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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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The Arab Bank announced over a week ago that its net profits after taxes rose by 20 percent to $533 million in 2016 compared to $442 million in 2015. (File photo)
February 9th, 2017 - 06:00 GMT

Lebanon: Hariri family offloads 20 percent stake in Arab Bank for $1.12B

One of the perks of having your own desk at the office is the ability to personalize it in a way that makes you comfortable and more productive. (Shutterstock)
February 9th, 2017 - 05:30 GMT

Desk gadgets to help get you going

In addition to stadiums, Qatar is also undertaking huge and costly projects such as roads, a new airport and hospitals. (File photo)
February 9th, 2017 - 05:18 GMT

Qatar's World Cup 2022 splurge reaches nearly $500M a week

Start-ups and SMEs have limited resources and expertise when it comes to hiring. (Bayt)
February 8th, 2017 - 03:00 GMT

Advertise your job vacancies online for free with Bayt.com

The partnership will see the two setup the Professional Council for Tourism and National Heritage focused on boosting Saudization. (File photo)
February 8th, 2017 - 12:00 GMT

Saudization drive targets tourism sector

Oman Oil Marketing Company announces ahlain Rewards Campaign
February 8th, 2017 - 11:25 GMT

Oman Oil Marketing Company announces ahlain Rewards Campaign

Dubai Islamic Bank
February 8th, 2017 - 11:10 GMT

Dubai Islamic Bank issues us$ 1 Billion senior

OPEC countries agreed with exterior independent producers, including Russia, to reduce their product around 1.8 million barrels per day for six months starting from January.  (File photo)
February 8th, 2017 - 11:00 GMT

Oil production cut compliance rate hits highest level in history of OPEC

During the event
February 8th, 2017 - 10:22 GMT

DED confiscates 67.7 million pieces of counterfeit products in 2016 as move to protect trademarks gathers steam

‘DAMAC Hills’
February 8th, 2017 - 10:14 GMT

DAMAC Properties reaffirms position as luxury master developer with premier golf community ‘DAMAC Hills’

Etihad Airways
February 8th, 2017 - 10:03 GMT

A year of sustained growth for Etihad Airways in 2016 as it evolves into Etihad Aviation Group

The Lilyvale Solar Farm in Queensland is expected to begin operations towards the end of 2018. (Abdul Lateef Jameel Energy)
February 8th, 2017 - 10:00 GMT

Abdul Latif Jameel Energy's FRV seals deal for solar energy farm in Australia

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