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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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Lebanese Prime Minister Tamam Salam (R) and French President Francois Hollande shake hands as they give a joint statement following their meeting in Beirut on April 16, 2016. (AFP/Stephane de Sakutin)
April 17th, 2016 - 12:22 GMT

Lebanon appeals to Hollande to help resolve maritime border dispute with Israel

The North African country has repeatedly delayed a return to international debt markets after selling its first international bond in five years last June. (File photo)
April 17th, 2016 - 12:00 GMT

Egypt's international bond issue delayed

The conference also assessed the necessary steps required for takaful players to build the industry's financial strength. (File photo)
April 17th, 2016 - 11:37 GMT

Sharia-compliant insurance can be marketed to non-Muslims: Takaful conference

Essential food items and daily necessities will be VAT-exempt. (File photo)
April 17th, 2016 - 11:00 GMT

VAT in GCC: Inflation could drive up costs of doing business

Aon's Terrorism and Political Violence Map shows a rise in political violence and terrorism risks for the first time since 2013. (File photo)
April 17th, 2016 - 10:00 GMT

Which GCC countries are most at risk of a coup d'état?

Idaho State University. (Twitter)
April 17th, 2016 - 08:53 GMT

Saudi temporarily suspends Idaho scholarships in wake of harassment reports

Kuwait is introducing a new payroll scheme for all public employees and wants to include the country’s 20,000 oil workers. (File photo)
April 17th, 2016 - 08:39 GMT

Kuwait's ministry takes 'preventative measures' as oil workers strike

Reporters were allegedly prevented from taking photographs but many surfaced on social media. (AFP/Str)
April 17th, 2016 - 07:59 GMT

Egypt faces media blackout over Red Sea Islands protests

Iran has repeatedly rejected any limits on output before it production reaches pre-sanctions levels. (Shutterstock)
April 17th, 2016 - 04:13 GMT

Oil producers gather in Doha amid low expectations

Saudi Oil Minister Ali Al-Naimi. (Twitter)
April 14th, 2016 - 12:00 GMT

Saudi Arabia nixes talk of oil production cuts ahead of Doha meeting

Narcotics seized from two vehicles entering Jordan from Syria last month.  (Photo courtesy of Jordan Armed Forces-Arab Army)
April 14th, 2016 - 11:00 GMT

Raids on the up as Jordan combats drug smuggling

Five state-owned companies will be affected by the strike. (AFP/Yasser al-Zayyat)
April 14th, 2016 - 09:00 GMT

Kuwaiti oil union leader denies strike negotiations are underway

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