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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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From January, Starz Play will have access to hit TV shows such as superhero show The Flash, fantasy comic series DC’s Legends of Tomorrow, action-adventure Supergirl, and the mysterious crime drama Blindspot. (Screenshot)
January 23rd, 2017 - 11:30 GMT

Starz Play Arabia expands portfolio with landmark Warner Bros deal

HyperloopTT chairman and co-founder Bibop Gresta said the backing meant the company had surpassed $100m in investment. (Live science)
January 23rd, 2017 - 10:30 GMT

Abu Dhabi-Al Ain hyperloop route gets royal backing

The SABIC-Shell joint venture includes six world-scale petrochemical plants with a total output of more than 4m metric tons per year. (File photo)
January 23rd, 2017 - 09:30 GMT

SABIC buys out Shell's share in petrochem joint venture

In April of 2016, Saudi Arabia said it was considering a US-style green card system to help reduce remittances. (File photo)
January 23rd, 2017 - 08:30 GMT

Saudi Arabia denies levy on expat remittances

The proposed securities law will allow more freedom to agencies like Muscat Securities Market and Muscat Clearing and Depository Company.  (Times of Oman)
January 23rd, 2017 - 07:30 GMT

Oman's stock market watchdog proposes new securities law

Under the December 10 agreement, producers will lower output by nearly 1.8 million barrels per day (bpd) aiming to ease a global glut that has weighed on oil prices for more than two years.  (AFP/Joe Klamar)
January 23rd, 2017 - 06:30 GMT

OPEC launches oil cut compliance committee

This year will also see Bvlgari opening hotels in Beijing and Shanghai, which will be followed by a Moscow presence in 2018-19.  (MyLuxury.it)
January 23rd, 2017 - 05:31 GMT

Bvlgari apartments to bring a touch of bling to Dubai's Jumeirah Bay Island

“If you include Turkish and Iran Air, the order book comes to a massive 1,058 passenger aircraft,” said Maurice Faber, regional managing director of Olympus Middle East and Africa. (File photo)
January 22nd, 2017 - 01:30 GMT

MENA airlines boost fleets by 650 aircraft

Mubadala has interests in aerospace, oil and gas, semiconductors, information and communications technologies, utilities, capital investments, real estate and infrastructure.  (Mubadala)
January 22nd, 2017 - 12:28 GMT

Abu Dhabi's Mubadala, IPIC merger formalized to create investment powerhouse

Led by Saudi Arabia, all GCC countries are facing mounting deficit due to the plunging oil revenue.  (Shutterstock/Clicksahead)
January 22nd, 2017 - 10:00 GMT

Oman's budget deficit reaches $12.7B


Deal making in the finance and consumer goods sectors will drop slightly in 2017 before rebounding in 2018. (Shutterstock)
January 22nd, 2017 - 09:00 GMT

MENA M&A activity to see uptick over next four years: Baker McKenzie

There’s probably less risk appetite in MENA than there is in other parts of the world, with people wanting to invest more in a proven business model than in a start-up.  (Shutterstock)
January 22nd, 2017 - 08:00 GMT

Middle East start-ups still struggling to secure funding

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