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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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Prices are expected to increase from 60 to 85 fils per litre for 91 octane, from 65 to 105 fils per litre for 95 octane and from 90 to 165 fils per litre for 98 octane. (File photo)
June 7th, 2016 - 05:00 GMT

Kuwait to raise fuel prices due to squeezed subsidy budget

The payments were made at the company’s head office in Hamadaniyah district in east Jeddah. (File photo)
June 7th, 2016 - 04:34 GMT

About time: Binladin Group pays off more workers

Barclays currently has 56 large branches in Egypt and is considering opening small branches. (Transdoc)
June 6th, 2016 - 12:00 GMT

Barclays pushes through with Egypt expansion despite bank sale

Jordan has set ambitious targets for the development of domestic shale, renewable energy and nuclear power. (Shutterstock)
June 6th, 2016 - 10:00 GMT

Power play: Jordan revs up on renewables

The new comprehensive and amended act will contribute to combatting money laundering and terrorist financing in addressing legislative shortcomings,. (Shutterstock)
June 6th, 2016 - 09:00 GMT

Oman gets tough on terror funding and money laundering

London's financial district featuring the neo-futuristic skyscraper known affectionately as the Gherkin. (Shutterstock)
June 6th, 2016 - 08:00 GMT

Gulf investors delay property deal decisions over Brexit fears

The announcement coincides with the visit of Indian Prime Minister Nardendra Modi to Qatar this week. (Pixabay)
June 6th, 2016 - 06:00 GMT

Qatar’s Al Sawari Holding enters Indian hotel market with deal near Taj Mahal

According to Muscat Municipality, the Central Vegetable Market in Mawaleh has received over 28,000 tonnes of fruits and vegetables to meet the needs of domestic consumers during Ramadan. (Times of Oman/Jun Estrada)
June 6th, 2016 - 05:00 GMT

Oman's fruit and vegetable prices skyrocket for Ramadan

This is Sheikh Hasina’s first visit to Saudi Arabia since King Salman was crowned king and head of government. (SPA)
June 6th, 2016 - 04:16 GMT

Bangladesh to send 500,000 workers to Saudi over two years

Bankers estimate that the value of the acquisition of HSBC Lebanon will range between $90 million to $100 million. (Facebook)
June 5th, 2016 - 11:00 GMT

HSBC Lebanon acquisition delayed by staff negotiations

Mums@Work is a venture that has spotted a gap in the UAE market for short term employment opportunities for women returning to work or accompanying expat spouses. (File photo)
June 5th, 2016 - 10:00 GMT

UAE employers eye part-timers in squeezed economy

Qatar Airways have always denied the allegations against them as have Emirates and Etihad Airways, the Gulf’s two other carriers the US airlines want blocked. (File photo)
June 5th, 2016 - 09:00 GMT

Qatar Airways pushes through with US expansion despite ongoing row

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