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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 increased fuel prices in Bahrain came into effect from 2:00pm yesterday. (AFP)
January 9th, 2018 - 10:04 GMT

Bahrain Raises Gas Prices Closer to International Levels

Emirates, Etihad and Royal Jordanian airlines all made it to the top 20 safest airlines for 2018. (Courtesy of Airbus)
January 9th, 2018 - 09:05 GMT

Emirates, Etihad Among Safest Airlines in the World: Study

Foreigners applying to work in the UAE will soon be required to obtain a good conduct and behavior certificate to receive a work visa. (Shutterstock)
January 9th, 2018 - 08:40 GMT

UAE Introduces ‘Good Behavior’ Criteria for Hiring Expats

In its latest report, the Iranian Parliament Research Center put the country’s economic growth in the current year at 4.1 percent. (AFP)
January 8th, 2018 - 06:00 GMT

Amid Unrest: Iran Expects Economy to Grow 4 Percent in 2018

As the Lebanese bid farewell to 2017, economists are busy now analyzing the challenges Lebanon will face in 2018 hoping to revitalize the sluggish economy. (Ibrahim Chalhoub/ AFP)
January 8th, 2018 - 02:00 GMT

Challenges Facing Lebanon in 2018, and How to Solve Them

Palestinian-born real estate developer Mohamed Hadid does not conceal his deep affection to his roots despite spending most of his life in the US. More in this interview.  (Pictured here: Mohamed Hadid and his daughter model Bella Hadid during the 70th annual Cannes Film Festival/ Getty Images)
January 8th, 2018 - 01:00 GMT

Palestinian and Proud: Interview With Real Estate Developer Mohamed Hadid

From a monetary policy perspective, 2017 was a year in which central banks around the globe shifted, almost in synchronized step. Here's an outlook for 2018. (Shutterstock)
January 8th, 2018 - 12:00 GMT

Where Major Central Banks Are Likely Headed in 2018: Overview

Kuwait's new budget will be dominated by various reform measures to help fight the hardships the economy is facing.  (Pictured here: Sabah Al-Ahmad Al-Sabah, ruler of Kuwait/ AFP)
January 8th, 2018 - 10:54 GMT

Kuwait Projects Higher Revenues in 2018-2019 Budget

Saudi government employees receive SR12.7 billion in salaries every month. (John Moore/ AFP)
January 8th, 2018 - 10:00 GMT

Saudi Arabia Spends $43.5 Billion on Government Employees in 2017

The Banker Magazine acknowledged the minister's efforts in "maintaining the stability of the economy amidst regional challenges". (Courtesy of Venture Magazine)
January 8th, 2018 - 08:51 GMT

Jordanian Omar Malhas Best Finance Minister in Middle East

Saudi Arabia has launched a new entrepreneurship licence, open to both citizens and residents alike. (AFP)
January 8th, 2018 - 08:14 GMT

Saudi Arabia Unveils New Entrepreneur License for Citizens, Residents

VAT revenues will be used to achieve better local services, greater community development and broader support for UAE citizens. (Shutterstock)
January 8th, 2018 - 07:31 GMT

UAE: 70 Percent of VAT Will Go to Local Governments

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