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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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Nadec is proposing to buy all shares of Danone and in exchange offer new Nadec shares to Danone's current shareholders. (File photo)
October 9th, 2017 - 12:23 GMT

Saudi Arabia's Nadec, Danone Mull Possible Merger

The total assets of the 48 banks operating in the country reached Dh2.66 trillion ($723 billion) for 2016. (File photo)
October 9th, 2017 - 11:55 GMT

UAE Banks Lead GCC With $723 Billion in Assets

With $8 per night, you get access to Wifi, a gym, laundry, common area, balcony and rooftop pool. (Pixabay)
October 8th, 2017 - 11:43 GMT

Not Only for the Rich: Dubai Targets Backpackers With $8 a Night

Saudi Arabia has plans for a new digital currency for banks. (Pexels)
October 8th, 2017 - 10:59 GMT

Saudi Arabia Announces Digital Currency Exclusively for Banks

According to the decisions, rents paid by companies will be cut by 50 percent in some areas. (Pixabay)
October 8th, 2017 - 09:58 GMT

Qatar Boosts Private Sector's Contribution to Economy Amid Blockade

According to a report by Oxford Economics, salaries in the UAE are likely to face pressures on higher living costs, including the introduction of VAT. (File photo)
October 8th, 2017 - 08:59 GMT

Salaries in UAE to Slow Down or Stagnate in 2018: Report

The two countries signed 15 agreements, including one for Saudi Arabia to buy Russia’s S-400 missile defense system. (AFP)
October 8th, 2017 - 08:41 GMT

Saudi Arabia, Russia Sign 15 Agreements and a Dozen New Projects on King Salman's Visit

According to the UN, only a few Arab countries have laws to tackle issues like marital rape, honor killings and incest. (Shutterstock)
October 5th, 2017 - 01:27 GMT

Violence Against Women Costs Egypt $123 Million a Year: UN Report

Saad Sherida al Kaabi, Qatar Petroleum's President and CEO. (File photo)
October 5th, 2017 - 12:50 GMT

Qatar Petroleum Was Quick to Absorb Impact of Saudi-Led Blockade: CEO

Passengers at Qatar's Hamad International Airport will soon be able to clear through various check points using only their faces. (AFP)
October 5th, 2017 - 08:34 GMT

Qatar to Trial Facial Recognition Technology at Hamad International Airport

King Salman issued a royal order this week to establish a nationwide fund, the National Development Fund. (AFP/ File)
October 4th, 2017 - 01:36 GMT

Saudi King Orders Establishment of National Development Fund

The oil and natural gas business could be the next big industry targeted by cyber criminals. (File photo)
October 4th, 2017 - 01:04 GMT

Cyber Attacks on the Rise in the Oil and Gas Industry: Experts

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