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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 Qatari economy has proved resilient, and local sectors will benefit from the increased self-reliance. (AFP)
January 4th, 2018 - 06:00 GMT

Qatar Economy 2017: Resilience and Growth Despite Blockade

Crude oil prices reach their highest level in the last two and a half years. (AFP)
January 4th, 2018 - 12:02 GMT

Oil Prices Hit Highest Level in Three Years on Geopolitical Tensions

The UAE tax authority wants the following elements to be mentioned on any VAT bill. (Shutterstock)
January 4th, 2018 - 10:58 GMT

What Should a VAT Tax Invoice Include in UAE?

Saudi Arabia said the revenue from VAT would go towards infrastructure and developmental works. (AFP)
January 4th, 2018 - 09:59 GMT

Over $9 Billion From VAT in 2018: Saudi Arabia

Can salary increases in the UAE this year cushion the impact of VAT on residents’ wallets? (Shutterstock)
January 4th, 2018 - 08:58 GMT

Will Salary Hikes in UAE Make VAT More Bearable in 2018?

The General Authority for Zakat in Saudi Arabia has announced that all lease contracts concluded before January 1 are exempt from VAT. (Shutterstock)
January 4th, 2018 - 08:01 GMT

Pre-2018 Leases, Mortgages Exempt From VAT: Saudi Arabia

Oman has dedicated the largest share of its 2018 budget of about $32.5 billion to the education, health and social welfare sectors with $10 billion. (AFP)
January 4th, 2018 - 07:02 GMT

Oman Dedicates $10 Billion for Education, Health in 2018 Budget

In an outrageous prediction for 2018, Saxo Bank expects Bitcoin to peak to $60,000 in 2018. (Pexels)
January 3rd, 2018 - 08:00 GMT

Bitcoin, Gold or Bonds: Where Do I Invest in 2018?

Oman’s economy is expected to grow by a minimum of 3 percent in 2018. (Pictured here: Sultan Qaboos of Oman /AFP)
January 3rd, 2018 - 07:00 GMT

Oman’s 2018 Budget Projects Economic Growth of 3 Percent

Halal tourism, halal meal kits and Barbies with mix-and-match abayas are just some of the Islamic trends for 2018. (Shutterstock)
January 3rd, 2018 - 06:00 GMT

From Halal Hotels to Muslim Dolls: Top Islamic Trends of 2018

Aid agencies have warned that about eight million people in the country are on the brink of famine with outbreaks of cholera and diphtheria. (AFP)
January 3rd, 2018 - 01:00 GMT

Yemen Announces First Budget Since Beginning of War

No changes on the dependent fee this year, says Saudi Arabia. (AFP)
January 3rd, 2018 - 12:00 GMT

Saudi Arabia: Dependent Fee on Track, to Hit SR400 by 2020

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