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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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Saudi Arabia is launching many initiatives to boost the growth of SMEs. (File photo)
March 29th, 2017 - 01:00 GMT

Saudi Arabia’s 'parallel market' a push for SMEs: Report

Souq.com's CEO Ronald Mouchawar declined to give price details of the Amazon deal, which is estimated to be worth $580m to $750m. (File photo)
March 29th, 2017 - 12:01 GMT

Souq.com's CEO to maintain position in company following Amazon deal: Sources

The report covers the largest banks in Bahrain, Kuwait, Qatar, Oman, Saudi Arabia, and the UAE. (File photo)
March 29th, 2017 - 11:13 GMT

GCC banks see decline in profits for first time since 2008: Report

Saudia is offering 20MB free internet service on board its flights to the US and the UK. (AlBawaba)
March 29th, 2017 - 10:35 GMT

Saudia gives free internet to passengers traveling to US, UK

The project aims to reduce electricity costs by generating electricity from solar energy. (AFP/File)
March 29th, 2017 - 10:20 GMT

Jordan, Germany sign $47.5M solar energy deal for Syrian refugees

Under the new agreement Oman Air will connect travelers to 59 destinations across Europe and North America from Lufthansa’s Frankfurt and Munich hubs. (Shutterstock)
March 29th, 2017 - 09:38 GMT

Oman Air inks new partnership with Lufthansa to expand across Europe, North America

Egypt's declining economy needs all the help it can get. (AFP/File)
March 29th, 2017 - 08:59 GMT

Egypt discusses economic support with G-8 countries

The times are tough for car dealers in the UAE. (File photo)
March 29th, 2017 - 07:00 GMT

Car sales down in UAE as consumers put the brakes on their spending

In 2016, the country secured a total of $280 million of foreign inward investment from 40 new companies. (File photo)
March 29th, 2017 - 06:00 GMT

Bahrain promises growth, market reforms in return for foreign investment

The UAE is still on track to implement VAT from January 1, 2018.
March 29th, 2017 - 05:00 GMT

UAE to exempt new residential property from VAT

Emirates airline mulls the possibility of providing government-approved laptops as a way to cushion the blow from the US electronics ban. (File photo)
March 28th, 2017 - 03:37 GMT

Emirates mulls loaning in-flight laptops to passengers amid US electronics ban

With a population expected to double in the next 50 years, Egypt is expected to face serious water and energy shortages by 2025. (File photo)
March 28th, 2017 - 02:55 GMT

Egypt to run out of water by 2025: Report

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