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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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On April 1, Kuwait closed the Shuaiba refinery, one of the oldest oil facilities in the region. (File photo)
April 4th, 2017 - 06:59 GMT

British firm lands $1.3B oil project in Kuwait

Thousands of people march through the streets of Tunis for an anti-terror demonstration in March 2015. (AFP/Fethi Belaid)
April 3rd, 2017 - 01:30 GMT

Tunisia receives $64M grant from the European Commission

Hamdi Akin, the chairman of Akfen Holding, believes that the Turkish economy will recover in 2017. (Afken Holding)
April 3rd, 2017 - 12:30 GMT

Now is the time to invest in Turkey: Akfen Holding chief

Bahrain's trade balance declined with the value of the deficit reaching BD109 million ($289.1 million) in February, the report stated. (File photo)
April 3rd, 2017 - 11:30 GMT

Saudi Arabia tops list of importers from Bahrain with $119M: Report

The average monthly salary across the UAE's three expatriate groups – Asian, Arab and Western – increased just 0.49 percent or $54 over the last year. (Pixabay)
April 3rd, 2017 - 10:42 GMT

Gulf Business reveals UAE's top 10 salaries for 2017, is yours one of them?

The Kingdom’s current power capacity stands at 3,800 megawatts registering a maximum load of 2,250 megawatts in December, with an annual 7 percent growth in demand for power. (File photo)
April 3rd, 2017 - 09:30 GMT

Jordan to amp up electricity production to meet demand: Official

National Bank of Abu Dhabi (NBAD) is spearheading the potential to unlock and promote green finance across the Middle East region. (File photo)
April 3rd, 2017 - 08:50 GMT

National Bank of Abu Dhabi lists region's first-ever green bond on London Stock Exchange

Solidere recorded net profits of $72.1 million in the first six months of 2016, compared to a loss of $28.71 million in the same period of 2015. (AFP/Joseph Eid)
April 3rd, 2017 - 08:37 GMT

Lebanon real estate: Solidere profits expected to reach $111M for 2016

Istiklal Street, Istanbul. (Pixabay)
April 3rd, 2017 - 06:00 GMT

Will Turkey see more tourists in 2017?

The government plan to increase oil production is spurring Kuwait’s construction sector. (File photo)
April 3rd, 2017 - 05:00 GMT

Kuwait construction sector poised for growth despite low oil prices: Report

Foreign investors pumped $40.3 million last month into the UAE capital, with the real estate market dominating at 44.61% of the total shares. (Pixabay)
April 3rd, 2017 - 04:00 GMT

Real estate takes lion share of Abu Dhabi's foreign investment

The head of the Tax Authority revealed that actor Adel Emam paid the largest amount of tax for the free professions category at LE3,921,000 ($217,260). (File photo)
April 2nd, 2017 - 06:00 GMT

Against the odds.. Tax returns in Egypt up 40 percent!

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