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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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Work on the drone began in 2000, and four types were produced in different sizes: Saqr 1, 2, 3 and 4. (Jim Watson/ AFP)
November 15th, 2017 - 02:45 GMT

Saudi Arabia Unveils First Combat Drone at Dubai Airshow

Emirati men visit the Dubai Airshow at its venue in Dubai. (AFP)
November 15th, 2017 - 02:19 GMT

Airbus, Boeing Win Orders Worth $77 Billion on Day 3 of Dubai Airshow

Saudi Arabia has exempted loans, credit cards, mortgages, current accounts, deposits and savings accounts from the Value Added Tax (VAT). (File photo)
November 14th, 2017 - 12:33 GMT

Saudi Arabia Exempts Loans, Credit Cards and Savings Accounts from VAT

A Lebanese bank has been commissioned to find buyers for the Four Seasons Hotel Beirut and Movenpick Hotel Beirut, partly owned by Prince Alwaleed bin Talal. (Courtesy of Four Seasons Hotel Beirut)
November 14th, 2017 - 12:12 GMT

Lebanon Puts Prince Alwaleed Bin Talal's Hotels in Beirut up for Sale

Dubizzle is the UAE’s biggest property portal with 71 percent market share, according to the website.
November 13th, 2017 - 01:30 GMT

Dubbizle Announces First-Ever Real Estate Software Acquisition

Emaar said a highlight of its growth this year has been the surge in sales of residential property in Dubai. (Pictured here: Mohamed Alabbar, chairman of Emaar Properties)
November 13th, 2017 - 01:15 GMT

Emaar Properties Sees 20 Percent Jump in Nine-Month Profit for 2017

In attendance at the 20th edition of Adipec are oil and gas executives from around the world, including the heads of Total, BP, and others. (Nezar Balout/ AFP)
November 13th, 2017 - 12:59 GMT

ADIPEC Begins as Adnoc Announces IPO

French president Emmanuel Macron tours Louvre Abu Dhabi, on November 8, 2017. (Ludovic Marin/ AFP)
November 12th, 2017 - 08:00 GMT

UAE's Mubadala to Invest €500 Million in French Startups

Russian Central Bank is expanding its gold reserves amid growing geopolitical tensions. (File photo)
November 12th, 2017 - 07:00 GMT

Russia Buying Gold at ‘Record Pace’, World Gold Council Says

The Chairman of the Qatar Society of Engineers (QSE), Eng. Ahmad Jassim al Jolo, has expressed optimism that the private sector will lead Qatar to self-sufficiency. (Gulf Times)
November 12th, 2017 - 06:00 GMT

Private Sector Will Lead Qatar to Self-Sufficiency: QSE Chief

A fire engulfs the Address Downtown Dubai, a luxury hotel in Dubai on December 31, 2015. (Ahmed Jadallah/ Reuters)
November 12th, 2017 - 05:00 GMT

Insurance Hikes for Dubai High-Rise Buildings After Fires

Some 361 projects are currently underway across the Gulf region, buoyed by steadily increasing oil prices. (AFP/ File)
November 12th, 2017 - 01:24 GMT

361 Oil and Gas Projects Currently Underway in GCC, at $331 Billion

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