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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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Emirates National Bank of Dubai (Emirates NBD) came in third place with valued assets of $122 billion. (File photo)
March 9th, 2017 - 08:00 GMT

UAE banking sector tops Gulf states for asset volume

There are still many unanswered questions about the revenue sharing and other issues related to oil and gas. (Shutterstock)
March 9th, 2017 - 07:00 GMT

Lebanon's lawmakers pledge to grant oil and gas contracts by end 2017

Disney claims that the ban has not had an impact on the number of visitors to Disney attractions in the US, Paris or the Disney Cruise line. (Disney)
March 9th, 2017 - 06:00 GMT

Despite Trump visa ban, Disney continues to court Arab tourists

The project aims to create a world-class provider of offshore EPCI services throughout the Middle East and regional markets.  (Offshore-technology.com)
March 9th, 2017 - 05:26 GMT

McDermott International, Aramco ink construction deal for Saudi maritime complex

Bahrain's friendly atmosphere seems to help women working abroad to settle in. (Shutterstock)
March 8th, 2017 - 03:00 GMT

Bahrain beats Australia and Norway as best country for women working abroad: Survey

The number of tourists coming to Egypt in 2015 was 9.3 million, compared with more than 14.7 million in 2010. (File photo)
March 8th, 2017 - 02:28 GMT

Is tourism in Egypt on its way to recovery?

The new rules will see bags without flat surfaces rejected at check-in. (Shutterstock)
March 8th, 2017 - 11:38 GMT

New baggage rule at Dubai airports

The Riyadh metro is now 48 per cent complete and will be completed in two years time. (File photo)
March 8th, 2017 - 10:40 GMT

Saudi Arabia eyes private partnerships for new metro projects

Yellow taxis that are part of Careem will charge slightly more than yellow taxis that are not included in the app. (File photo)
March 8th, 2017 - 09:00 GMT

Jordan: Amman taxis join Careem, resolving competition dispute

Aoun met Ferid Belhaj, World Bank director for the Middle East, and a delegation from the World Bank (The Daily Star/Dalati Nohra)
March 8th, 2017 - 08:00 GMT

World Bank to increase funds to Lebanon

Hyperloop One is competing with a number of other companies to have the first operational hyperloop system, a mode of transport that will propel passengers and cargo at speeds of nearly 700mp/h (1,127km/h). (File photo)
March 8th, 2017 - 07:00 GMT

Hyperloop One to hire staff for UAE expansion

Jordan's PM expressed interest in establishing a maritime line between Aqaba and Turkish ports, as well as increasing the volume of exported phosphate and potash to Turkey. (File photo)
March 8th, 2017 - 06:00 GMT

Jordan, Turkey target $3B trade volume, new maritime line

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