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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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ADFD and IDB Group share a common focus on infrastructure development to supporting governments and collaborating with the private sector. (File photo)
March 14th, 2017 - 12:00 GMT

ADFD, IDB Group eye development projects in Latin America, Caribbean

Al-Rajhi Capital analysts said the government has identified VAT, an expat levy, a municipal fee, an excise tax on harmful products and luxury tariffs as major avenues for generating non-oil revenue. (Shutterstock)
March 14th, 2017 - 11:00 GMT

Saudi Arabia's budget surplus achievable by 2019 with fiscal discipline: Al-Rajhi Capital

Russia's T-90MS tank, the latest variant in the Kremlin's T-90 series. (Wikimedia Commons)
March 14th, 2017 - 10:00 GMT

Iran to mass produce battle tank to rival Russia's T90MS

Kuwaiti oil minister Essam al-Marzouk speaks to the press in Kuwait City on February 13, 2017. (AFP/Yasser Al-Zayyat)
March 14th, 2017 - 09:00 GMT

Kuwait's oil minister would back extension of OPEC production cut

Al Othman urged attendees to adopt the highest international standards of corporate governance, to help move the region from frontier markets to emerging markets to developed markets. (Twitter/GCC BDI)
March 14th, 2017 - 08:00 GMT

Arab Regulators Conference: Regional firms slow to adopt global corporate government standards

Saudi Arabia is Japan’s largest oil supplier, with about one-third of all oil imports in 2015 coming from the Kingdom.  (AFP/Shizuo Kambayashi)
March 14th, 2017 - 07:00 GMT

Saudi, Japan mull Aramco listing on Tokyo Stock Exchange

The cartel and non-OPEC Russia have said that a possible extension of the production cut deal is still too early to assess.  (AFP/File)
March 14th, 2017 - 06:42 GMT

Will OPEC extend the production cut deal?

Wadi Zara, Jordan. (Wikimedia Commons)
March 14th, 2017 - 06:00 GMT

Arab Water Week: Brain drain poses new challenges for regional water management

Algeria has the 10th-largest natural gas deposits in the world and is the third-largest supplier to Europe. (Shutterstock)
March 14th, 2017 - 05:16 GMT

Algeria to receive $42.7M in EU funding for renewable energy projects

Starbucks operates nearly 600 stores in 12 countries in the Middle East and North Africa. (File photo)
March 13th, 2017 - 06:59 GMT

Has the #BoycottStarbucks anti-refugee campaign succeeded in hurting the coffee giant?

The oil pipeline will transport petroleum products from the port city of Karachi to major consumer Punjab. (File photo)
March 13th, 2017 - 04:00 GMT

Kuwait builds Pakistani oil pipeline from Karachi to Punjab

Russia suspended all its flights to Egypt following the Russian plane crash in Sinai in October 2015. (File photo)
March 13th, 2017 - 03:00 GMT

Russia, Egypt finalize security protocol to resume flights

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