Middle-east Arab News Opinion | Asharq Al-awsat

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Monarch Airlines aircraft are pictured on the tarmac at Birmingham Airport. Pic: AFP

Monarch Airlines Goes Bankrupt

by Asharq Al-Awsat | Oct 3, 2017 | World

London- Britain’s Monarch Airlines collapsed on Monday, causing the cancellation of all its activities and around 300,000 flights. It marooned more than 100,000 tourists abroad, prompting what was billed as the country’s biggest peacetime repatriation effort. The...

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People walk past Toys R Us in Times Square the day after Christmas in the Manhattan borough of New York, U.S., December 26, 2015. REUTERS/Carlo Allegri/File Photo

Toys “R” Us Files for Bankruptcy

by Asharq Al-Awsat | Sep 22, 2017 | Business

Toys “R” Us Inc (IPO-TOYS.N) has filed for bankruptcy protection in a United States court, the company said, amid heavy debt and a tough environment for bricks and mortar stores. The Chapter 11 filing by the biggest US toy store chain, to restructure $5...

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An emblem of the Central Bank of Yemen is seen on the bank’s gate in Sanaa August 24, 2016. REUTERS/Khaled Abdullah

Yemen : Insurgents’ War Efforts Leads to Bankruptcy

by Asma Al-Ghabiri | Dec 27, 2016 | Business

Jeddah – Banks under control of insurgent militias are on the brink of bankruptcy, according to financial experts. Economical and financial experts stressed that the deposits that were supposed to be in the banks, are now in danger shall the government not intervene...

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Russia to Cut Expenses by 10% to Avoid Bankruptcy

Russia to Cut Expenses by 10% to Avoid Bankruptcy

by Asharq Al-Awsat English | Jan 14, 2016 | Business

As fuel prices collapsed, the Russian government announced it was preparing to cut its expenses by 10 per cent in order to avoid bankruptcy of the country, similar to what happened in 1998. “The basic principle of our policy remains that it must live within its means,...

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Protesters march outside the Theodore Levin United States Courthouse, in Detroit, Wednesday, July 24, 2013. (AP Photo/Paul Sancya)

Opinion: The North, the South, and the Bankrupt

by Hussein Shobokshi | Jul 25, 2013 | Opinion

All of a sudden, one of the largest American cities announces that it is bankrupt. Detroit, known “The Motor City,” or “Motown” for short, is the capital of the US automobile industry and the heart of African-American music. It declared...