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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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Moody's said Oman currently has the highest subsidies for residential consumers of electricity and Dubai has the lowest based on the actual cost per kilowatt hour (kWh). (File photo)
March 30th, 2016 - 10:00 GMT

GCC subsidy reform will strengthen utility sector's credit: Moody's

The Embraer EMB 314 Super Tucano or A-29 is a turboprop aircraft is used for pilot training, light attack, counter insurgency, close air support, and aerial reconnaissance missions. (Wikipedia)
March 30th, 2016 - 09:00 GMT

Lebanon to receive six US aircraft originally part of canceled Saudi deal

Nasser A. Alsowaidi and Samir Brikho at a meeting of The UAE-UK Business Council in Abu Dhabi last December.  (File photo)
March 30th, 2016 - 08:00 GMT

UAE, UK set ambitious new bilateral trade goal of $35B by 2020

Rafik Hariri International Airport in Beirut. (File photo)
March 30th, 2016 - 07:00 GMT

Lebanon: $24M funding shortfall to finance airport security upgrades

The alleged hijacker disembarks before surrendering to security forces after a six-hour standoff on the tarmac at Larnaca airport's largely disused old terminal on March 29, 2016. (AFP/George Michael)
March 30th, 2016 - 05:00 GMT

EgyptAir hijack rules out early resumption of Russian flights

All newspapers in Lebanon are suffering from a financial crisis due to higher costs and lower revenues. (File photo)
March 29th, 2016 - 02:00 GMT

Lebanon's Al Safir newspaper gets a stay of execution, put pessimism pervades

Funding for Gaza’s fuel taxes were cut by nearly 50 percent. (File photo)
March 29th, 2016 - 01:00 GMT

Unpaid bills leave Gaza in the dark

Production will begin as an assembly facility and move gradually towards manufacturing automobiles. (File photo)
March 29th, 2016 - 11:00 GMT

Iran Khodro production to begin in Oman by next year

Israel was formerly an importer of gas, but has recently established itself as an exporter following the discovery of the Leviathan offshore deposit and Tamar fields in 2009. (File photo)
March 29th, 2016 - 11:00 GMT

Israel court ruling jeopardizes regional gas export deals

Most of Tanzania's gas discoveries have so far been made in deep-sea offshore blocks. (Tanzania Petroleum)
March 29th, 2016 - 10:00 GMT

Dubai's Dodsal Group makes major gas find in Tanzania

SAGIA has given former investors two years to comply with the new regulations.  (AFP/Omar Salem)
March 29th, 2016 - 09:00 GMT

Foreign firms face new 75 percent 'Saudization' regulation

Bank of Muscat Headquarters (Times of Oman)
March 29th, 2016 - 08:00 GMT

Bank Muscat gains approval to open Tehran branch

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