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The Ferrari Luce EV
August 18th, 2026 - 11:00 GMT
P. Choiaqo

P. Choiaqo

Special Edition Ferrari EV sells for $40 million

ALBAWABA - Ferrari’s first ever electric vehicle called ‘Luce’ sells a special edition ‘Chassis 0’ version for $40 million at an auction. The auction taking place in Monterey, California, had a “tailor made” 2026 Ferrari Luce on auction, bearing the ‘Chassis 0’ designation – meaning it’s the first production chassis of Ferrari’s new model. The $40 million will be going to educational initiatives through the Ferrari charity foundation with buyer’s ...
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The project aims to reduce electricity costs by generating electricity from solar energy. (AFP/File)
March 29th, 2017 - 10:20 GMT

Jordan, Germany sign $47.5M solar energy deal for Syrian refugees

Under the new agreement Oman Air will connect travelers to 59 destinations across Europe and North America from Lufthansa’s Frankfurt and Munich hubs. (Shutterstock)
March 29th, 2017 - 09:38 GMT

Oman Air inks new partnership with Lufthansa to expand across Europe, North America

Egypt's declining economy needs all the help it can get. (AFP/File)
March 29th, 2017 - 08:59 GMT

Egypt discusses economic support with G-8 countries

The times are tough for car dealers in the UAE. (File photo)
March 29th, 2017 - 07:00 GMT

Car sales down in UAE as consumers put the brakes on their spending

In 2016, the country secured a total of $280 million of foreign inward investment from 40 new companies. (File photo)
March 29th, 2017 - 06:00 GMT

Bahrain promises growth, market reforms in return for foreign investment

The UAE is still on track to implement VAT from January 1, 2018.
March 29th, 2017 - 05:00 GMT

UAE to exempt new residential property from VAT

Emirates airline mulls the possibility of providing government-approved laptops as a way to cushion the blow from the US electronics ban. (File photo)
March 28th, 2017 - 03:37 GMT

Emirates mulls loaning in-flight laptops to passengers amid US electronics ban

With a population expected to double in the next 50 years, Egypt is expected to face serious water and energy shortages by 2025. (File photo)
March 28th, 2017 - 02:55 GMT

Egypt to run out of water by 2025: Report

Oman cracks down on private health clinics. (File photo)
March 28th, 2017 - 01:25 GMT

More than 100 private health clinics fined in Oman, 12 shut down

The project seeks to accelerate revolutionary additive design, customer innovation, and digital manufacturing technologies. (File photo)
March 28th, 2017 - 12:49 GMT

Region’s first ‘microfactories’ are coming to the UAE

Exclusive offers await technology enthusiasts at GITEX Shopper 2017. (File photo)
March 28th, 2017 - 11:09 GMT

GITEX is back in Dubai with special deals for technology shoppers

Souq.com's CEO, Ronaldo Mouchawar.
March 28th, 2017 - 09:55 GMT

It’s official: Amazon buys Souq.com!

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