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The Pope with Ferrari's Luce EV

August 2nd, 2026 - 12:16 GMT

P. Choiaqo

Controversial Ferrari EV 'Luce' hits sales target in two months

ALBAWABA - ‘Luce’ Ferrari’s first ever EV was mired in controversy since its reveal in May 2026, it has now put the controversy to bed by breaking its sales goal just two months after releasing to the market. The main point of contention, among many, is the design of the Luce, with negative comments coming from investors, media, and enthusiasts alike. Despite this, or as some speculate because of it ...

Over the week, WTI lost 1.3%, while Brent rose 1.2%.

August 26th, 2019 - 08:36 GMT

Oil Prices Plummet After China Unveils Retaliatory Tariffs Against US

RuPay is run by the National Payments Corporation of India and competes with other global card payments systems.

August 26th, 2019 - 08:10 GMT

India's RuPay Card System Launches in Bahrain

MAG City features 48,000 sq m of public facilities, including a private clinic, nursery, and mosque; around 8,000 sq m of retail space; and 84,211 sq m of public parks and green areas complete with a jogging and bicycle track.

August 26th, 2019 - 07:44 GMT

Chinese Company Wins $500 Million Contract to Construct MAG City in Dubai

Over the weekend, the US imposed 10 per cent additional tax on $550 billion Chinese imports and China announced retaliatory tariffs on $75 billion worth of US imports.

August 26th, 2019 - 07:31 GMT

GCC Bourses Witness Massive Sell-Off Due to US-China Trade War Escalation

On June 19, FAB had informed QFCRA that it would relinquish its QFC branch licence and permanently close the branch.

August 26th, 2019 - 07:00 GMT

Qatar Imposes $55 Million Fine on UAE's Largest Bank

Gold rose over 2 per cent to a six-year high of $1,537 on the Comex in New York on Friday.

August 26th, 2019 - 06:43 GMT

Gold May Hit All-Time High Amid Escalation of US-China Trade War

Digitalization and automation of inventory control is making its presence felt in the UAE

August 25th, 2019 - 11:01 GMT

AI-Driven Technologies to Transform Mideast Warehousing, Inventory

South Sudanese soldiers guard an oil refining facility.

August 25th, 2019 - 10:56 GMT

South Sudan Urges Egypt to Optimize Country's Oilfields

About 3.7 million expatriates were in violation of the residency regulation, 572,573 the labor laws and 242,527 the border security system.

August 25th, 2019 - 10:53 GMT

Over 3.7 Million Expats Arrested, Over 900,00 Deported in Saudi Arabia

Inflation for staples, medicine and basic goods declined in August, according to the SCI’s Saturday statement, with 56.6 and 35.2 percent for food and non-food items, respectively.

August 25th, 2019 - 10:52 GMT

Inflation Rate Plummets in Iran Year after US Sanctions

On the back of increased gas production, Oman’s total LNG exports also recorded a massive jump of about 19 per cent to 10.2mn metric tonnes during 2018 compared to 8.6mn metric tonnes in the previous year.

August 25th, 2019 - 10:51 GMT

Natural Gas: A Significant Contributor to Oman’s Economy

The worst performing of the big-four economies within the Euro area is Italy.

August 25th, 2019 - 10:50 GMT

The Side Effects of the Divergent Economic Performance Across Euro Area