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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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Last year Geneina claimed that government corruption had cost the country 600 billion Egyptian pounds (76 billion dollars) over four years. (Cairo Post)

(Cairo Post)
March 29th, 2016 - 07:00 GMT

Sacked for doing their jobs? Sisi fires chief auditor, forcibly retires 32 judges

Airport departure tax and ground handling charges have also been raised recently.  (Twitter)
March 29th, 2016 - 05:12 GMT

Oman: Raised air traffic fees will have a domino effect

The Saudi labor ministry insists on feminization of all positions in the women's retail sector, including managerial jobs. (AFP/Amer Hilabi)
March 28th, 2016 - 02:00 GMT

Saudi retailers largely unprepared for 100 percent 'feminization' at women's shops

The gas outline agreement will be delayed at least two months as it goes back to battle in the Knesset. (File photo)
March 28th, 2016 - 01:12 GMT

Israel's High Court mows down Leviathan natural gas development framework

33 percent of the economic crimes were found to have been 'inside jobs'. (File photo)
March 28th, 2016 - 12:00 GMT

These are the most common financial crimes in MENA

Batman: The Ride, the world’s first suspended outside-looping roller coaster  at the Six Flags Great America theme park in Chicago. (Wikipedia)
March 28th, 2016 - 11:00 GMT

Financing for more fun: Dubai Parks & Resorts seeks funding for Six Flags theme park

The 100,000 houses and city infrastructure will be built in Alfursan, near Riyadh International Airport. (Aleqt)
March 28th, 2016 - 10:00 GMT

Daewoo, Korean consortium win $20B contract for construction of 100,000 Saudi homes

RAK and Abu Dhabi are seeking to attract Chinese tourists from Beijing, Shanghai, Shenzhen, and Guangzhou. (Twitter)
March 28th, 2016 - 09:00 GMT

Abu Dhabi and RAK tourism roadshow heads to China

Turkish Prime Minister Ahmet Davutoglu met with Jordan's King Abdullah II on Sunday 27 March 2016. (Instagram/Royal Hashemite Court)
March 28th, 2016 - 08:00 GMT

Turkey's Anadolu Agency and Jordan's Petra News Agency sign new deal

Egypt, which relies heavily on imports, has been facing a dollar shortage since a popular uprising in 2011 drove away tourists and foreign investors, both major sources of hard currency.  (File photo)
March 28th, 2016 - 07:00 GMT

More aggressive action: Egypt's Central Bank releases $22B to clear goods blocked at ports

UN Secretary General Ban Ki-Moon (C-L) and World Bank President Jim Yong Kim (L) meet with Jordan's King Abdullah and Queen Rania (R) at the Royal Palace in Amman on March 27, 2016. (AFP/Khalil Mazraawi)
March 28th, 2016 - 05:11 GMT

World Bank announces $100M interest-free loan to Jordan

The GCC Supreme Council has passed a resolution in favor of equal treatment of students in terms of admission and treatment, research, Arabization integration and students’ joint activities. (Twitter)
March 27th, 2016 - 02:00 GMT

GCC votes in favor of uniform university admissions

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