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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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Government employees and public and private school teachers have routinely protested for increased benefits and full employment. (File photo)
March 16th, 2017 - 03:00 GMT

Lebanon considers salary hikes for teachers, government employees

Low prices of soft drinks and junk food have been blamed for rising rates of diabetes and obesity across the Gulf region.  (Shutterstock/Dmitrydesign)
March 16th, 2017 - 02:00 GMT

Will the UAE's sweet drinks and tobacco tax curb consumption?

The agreements between Saudi Arabia and China will cover a variety of issues, ranging from energy to space technology. (AFP/Lintao Zhang)
March 16th, 2017 - 12:53 GMT

King Salman visits China, signs deals worth $65B

Governments in the Middle East are committed to energy reforms and have implemented energy reducing tactics. (Shutterstock)
March 16th, 2017 - 12:00 GMT

MENA's renewable energy M&As on the rise: EY

The new rules will allow schools to operate in their existing premises if they follow all safety and security procedures and have a plan to renovate and develop the rented buildings.  (File photo)
March 16th, 2017 - 11:00 GMT

Saudi Arabia u-turns on closing private schools amid backlash

 IATA expects 2017 to see a further decline in profitability. (File photo)
March 16th, 2017 - 10:00 GMT

Protectionist rhetoric will hurt GCC aviation sector: IATA

The drop in the price of oil has caused large-scale damage to the economies of the region. (File photo)
March 16th, 2017 - 08:58 GMT

Drop in MENA banks' liquidity expected in 2017: World Union of Arab Bankers

US and Saudi officials intend to consult on additional steps to deepen commercial ties and promote investment, and to expand cooperation in the energy sector. (AFP/Nicholas Kamm)
March 16th, 2017 - 07:00 GMT

Saudi Deputy Crown Prince, Trump discuss $200B joint investment program

Saudi banks are more profitable than most of their GCC peers. (File photo)
March 16th, 2017 - 06:00 GMT

Banking sector in Saudi Arabia strongest in GCC

The UAE will join the club of nearly 150 nations by implementing a 5 percent VAT in the country from January 1, 2018. (File photo)
March 16th, 2017 - 05:00 GMT

Will electricity, phone bills in UAE also be taxed under VAT?

Lebanon has over 60 small, medium and large insurance companies and some experts believe that this number of firms is too big for a small country. (Shutterstock)
March 15th, 2017 - 01:00 GMT

Lebanon finalizes plan to encourage insurance company mergers

Global experience has shown that VAT training and education is fundamental to ensuring successful VAT implementation. (Shutterstock)
March 15th, 2017 - 12:00 GMT

GCC firms underprepared for VAT introduction: EY

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