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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 Aramco's IPO is scheduled in the second half of 2018. (AFP/Fayez Nureldine)
March 23rd, 2017 - 11:03 GMT

Saudi Aramco chooses Islamic bonds in the run-up to its much-anticipated IPO

The banned Middle East carriers include Emirates, Etihad Airways, Qatar Airways, Royal Jordanian, Saudi Airlines, and Turkish Airlines. (File photo)
March 23rd, 2017 - 10:14 GMT

US electronics ban: A valid security measure or anti-competitive practice?

Chinese 3D printing firm will build 1.5 million 3D printed houses in Saudi Arabia. (Shutterstock)
March 23rd, 2017 - 09:34 GMT

China helps Saudi Arabia reduce labor, material costs with 3D printed houses

Several countries are suspending their imports of meat from Brazil in the wake of allegations that companies had been exporting rotten meat. (File photo)
March 23rd, 2017 - 08:00 GMT

Jordan has no plans to suspend imports in wake of Brazil's meat scandal

The UAE has seen a 12 percent increase in tourists after it offered visas on arrival to visitors from China and Russia. (File photo)
March 23rd, 2017 - 07:00 GMT

Dubai is reaping the fruits of its 'visa on arrival' policy

Emir of Kuwait Sheikh Sabah Al-Sabah and Turkish President Recep Tayyip Erdogan during the signing ceremony in Ankara. (QNA)
March 23rd, 2017 - 06:00 GMT

Kuwait, Turkey sign agreements in military, tourism and Syrian refugee crisis

Syrian army troops near the war-torn ancient city of Palmyra. (AFP/File)
March 23rd, 2017 - 05:00 GMT

UAE announces $15M donation to safeguard heritage sites in war zones

Egypt is raising the fees for its multiple entry visa from US$25 to US$60. (File photo)
March 22nd, 2017 - 04:00 GMT

Egypt to raise visa entry fees

The train will cover the distance between Jeddah and Mecca in 30 minutes. (Shutterstock)
March 22nd, 2017 - 03:00 GMT

High-speed train connecting Mecca-Medina-Jeddah will see the light in 2018: Saudi Railways

Syrian refugees in Jordan represent almost 20 percent of the country's population. (AFP/File)
March 22nd, 2017 - 02:18 GMT

Jordan receives only 3 percent of funding required for its 1.3M Syrian refugees

Amazon has restarted talks to acquire Souq.com for as much as $650M. (Shutterstock/ Eric Broder)
March 22nd, 2017 - 01:17 GMT

Amazon resumes takeover talks with UAE's Souq.com

Field and well development plans are already underway and the first development well has been drilled. (File photo)
March 22nd, 2017 - 12:00 GMT

New project to increase Oman’s gas production by 40 percent: BP

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