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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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Sudan’s official application to join the most powerful legislative and judicial body regulating international trade has been delayed for more than 22 years for political and economic reasons. (File photo)
June 22nd, 2016 - 05:50 GMT

Sudan moves closer to joining WTO

Staycations allow travellers to focus expenditure on the stay versus the journey. (File photo)
June 21st, 2016 - 12:00 GMT

UAE residents stay to play: 'Staycations' are a rising trend

The IWI Tavor assault rifle, widely exported worldwide, on display at an arms fair. (IWI)
June 21st, 2016 - 11:00 GMT

Israeli lawmakers back bill to restrict sale of arms to 'countries violating human rights'

Oman wants to replicate the success of waterparks in its neighbouring countries. (Shutterstock/Olga Vasilyeva)
June 21st, 2016 - 10:00 GMT

Oman to make a splash with plans for new waterpark in Muscat

Mohammad Al-Mojil Group is one of the largest of Saudi Arabia's construction companies. (Arab News)
June 21st, 2016 - 09:00 GMT

Saudi contractor MMG's entire board resigns after jail sentences, fines

The AfDB is set to loan Egypt a total of $1.5 billion over the course of three years.   (F. Dubessy)
June 21st, 2016 - 08:00 GMT

Egypt appeals to African Development Bank to release $500M loan

A roller coaster at Six Flags Magic Mountain, California. (Go California)
June 21st, 2016 - 07:00 GMT

Six Flags over Saudi: US company announces theme park partnership

The Dubai World Central will host Dubai’s future mega airport Al Maktoum International and Expo 2020. (Skyscraper City)
June 21st, 2016 - 06:00 GMT

UAE approves land ownership for foreigners in Dubai World Central

Al Bawaba
June 21st, 2016 - 05:00 GMT

Hundreds of workers face serious salary delays in Oman

Egypt's telecoms regulator has approached three companies that currently offer mobile services in Egypt about applying to buy 4G licences but did not give details or prices. (Itp.net)
June 20th, 2016 - 12:00 GMT

Orange Egypt mulls $400M 4G license offer

Rumaila, one of the world's largest oil fields, began production in 1954. (Iraqenergy.org)
June 20th, 2016 - 11:00 GMT

Amec Foster Wheeler lands BP Iraq oil field contract

The Very Large Crude Carrier (VLCC) MV Sirius Star which was captured by Somali pirates in 2008 en route from Saudi Arabia to the United States via the Cape of Good Hope. (Wikipedia)
June 20th, 2016 - 10:00 GMT

Egypt charging oil tankers $155,000 to transit through Suez Canal

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