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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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King Salman has ordered the payment of $15 million aid for the Rohingya Muslims in Myanmar. (AFP/ File)
September 20th, 2017 - 09:38 GMT

Saudi Arabia Pledges $15 Million to Aid Rohingya Muslims in Myanmar

The US stance toward the Middle East is negatively impacting business and regional growth, according to experts. (AFP/ File)
September 19th, 2017 - 05:00 GMT

Opinion: US Stance Towards Middle East Negatively Affecting Economy and Growth

Read this interview with the Indian ambassador to Egypt, Sanjay Bhattacharyya. (Courtesy of the Embassy of India)
September 19th, 2017 - 01:51 GMT

Six Indian Companies Will Be Investing in Egypt Soon: Interview With Indian Ambassador

The project will cost $57 million and is expected to improve the health sector in Jordan. (Courtesy of JU)
September 19th, 2017 - 01:37 GMT

Saudi Development Fund to Build $57 Million Hospital in Jordan: Minister

The profitability of Gulf Islamic banks will deteriorate this year and in 2018 with several factors coming into play. (File photo)
September 19th, 2017 - 01:28 GMT

Profitability of Gulf Islamic Banks to Fall in 2017: Report

The funding round has boosted the company’s valuation to $5.1 billion. (Photo courtesy of Slack)
September 19th, 2017 - 11:24 GMT

Slack Gets $250 Million Funding From Saudi-Backed Softbank Group

The new rail project links the Red Sea port of Jeddah with Riyadh and the Arabian Gulf. (Shutterstock)
September 19th, 2017 - 11:10 GMT

Saudi Arabia to Issue Tenders for Massive Railway in Early 2018

The forum will focus on the fourth industrial revolution as its central topic. (Photo courtesy of WAM)
September 19th, 2017 - 10:49 GMT

Sharjah FDI Forum 2017 Kicks off Today

Mashreq Bank will cut 10 percent of its workforce as a direct result of artificial intelligence technology. (Courtesy of Mashreq Bank)
September 19th, 2017 - 08:01 GMT

Mashreq Bank to Cut 10 Percent of Staff on Successful AI Implementation

Two new shipping routes will link Qatar with vital ports in China, Turkey and Greece. (File photo)
September 18th, 2017 - 02:24 GMT

Qatar Launches Shipping Routes to China, East Mediterranean to Bypass Blockade

The global halal economy is estimated to reach $6.4 trillion by 2018, compared to $3.2 trillion in 2012. (AFP)
September 18th, 2017 - 01:35 GMT

Halal Expo Launches in Dubai as Global Halal Economy Hits $6.4 Trillion

The price hike would see gas prices increase by around 80 percent. (AFP/ File)
September 18th, 2017 - 10:59 GMT

Saudi Arabia Plans to Raise Fuel Prices by 80 Percent This Year: Sources

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