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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 index reflected an increase in “petty corruption” among some public servants, suggesting that corruption is no longer limited to those with influence and power.  (Shutterstock)
January 26th, 2017 - 08:00 GMT

Not squeaky clean, but Jordan improves ranking on anti-graft index

The project is aimed at helping ease travel for millions of religious pilgrims who visit the Iraqi city of Karbala each year.  (Adp-i)
January 26th, 2017 - 07:00 GMT

UK's Copperchase wins contract for Iraq's Mid-Euphrates Airport revamp

Libya aims to produce around 1.3 million barrels of oil per day by the end of this year and raise that to 1.6 million bpd by 2022. (AFP/Leon Neal)
January 26th, 2017 - 06:00 GMT

Libya opens up oil sector to foreign investment

Part of the famous Nubian sandstone quarries by Gebel el-Silsila in Upper Egypt has recently been made accessible to visitors by a short "tourist path". (Quarryscapes.no)
January 26th, 2017 - 05:10 GMT

Egypt appeals for $400M in World Bank project financing

The initiative – part of Dubai’s Plan 2021 – aims to increase the contribution of SMEs to the emirate’s GDP. (Shutterstock/Mikadun)
January 25th, 2017 - 12:00 GMT

Dubai introduces SME classification system to support financing

THe NBI was launched as “a forum for consultation and coordination among the Basin States for the sustainable management and development of the shared Nile water and related resources." (Shutterstock)
January 25th, 2017 - 12:00 GMT

Egypt mulls return to the Nile Basin Initiative

Headquarters of the Central Bank of Sudan. (CBOS)
January 25th, 2017 - 11:00 GMT

Abu Dhabi Fund donates $400M to Central Bank of Sudan

With Trump considering measures to tighten border security, he could turn his attention to the refugee issue later this week.  (AFP/Nicholas Kamm)
January 25th, 2017 - 10:00 GMT

Trump expected to issue executive order to block refugees from 'dangerous' Muslim countries


To score business conditions, the index looked at the strength of the service sector, urbanisation, security, foreign investment, wealth distribution, and the levels of bureaucracy and regulation confronted by businesses.
January 25th, 2017 - 09:00 GMT

Gulf countries dominate top ten on emerging market logistics index

The return to normalcy, election of the president and creation of a government will encourage investors and depositors to pump money in Lebanon again, an economist predicted. (File photo)
January 25th, 2017 - 08:00 GMT

Lebanon: Capital inflows expected to rise by 20 percent in 2017

The unique floating architectural structure is set to become a major future landmark in Dubai's cityscape. (Marasi)
January 25th, 2017 - 07:00 GMT

Dubai: Finland's Admares awarded contract for Marasi Business Bay's floating homes

The bonds will be listed on the Luxembourg Stock Exchange. (AFP/File)
January 25th, 2017 - 06:25 GMT

Egypt gears up for triple-tranche Eurobond issue

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