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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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Oman agents say that  investors with big money want to see a clear framework of buying, responsibilities and obligations which has not yet done. (Constructionweekonline.com)
April 14th, 2016 - 08:00 GMT

Oman's real estate agents appeal for framework to boost expat property sales

KRG Interior Minister says that Peshmerga fighters have not been paid for three months. (AFP/File)
April 14th, 2016 - 07:00 GMT

KRG running monthly deficit of $100M to fight Daesh

Aab opened a haute-couture high street store in East London in 2015. (Aabcollection.com)
April 14th, 2016 - 06:00 GMT

Global Muslim lifestyle market worth $1.7 trillion

The agreement aims to enhance the economic and trade relations between the two countries, and protect companies and individuals from direct or indirect double taxation. (Shutterstock/ISchmidt)
April 14th, 2016 - 05:00 GMT

UAE, UK sign treaty to end double taxation

The Organization of Petroleum Exporting Countries said its forecast for growth in world oil demand in 2016 was lowered by 50,000 barrels per day to 1.2 million bpd. (File photo)
April 14th, 2016 - 04:04 GMT

Oil prices slip as OPEC forecasts weaker demand

Al Waleed also holds majority shares in Twitter and Euro Disney. (AFP/File)
April 13th, 2016 - 12:00 GMT

Saudi Prince Al Waleed bin Talal injects $36M into the Arab film industry

The three power plants are slated for completion in 2018. (Shutterstock)
April 13th, 2016 - 11:00 GMT

Egypt secures $3.9B funding for 'world's largest' power plants

Similar ageist measures have been proposed in Kuwait. (Marcopolis)
April 13th, 2016 - 10:00 GMT

Bahrain: Proposal to ban expats over age 50 draws widespread criticism

Saudi Arabia said it was halting $4 billion in grants to the Lebanese military and security forces over what Riyadh perceives as “hostile” stances linked to Hezbollah and Iran at Arab League and Islamic conferences. (Yalibnan)
April 13th, 2016 - 09:00 GMT

Lebanon appeals for Egypt's help in reviving Saudi aid package

Saudi graduates of US universities are encouraged to return to the Kingdom upon graduation, but many prefer to remain overseas. (File photo)
April 13th, 2016 - 08:00 GMT

Number of Saudi scholarship students to US drops by 40,000

Tiran and Sanafir are hot spots for both Egyptian and foreign scuba diving hobbyists. (Flickr/Derek Keats)
April 13th, 2016 - 07:00 GMT

Egypt's scuba diving tourism fears over loss of Red Sea islands

Saudi Arabia is reportedly seeking a bank loan of between $6B-$8B, in what would be the first significant foreign borrowing by the kingdom's government for over a decade. (File photo)
April 13th, 2016 - 06:00 GMT

Low oil continues to bite as Saudi suffers Fitch downgrade

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