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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 minister's visit “is part of Saudi policies to find alternatives to oil". (Shutterstock)
May 5th, 2016 - 08:00 GMT

Saudi Arabia to cooperate with Sudan on Red Sea mineral exploration

Motiongate Dubai will open in October 2016 and include five zones including Sony Pictures studios and Dreamworks Animation.  (Twitter)
May 5th, 2016 - 07:00 GMT

Dubai Parks and Resorts begins trading shares on Dubai Financial Market

Vodafone Qatar has yet to turn a profit after breaking Ooredoo’s monopoly in the country in 2009. (Facebook)
May 5th, 2016 - 05:00 GMT

Vodafone Qatar follows rival Ooredoo with layoffs

The Tawke field accounts for 50 percent of the production and 60 percent of the total oil exports from the Kurdish north. (File photo)
May 5th, 2016 - 04:03 GMT

Kurdish oil payments help boost Norway's DNO investments in Northern Iraq field

Ships carrying humanitarian aid for the Gaza Strip already unload their cargo at Ashdod Port. (Wikipedia)
May 4th, 2016 - 12:00 GMT

Gaza imports: Ex-IDF commander proposes Palestinian terminal at Ashdod port

Around 220,000 Jordanians used to come to Lebanon by land but stopped visiting the country when the borders closed following the war in Syria. (File photo)
May 4th, 2016 - 11:00 GMT

Lebanon: Industry officials call for reduced airfares to boost tourism

Binladin is currently implementing massive projects worth a total of SR220 billion and is qualified to secure 15 projects valued at SR140 billion within the Kingdom and abroad. (File photo)
May 4th, 2016 - 10:00 GMT

Saudi's Binladin Group crisis: Is declaring banktruptcy the best option?

India's Wipro's all-women technology park in Saudi Arabia aims to create 21,000 jobs by 2025. (File photo)
May 4th, 2016 - 08:05 GMT

India's Wipro to open women's technology park in Saudi Arabia

The new BD300 fine for violating Bahrainisation laws was issued last month and is now in effect.  (Bahrain This Week)
May 4th, 2016 - 06:59 GMT

New government crackdown on firms abusing 'Bahrainisation' quotas

Almost 20 per cent of all tourists who visit Dubai include a desert experience. (Flickr/Creative Commons)
May 4th, 2016 - 06:25 GMT

Dubai introduces desert and camp tourism regulations

Alpen Capital forecasts the number of students in the regional education sector would increase to 15 million by 2020. (Twitter)
May 4th, 2016 - 06:04 GMT

GCC faces second highest teacher shortage in the world

 be limited to a lower percentage.

The new rules and their effective date will be published by the end of the first half of 2017. (File photo)
May 4th, 2016 - 04:11 GMT

Saudi stock market reforms to ease foreign investment

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