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.
Over 7,000 new Indian companies join Dubai Chamber of Commerce
The Dubai Chamber of Commerce has registered 7,579 new Indian companies in the first half of 2026.
Fast-fashion giant Shein shrinks value to up to $27 billion in Hong Kong IPO
Shein aims to raise up to $1.8 billion in a Hong Kong IPO that values the fast-fashion retailer roughly 70 per cent below its private-market peak four years ago, with a slower growth outlook set to weigh on investor demand.
UAE-Russia services and investment agreement takes effect
An agreement aimed at boosting trade in services and investment between the UAE and Russia has officially come into force.
UAE backs closer tourism cooperation at BRICS meeting
The UAE has backed plans to strengthen tourism cooperation between BRICS countries at a ministerial meeting in Jaipur, India.
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