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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 proposed solar project will create jobs of 1,000 people locally.  (File photo)
April 25th, 2016 - 05:30 GMT

Oman: German-funded mega solar project planned in Duqm

The 1.5 million sq ft park will have a two-month headstart over rival Dubai Parks and Resorts. (Raconteur.net)
April 25th, 2016 - 04:43 GMT

Dubai's IMG Worlds of Adventure theme park to open in August ahead of rivals

Friends of the Earth Middle East Director Gidon Bromberg stands at the shore of the Dead Sea. (Waterworld)
April 24th, 2016 - 09:00 GMT

Jordan extends deadline for Red Sea-Dead Sea project bid

Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi Deputy Supreme Commander of the UAE Armed Forces, and Abdel Fattah Al Sisi, President of Egypt.  (File photo)
April 24th, 2016 - 04:36 GMT

UAE approves $4B loan to boost Egypt's cash reserves

Tunisia is extending its focus to cultural and medical tourism in order to boost visitor numbers. (Pixabay)
April 21st, 2016 - 12:00 GMT

Tunisia's tourism stays afloat despite attacks

Once the Al Ain Wildlife Park and Resort project is completed, it will include an expansion of the safari, an elephant sanctuary, an Arab safari, and an Asian safari. (Pixabay)
April 21st, 2016 - 11:00 GMT

UAE: World's largest man-made safari park opens in Al Ain

The prospect of a syndicated loan of up to $10 billion and a potential Eurobond sale were factored into Fitch's projections when it downgraded Saudi Arabia to AA-Negative earlier this month. (File photo)
April 21st, 2016 - 10:00 GMT

Saudi's $10B loan may have structural benefit: Fitch

Arabtec has plans to build a million homes in Egypt, but is only in the initial stage of the first 13,000. (File photo)
April 21st, 2016 - 09:00 GMT

Arabtec to cut jobs, but plans profits next year

Bloomberg will be offering more localised content and feature regional talent for its Middle East platforms. (Capital New York)
April 21st, 2016 - 08:00 GMT

Abu Dhabi Global Market announces new partnership with Bloomberg Media

The aim is for the organisation to be sustainable and continually receive funding over the long term from companies. (File photo)
April 21st, 2016 - 06:00 GMT

UAE philanthropist Abdulla Al Ghurair launches $1.1B education fund

With oil prices down by approximately 65 percent compared to their mid-2014 levels, total earnings combined at the six companies declined 34 percent in 2015. (File photo)
April 21st, 2016 - 05:00 GMT

Negative outlook for oil companies as Fitch predicts 22 percent fall in earnings

In November, Russia issued an immediate suspension of all commercial flights to and from Egypt, pending a report on the status of security procedures at Egyptian airports. (File photo)
April 21st, 2016 - 04:15 GMT

US, Russia conduct Egypt airport security review

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