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.
UAE-BRICS non-oil trade tops $312 billion
UAE Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi has taken part in a meeting of BRICS trade ministers in Jaipur, India, focused on strengthening trade and economic cooperation between member countries.
ADNOC affirms commitment to meeting customer requirements despite challenges
ADNOC says it remains focused on meeting customer needs despite challenging circumstances, following unprovoked attacks targeting its people and assets.
Meta ordered to pay $567 million in New Mexico for teen mental health fund
A New Mexico state court ordered Meta on Thursday to pay $567 million into a teen mental health fund and change how its platforms function for young users after finding the company is to blame for harming children's wellbeing.
UAE sets minimum excise price for e-cigarette liquids
The UAE Ministry of Finance has announced a new decision setting a minimum excise price for liquids used in electronic smoking devices and tools.
Meta apologises to India for restricting PM Modi's post
Meta Platforms' Chief Global Affairs Officer Joel Kaplan apologised to India's information technology minister for briefly restricting a post by Prime Minister Narendra Modi in July.
Abu Dhabi National Oil Company (ADNOC) has confirmed that one of its vessels was targeted by a missile while transiting the Strait of Hormuz early on Saturday.
Dubai Police has summoned a rider and impounded his bike for a release fee of AED50,000 after he posted videos online of his dangerous stunts while speeding at 290kmph.
The UAE has strongly condemned the Houthi attack on the Najran Region in Saudi Arabia.
