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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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US Republican presidential hopeful Donald Trump addresses the American Israel Public Affairs Committee (AIPAC) 2016 Policy Conference at the Verizon Center in Washington, DC, March 21, 2016.  (AFP/Saul Loeb)
March 27th, 2016 - 01:21 GMT

'No oil from Saudi without ground troops commitment': Trump

The UAE has been ranked 1st in the Middle East and North Africa for electricity porovision for the third consecutive year in a row. (File photo)
March 27th, 2016 - 12:19 GMT

Dubai to build 64 new power stations in next three years

The job losses could happen as early as next week, according to an Al Jazeera manager.  (Erem)
March 27th, 2016 - 12:02 GMT

Al Jazeera announces plans to cut 500 jobs

The  Khazzan natural gas field was discovered in 2000, in the northeast Omani province of Al Dhahirah, approximately 217 miles southwest of Muscat. (Al Wasat)
March 27th, 2016 - 11:11 GMT

Oman Oil seeks $1B to help finance Khazzan gas field development

Security measures at Rafik Hariri International Airport are in the spotlight again following the deadly attacks at Brussels Airport. (Wikipedia)
March 27th, 2016 - 10:00 GMT

Lebanon to introduce new security measures at Rafik Hariri International Airport

Egypt and Kuwait will each offer a 20 percent stake on the Cairo bourse of the Arab African International Bank, a joint venture between the CBE and Kuwait Investment Authority. (Arab Finance)
March 27th, 2016 - 09:09 GMT

Egypt: CBE to float stakes in two state-owned banks

The 39 branches of Piraeus Bank Egypt will be rebranded ABK Egypt by June 2016. (Diplomacya)
March 27th, 2016 - 06:00 GMT

Kuwait's Al Ahli Bank acquisition of Piraeus' Egypt unit complete

Qatar will be hosting a meeting of OPEC and non-OPEC members on April 17 to discuss oil production.  (File photo)
March 27th, 2016 - 04:50 GMT

Oil producers meeting needs to send a clear message to markets: economists

A total of five loans were signed between the Council for Development and Reconstruction and the Islamic Development Bank.  (Wikimedia Commons)
March 26th, 2016 - 03:34 GMT

Lebanon receives $372M loan for water projects, power plant

Japan began development of Azadegan oil field but ceased operations as a result of US sanctions against Iran.  (AFP/File)
March 25th, 2016 - 11:30 GMT

Oil giant Total signs 'secret deal' with Iran for South Azadegan field development

In 2012 Al Safir had a circulation of 50,000 copies, making it the best-selling paper in Lebanon at the time. (Al Safir)
March 24th, 2016 - 12:00 GMT

Lebanon's Al Safir newspaper folds after 42 years

Last year Israel signed agreement with Jordan and the PA to promote a canal for transporting water from the Red Sea to the Dead Sea which pass exclusively through Jordanian territory. (Wikimedia Commons)
March 24th, 2016 - 11:00 GMT

Environmentalists slam latest Israeli proposal for Mediterranean-Dead Sea canal

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