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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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WebMD has been looking for a buyer since February. (Web)
July 25th, 2017 - 07:56 GMT

WebMD Sold to Private Equity Firm in $2.8 Billion Deal

Local banks in Egypt are vying to win the super-rich with accounts serving their 'very specific' needs. (Shutterstock)
July 25th, 2017 - 03:29 GMT

Champagne and VIP Lounges: Banque Misr Launches Account for the Super-Rich

Flynas revives Beirut flights with low fares starting from SR299 ($80) one way all inclusive. (Fayez Nureldine/ AFP)
July 25th, 2017 - 01:41 GMT

Flynas Returns to Beirut With Flights From Riyadh, Starting November 1

Etihad is one of ten companies submitting non-binding offers for ailing Alitalia. (File photo)
July 24th, 2017 - 11:05 GMT

Etihad Makes Non-Binding Offer for Alitalia, for Total or Partial Takeover

Kuwait’s oil minister Essam Al-Marzouq says deeper cuts are a possibility for OPEC and non-OPEC countries. (Yasser Al Zayyat/ AFP)
July 24th, 2017 - 10:24 GMT

What to Expect From Today's OPEC, Non-OPEC Meeting?

The timing of Ramadan and Eid falling in the second quarter this year have had an impact in the drop in advertised jobs. (File photo)
July 23rd, 2017 - 12:20 GMT

UAE Sees 38 Percent Less Jobs Advertised in Second Quarter of 2017

Of the 200,000 job opportunities available with ride-hailing companies, 110,000 Saudis have registered so far. (Photo courtesy of Careem)
July 23rd, 2017 - 11:58 GMT

'Careem Helps 110,000 Saudis Make Up to SR12,000 a Month'

The absence of a legal framework for bankruptcy has long been a hindrance to UAE businesses. Not anymore. (Shutterstock)
July 23rd, 2017 - 11:17 GMT

A Look at UAE's New Bankruptcy Law: How It Works and Why It's Good News

Dammam’s residential sector has seen a marginal decline in both sale prices and rents over the past six months. (Shutterstock)
July 23rd, 2017 - 11:01 GMT

Weak Oil Prices, Slow Economy Weigh on Dammam Real Estate Market

Economic growth this year for Saudi Arabia is forecast to be around 0.1 percent. (File photo)
July 23rd, 2017 - 09:30 GMT

Saudi Arabia's 2017 Growth Forecast 'Close to Zero': IMF

Iran expects to export 1 million tonnes of surplus wheat and its products this year. (AFP/ File)
July 20th, 2017 - 12:03 GMT

Largely Self-Sufficient, Iran to Export 1 Million Tonnes of Surplus Wheat

Last year's coup attempt, geopolitical developments and the referendum process have all affected Turkey's economy. (AFP/ File)
July 20th, 2017 - 11:54 GMT

Turkey Optimistic, Even as It Runs a $7-Billion Budget Deficit

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