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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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Jordan's port of Aqaba. (Voice of Djibouti)
April 5th, 2016 - 10:00 GMT

Palestine, Lebanon join Agadir free trade agreement

High profile Middle East figures named in the 'Panama Papers' investigation. (ICIJ)
April 5th, 2016 - 09:00 GMT

Panama Papers probe: Mossack Fonseca responds

Saudi's Ministry of Labor is conducting a consultation exercise before making a final decision on implementation of the proposal. (Hays)
April 5th, 2016 - 08:00 GMT

Saudi Arabia moves to ban expats from human resources jobs in private sector

Houthi rebels in Yemen. (AFP/File)
April 5th, 2016 - 07:46 GMT

Rise in global military spending driven by Middle East conflicts

Despite incentives offered, the government and local hotel industry was unable to recruit Israelis for the positions. (File photo)
April 5th, 2016 - 05:00 GMT

Israel to hire 500 Jordanian day workers for Eilat hotels

Nearly 14,000 workers on the Mall of Qatar site were evacuated safely. (Twitter)
April 5th, 2016 - 03:56 GMT

Investigation underway into Mall of Qatar fire as construction resumes

Barclays and National Bank of Ras Al Khaimah announced job cuts earlier this year. (Twitter)
April 4th, 2016 - 12:00 GMT

Emirates Islamic Bank to slash 200 jobs

The decision does not apply to cement imported for Gaza projects carried out by UNRWA. (File photo)
April 4th, 2016 - 11:00 GMT

Concrete action: Israel stops cement deliveries to private companies in Gaza

An agreement is expected to be signed with the Jordan Phosphate Mines Co. before the end of June to supply its industrial complex in Aqaba with all its natural gas needs. (Photo courtesy of Jordan Times)
April 4th, 2016 - 10:00 GMT

Jordan looks to natural gas to cut industrial costs

The DCCA replaced Dubai Technology and Media Free Zone Authority in 2014, and is responsible for growing creative industries in the emirate. (Shutterstock)
April 4th, 2016 - 09:38 GMT

Dubai's creative SMEs to get license fee exemptions, discounted visas

Deputy Crown Prince Muhammad Bin Salman meets with Bill Gates in Riyadh, 4 April 2016. (SPA)
April 4th, 2016 - 09:00 GMT

Bill Gates helps launch 'Shaghaf', Saudi's Philanthropic Fellowship Programme

Al Bawaba
April 4th, 2016 - 08:00 GMT

Jordan inaugurates $148M wind power project in Maan

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