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.
DWTC gears up for packed calendar of events and exhibitions
Dubai World Trade Centre (DWTC) is gearing up for a busy September, with 14 major exhibitions and conferences taking place across DWTC and Dubai Exhibition Centre.
UAE, Egypt continue cooperation on Banque Misr branches
The Central Bank of the United Arab Emirates and the Central Bank of Egypt affirmed their full and continuous cooperation and coordination regarding the normal operation of Banque Misr branches in the United Arab Emirates.
UAE, Lebanon sign agreement to establish joint Business Council
The Federation of the United Arab Emirates Chambers of Commerce and Industry has signed a Memorandum of Understanding to establish the joint UAE–Lebanon Business Council.
UAE Central Bank orders urgent review of Banque Misr branches
The Central Bank of the UAE has issued an examination on Banque Misr branches in the country after US authorities reported a primary money laundering concern.
UAE lab-grown diamond trade hits record 76.9m carats
The United Arab Emirates has recorded its highest-ever lab-grown diamond volumes with 76.9 million carats traded in 2025.
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What are the rules and laws in the UAE regarding car modifications that every car owner should know?
