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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 monthly cost of cancer treatment in Oman's government hospitals can reach up to OMR30,000 per year per patient. (AFP/File)
April 11th, 2016 - 09:00 GMT

Oman bans all tobacco advertising

Lebanese Foreign Minister Gebran Bassil speaks during a press conference in Berlin, on May 6, 2014 (AFP/John MacDougall)
April 11th, 2016 - 08:00 GMT

Lebanon's FM downplays reports of mass Gulf deportations

Under the terms of the COP21 agreement, wealthier nations are expected to help finance the shift to a low-carbon economy from poor developing nations. (File photo)
April 11th, 2016 - 07:00 GMT

World Bank to invest up to $3.5B annually for renewable energy programs

Also announced during King Salman's visit to Egypt were an economic free-zone and housing, electricity, road and agriculture projects aimed at developing Sinai. (SPA)
April 11th, 2016 - 06:09 GMT

Egypt, Saudi Arabia ink $25B worth of investments during King Salman's visit

UAE's telecoms operators restrict the usage of VoIP services to protect their huge network investments. (File photo)
April 11th, 2016 - 05:00 GMT

du and Etisalat block Snapchat in the UAE

Ahava is regularly targeted by BDS protesters for operating in the West Bank. (File photo)
April 11th, 2016 - 04:18 GMT

China's Fosun Group takes over Ahava Dead Sea cosmetics for $77M

EU member states could vote on imposing sanctions on Egypt. (Wikimedia Commons)
April 10th, 2016 - 01:00 GMT

Italy could press for EU sanctions over Regeni murder case

The Jordan Renewable Energy and Energy Efficiency Fund (JREEEF) will spend JD4 million to support renewable energy projects for mosques. (File photo)
April 10th, 2016 - 12:30 GMT

Jordan: 2000 mosques to go green with solar power

Saudi nationals top the list of investors in Egypt with contributions in capital issued totaling $6.13B in 2016.  (SPA)
April 10th, 2016 - 12:00 GMT

Saudi Arabia’s $16B fund brings a much-needed cash injection to Egypt

Halal tourism destinations in Malaysia and Japan have grown rapidly. (Eat Halal)
April 10th, 2016 - 11:00 GMT

Indonesia designates ten provinces as halal tourist destination regions

King Salman was briefed on the restoration of the 1000 year old mosque and plans for the Islamic city. (SPA)
April 10th, 2016 - 07:54 GMT

Egypt: King Salman lays foundation stone at Saudi-funded 'Islamic city' at Al Azahar

The two UAE residents allegedly entered larger aggregate orders for gold and silver contracts on the Commodity Exchange Inc. (Comex) opposite smaller orders, and later cancelled the smaller orders. (Wikimedia Commons)
April 10th, 2016 - 07:00 GMT

Two UAE traders fined $2.69M by US court for illicit 'spoofing' practices

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