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The Pope with Ferrari's Luce EV
August 2nd, 2026 - 12:16 GMT
P. Choiaqo

P. Choiaqo

Controversial Ferrari EV 'Luce' hits sales target in two months

ALBAWABA - ‘Luce’ Ferrari’s first ever EV was mired in controversy since its reveal in May 2026, it has now put the controversy to bed by breaking its sales goal just two months after releasing to the market. The main point of contention, among many, is the design of the Luce, with negative comments coming from investors, media, and enthusiasts alike. Despite this, or as some speculate because of it ...
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Libya's Sharara oilfield, which had only just returned to production, was shut on Sunday after a group blocked a pipeline linking it to an oil terminal. (AFP/File)
April 11th, 2017 - 10:30 GMT

Oil prices up after Libya’s biggest field shuts down

A total of 288 labor protests were organised in Jordan in 2016, up from 236 protests in the previous year, which could suggest a decline in the socio-economic situation in Jordan. (AFP/Khalil Mazraawi)
April 11th, 2017 - 10:14 GMT

Jordan sees 22 percent rise in labor protests in 2016: Report

The best performing sub-sector in Dubai in the past quarter was wholesale and retail, followed by travel and tourism and construction. (AFP/Karim Sahib)
April 11th, 2017 - 09:22 GMT

Dubai's private sector achieves strongest quarter in two years

Turkey wants to reduce its energy import dependence and focus more on local energy resources. (File photo)
April 11th, 2017 - 08:35 GMT

Turkey reshapes its energy strategy, moves towards local resources

Saudis spend, on average, more than $20 billion annually on foreign tourism, but things are about to change with the kingdom's new entertainment city project. (AFP/Stan Honda)
April 11th, 2017 - 08:11 GMT

Saudis spend $20B on foreign tourism but things are about to change

Emirates’ half-year profits plunged 75 percent last year, leading to a 21 percent plunge in the carrier's brand value.
 (AFP/Ishara Kodikara)
April 11th, 2017 - 07:40 GMT

Dubai’s Emirates no longer Middle East’s most valuable brand: Report

Qatar, which had planned for 12 stadiums in its original bid, is now proposing eight, the minimum required by FIFA. (AFP/File)
April 11th, 2017 - 07:18 GMT

Qatar slashes budget for 2022 FIFA World Cup by almost 50 percent

The retail giant, which acquired UAE e-commerce website Souq.com for an undisclosed sum in March, does not currently have a permanent base in the country. (File photo)
April 10th, 2017 - 12:23 GMT

Souq's new owner Amazon on the hunt for offices, logistics hub in Dubai

Saudi Arabia has announced that no income tax will be imposed on Saudi citizens under the economic reforms being introduced in the oil-rich kingdom. (AFP/Fayez Nureldine)
April 10th, 2017 - 12:04 GMT

Saudi Arabia announces tax-free income for Saudi citizens

Oman Oil Company headquarter building in Muscat, Oman. (Shutterstock)
April 10th, 2017 - 11:46 GMT

Oman mulls short-term job contracts for Omanis, expats

Sony is planning new product launches and a new business strategy that will help it gain market share in the company’s focus categories, namely TV, digital imaging and audio products. (Pexels)
April 10th, 2017 - 10:56 GMT

Sony eyes 20 percent Middle East growth in 2017

Palestinians work at the office of Red Crow, a startup that monitors security developments and sends real-time alerts to clients. (AFP/Abbas Momani)
April 10th, 2017 - 10:12 GMT

Middle East’s startups raise over $1.4B funds: Report

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