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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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Saudi Aramco plans to sell less than 5 percent of the company via an initial public offering. (File photo)
April 28th, 2016 - 06:00 GMT

Saudi Aramco outlines financial plan to become 'a global industrial conglomerate'

THAAD, or Terminal High Altitude Area Defense is an anti-ballistic missile system designed to shoot down ballistic missiles using kinetic energy. (Defensetalk.net)
April 28th, 2016 - 04:52 GMT

Qatar's budgetary pressures may delay $6B Lockheed missile deal

Internet speed is faster in Syria than in Lebanon. (Shutterstock)
April 27th, 2016 - 11:45 GMT

Who's fast and who's last? MENA's internet speed rankings

The disparity in bonuses and benefits being paid to various employees, created discrimination and dissatisfaction among employees. (File photo)
April 27th, 2016 - 10:00 GMT

Oman cracks down on 'disparate' public sector employee perks

France’s 2003 Lellouche law has been applied to punish Boycott, Divestment, Sanctions (BDS) activists for seeking to damage Israel’s economy. (Twitter)
April 27th, 2016 - 09:00 GMT

Credit Mutuel bank caught in the crossfire of transatlantic BDS laws

Due to oversupply around the world and low global demand, crude oil prices began falling in June 2014 from $115 per barrel.  (File photo)
April 27th, 2016 - 08:00 GMT

Hope on the horizon as World Bank forecasts oil price rise to $41 a barrel

Jordan's Finance Minister warned that the forecast for economic growth is around 2.7 per cent this year, which is below the 3.5 per cent forecast in the state budget. (Flickr/Andrew E Larsen)
April 27th, 2016 - 07:00 GMT

Jordan to renegotiate IMF loan in May, new reforms will make it 'a tough year'

The Qatar Airways chief claims the delay in taking delivery of the A320neos has hurt the airlines growth by more than 5 per cent. (Twitter)
April 27th, 2016 - 06:00 GMT

Qatar Airways may scrap $6.4B Airbus order over engine cooling issues

A number of agreements will be signed during the forum to increase investment and trade volume between the two countries. (Egyptian Presidency)
April 27th, 2016 - 05:03 GMT

Bahrain, Egypt sign 11 MoUs during King Hamad's visit to Cairo

The 63-storey hotel was evacuated during the fire, which was caused by an electrical short circuit. (File photo)
April 27th, 2016 - 04:41 GMT

UAE: Emaar Hospitality announces expansion, delays fire-ravaged Address hotel opening

Vision 2030's emphasis on privatization of state assets is designed to help wean the economy away from oil dependency. (File photo)
April 26th, 2016 - 01:00 GMT

Saudi Vision 2030: A breakdown of the sweeping reforms

The railway will begin from Kuwait City and will pass through Dammam via Bahrain and  Qatar through Salwa border point.  (Shutterstock)
April 26th, 2016 - 12:00 GMT

Pan-GCC rail will create more than 80,000 jobs

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