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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 refinery was heavily damaged during Iraq’s 1990 invasion of Kuwait before being restored to full operations at the end of the war in 1991. (File photo)
April 1st, 2017 - 07:00 GMT

Kuwait shuts down 50-year-old oil refinery, launches clean fuels project instead

The absence of a state budget since 2005 has left the country’s battered economy burdened with over $74 billion in public debt. (AFP/File)
March 31st, 2017 - 12:00 GMT

Lebanon releases first state budget since 2005, vows to reduce deficit

Laptops will be available to Business Class passengers travelling on all US-bound flights from next week. (File photo)
March 31st, 2017 - 10:49 GMT

US electronics ban: Qatar Airways follows suit with free laptops, Wi-Fi on US-bound flights

Jeff Bezos added $1.5 billion to his fortune after Amazon gained $9 billion in market value following the Souq.com deal. (AFP/David Ryder)
March 30th, 2017 - 08:52 GMT

Souq.com deal makes Amazon's CEO Jeff Bezos second-richest man in the world

The airline is going through a crisis, which has a big impact on revenue and profits. (Shutterstock)
March 30th, 2017 - 01:00 GMT

Bad news for Egypt: EgyptAir reports $830M losses as result of currency flotation

The award will be granted annually to industrial innovations that serve the humanity and contribute to re-building the world economic prosperity. (Shutterstock)
March 30th, 2017 - 12:12 GMT

UAE wants to celebrate industrial innovations with a new award

The report shows that Saudi Telecom Company (STC) is the most valuable brand in the country worth $6.6 billion. (Shutterstock)
March 30th, 2017 - 11:32 GMT

STC, Al Rajhi Bank most valuable brands in Saudi Arabia: Report

The scope of work includes construction of 37-km-long roads, which consist of three lanes in each direction, with two safety lanes and nine multi-storey intersections. (Pexels)
March 30th, 2017 - 11:12 GMT

Egyptian firm wins $561M Kuwait road project

The estimated cost of the project, to be built on 1.2 million square meters, amounts to SR1.3 billion ($346.6 million). (Pixabay)
March 30th, 2017 - 10:31 GMT

Jordan, Saudi Arabia to co-build medical city in Riyadh

The offer valid for passengers with first and business class tickets on all Etihad flights to the US. (File photo)
March 30th, 2017 - 09:23 GMT

Etihad fights US electronics ban with free wi-fi, iPads

Qatar is the second largest exporter of natural gas in the world. (Pixabay)
March 30th, 2017 - 08:36 GMT

Qatar's energy sector is moving towards renewable energy: Minister

The market for second-hand cars is feeling the impact of the new fess on expatriates announced by the Saudi government. (Pixabay)
March 30th, 2017 - 06:43 GMT

Used car market in Saudi Arabia suffers as thousands of expats are forced to go home

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