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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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Some neighborhoods in Riyadh have a lot of runaway expat workers who do not have any ID documents and can be seen walking the streets searching for random jobs. (AFP/ File)
August 6th, 2017 - 10:11 GMT

Saudi Arabia Cracks Down on Employment of Runaway Workers, Housemaids

The higher expenses were due to “increased spend promoting Aldar properties throughout the region, particularly Saudi Arabia.” (File photo)
August 6th, 2017 - 10:00 GMT

Abu Dhabi's Aldar Boosts Marketing Spending as Revenue, Profit Fall

The loan brings to over $10 billion Oman’s external borrowing in 2017. (File photo)
August 6th, 2017 - 09:49 GMT

Heavily Indebted, Oman Uses $3.5 Billion Chinese Loan to Balance the Books

Iraq is oil rich and has significant potential for economic development and growth. (File photo)
August 6th, 2017 - 09:30 GMT

Moody's Assigns Caa1 Issuer Rating to Iraq, Outlook Stable

The new scheme aims to provide housing at rents ranging from Dh70 ($190.59) to Dh2,100 ($571.76) per month. (File photo)
August 6th, 2017 - 09:21 GMT

Abu Dhabi Launches New Affordable Housing Plan for Low-Income Groups

The Duqm refinery occupies more than 2,000 acres and, when completed, will have a refining capacity of approximately 230,000 barrels of oil per day. (File photo)
August 6th, 2017 - 09:15 GMT

Petrofac, Samsung Engineering JV Wins $2 Billion Duqm Refinery Deal in Oman

Manufacturing industries contributed 6.9 percent to the emirate’s economic output in 2016. (File photo)
August 6th, 2017 - 09:03 GMT

Abu Dhabi: 16 New Factories Enter Production in H1 2017

In this photo Neymar poses with the CEO of Qatar Airways Akbar Al-Baker. (AFP)
August 3rd, 2017 - 01:30 GMT

Qatar Plays Politics With €222M Neymar Transfer to PSG

Lufthansa has just reported the best first-half results in its history. (File photo)
August 3rd, 2017 - 12:50 GMT

Lufthansa Has Big Plans for Air Berlin, and They Don't Include Etihad

The mega project was launched by the Saudi Crown Prince Mohammed bin Salman on August 1. (AFP/ File)
August 3rd, 2017 - 12:32 GMT

Red Sea Project Will Bring Tourists, Investments and Prosperity: Saudi Ministers

Qatar Airways backs off on its proposal to buy into American Airlines. (File photo)
August 3rd, 2017 - 11:34 GMT

Qatar Airways Reverses Decision to Buy Into American Airlines

Uber has been given three dedicated areas to transport passengers to and from King Khalid International Airport.
 (Mark Ralston/ AFP)
August 2nd, 2017 - 11:00 GMT

Your Move, Careem: Uber Strikes Passenger Transport Deal with Riyadh Airports

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