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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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Bahrain Financial Harbour skyscrapers in Manama. (Shutterstock)
May 24th, 2016 - 12:02 GMT

Bahrain's Mumtalakat plans $400M in international investments

Russia's Sberbank has displayed interest in incorporating a specialized sector for Islam-based banking transactions. (Kiev Post)
May 24th, 2016 - 11:31 GMT

Major Russian banks to pilot Islamic banking principles

The opening of the Iranian TV market, a largely untapped market for pay TV business, is providing a wealth of opportunities for the regional operators. (Shutterstock)
May 24th, 2016 - 10:00 GMT

Glued to our screens: MENA's pay tv market earnings surge, subscribers expected to double

The country’s ceding to the union’s demands will be a blow to plans to include up to 20,000 oil workers under its new public payroll system as low oil prices hit coffers. (AFP/File)
May 24th, 2016 - 09:00 GMT

Kuwait caves in to striking oil workers' salary demands

The report did not disclose the names of the individuals or groups whose bank accounts were frozen, their nationalities, or amounts. (Shutterstock)
May 24th, 2016 - 08:02 GMT

Giving the game away: Lebanon lifts banking secrecy on 28 accounts

Israel restricts the entry of goods into Gaza out of fears they will be used to build tunnels, but Gazans desperately need cement for reconstruction. (AFP/Said Khatib)
May 24th, 2016 - 07:16 GMT

Israel revokes ban on cement deliveries to Gaza

Earlier this month Shuaa Capital announced a first-quarter net loss of Dhs 27.5 million. (Shuaa)
May 24th, 2016 - 07:05 GMT

Dubai's Shuaa Capital to lay off 15 per cent of workforce

Qatar is spending up to $200B on infrastructure required to host the tournament.(Yaeni)
May 24th, 2016 - 05:00 GMT

Qatar World Cup 2022: Nearly $20B in sport investments on offer

A total of $115 million has been allocated to complete the Jordan Gate project, of which 72 per cent is already finished. (Wikimedia Commons)
May 23rd, 2016 - 12:00 GMT

Construction on Amman's Jordan Gate towers to resume after eight-year halt

Last year, GE announced an investment of $100m in its research and manufacturing programmes in the kingdom. (Twitter)
May 23rd, 2016 - 11:45 GMT

Saudi Arabia: GE in $3B JV with SAIIC to support local manufacturing

Fitch indicated that Lebanon’s banking sector was among 15 banking systems that have a Banking System Indicator of “b”. (File photo)
May 23rd, 2016 - 10:45 GMT

Lebanon's banking sector rated at 'low-level of potential vulnerability': Fitch

Up to $200 billion is being spent on wider infrastructure required to host the World Cup. (Twitter)
May 23rd, 2016 - 09:28 GMT

Qatar World Cup stadium construction costs to hit $10B

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