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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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It's 'business as usual' in Qatar, according to Saad Sharida Al-Kaabi, CEO of Qatar Petroleum. (AFP/ File)
July 4th, 2017 - 11:09 GMT

Qatar to Boost Gas Production by 30 Percent, Defying Gulf Blockade

A fall in oil exports from OPEC countries will lead to a rise in prices. (File photo)
July 4th, 2017 - 11:01 GMT

Oil Prices to Rebound in July as OPEC Exports Fall: Analysts

The wind farm is a partnership between the international energy company Statoil and Masdar. (File photo)
July 4th, 2017 - 10:40 GMT

Masdar Announces World's First Floating Offshore Wind Farm in Scotland

Job creation has stagnated in the UAE’s non-oil private sector, according to a report by Emirates NBD. (File photo)
July 4th, 2017 - 08:14 GMT

How's the UAE Job Market Doing? Not so Well, According to This Report

Total Chief Executive Officer Patrick Pouyanne (L) shakes hands with Iranian President Hassan Rouhani during a meeting in Paris on January 28, 2016. (Eric Fefferberg/ AFP)
July 3rd, 2017 - 02:35 GMT

Iran Signs $4.8 Billion Gas Deal With Total, Its Biggest Ever

UAE and Saudi Arabia have the highest percentage of regular savers in the Gulf region. (File photo)
July 3rd, 2017 - 01:02 GMT

UAE, Saudi Arabia Top-Saving Countries in GCC: Report

Egypt's decision to hike fuel prices will reflect on the cost of carrying out construction projects. (File photo)
July 3rd, 2017 - 12:41 GMT

Egypt: New Fuel Prices Push Construction Costs by up to 15 Percent

Dollar climbs, rebounding from last week's sharp loss. (File photo)
July 3rd, 2017 - 11:47 GMT

Dollar Climbs From Last Week's Loss, But Still Under Pressure

Turkey's annual inflation rate falls to a four-month low, according to a report. (File photo)
July 3rd, 2017 - 11:29 GMT

Turkey's Inflation Falls to Four-Month Low in June: Report

Oil prices on Friday logged their biggest weekly gain since mid-May. (AFP/ File)
July 3rd, 2017 - 11:15 GMT

Oil Prices up as Saudi Arabia Extends Deadline on Qatar Demands

The new tax came into force on Saturday. (AFP/ File)
July 3rd, 2017 - 10:43 GMT

Saudi Arabia's Residents Feel the Pinch of New Expat Tax

A photo taken on September 19, 2016 shows a Samsung Galaxy Note 7 smartphone at a mobile shop in Seoul. (Jung Yeon-Je/ AFP)
July 3rd, 2017 - 09:50 GMT

Samsung Announces Reworked, Cheaper Version of Galaxy Note 7

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