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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 credit line will be used to finance Iran's infrastructure projects. (File photo)
September 17th, 2017 - 03:12 GMT

China Signs Deal to Provide Iran With $10 Billion Credit Line

The new project will be built at a total cost of Dh14.2 billion ($3.8 billion). (Photo: First Solar)
September 17th, 2017 - 11:12 GMT

Dubai Breaks All Records With Launch of World's Largest Solar Power Project

Lebanon is working with Cyprus to increase its internet speeds by drastically improving the cabling running from France to Lebanon via Cyprus. (File photo)
September 14th, 2017 - 12:30 GMT

Is Lebanon Finally Getting a Reliable, High-Speed Internet Connection?

Saudi Arabia in June led a coalition of Middle East countries in severing ties with Qatar. Pictured here: Sheikh Tamim bin Hamad Al Thani, Emir of Qatar. (AFP)
September 14th, 2017 - 10:41 GMT

Ongoing Gulf Crisis a Risk for GCC's Credit Outlook: Moody’s

Audio, video calls will be available in Saudi Arabia starting next Wednesday. (File photo)
September 14th, 2017 - 10:26 GMT

Saudi Arabia: Ban on Voice, Video Calling Apps to Be Lifted Next Week

In the UAE, only around half protect their devices with a password. (Pixabay)
September 14th, 2017 - 05:00 GMT

Cyber Security Often Overlooked by UAE Residents – at a Price

A new study has revealed that the most-preferred customer channel for accessing banking services in Saudi Arabia is via a mobile app. (Shutterstock)
September 13th, 2017 - 02:44 GMT

Mobile Banking, Not Traditional Banking, Is What Saudi Customers Want: Infographic

Prince Alwaleed Bin Talal. (AFP/ File)
September 13th, 2017 - 10:31 GMT

Crédit Agricole Sells 16 Percent Stake in Saudi Bank to Prince Alwaleed Bin Talal

Apple CEO Tim Cook speaks about the new iPhone X during a media event at Apple's new headquarters in Cupertino, California, on September 12, 2017. (Josh Edelson/ AFP)
September 13th, 2017 - 10:14 GMT

Apple's iPhone X: Specs, Price and Availability in Middle East

A Yemeni man sits on the rubble as people search for survivors in houses destroyed by a Saudi-led air strike on Yemen’s capital, Sanaa, on May 1, 2015. (Mohammed Huwais/ AFP)
September 13th, 2017 - 09:07 GMT

Saudi Arabia to Offer Residency Permits to Yemenis With Visitor Cards

Good news: You get a raise next year. Bad news: It's not much. (File photo)
September 13th, 2017 - 06:00 GMT

GCC 2018 Salary Raises: The Good News and the Bad News

The exhibition, which will be held in Riyadh from 28-30 January 2018, is a key event for the future of the Internet of Things in Saudi Arabia. (Shutterstock)
September 13th, 2017 - 05:00 GMT

Saudi Arabia to Host Major IoT Conference in Early 2018

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