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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 2016 results – which take Nakheel’s cumulative results since 2010 to Dh19.9 billion – follow improved year-on-year performances by the company’s retail, hospitality and residential leasing businesses. (File photo)
February 1st, 2017 - 12:00 GMT

UAE developer Nakheel announces record $1.35B net profit

Saudi Arabian Airlines’ (Saudia) domestic terminal will also shift to the new airport. (SPA)
February 1st, 2017 - 11:00 GMT

Airlines prepare for relocation to Jeddah's new airport

Egyptians consume an estimated 250,000 tons of sugar each month, according to Egypt’s Supply Ministry. (Shutterstock)
February 1st, 2017 - 10:00 GMT

Sugar high again: Egypt raises prices of subsidized sugar and cooking oil

The Shamoon malware that infected the ministry’s systems is believed to be responsible for a similar cyberattack on state oil giant Saudi Aramco in 2012.  (Shutterstock)
February 1st, 2017 - 09:00 GMT

A week on, Saudi labor ministry continues to face disruptions from cyber attack

In 2016, the Dubai market registered the highest RevPAR of $200, followed by Jeddah, which registered a RevPAR of $196. (Shutterstock/Esherez)
February 1st, 2017 - 08:00 GMT

Middle East hospitality market witnessed drop in RevPAR in 2016: EY

STC was assigned a global ranking of 252, rising 11 per cent during 2016 to $6.2 billion, as per Brand Finance's calculations.  (Rediff)
February 1st, 2017 - 07:00 GMT

Saudi Telecom voted most valuable Arab brand, bypassing UAE firms

In addition to electricity reform, the IMF report argued for increasing revenue with fuel taxation and called for legislation to increase private sector investment.  (Shutterstock)
February 1st, 2017 - 06:00 GMT

IMF calls for 'plausible policy mix' to reduce Lebanon's mounting debt

Prices of oil derivatives on the local market are calculated based on international prices, with the addition of other costs such as shipment, handling and taxes. (Shutterstock)
February 1st, 2017 - 05:22 GMT

Jordan hikes fuel prices by up to eight percent

Just like du, Virgin Mobile will use the network, IT and other infrastructure of EITC.  (AndroidHeadlines.com)
January 31st, 2017 - 01:10 GMT

Virgin Mobile to target niche market with UAE debut

Aviation relies on very skilled staff for almost all of the work that is done and the talent pool available is not infinite. (AFP/Don Emmert)
January 31st, 2017 - 12:00 GMT

Trump's visa ban to negatively impact aviation industry


Typically if a tenant decides to leave a property before the end of the contract, he/she pays around two or three months' worth of rent to the landlord. (Shutterstock)
January 31st, 2017 - 11:02 GMT

Oman: Short-term expat workers caught in debt by long-term tenancies

The labor office must consider finding alternative jobs for laid off Saudi staff at the current firm or any other firms belonging to the employer.  (AFP/Fayez Nureldine)
January 31st, 2017 - 10:05 GMT

Saudi labor ministry issues directive to prevent mass layoffs

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