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Ferrari's luce electric car

May 27th, 2026 - 02:22 GMT

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 ...

The agency said that Oman’s fiscal performance last year and in the first few months of 2017 were weaker than was suggested. (File photo)

July 30th, 2017 - 12:27 GMT

Moody's Downgrades Oman, Bahrain Ratings

Saudi Arabia, Egypt, the UAE and Bahrain cut ties with Qatar on June 5, accusing it of backing terrorist groups. (AFP/ File)

July 30th, 2017 - 11:26 GMT

Arab States to Impose ‘More Economic Sanctions on Qatar’

Private deposits in Oman are on the rise. (Photo courtesy of Bank Muscat)

July 30th, 2017 - 11:11 GMT

Commercial Banks in Oman See 2.5 Percent More Private Deposits

Remittances by foreign workers have witnessed a steady fall in recent months as banks in Kingdom reported a gradual decline in foreign remittances. (AFP/ File)

July 30th, 2017 - 10:59 GMT

Foreign Remittances From Saudi Arabia Decline by 34 Percent in June

Saudi Arabia is trying to raise $200 billion over the next few years through stake sales in national assets such as airports. (File photo)

July 27th, 2017 - 01:48 GMT

Saudi Arabia to Privatize All Airports by End of 2017: GACA

A rendering of Nakheel's Deira Islands. (Photo courtesy of Nakheel)

July 27th, 2017 - 01:15 GMT

Dubai's Nakheel Sees 22 Percent Drop in Profit for Q2 2017

Banks and other financial institutions in the UAE to freeze all bank accounts of groups and individuals mentioned in the new terror list issued by Saudi Arabia and its allies on July 25, 2017. (AFP/ File)

July 27th, 2017 - 01:05 GMT

UAE Freezes Accounts of Individuals, Entities in Qatar-Linked Terror List

Oil prices finished higher after data from the U.S. Energy Information Administration showed a large drop in domestic crude and gasoline supplies. (File photo)

July 27th, 2017 - 12:52 GMT

Oil Prices Jump to 8-Week High on Lower US Crude Reserves

Etihad posts disappointing results for 2016. (File photo)

July 27th, 2017 - 12:38 GMT

Etihad Reports $1.8 Billion Loss in 2016, First Time in Six Years

The Dubai government said on Wednesday that the Arabian Business website had been blocked, and its print edition stopped for a month.

July 27th, 2017 - 09:23 GMT

Arabian Business Website, Magazine Banned in UAE for Publishing ‘False News’

With oil prices remaining relatively low, countries in the GCC are faced with the urgent need to diversify their economies. (AFP/ File)

July 26th, 2017 - 11:43 GMT

Diversification and Growth: Are There Lessons for GCC Countries?

DP World's core business is container handling which generates more than three quarters of its revenues. (File photo)

July 26th, 2017 - 09:52 GMT

'No Serious Impact From Qatar Ban on Container Volumes,' Says DP World