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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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Busy day at work? Don’t fret: A friendly robotic assistant may soon take the strain. (Shutterstock)
September 10th, 2017 - 01:17 GMT

Saudi Arabia Wants Robots to Take up Government Jobs

One-bedroom apartments can be bought for 54 bitcoins (or $250,000). (Photo courtesy of Aston Plaza)
September 7th, 2017 - 10:48 GMT

Dubai to Accept Bitcoin Payments on $325 Million Real Estate Project

Opec and other producers led by Russia and  Saudi Arabia are cutting oil output until the end of March 2018. (AFP/ File)
September 6th, 2017 - 11:29 GMT

Saudi Arabia, Russia Mull Opec Deal Extension as Oil Prices Stabilize

Qatar exchange witnessed the steepest monthly drop in August on the back of the ongoing political deadlock with its neighbors. (AFP/ File)
September 6th, 2017 - 11:08 GMT

The Best and Worst Performing Stock Markets in GCC for 2017

Qatar's Emir Sheikh Tamim bin Hamad al-Thani led on Tuesday the inauguration of the new Hamad Port. (AFP/ File)
September 6th, 2017 - 10:34 GMT

Qatar Defies Saudi-Led Bloc With Inauguration of New Port

The negative outlook reflects a reduction in the government’s ability to support banks, weaker economic growth and tightening liquidity. (File photo)
September 6th, 2017 - 10:10 GMT

Moody’s Cuts Oman Banking Outlook on Weak Government Support, Poor Growth

Cityscape Global is set to take place from September 11-13 at the Dubai World Trace Centre. (Karim Sahib/ AFP)
September 6th, 2017 - 07:49 GMT

Dubai Developer Emaar Not Participating in Cityscape Global This Year

This year, the Hong Kong-based carrier reported its first annual loss since the 2008 global financial crisis. (Dale De La Rey/ AFP)
September 5th, 2017 - 11:31 GMT

Cathay Pacific Announces Major Management Shake-up, Moves Hub to Dubai

Last month, Kuwait announced new healthcare costs for expats working in the country. (AFP/ File)
September 5th, 2017 - 11:16 GMT

Kuwait Launches 'Excess Foreigner' Tax for Companies With More Than 50 Percent Expats

The healthcare firm has plans to expand across the Gulf after establishing a base of hospitals in the UAE. (Pixabay)
September 5th, 2017 - 11:03 GMT

UAE’s NMC Health Becomes First Middle Eastern Firm to List on UK’s FTSE 100

Virgin Group Founder Sir Richard Branson lifts a Virgin America staff member on April 22, 2013. (Virgin America/ Getty Images)
September 5th, 2017 - 10:44 GMT

Virgin Mobile Officially Launches in UAE

Kuwait's investments in the US include stocks, bonds, real estate and technology. (Shutterstock)
September 4th, 2017 - 02:31 GMT

Kuwait Has More Than $300 Billion of Investments in US: Report

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