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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 New Port project is considered to be the largest port development project in the world to be built on unused land. (Ship Technology)
April 6th, 2016 - 12:30 GMT

Doha's $7.5B New Port project set for completion in 2020

22 of the 28 aircraft ordered will be in the single-seat variant. (Wikimedia Commons)
April 6th, 2016 - 12:00 GMT

Kuwait to procure 28 Typhoon jets from Italy

Saudi Arabia’s General Authority of Civil Aviation (GACA) said Monday that Mahan Air was banned due to violations of local safety rules. (Wikimedia Commons)
April 6th, 2016 - 11:00 GMT

Iran downplays Saudi ban on Iranian airliners

The Panama firm is said to have helped three Syrian companies described by US authorities as supporting its repressive machine.  (AFP/Rodrigo Arangua)
April 6th, 2016 - 10:00 GMT

Panama Papers shine light on how Assad evaded sanctions with 'smokescreen' companies

King Salman's first official visit to Cairo follows Sisi's May 2015 visit to Riyadh. (AFP/File)
April 6th, 2016 - 09:00 GMT

Saudi's King Salman to finalize $22B in deals on first official visit to Cairo

Extra charges will bring added revenues to boost expansion, but may encourage travelers to fly elsewhere. (Airport Technology)
April 6th, 2016 - 08:00 GMT

Sharjah International Airport follows Dubai with introduction of departure fees

The amendments will be referred to the appointed State’s Council and then to the Council of Ministers for review before it is submitted to Sultan Qaboos for final approval. (Light and Style)
April 6th, 2016 - 07:09 GMT

Oman to bolster laws against terror funding

The Deputy Crown Prince noted that quick reforms brought the deficit from $250B to less than $100B last year. (Shutterstock/Fedor Selivanov)
April 6th, 2016 - 05:53 GMT

Saudi Arabia mulls reforms, US green-card system to help raise $100B a year

Some of the men charged are prominent activists who have been involved in anti-government protests. (Photo courtesy of The Daily Star/Hasan Shaaban)
April 6th, 2016 - 05:00 GMT

Lebanon: Eight charged over storming of Asharq al-Awsat office

Etihad Airways and Qatar Airways are yet to confirm when they will resume flights to Brussels. (File photo)
April 6th, 2016 - 04:25 GMT

Emirates to resume flights to Brussels April 15

Kuwait's first Four Seasons Hotel, Burj Alshaya will open in Kuwait Tower at the end of 2016. (The Big 5 Hub)
April 5th, 2016 - 12:00 GMT

Kuwait to invest $1B to encourage tourism

Edinburgh University, founded in 1582, is the sixth oldest university in the English-speaking world. (Wikipedia)
April 5th, 2016 - 11:00 GMT

Edinburgh University successfully passes motion to support BDS

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