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Ferrari
October 12th, 2025 - 11:12 GMT
Sally Shakkour

Sally Shakkour

Worst day in history! Ferrari loses around $14 billion in 1 day

ALBAWABA - Ferrari lost nearly $14 billion in market value in a single day after revealing plans to produce its first fully electric car. The Italian luxury sports car manufacturer's stock fell 16 percent to $77 billion in one day, marking its worst trading performance ever. This sharp decline came after the Italian luxury car company announced its new five-year plan and details of the Ferrari Electrica electric model, sparking ...
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The deal with the SGRF is part of a new $275-million capital raising by Kenmare. (Shutterstock)
June 23rd, 2016 - 09:00 GMT

Oman state fund invests $100M in Irish mining company

Microsoft CEO Satya Nadella met Deputy crown prince Muhammad Bin Salman in Silicon Valley on Tuesday. (AFP/File)
June 23rd, 2016 - 08:00 GMT

Saudis to receive computing tech training in new Microsoft deal

ADDED has destroyed 165,000 counterfeit and fake items seized during raids in recent months. (Pinterest)
June 23rd, 2016 - 07:00 GMT

Abu Dhabi cracks down on counterfeit goods

The EgyptAir flight was carrying 66 people on board including 30 Egyptians and 15 French nationals when it crashed on May 19 en route from Paris to Cairo. (AFP/Khaled Desouki)
June 23rd, 2016 - 06:00 GMT

EgyptAir to offer $25,000 to crash victims' families

The academy educates military and civilian personnel in public administration, management logistics, strategic planning and analysis, rule of law and governance. (Wikimedia Commons)
June 23rd, 2016 - 05:14 GMT

BH Defense lands $30.9M US Army contract for Iraq academy training

The Yemeni curriculum will be taught in coordination with the Yemeni Ministry of Education, with educational materials transformed into computer and television resources. (Tumblr)
June 23rd, 2016 - 04:47 GMT

Saudi Arabia supports e-learning for Yemeni students

Qatar's Mayhoola also owns the Valentino label. (AFP/File)
June 22nd, 2016 - 12:30 GMT

Qatar's Mayhoola buys Balmain fashion house

Experts warned that the Dead Sea is on course to dry out by 2050. (File photo)
June 22nd, 2016 - 11:30 GMT

Jordan: International firms line up for Red Sea-Dead Sea project as tender closes

Jordan's Wadi Mujib was declared a biosphere reserve by UNESCO in 2011. (Flickr)
June 22nd, 2016 - 09:30 GMT

HBTF, USAID to support tourism in Jordan with SME loans

The announcement by the airline came despite earlier statements by a regional BA official that flights might resume to Sharm El Sheikh in September. (Facebook)
June 22nd, 2016 - 08:30 GMT

Has British Airways abandoned Sharm El Sheikh forever?

Corneliani was founded in 1958 and is one of Italy’s longest standing independent brands. (Corneliani)
June 22nd, 2016 - 07:30 GMT

Bahrain's Investcorp acquires majority stake in Italian luxury menswear brand Corneliani

For Schlumberger, the deal follows more than a year of lackluster momentum in the side of the energy sector it services. (Schlumberger)
June 22nd, 2016 - 06:30 GMT

Egypt: Schlumberger secures $170M Zohr gas field contract

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