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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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Lebanon’s economy and infrastructure have been heavily impacted by the Syrian conflict and the resulting surge of refugees. (AFP/Joseph Eid)
January 10th, 2017 - 06:47 GMT

Lebanon launches crackdown on foreign labor

Qatar's tourism plan is supported by $40-45 billion worth of sector investment.  (Shutterstock)
January 10th, 2017 - 05:52 GMT

Qatar aims to attract nine million visitors annually under 2030 tourism strategy

Lebanon’s Cabinet has finally approved two crucial gas and oil exploration decrees, putting an end to the long-delayed matter in the Cabinet’s first meeting since winning a confidence vote.  (Shutterstock)
January 9th, 2017 - 01:00 GMT

Lebanon: Investment in infrastructure, education needed to develop oil sector

The key drivers to bond issuances in the GCC during 2016, which more than doubled to $66.5 billion, were primarily the sovereign bond issuances by Saudi Arabia, UAE and Qatar. (Shutterstock)
January 9th, 2017 - 12:00 GMT

Diving deeper: Gulf debt issuance to surge in 2017

Al Bawaba
January 9th, 2017 - 11:00 GMT

Jordan: Trade volume under Agadir agreement has decreased since 2011

Iran is now pumping 3.7 million barrels of crude oil per day and seeks to regain its market share of pre-sanctions levels of 4 million barrels per day. (File photo)
January 9th, 2017 - 10:00 GMT

Iran reaps rewards following OPEC production cut

Al Bawaba
January 9th, 2017 - 09:00 GMT

Abu Dhabi to host inaugural Atlantic Council Global Energy Forum

Investments will be made in Agility’s warehousing, freight, transport and specialty logistics solutions in Bahrain. (Pinterest)
January 9th, 2017 - 08:00 GMT

Bahrain: Agility to spend $10M on logistics hub expansion

Estimates suggest expats make up 70 per cent of Kuwait’s 4.4 million population. (Global Construction Review)
January 9th, 2017 - 07:00 GMT

Kuwait lawmakers call for deportation of one million expats over next decade

Saudi Arabia has already started construction for 35,770 rooms in 81 hotels, with 24,133 rooms being constructed in Mecca alone. (Pixabay)
January 9th, 2017 - 06:00 GMT

Saudi aims to boost religious tourism by 30 percent over next three years

Presently, an average of 700 to 1000 megawatts of electricity are being exported to Iraq. (Pixabay)
January 9th, 2017 - 05:00 GMT

Iran to extend sale of electricity to Iraq

Latest government statistics also reveal that the number of skilled expatriate workers coming to Oman is going down. (File photo)
January 8th, 2017 - 12:00 GMT

Oman's expat exodus: Trend for departures continues as economy slowdown bites

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