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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 Dh2.1billion project comprises four lanes in both directions. (Shutterstock)
June 2nd, 2016 - 04:31 GMT

New Abu Dhabi-Dubai highway to open by end of 2016

Oman is expected to post an OMR 3.3bn ($8.6bn) budget deficit this year due to lower oil revenues. (Scenoplus)
June 1st, 2016 - 11:00 GMT

Oman’s corporate tax hike hopes to boost coffers by $650M

A number of smaller producers had become overly dependent on oil as a source of revenue, when prices were high, and did not make efforts to diversify their economies.  (Twitter)
June 1st, 2016 - 10:00 GMT

Smaller oil producers expected to follow the leader at OPEC meet

The GCC is one of the fastest growing markets in terms of visitors’ numbers and spending, and Britain is firmly placed among the top three European destinations for tourism. (Shutterstock/Cedric Weber)
June 1st, 2016 - 09:00 GMT

Barmy for Blighty: Record number of Gulf tourists visited UK in 2015

The Lebanese-Israeli maritime dispute should not derail Lebanon's oil exploration efforts in the Mediterranean.  (Shutterstock)
June 1st, 2016 - 08:00 GMT

Lebanon must push forward with oil and gas exploration

Gulf leaders arrived in Jeddah on Tuesday to attend the GCC’s 16th Consultative Meeting. (Arab News/Fouzia Khan)
June 1st, 2016 - 07:00 GMT

GCC leaders establish two new bodies to boost economic integration

Despite substantial international pressure to reform the treatment of migrant construction workers, reports continue to find workers facing conditions that may amount to those of slavery. (AFP/File)
June 1st, 2016 - 06:00 GMT

Dubious honor: Qatar places fifth on the Global Slavery Index

Etihad is planning to carry 19 million passengers this year, an increase on the 17.6 million in carried in 2015. (File photo)
June 1st, 2016 - 05:05 GMT

Etihad Airways freezes recruitment of non-operational staff

The anti-BDS movement has claimed several legal victories on university campuses across the US. (Facebook)
June 1st, 2016 - 04:18 GMT

Israel holds anti-BDS summit at the UN

Al Bawaba
May 31st, 2016 - 12:00 GMT

Proposed causeway would cut Saudi-Egypt travel time to 30 minutes

Sunrise on Point Cartwright, Sunshine Coast, Queensland, Australia. (Shutterstock)
May 31st, 2016 - 10:00 GMT

Dubai's Najibi opens Sanad Capital on Oz's Sunshine Coast

Lebanon’s budget deficit in the first four months of this year rose to 37.2 percent of spending compared to 33.75 percent in the same period last year.  (File photo)
May 31st, 2016 - 09:00 GMT

Lebanon's primary budget deficit increases 190 percent

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