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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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Riyadh would sign economic and defence agreements with Sudan soon. (Shutterstock)
May 7th, 2018 - 10:00 GMT

Saudi Arabia to Sign Economic and Defence Cooperation With Sudan

Egypt is predicted to achieve an average economic growth of 6.63 percent per year for the next 8 years until 2026. (Shutterstock)
May 7th, 2018 - 09:00 GMT

Egypt Ranked 3rd Fastest Growing Economy In The World

The plan is to bring various e-services under one umbrella and make paying for these disparate services easier. (Shutterstock)
May 7th, 2018 - 08:00 GMT

Oman's Next Challenge, Integrating E-Services in the Sultanate

Most of expatriate workers, employed in private sector having considerable service duration, are entitled to receive a handsome amount as end of service benefits upon ending of employment. (File photo)
May 7th, 2018 - 07:08 GMT

Expat Workers’ Dilemma in Saudi Arabia to Quit or Not to Quit for End of Service Benefits

As oil prices have risen, Saudi Arabia's drawdown on foreign reserves has eased and now stabilised. (Shutterstock)
May 7th, 2018 - 06:56 GMT

This is Why Saudi Arabia's Oil Reliance Continues

The economy in Lebanon is growing slowly at a rate of 2 to 2-1/2 percent. (Shutterstock)
May 6th, 2018 - 10:11 GMT

Lebanon Must Counter 'Unsustainable' Fiscal Deficit: IMF

Gold jewellery demand in the GCC slumped in the first quarter. (Shutterstock)
May 6th, 2018 - 09:12 GMT

What's Wrong With Gold in the GCC?

The pace of growth in the Bahrain Kingdom ‘accelerated markedly’ in 2017 compared to 3.2% in 2016. (SG)
May 6th, 2018 - 08:13 GMT

Bahrain GCC’s Fastest Growing Economy with 3.9 Percent in 2017

In Q1 2018, 2,431 female investors purchased over Dh4.4 billion in the Dubai property market, according to the Dubai Land Department. (Shutterstock)
May 6th, 2018 - 08:04 GMT

Women Accounted for 30 Percent of Dubai Realty Transactions in Q1 2018

Some crypto assets will pick up where they left off. (Pixabay)
May 3rd, 2018 - 09:30 GMT

Where We Are Today With Cryptos in the Boom Bust Cycle

The new insurance claims center, which is run by an all-female staff, aims to support women drivers and car owners. (SG)
May 3rd, 2018 - 08:56 GMT

Saudi Arabia Opens Its First Auto Insurance Claims Center for Women

One of the major tourist attractions of the UAE is the jewellery sector that generates billions of dollars in revenue every year. (Shutterstock)
May 3rd, 2018 - 07:35 GMT

UAE's Jewellers Hope for VAT Exemption on Retail Sales

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