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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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Shares of Kingdom Holdings tumbled nearly 10 percent on Sunday. (AFP/ File)
November 5th, 2017 - 11:27 GMT

Kingdom Holding’s Shares Crash After Arrest of Prince Alwaleed in Anti-Corruption Probe

“Would very much appreciate Saudi Arabia doing their IPO of Aramco on the New York Stock Exchange. Important to the United States!,” Trump tweeted. (AFP/ File)
November 5th, 2017 - 07:01 GMT

In Tweet, Trump Urges Saudi Arabia to Choose NYSE for Aramco IPO

The package represents additional financing to the Iraq Emergency Operation for Development Project. (Shutterstock)
November 2nd, 2017 - 12:16 GMT

World Bank to Provide $400 Million for Iraq Reconstruction

The new authority will help improve protection of networks, information technology systems and data. (File photo)
November 2nd, 2017 - 10:53 GMT

Saudi Arabia Sets up New Authority for Cyber Security

Qatar's strong fiscal position and relatively diversified economy will propel economic activity going forward in the country. (File photo)
November 2nd, 2017 - 10:16 GMT

Strong Fiscal Position to Bolster Qatar Economy: Report

There will be new areas for oil demand in the future from compound industries. (File photo)
November 2nd, 2017 - 08:28 GMT

Will Oil Demand Peak Soon? Here Is the View From Saudi Arabia

Bahrain has been among the hardest hit countries in the Gulf Cooperation council by the drop in oil prices. (Shutterstock)
November 2nd, 2017 - 07:03 GMT

Bahrain Asks Gulf Allies for Financial Aid

Saudi Arabia has made the most progress in terms of female economic participation since the WEF report began in 2006. (Shutterstock)
November 2nd, 2017 - 05:59 GMT

World Economic Forum Praises Slow, but Sure, Progress in Closing Saudi Gender Gap

The shelters are part of a project for 400 air-conditioned bus shelters covering various areas of Dubai. (Shutterstock)
November 1st, 2017 - 02:00 GMT

10 AC Bus Shelters for Academic City in Dubai Next Year

Companies that fail to pay workers on time will be fined up to SAR3,000 ($800). (File photo)
November 1st, 2017 - 11:43 GMT

Saudi’s Wage Protection System Now Applies to Smaller Firms

Almost 40 percent of the startups launched in 2016 were owned by women. (Shutterstock)
November 1st, 2017 - 10:47 GMT

Saudi Women Seize New Business Opportunities

Some premium and affordable residential neighbourhoods in Dubai are losing the most rental values – on a percentage basis. (File photo)
November 1st, 2017 - 10:10 GMT

Premium, Affordable Locations in Dubai Post Steepest Declines in Rent

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