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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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The emirate has benefitted from policy changes granting Chinese and Russian holders visa on arrival entry. (Shutterstock)
April 25th, 2018 - 11:22 GMT

Dubai Is Pushing for Indian Nations to Be Given UAE Visa on Arrival

Both major oil producers have moved closer together in the face of increasing U.S. sanctions pressure. (Shutterstock)
April 25th, 2018 - 09:17 GMT

Russia Eyes an Interim Trade Agreement With Iran

Economies with high income elasticity of demand also have high price elasticities, suggesting oil may be capped at $80/b. (Shutterstock)
April 25th, 2018 - 08:15 GMT

Oil Is on the Boil Again as Price Tops $75 a Barrel

Inflation leapt to 3 percent year-on-year in the immediate aftermath of the introduction of a 5 percent VAT charge in January. (Shutterstock)
April 25th, 2018 - 07:08 GMT

Saudi Inflation Starts to Decline as VAT Impact Lessens

The passes will allow tourists to visit multiple attractions at a fixed rate. (Shutterstock)
April 25th, 2018 - 06:14 GMT

Dubai Unveils New Tourist All-access Pass for Key Attractions

Bahrain was found to be the third best paying country among the five Gulf Cooperation Council states. (Shutterstock)
April 24th, 2018 - 11:00 GMT

Here Are the Top 20 Salaries in Bahrain 2018

Dubai was the first choice for 28 per cent of respondents to start their international financial services career. (Shutterstock)
April 24th, 2018 - 09:30 GMT

Dubai on the Top List for Finance Graduates

Residents in the UAE are among the world's top 5 spenders when they travel abroad, with an average spend of about Dh10,000 during their last international trip. (Shutterstock)
April 24th, 2018 - 08:52 GMT

UAE Residents Biggest Spenders Among Travellers

Bank of America Merrill Lynch forecasts Saudi Arabia will continue to push forward with its reform process regardless of the rising price of oil. (Shutterstock)
April 24th, 2018 - 08:25 GMT

Saudi Arabia Economy in a 'Sweet Spot' Regardless of the Rising Price of Oil

While Filipinos are discouraged from working in Kuwait, thousands of opportunities await in other countries. (Pixabay)
April 24th, 2018 - 08:06 GMT

Thousands of jobs for Filipinos in UAE, Saudi Arabia, UK and Hong Kong

By March 31, bookings made in Saudi Arabia to Egypt increased by nearly 190,000. (Shutterstock)
April 23rd, 2018 - 12:00 GMT

Egypt Top Destination for Saudi Travelers, UAE Takes Second Place

There is one crucial aspect of investment management that is often overlooked - documenting your investments. (Shutterstock)
April 23rd, 2018 - 09:26 GMT

Planning to Invest in UAE? Follow These 6 Simple Tips

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