CEO of Lockheed’s Saudi business (Shutterstock)
February 26th, 2018 - 01:04 GMT

Lockheed Martin, Saudi Arabia JV to Create 600+ Jobs for Saudis

About 9.5 million Egyptians live outside the country, with 6.2 million expats living in Arab countries. (Khalil Mazraawi/ AFP)
February 26th, 2018 - 12:12 GMT

Remittances of Egyptians up 19 Percent Since Pound Flotation: Report

Jordan’s public debt and budget deficit levels are negatively affecting loanable funds available at banks across the country, according to a new study. (File photo)
February 26th, 2018 - 11:56 GMT

Public Debt, Budget Deficit Reducing Loanable Funds at Banks: Jordan

A Libyan rebel stands guard on top of a roof overlooking thousands performing noon prayers in Revolution Square in Benghazi on May 13, 2011. (Saeed Khan/ AFP)
February 25th, 2018 - 12:31 GMT

Libya First Overseas Destination for Turkey’s Construction Sector: Minister

Prince Alwaleed bin Talal. (Reuters)
February 25th, 2018 - 11:32 GMT

Prince Alwaleed, Khalid Al Falih: Top 5 Most Powerful Men in Saudi Arabia

Fintech companies are being launched every now and then, mostly in countries like Egypt, UAE and Lebanon. (Shutterstock)
February 22nd, 2018 - 01:30 GMT

Souqalmal, BitOasis: 10 of the Most Innovative Fintech Firms in the Mena Region

Bitcoin and other cryptocurrencies could be used to send funds to Iran, bypassing sanctions imposed by the US. (AFP/ File)
February 22nd, 2018 - 12:07 GMT

Iran Could Turn to Its Own Cryptocurrency, to Avoid US Sanctions

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