Iceland's Wow Air has ceased operations and cancelled all flights, leaving thousands of passengers stranded.
On Thursday morning, Wow said on its website: “Wow Air has ceased operation. All Wow Air flights have been cancelled."
WOW Air is the latest casualty among budget airlines, after efforts to raise more funds failed.
"I will never forgive myself for not having acted earlier," WOW CEO and founder Skuli Mogensen wrote in a letter to the company's 1,000 employees.
Expo City Dubai issues UAE’s first green licences
Expo City Dubai has issued its first 'Green Licences' to six businesses, including small-sized social enterprises and multinational organisations, as it works towards establishing its Green Innovation District.
ADNOC Distribution to acquire South African fuel network in $1 billion deal
ADNOC Distribution will fully acquire Shell Downstream South Africa (SDSA) in a $1 billion deal that will allow the Abu Dhabi company to own its 580 fuel sites.
US judge rejects Elon Musk's bid to set aside Twitter fraud verdict
A federal judge on Monday rejected Elon Musk's bid to void a jury verdict finding that the world's richest person defrauded Twitter investors by trying to drive down the social media company's stock price after agreeing to a $44 billion takeover.
OPEC+ approves further output increase as Hormuz exports start to recover
OPEC+ has agreed a further increase in output targets from August, the group said in a statement on Sunday, adding to global supply at a time when oil prices are falling due to the gradual reopening of the Strait of Hormuz for oil exports.
UAE thwarts advanced cyberattacks targeting financial sector
The UAE Government's Cyber Security Council (CSC) said on Friday it has successfully countered a series of advanced cyberattacks targeting the country's financial sector.
Somewhere Down The Road
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Classic
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Baby Come Back
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For beginners, what are the main differences between padel, tennis, and badminton?
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What inspired them to take photography seriously here in the UAE?
