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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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Detail of ancient arabic carving, La Alhambra, Granada, Spain. (Shutterstock)
January 31st, 2017 - 08:00 GMT

Growing interest in Islamic finance at European business schools

King Salman and Donald Trump discussed the importance of enhancing economic, security and military cooperation.  (AFP/Fayez Nureldine)
January 31st, 2017 - 07:00 GMT

Saudi Arabia's King Salman takes Trump's call, approves VAT and selective taxes

Event preparations are on track with the majority of construction activities to be completed a full year ahead of the event opening in October 2020.  (Flickr/Jimmy Baikovicius)
January 31st, 2017 - 06:00 GMT

Dubai's Expo 2020 to award $101M in construction and non-construction deals

Starbucks operates nearly 600 stores in 12 countries in the MENA, employing more than 10,000 staff through its trading partner Alshaya Group, a privately-run Kuwaiti company. (Wikimedia Commons)
January 31st, 2017 - 05:18 GMT

Starbucks pledges to hire 10,000 refugees in response to Trump's visa ban

Airbnb CEO Brian Chesky expressed his support to the Muslim and refugee community in a Facebook message.  (Airbnb)
January 30th, 2017 - 01:00 GMT

Airbnb CEO offers free rooms to those hit by Trump's travel ban

To meet its financing needs, Egypt has sought funding from a variety of sources, from development loans to foreign grants and aid. (Shutterstock)
January 30th, 2017 - 12:56 GMT

After success of $4B Eurobonds, Egypt considers yen and yuan

The UAE received more than 600,000 Russian tourists in the past two years and there are 56 weekly flights between the two countries. (Shutterstock)
January 30th, 2017 - 11:00 GMT

UAE courts Russian tourists with visa on arrival scheme


Renewables are projected to be the fastest growing fuel source, growing at an average rate of 7.6 per cent per year. (Shutterstock)
January 30th, 2017 - 10:00 GMT

Emerging markets are changing global demand for energy: BP

Protestors gather at Los Angeles International airport's Tom Bradley terminal to demonstrate against President Trump's executive order effectively banning citizens from seven Muslim majority countries. (AFP/Konrad Fiedler)
January 30th, 2017 - 09:00 GMT

Trump's visa ban: Gulf airlines forced to turn away US-bound passengers

Lebanon’s banking sector is seen as the backbone of the country’s economy and the assets held by the lenders are more three times the size of economy. (AFP/File)
January 30th, 2017 - 08:00 GMT

Lebanon's big savers: Half of customer deposits held by less than one percent of depositors

Schemes supported by the fund in Jordan are in the areas of energy, education, agriculture, water, roads and sewage networks. (Shutterstock)
January 30th, 2017 - 07:00 GMT

Jordan receives $14.1M from Kuwaiti Fund for Arab Economic Development

Saudi Arabia’s four major cities: Riyadh, Jeddah, Makkah and Medina produce about five million tons of waste products. (Shutterstock)
January 30th, 2017 - 06:01 GMT

Saudi Arabia decides some plastic is not so fantastic

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