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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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Saudi Arabia announced in April that it will implement total Saudization in shopping malls. (AFP/ File)
September 21st, 2017 - 11:53 GMT

Saudization Success: Jeddah’s Malls Achieve 40 Percent Saudization

More hotels will be opening in the UAE in 2018 than in any other country in the Middle East. (Ramada Hotel Ajman/ File photo)
September 21st, 2017 - 11:32 GMT

83 New Hotels to Open in UAE in 2018: Report

The new regulations will be applicable from June next year on all Islamic banks in Bahrain. (Shutterstock)
September 21st, 2017 - 10:42 GMT

Bahrain Issues New Regulations for Islamic Banks

Alshaya will also become a seller on Noon’s online marketplace. (Twitter)
September 21st, 2017 - 09:50 GMT

Alshaya Buys Stake in Alabbar's Noon

The new company will focus on creating over 20,000 jobs in the sector. (AFP)
September 21st, 2017 - 09:26 GMT

Saudi Arabia Launches $2.6 Billion Entertainment Company

King Salman has ordered the payment of $15 million aid for the Rohingya Muslims in Myanmar. (AFP/ File)
September 20th, 2017 - 09:38 GMT

Saudi Arabia Pledges $15 Million to Aid Rohingya Muslims in Myanmar

The US stance toward the Middle East is negatively impacting business and regional growth, according to experts. (AFP/ File)
September 19th, 2017 - 05:00 GMT

Opinion: US Stance Towards Middle East Negatively Affecting Economy and Growth

Read this interview with the Indian ambassador to Egypt, Sanjay Bhattacharyya. (Courtesy of the Embassy of India)
September 19th, 2017 - 01:51 GMT

Six Indian Companies Will Be Investing in Egypt Soon: Interview With Indian Ambassador

The project will cost $57 million and is expected to improve the health sector in Jordan. (Courtesy of JU)
September 19th, 2017 - 01:37 GMT

Saudi Development Fund to Build $57 Million Hospital in Jordan: Minister

The profitability of Gulf Islamic banks will deteriorate this year and in 2018 with several factors coming into play. (File photo)
September 19th, 2017 - 01:28 GMT

Profitability of Gulf Islamic Banks to Fall in 2017: Report

The funding round has boosted the company’s valuation to $5.1 billion. (Photo courtesy of Slack)
September 19th, 2017 - 11:24 GMT

Slack Gets $250 Million Funding From Saudi-Backed Softbank Group

The new rail project links the Red Sea port of Jeddah with Riyadh and the Arabian Gulf. (Shutterstock)
September 19th, 2017 - 11:10 GMT

Saudi Arabia to Issue Tenders for Massive Railway in Early 2018

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