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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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Prior to the new directive, some airlines were allowing visitors to fly to the UAE without a visa, whilst others were blocking travel.  (Emirates)
March 24th, 2016 - 09:47 GMT

UAE reinstates GCC expat visa restrictions

Kuwait's Finance Minister confirmed that any potential spending deficit could be covered by tapping into Kuwait’s financial reserves and going to the bond market. (File photo)
March 24th, 2016 - 09:00 GMT

Kuwait looks to PPP, VAT, cutting subsidies to trim budget

The UAE plans for Al Maktoum International to be the world's largest airport. (Twitter)
March 24th, 2016 - 08:00 GMT

First phase of Dubai's Al Maktoum Airport expansion to be complete by June 2017

The US Principal Deputy Coordinator for Sanctions Policy has begun a diplomatic campaign with businesses to clarify the US stance on banking transactions with Iran.   (AFP/Al Saadi)
March 24th, 2016 - 07:00 GMT

Post-sanctions, fears of US banking fines hamper Iran trade

The KRG relies heavily on oil exports to pay for its public sector salaries.  (Defence Point)
March 24th, 2016 - 05:06 GMT

Iraq: Central government pushes for new oil deal with KRG

The Dubai Opera House draws architectural inspiration from vintage dhows. (Emaar)
March 23rd, 2016 - 02:00 GMT

Sing praises, the stage is set for the Dubai Opera opening

The Japanese grant was donated outside of the normal framework of bilateral assistance to Jordan.  (AFP/Khalil Mazraawi)
March 23rd, 2016 - 01:00 GMT

Japan grants $16.4M in refugee aid to Jordan

Between 60,00-70,000 tourists visited Aqaba in February, a low-season month.  (Aqaba.jo)
March 23rd, 2016 - 12:00 GMT

Jordan welcomes 2,500 tourists as cruise ships dock in Aqaba

The Oman Economic Forum is being held from March 23-24 at the Shangri-La's Barr Al Jissah Resort in Muscat. (Shangri-la)
March 23rd, 2016 - 11:00 GMT

Oman Economic Forum gets underway: Omran to unveil $1B worth of investment opportunities

Among the 62 victims of the Flydubai crash were 55 passengers and seven crew members. (AFP)
March 23rd, 2016 - 10:00 GMT

Flydubai releases flight FZ981's full passenger and crew manifest

With oil prices falling, the GCC must sustain the momentum of change and economic reform that has begun. (File photo)
March 23rd, 2016 - 09:00 GMT

Optimizing GCC collaboration could create the sixth largest economy in the world: EY

The state of Tennessee was the first to pass anti-BDS legislation last year, followed by Alabama, Indiana, Pennsylvania, New York and Florida. (File photo)
March 23rd, 2016 - 08:00 GMT

Virginia becomes seventh US state to pass anti-BDS laws

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