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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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A Palestinian boat made of recycled bottles. (AFP/File)
April 4th, 2016 - 07:10 GMT

Gaza fishing zone extended by nine nautical miles

Passengers leave an EgyptAir Airbus A-320 after it was hijacked after leaving Alexandria for Cairo and diverted to Cyprus on March 29, 2016. (AFP/George Michael)
April 4th, 2016 - 06:36 GMT

What will restore confidence in Egypt's airport security?

11.5 million tax documents leaked from Mossack Fonseca allegedly exposes the secret offshore dealings of world leaders and celebrities. (AFP/Rodrigo Arangua)
April 4th, 2016 - 04:31 GMT

Mubarak, Assad, celebrities allegedly implicated in 'Panama Papers' data leak

Abu Anwar al-Canadi, a 23-year-old Canadian who appeared in a Daesh propaganda video last year is reportedly among five Canadians killed fighting with the militant group in Syria. (AFP/File)
April 3rd, 2016 - 12:30 GMT

Which countries export the most foreign fighters to Daesh?

Damac is pursuing business interests outside of the Middle East for political reasons. (Shutterstock)
April 3rd, 2016 - 11:44 GMT

After London, Damac eyes US market

In addition to lower fares, many hotels in Beirut and the mountains have reduced rates by up to 40 percent. (Le Royal)
April 3rd, 2016 - 10:00 GMT

Lebanon woos Jordanian tourists with reduced airfares and hotel rates

World leaders arrive to take part in the Nuclear Security Summit family photo at the Walter E. Washington Convention Center on April 1, 2016 in Washington, DC.  (AFP/Stephane de Sakutin)
April 3rd, 2016 - 09:00 GMT

Saudi Arabia pledges $10M for nuclear terrorism combat center in Vienna

A previous ban on rice exports was lifted in October due to an expected surplus.  (Al Waled)
April 3rd, 2016 - 08:00 GMT

Egypt to introduce rice export ban to preserve local stock

The alleged culprits were previously arrested for riots during trash protests.  (Photo courtesy of The Daily Star/Hasan Shaaban)
April 3rd, 2016 - 07:00 GMT

Beirut office of Saudi-owned Asharq al-Awsat daily ransacked over cartoon

The parents of Italian student Giulio Regeni hold a banner reading ''Truth for Giulio Regeni'' during a press conference in Rome March 29, 2016.  (AFP/Andreas Solaro)
April 3rd, 2016 - 06:00 GMT

Italian tourism association halts Egypt promotion pending 'clarification' into Regeni death

The report highlighted abuses by small, allegedly unvetted sub-contractors, brought in to work on the Khalifa Stadium. (AFP/Marwan Naamani)
April 3rd, 2016 - 05:00 GMT

Qatar vows probe into Amnesty's allegations

Deputy Crown Prince Mohammed bin Salman.  (File photo)
April 3rd, 2016 - 03:48 GMT

Saudi investment fund to be worth more than $2 trillion after Aramco IPO

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