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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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As many as 811,000 expatriates have left the Kingdom on final exit visa in the past 18 months. (AFP/ File)
April 12th, 2018 - 04:10 GMT

Saudi Arabia: 1,500 Expats Leaving Every Day in Past 18 Months

King Abdullah Port has the world’s deepest 18-meter water berths and state-of-the-art processing facilities. (File photo)
April 12th, 2018 - 07:00 GMT

Saudi Arabia: King Abdullah Port 8th Fastest Growing Port in the World

Hotel company says projects signed will drive investment of about $1.8b by the property owners. (Shutterstock)
April 11th, 2018 - 11:00 GMT

Marriott International Signs More Than 30 Properties in Just 12 Months

Increasingly compelling business models of fintech are expected to drive the market growth further. (Shutterstock)
April 11th, 2018 - 10:26 GMT

FinTech Market in MENA Region Estimated at $2 Billion: Analysts

Men and women in the UAE will be equally paid according to a new draft law. (Shutterstock)
April 11th, 2018 - 08:50 GMT

Equal Pay: UAE Announces Draft Law to Fix Gender Pay Gap

The private sector’s contribution to the gross domestic product of Saudi Arabia grew to 48 percent in 2017.  (Shutterstock)
April 11th, 2018 - 08:13 GMT

Saudi Arabia: Private Sector's Share in GDP up 48 Percent in 2017

The UAE donated the largest amount to war-torn Yemen. (AFP)
April 11th, 2018 - 07:54 GMT

UAE World’s Largest Donor by National Income, for Fifth Year: OECD

Fear has now replaced greed as the dominant sentiment on Wall Street, with the Chicago Volatility Index up 90 per cent in 2018. (AFP)
April 10th, 2018 - 03:00 GMT

Trump vs. China: How Trade Wars Could Affect Global Markets

Iraqi people were recently rewarded by a law to establish their National Oil Company. (Shutterstock)
April 10th, 2018 - 10:13 GMT

Opinion: Why Iraq’s Proposed National Oil Company Is a Hoax

European Union is the largest trading partner of the GCC. (Shutterstock)
April 10th, 2018 - 09:32 GMT

EU Becomes GCC’s Largest Trading Partner, With Over $175 Billion

The total value of major Expo-related construction projects reached Dh156 billion by the end of March 31, 2018. (Shutterstock))
April 10th, 2018 - 08:19 GMT

Expo 2020: 10 Mega Projects Set to Redesign Dubai’s Landscape

The first units have gone on sale at Sharjah’s Maryam Island, for the Azure Beach Residence project by Eagle Hills Sharjah. (Shutterstock)
April 10th, 2018 - 06:39 GMT

Invest in Sharjah: Home Sales Start at Al Maryam Island

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