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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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The Union Jack flies from the British Royal Navy's HMS Ocean (L12) amphibious assault ship and helicopter carrier as it lies docked in the port of Beirut. (AFP/Anwar Amro)
March 6th, 2017 - 10:00 GMT

UK affirms commitment to Lebanon despite Brexit

Mall of Egypt is expected to create more than 41,000 direct and indirect job opportunities since commencement of its construction. (Trade Arabia)
March 6th, 2017 - 09:00 GMT

Majid Al Futtaim opens $707M Mall of Egypt

Travel tax and terminal fees are being included in the cost of the airline tickets issued to overseas filipino workers, who cannot always be refunded at departure. (Shutterstock)
March 6th, 2017 - 08:00 GMT

Gulf airlines urged to honor duty-free travel arrangements for overseas Filipino workers

Transport Minister Hussein Al Souob said regulating ride-hailing apps would improve the competitiveness of yellow taxis. (File photo)
March 6th, 2017 - 07:00 GMT

Jordan moves to regulate ride-hailing apps

Bahrain's new LNG Import Terminal will form a vital part of the energy infrastructure of the country.  (Shutterstock/Vytautas Kielaitis)
March 6th, 2017 - 06:03 GMT

Bahrain's Nogaholding plans over $7B of oil and gas investments into 2022

This was the first time that Oman had issued a 30 year maturity period bond, which accounted for $2 billion of the funds raised. (File photo)
March 6th, 2017 - 04:59 GMT

Oman's $5B bond sale 'a global vote of confidence': Finance Minister

The society’s secretary general, Khalid Al-Fakhiri, was quoted as saying holding on to an employee’s passport was a form of human trafficking. (Shutterstock)
March 5th, 2017 - 01:00 GMT

Saudi Arabia sets deadline for return of employees passports

The German offer came during a visit to Egypt by German Chancellor Angela Merkel. (AFP/Khaled Desouki)
March 5th, 2017 - 12:00 GMT

Germany grants Egypt $500M for economic development and SME support

Sharjah Food Park will be the first food industry complex of its kind in the region, in terms of its nature and size. (SharjahUpdate.com)
March 5th, 2017 - 11:00 GMT

UAE: Sharjah Food Park complex to be Hamriyah Free Zone's flagship project

Lukoil accounts for over two per cent of global crude oil production and around one per cent of the world’s proved hydrocarbon reserves.  (File photo)
March 5th, 2017 - 10:00 GMT

Russia's Lukoil eyes operations expansion in Middle East

Headquarters of the IDB in Jeddah, Saudi Arabia.  (File photo)
March 5th, 2017 - 09:00 GMT

Islamic Development Bank charts three-year plan for Arab-African trade

The ICM is a leading global credit investment platform, managing funds which invest primarily in senior secured corporate debt issued by mid and large-cap corporates in Western Europe and the US. (File photo)
March 5th, 2017 - 08:00 GMT

Investcorp's acquisition of 3i Group debt management subsidiary brings assets to $21.4B

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