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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 merger negotiations between CBC and AlNahar lasted nine months. (Scoop Empire)
May 26th, 2016 - 09:19 GMT

Egyptian satellite tv channels CBC and Al-Nahar put rivalry aside with merger

The IsDB and THY will also cooperate within the framework of the Parties’ Social Responsibility Program in the transportation and distribution of hajj meat provided to the poor, health, and education.  (Twitter)
May 26th, 2016 - 07:00 GMT

Turkish Airlines and Islamic Development Bank sign landmark deal

Etihad has embarked on a strategy of buying up stakes in airlines from Australia to Italy in bid to grow its network. (File photo)
May 26th, 2016 - 06:00 GMT

Etihad, airline partners raise $500M in financing

The development will include 2 square kilometres of residential units and create more than 200,000 jobs.  (Ventures on Site)
May 26th, 2016 - 05:00 GMT

Egypt: $3.6B Mountain View iCity to be built with Saudi partnership

Earlier this week, Reuters reported that the bank had cut 15 per cent of its workforce of 70 employees. (File photo)
May 26th, 2016 - 04:00 GMT

Dubai's Shuaa Capital downplays reports of layoffs

A study on pollution with the Regional Organization for the Conservation of the Environment of the Red Sea and Gulf of Aden (PERSGA), is expected to be released soon. (Arab News)
May 25th, 2016 - 12:00 GMT

Sewage on Jeddah's beaches exceeds international limits: Environmentalist

Al Bawaba
May 25th, 2016 - 11:00 GMT

Gulf banks' liquidity shortage worse than during financial crisis: Doha Bank CEO

Presenter Nicole Tannoury appears on the list of employees reportedly axed by Al Arabiya. (YouTube)
May 25th, 2016 - 09:17 GMT

Al Arabiya News sacks 50 staff, including veteran journalists

Under Algerian law, foreign channels must broadcast their content from abroad but dozens of satellite television channels have been broadcasting news and social programs from Algeria. (Twitter)



(Twitter)
May 25th, 2016 - 08:00 GMT

Algeria clamps down on over 50 'illegal' private satellite channels

Allegations about the UAE’s suitability to chair KP from the CSC were “strongly refuted and rejected” by the UAE.   (Shutterstock)
May 25th, 2016 - 05:00 GMT

UAE proceeds with Kimberley Process meeting amid controversy over its chairmanship

Iran continues to stress that it has no plans to freeze the level of its oil production and exports. (File photo)
May 25th, 2016 - 04:17 GMT

Oil recovery to $65 a 'fair price' to encourage investment: Qatari minister

The vote drew fire from BDS activists on Jordanian social media networks. (File photo)
May 25th, 2016 - 03:58 GMT

Jordan's parliament votes to allow Israel to buy into Jordanian investment Fund

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