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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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Amazon Web Services today announced that it plans to open an infrastructure base in Bahrain. (AFP)
September 25th, 2017 - 11:53 GMT

Bahrain Welcomes First Amazon Web Services Base in Middle East

The VAT on new car purchases will be 5 percent of the vehicle’s value, starting from next year. (Karim Sahib/ AFP)
September 25th, 2017 - 11:21 GMT

Race Against Time for UAE Car Buyers: Pre-Vat Frenzy Starts Now

The plan is to privatize Saudia and Flyadeal together under the group parent company. (Shutterstock)
September 25th, 2017 - 10:31 GMT

Saudi Arabia to Include Flyadeal in Saudia’s Privatization Plan: Sources

$15 million will help support basic programmes for Palestinian refugees. (AFP/ File)
September 24th, 2017 - 01:21 GMT

UAE Donates $30 Million to UNRWA, UN Women

The move comes about a year after the UAE introduced its own bankruptcy law. (File photo)
September 24th, 2017 - 01:15 GMT

Saudi Arabia Introduces Bankruptcy Law in Bid to Attract Foreign Investment

Families on a tight budget can now pay in monthly installments, the airline said. (File photo)
September 24th, 2017 - 12:48 GMT

Etihad Launches 'Fly Now, Pay Later' for Families, Middle-Class Travelers

Qatar is relying on its gas exports to withstand the Saudi-led siege. (File photo)
September 24th, 2017 - 12:33 GMT

Qatar's Revenues From Gas Exports Enough to Withstand Siege: Minister

Flyadeal launched its first commercial flights on Saudi Arabia's national day. (File photo)
September 24th, 2017 - 11:52 GMT

Flyadeal Officially Launches With Jeddah-Riyadh Flight

The 27th Gitex Shopper has officially opened its doors to the public. (File photo)
September 24th, 2017 - 11:37 GMT

Gitex Shopper 2017 Kicks off in Dubai

The country had rejected sharia-based financing options in the 1990s. Pictured here: Algerian president, Abdelaziz Bouteflika. (AFP/ File)
September 24th, 2017 - 10:13 GMT

Algeria Turns to Islamic Banking to Fix Its Financial Woes, For First Time Ever

Saudi Arabia plans to shut down recruitment offices of housemaids. (AFP/ File)
September 24th, 2017 - 09:58 GMT

Saudi Arabia to Scrap Housemaid Recruitment Agencies: Ministry of Labor

The upcoming referendum on Kurdish independence has the potential to roil both geopolitical alliances and oil markets. (AFP/ File)
September 21st, 2017 - 12:13 GMT

Opinion: Will an Independent Kurdistan Cause a Rift in Oil Markets?

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