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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 independent Australian-based Dunmore Consulting company estimates that the Hatrurim area contains from seven to eleven million barrels of oil. (Wikimedia Commons)
May 2nd, 2016 - 04:00 GMT

Israel's Dead Sea oil find reportedly worth $1.2B

Egyptian President Abdel-Fattah El-Sisi announced the allocation on Thursday at a Labour Day celebration.  (Parlmany)
May 1st, 2016 - 03:45 GMT

Egypt's President Sisi announces $11.2M emergency workers' fund

The new power plant will be located 15km south of the capital Doha, adjacent to Qatar Economic Zone.  (Siemens)
May 1st, 2016 - 12:00 GMT

Qatar: Siemens signs 25 year service contract for major power plant

In recent months, gasoline prices in Bahrain have been raised by nearly 60 percent. (File photo)
May 1st, 2016 - 11:00 GMT

IMF warns Bahrain more efforts needed to bridge deficit

Etihad and partners Alitalia, Jet Airways, airberlin, Air Serbia, Air Seychelles, NIKI and Etihad Regional will help fashion’s insiders arrive, connect and present at the industry’s key moments throughout the year. (Twitter)

(Twitter)
May 1st, 2016 - 09:00 GMT

Etihad Airways signs new global fashion week sponsorship agreement

Oman envisages Ras Markaz to be one of the largest oil storage hubs worldwide. (Shutterstock)
May 1st, 2016 - 07:00 GMT

Oman seeks $400M to develop oil storage terminal in Ras Markaz

Employees of the Saudi Binladin Group are seen at work in Mecca. (SPA)
May 1st, 2016 - 04:00 GMT

Saudi Arabia: 50,000 sacked Binladin Company workers to fight against unpaid salaries

Qatar National Bank is one of the largest banks in the Middle East and the largest lender in MENA by assets. (Wikipedia)
April 28th, 2016 - 11:00 GMT

Qatar National Bank launches probe into alleged data leak

Kuwait has announced plans to lay off 'unnecessary' expat employees in an effort to reduce the number of expatriates in the country. (File photo)
April 28th, 2016 - 10:00 GMT

Kuwait hikes expats' electricity and water charges

Dubai's real estate developers are expected to continue seeing robust revenues despite the challenges.  (Realestatedubaiproperty.com)
April 28th, 2016 - 09:00 GMT

No signs of improvement for UAE's realty sector: S&P

The Dubai Forum was hoped to be a chance for the ministry to woo tourist companies back to Egypt after the slump in touristic trade Egypt has suffered from in the last few years.  (File photo)
April 28th, 2016 - 08:00 GMT

Major German tour operator suspends Egypt trips due to 'arrogance of Egypt's tourism minister'

Dubai's 'Museum of the Future' will be built in 2017 using 3D printing construction techniques. (3D print)
April 28th, 2016 - 07:00 GMT

Dubai: A quarter of buildings will 3D printed by 2030

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