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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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Dubai and Abu Dhabi markets both closed in positive territory on Friday. (AFP/File)
April 10th, 2016 - 05:25 GMT

Gulf stocks expected to follow oil rally ahead of Doha meeting

The idea of a causeway between the two countries had been floated before, especially by ousted Egyptian strongman Hosni Mubarak, but never made it past the planning stage.  (AFP/File)
April 10th, 2016 - 04:08 GMT

Saudi Arabia to finance Red Sea bridge to Egypt

KTO has already recognized 140 eateries as halal restaurants. (YouTube)
April 7th, 2016 - 03:25 GMT

South Korea courts Muslim tourists with new halal certification system

The Russian ambassador claimed that archeological treasures were being smuggled through Turkey to be sold directly to buyers over the internet. (AFP/FIle)
April 7th, 2016 - 12:00 GMT

Trade in plundered antiquities nets Daesh $200M annually: Russia

At least eight prominent Middle East figures have been named in the leaked Mossack Fonseca data. (Twitter)
April 7th, 2016 - 11:21 GMT

Panama Papers whistleblower: A mystery man most wanted

The eurobond issue should be complete by the end of the month. (Photo courtesy of The Daily Star)
April 7th, 2016 - 10:05 GMT

Lebanon announces three banks to manage $1B eurobond issue

The closure of small groceries will mean the loss of vital conveniences for many. (Riyadh Connect)
April 7th, 2016 - 09:00 GMT

Shura council proposes Saudization policy for local grocery shops

Al Bawaba
April 7th, 2016 - 08:00 GMT

That's super rich: Millionaires continue to migrate to Dubai

The third phase of Sezad is expected to be completed within three years. (File photo)
April 7th, 2016 - 06:54 GMT

Oman: Kuwaiti company lands $200M contract for next stage of Duqm port development

Analysts have praised the collaboration, saying that it will lead to economic rationalization and cost effectiveness. (Shutterstock)
April 7th, 2016 - 05:58 GMT

Better together? Saudi oil rivals Aramco and Sabic rumored to be collaborating on joint refinery

The fourth round of the Jordanian-Kuwaiti joint commission will be held in Kuwait in May. (File photo)
April 7th, 2016 - 04:28 GMT

Jordan-Kuwait trade now worth $400M

Intense negotiations will begin to establish a timetable for reaching a settlement on the PA's total debt to IEC, which amounts to NIS 1.7 billion ($445M). (Electronic Intifada)
April 6th, 2016 - 01:00 GMT

Gaza power cuts: PA strikes deal with Israel over unpaid bills

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