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Ferrari's luce electric car
May 27th, 2026 - 02:22 GMT
Sally Shakkour

Sally Shakkour

Ferrari launches its first electric car for a shocking price

ALBAWABA - In a historic move that redefines its legendary brand, Italian automaker Ferrari unveiled its first all-electric car in Rome on Monday, announcing its transition from the world of motors to the quiet power of clean energy, without abandoning the performance spirit that has made it a global icon. The new car, named "Luce," meaning "light" in Italian, boasts a top speed of 310 km/h and a price tag ...
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Investigators posed as members of the public and discovered about 30,000 cryptocurrency-related domain names, most created sometime in the last year after the price of a single bitcoin reached record levels in November. (Shutterstock)
May 22nd, 2018 - 08:48 GMT

Regulators Announce Crack Down on Cryptocurrency Investment Schemes

Among the key sectors in the UAE, those preferred by investors are e-commerce, fintech, food and beverage, logistics and transport. (Shutterstock)
May 22nd, 2018 - 06:46 GMT

New Visa Policy Will Make UAE a Global Innovation Hub

US Secretary of State Mike Pompeo. (AFP)
May 22nd, 2018 - 06:41 GMT

Iran Faces ‘Strongest Sanctions in History’

The research found that in the UAE, AI will have the greatest impact on the financial services, healthcare, and transport and storage industries, with increases of $37 billion, $22 billion and $19 billion. (Pixabay)
May 22nd, 2018 - 06:35 GMT

AI to Add $182 Billion to UAE Economy by 2035

Geopolitical shocks have been a recurrent theme in the international oil market. (Shutterstock)
May 21st, 2018 - 07:52 GMT

Is the Oil Market About to Endure a Rough Ride?

The Haramain high-speed rail link is among the Saudi infrastructure projects catching the attention of international investors. (AN)
May 21st, 2018 - 07:44 GMT

Could Saudi Arabia Become the China of the Middle East?

Because Bitcoin is decentralized, there’s no way to know exactly how much power it uses. (Shutterstock)
May 21st, 2018 - 07:38 GMT

Bitcoin’s Massive Power Usage Explained in New Analysis

Investors can have 100 per cent ownership of their companies in the country. (Twitter)
May 21st, 2018 - 07:34 GMT

UAE Allows 100 Percent foreign Ownership of Businesses

Everyone agrees that Hezbollah can always find ways to bypass the “American fist” around it. (AFP/File)
May 20th, 2018 - 08:26 GMT

The Repercussions of the New Sanctions Against Hizbollah on the Lebanese Business Sector

SABB, which is 40 percent owned by HSBC Holdings, and Alawwal said in April last year they had agreed to start talks on the merger. (Courtesy of SABB)
May 20th, 2018 - 08:15 GMT

Third Largest Bank in Saudi Arabia to Be Created With Alawwal and SABB Merger

Dubai has been ranked the 28th expensive place for construction and rated "lukewarm" for tendering conditions. (Shutterstock)
May 20th, 2018 - 08:08 GMT

UAE Offers One of the Lowest Construction Costs in the World

The conditions state that in order to refund VAT, applicants must be UAE national. (Shutterstock)
May 20th, 2018 - 07:08 GMT

4 Steps to Refund VAT for UAE Nationals

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