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BUSINESS

BUSINESS latest

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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Commander Rebecca Rebarich, a Pentagon spokeswoman, stated on Friday that the US Central Command (CENTCOM) was specifically looking to reimburse about $36.8 million for fuel costs and $294.3 million for flight hours, which were not included in the initial bills and were therefore paid for with taxpayer money. (Shutterstock)
December 16th, 2018 - 07:36 GMT

Saudi, UAE to Pay the US $331 Million for Air Refueling "Accounting Error"

A MoU was also signed to extend the Saudi grant for maintenance of the King Abdulaziz Mosque in the Tunisian capital of Tunis. (Shutterstock)
December 16th, 2018 - 07:25 GMT

Saudi, Tunisia Sign MoUs Targeting Development and Agriculture

The first phase of the project, scheduled for completion in the first quarter of 2022, will include up to 3,000 hotel rooms, an airport to serve the destination, and yacht marinas, as well as residential properties and recreational facilities. (Shutterstock)
December 16th, 2018 - 07:10 GMT

Saudi Arabia Has High Hopes on Red Sea Tourism Projects. Will They Pay Off?

From the meeting
December 16th, 2018 - 07:08 GMT

Dubai FDI Showcases Dubai’s Strategic Advantages in Spain

The new financing replaces Emirates Steel’s outstanding secured debt with a corporate financing structure reflecting the established nature of the company.
December 16th, 2018 - 06:58 GMT

Emirates Steel Finalizes $400 Million Murabaha

The currency recovered most of its losses after significant tightening by the country's central bank. (Shutterstock)
December 16th, 2018 - 06:46 GMT

Fitch Is Not Optimistic About Turkey's Economic Outlook

Turkish Parliament Speaker Binali Yildirim noted Turkey’s place among the world’s top 20 economies. (Shutterstock)
December 16th, 2018 - 06:35 GMT

Turkey Aims to Increase Exports to $200 Billion

Oman Oil Marketing Company- Optimo Roadshow
December 16th, 2018 - 06:34 GMT

Oman Oil Marketing Company Rolls-Out Special Optimo Engine Oils Roadshow in Mabela Industrial Area

The conference is part of Burgan Bank’s one-year sponsorship of Vigor Events, founder of the Knowledge Club.
December 16th, 2018 - 06:14 GMT

Burgan Bank Employees Successfully Conclude Participation in the ‘Productivity, Engagement & Peak Performance’ Conference

Turkish Airlines Reached 81.4 Percent Load Factor in November 2018
December 16th, 2018 - 05:59 GMT

Turkish Airlines Reached 81.4 Percent Load Factor in November 2018

The EQUATE Group CFO Dawood Al-Abduljalil
December 13th, 2018 - 01:01 GMT

Equate Group Completes Its Facilities’ Amendment and Extension Exercise

Etihad Airways has a number of travel tips and reminders to save time
December 13th, 2018 - 12:48 GMT

Etihad Airways Travel Advice for 2018 Winter Holidays

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