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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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UAE president, Sheikh Khalifa bin Zayed Al Nahyan. (File photo)
August 28th, 2017 - 10:52 GMT

UAE President Approves 5 Percent Value-Added Tax, to Start in 2018

Oman is opening up the real estate market to GCC citizens and other nationalities. (Shutterstock)
August 28th, 2017 - 10:38 GMT

Oman Invests $10 Billion to Build New Homes for Expats

Mecca is set to host 30 million pilgrims and Umrah performers by 2030. (File photo)
August 28th, 2017 - 10:22 GMT

Economics of Hajj: Umrah, Hajj Revenues to Exceed $150 Billion by 2022

Sudanese President Omar al-Bashir walks past Chinese military honor guard during a welcoming ceremony in Beijing on June 29, 2011. (Liu Jin/ AFP)
August 27th, 2017 - 11:53 GMT

Sudan Gets $160 Million in Debt Relief From China

Emirates has introduced new fees for advanced seat selection that could see additional charges of up to $135 per passenger. (AFP/ File)
August 27th, 2017 - 10:42 GMT

Good Seat for a Price: Emirates Announces New Fees for Advanced Seat Selection

The country said it would allow complete foreign ownership of all types of education centers, including primary schools. (Amer Salem/ AFP)
August 27th, 2017 - 10:12 GMT

Saudi Arabia to Allow Full Foreign Ownership for Health, Education Sectors

DP World's first-half revenues were up 9.6 percent to $2.29 billion, from $2.09 billion in June 2016. (File photo)
August 27th, 2017 - 10:05 GMT

DP World's Cash Flow Steady Despite Flat First-Half Results: CEO

King Salman. (AFP/ File photo)
August 27th, 2017 - 09:36 GMT

Saudi Arabia, China Announce $20 Billion Joint Investment Fund

The canal is the fastest shipping route between Europe and Asia and one of Egypt’s main sources of foreign currency. (AFP/ File)
August 24th, 2017 - 02:04 GMT

Egypt's Suez Canal Revenues Rise to $447.1 Million in July

Qatar's non-oil exports in July registered a jump of 67 percent from June. (File photo)
August 24th, 2017 - 01:20 GMT

Qatar's Non-Oil Exports Return to Pre-Siege Levels in July: Report

Samsung's president of mobile communications D.J. Koh unveiled the new Galaxy Note 8 at a massive event in New York, on August 23, 2017. (Don Emmert/ AFP)
August 24th, 2017 - 12:08 GMT

Samsung Unveils Galaxy Note 8; Pre-Orders to Start on August 24

An expatriate in the UAE spends an average of Dh6,000 (~$1,630) per year on money transfers, according to a new report. (File photo)
August 24th, 2017 - 11:52 GMT

UAE Expats Spend $1,630 Per Year on Money Transfers: Report

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