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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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King Khalid airport terminal 5. (GB)
July 3rd, 2017 - 09:41 GMT

Saudi Arabia Mulls Sale of Minority Stake in King Khalid Airport

Traders monitor screens displaying stock information at Qatar Stock Exchange in Doha on June 5, 2017. (Reuters)
July 3rd, 2017 - 09:10 GMT

Qatar Exchange Drops 4 Percent as Gulf Deadline Looms

No more laptop ban on large electronic devices from Abu Dhabi to US airports. (AFP/ File)
July 3rd, 2017 - 08:48 GMT

US Drops Laptop Ban on Etihad Flights from Abu Dhabi

Madinat Jumeirah in Dubai. (Photo Courtesy of Jumeirah)
July 2nd, 2017 - 12:28 GMT

Dubai's Jumeirah Group Appoints Interim CEO as Chief Steps Down

Foreign laborers work at a construction site in Riyadh on October 30, 2013. (Fayez Nurelddine/ AFP)
July 2nd, 2017 - 11:51 GMT

Invest in Saudi Arabia: Real Estate Prices Drop in Mecca and Riyadh

The Goods and Services Tax (GST) will launch in India on July 1. (AFP)
July 2nd, 2017 - 11:12 GMT

Meet the Man Responsible for India's GST Implementation

Egypt has announced up to 55 percent increase in fuel prices effective June 29, 2017. (AFP/ File)
June 29th, 2017 - 09:48 GMT

Egypt Cuts Fuel Subsidies, Raises Prices by up to 55 Percent

Previous CEO Alaa Batayneh (R) during a signing ceremony with Jordan Ahli Bank on August 7, 2016. (Courtesy of Eagle Hills)
June 29th, 2017 - 09:11 GMT

Douglas Small Succeeds Alaa Batayneh as CEO of Eagle Hills Jordan

Divisions over proposed taxes to finance public sector's salary hikes in Lebanon might delay or even scuttle the motion. (AFP/ File)
June 29th, 2017 - 07:09 GMT

Lebanon: Divisions Over Taxes Delaying Salary Hikes for Public Sector

Qatar’s currency is under pressure. (Reuters)
June 29th, 2017 - 06:35 GMT

Global Banks, Exchanges Refusing Qatari Riyals Amid Crisis

The workers from Bangladesh, India, Pakistan and Nepal have been left without accommodation and money. (AFP/ File)
June 29th, 2017 - 12:17 GMT

Saudi Arabia: Migrant Workers Stranded as Qatari Bosses Are Forced to Leave

More than 230,000 residents have been displaced and at least 390 people, mostly militants, have been killed in Marawi since May 23, 2017. (AFP)
June 29th, 2017 - 12:01 GMT

Philippines Receives $7.3 Million in Arms From China for Fight in Marawi

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