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Ferrari
October 12th, 2025 - 09:47 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 sale of Saudi Aramco is planned as soon as 2017 or 2018 and would in theory be five times larger than any initial public offering (IPO) in history. (File photo)
May 10th, 2016 - 09:00 GMT

Saudi Aramco plans listing in London, Hong Kong, and New York

Production of super grade petrol (M95) has significantly declined due to waning demand. (File photo)
May 10th, 2016 - 08:00 GMT

Oman pumps up the volume: 127 percent spike in output of normal grade petrol

Reductions by local lenders have totalled a combined 1,500 staff in 2016 and 2015, according to some estimates.  (Tectronicsme)
May 10th, 2016 - 07:21 GMT

Negative outlook for UAE banking as cost-cutting drive expected to continue

Emirates is the world’s largest operator of Airbus A380s. (Emirates)
May 10th, 2016 - 06:00 GMT

UK's Investec Bank seals $1B finance deal for Emirates Airbus A380s

A large number of approvals are needed to hire a teacher, and the process is time consuming. (Times of Oman)
May 10th, 2016 - 05:00 GMT

Oman: Expat visa delays prompt teacher shortage

The Hatrurim oil reservoir covers 94 square kilometers of the Dead Sea area. (Vimeo)
May 9th, 2016 - 12:00 GMT

Dead Sea oil find in Hatrurim field 'entirely within Israel' says energy firm

The US report considers the proliferation of counterfeit pharmaceuticals that are manufactured, sold and distributed in Lebanon a continuing concern. (Pixabay)
May 9th, 2016 - 11:00 GMT

Egypt, Lebanon, Kuwait on US 'priority watch' list for copyright violations

The World Bank aims to end routine gas flaring at oil production sites around the world by 2030. (Shutterstock)
May 9th, 2016 - 10:00 GMT

Iran wastes $3.5B a year in natural gas flaring

The company has completed the formalities to transfer residence permits of more than 15,000 workers allowing them to join other companies. (File photo)
May 9th, 2016 - 09:00 GMT

Saudi's Binladin Group to pay delayed salaries of 10,000 workers by end May

The department's Building Classification System, or BCS, has so far enabled the surveying of 20,000 plots of land, and more than 120,000 units including apartments, offices, retail, schools and public amenities. (File photo)
May 9th, 2016 - 08:00 GMT

Star-powered: Dubai unveils new building ratings system

Khalid Al-Falih had a 25 year career with Saudi Aramco, including six years as its CEO.  (AFP/Fayez Nureldine)
May 9th, 2016 - 07:00 GMT

Same old: New Saudi oil minister to maintain current policies

The Etihad Aviation Group now employs more than 27,000 people. (File photo)
May 9th, 2016 - 06:00 GMT

Etihad Airways unveils new management structure

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