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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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On May 2, 2017, Singapore-based Changi Airports said in a statement that it had won the license to run the airport for a 20-year term. (Courtesy of GACA)
February 22nd, 2018 - 10:57 GMT

Changi Airports Loses Deal to Manage Jeddah Airport, 10 Months After Tender

The meeting will be held in Doha, on April 11 and 12. (Karim Jaafar/ AFP)
February 22nd, 2018 - 06:00 GMT

Qatari, Omani Businessmen Prepare for Business Meeting in April

The volume of trade exchange between Egypt and the rest of the world is up, so is Egypt's trade deficit. (File photo)
February 21st, 2018 - 11:59 GMT

Egypt’s Trade Deficit at $8.9 Billion for July-September 2017: Central Bank

The value of remittances sent home by Filipinos in the UAE grew to significant levels in 2017. (File photo)
February 21st, 2018 - 11:22 GMT

Filipinos Send Biggest Remittances in 2017: Report

More than 5,000 events are planned for Saudi Arabia in 2018, including a circus. (Shutterstock)
February 21st, 2018 - 10:26 GMT

Concerts and Fashion Shows: Saudi Arabia Unveils Entertainment Line-Up for 2018

Saudi Arabia on Tuesday approved an agency under the Ministry of Labor to facilitate the employment of Saudis in the private sector. (AFP/ File)
February 21st, 2018 - 10:11 GMT

Saudi Arabia Approves Special Unit to Employ Saudis in Private Sector

The report said little relief was expected until Expo 2020. (File photo)
February 21st, 2018 - 06:00 GMT

Dubai Real Estate Slump to Continue for Another Two Years: Report

Facebook's stock price, since its IPO in 2012, has surged more than three-fold. But the best is yet to come. (Shutterstock)
February 20th, 2018 - 05:00 GMT

Facebook Will Continue to Be a Money-Making Machine: Here’s Why

Construction of Deira Mall will begin this year, with completion expected in 2021. (Courtesy of Nakheel)
February 20th, 2018 - 04:00 GMT

In Pictures: Nakheel Unveils New Mega-Mall in Dubai, Middle East's Biggest

The U.S. dollar inched higher versus a basket of major currencies on Tuesday. Oil markets were split. (Shutterstock)
February 20th, 2018 - 02:07 GMT

Strong U.S. Dollar, Mixed Oil: Top 5 Things to Know in the Markets Today

The insurance coverage of King Tut's belongings to be shown abroad was valued at $862 million, said Egypt's Minister of Antiquities Khaled El-Anany. (Shutterstock)
February 20th, 2018 - 12:33 GMT

King Tutankhamun’s Trip Abroad Costs Egypt $862 Million: Minister of Antiquities

Israel on Monday announced two agreements, worth $15 billion, to export Israeli natural gas to Egypt. Israeli Prime Minister Benjamin Netanyahu calls it a 'historic agreement'. (AFP/ File)
February 20th, 2018 - 11:46 GMT

Israel's $15 Billion Gas Deal With Egypt a 'Historic Agreement': Netanyahu

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