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Neo Motors
November 4th, 2025 - 09:42 GMT
Sally Shakkour

Sally Shakkour

Morocco's first locally-created electric car to be sold at affordable price

ALBAWABA - Moroccan company "Neo Motors" is preparing to launch the first locally manufactured electric car in the history of the country at an affordable price. The Moroccan first electric car will be sold at about 100,000 Moroccan dirhams (around $10,740), starting in 2026. In an interview with Bloomberg, the company's CEO Nassim Belkhayat said that production is currently underway for a new model called the "Dial-E," a compact city ...
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Using gas in the industrial sector lowers operational costs between 20 and 50 per cent. (Shutterstock)
August 7th, 2018 - 07:50 GMT

Jordan to Reduce Industrial Costs by up to 50 Percent

The US president said earlier this year he would pull his country out of the 2015 deal. (Shutterstock)
August 7th, 2018 - 07:23 GMT

Trump Reimposes Economic Sanctions on Iran

None of the Saudi students will remain in Canada during the 1439H (2018) summer. (Shutterstock)
August 7th, 2018 - 06:56 GMT

More Than 8,000 Saudi Scholarship Students Leave Canada

Arif Naqvi, Founder of Abraaj Group. (AFP)
August 6th, 2018 - 11:06 GMT

Abraaj Group Considers Splitting North Africa Fund From Parent Compan

The workshop is meant to also improve transparency and counter-corruption levels, better manage risks, and stabilize the financial system, Omran said. (Shutterstock)
August 6th, 2018 - 10:40 GMT

Egypt to Cut off 50 Percent of Investors' Fees

It cited drafters of the PMI report as saying that the uncertain political landscape, combined with cash flow issues, reportedly weighed on demand conditions in July. (Shutterstock)
August 6th, 2018 - 10:14 GMT

Report: Private Sector in Lebanon Continues to Deteriorate

Trade volume at Amman offices and the DLS headquarters amounted for 70 per cent of the Kingdom’s trade, roughly totalling JD2.153 billion, the Jordan News Agency, Petra, reported. (Shutterstock)
August 6th, 2018 - 09:54 GMT

Real Estate Trade Volume in Jordan Falls 11 Percent in 2018

Two Qatari men at the Majlis Qatar pavilion in Moscow’s Gorky Park, on July 12. (AFP)
August 6th, 2018 - 09:32 GMT

The 2022 World Cup: A Bliss or A Curse for Qatar?

To encourage Iranians to return their hard cash to the economy, the plan allows the central bank to set up dollar savings accounts for ordinary people, state television said. (Shutterstock)
August 6th, 2018 - 09:13 GMT

Iran Eases Foreign Exchange Rules to Protect Its Own Currency

A large trade delegation from TRNC is expected to visit Qatar in the near future to establish trade ties with their counterparts in Doha, the envoy said. (Shutterstock)
August 6th, 2018 - 09:09 GMT

North Cyprus Mulls Over Establishing Trade Ties With Qatar

In a statement to the press, the Central Bank of Kuwait “assures that all the figures contained in that report are altogether incorrect." (Shutterstock)
August 6th, 2018 - 09:03 GMT

Central Bank of Kuwait Denies Expats Bad Debts Report


As part of the campaign, in which 19 ministries and government departments are participating, 385,499 of the detainees were deported to their respective home countries during the period. (Pixabay)
August 6th, 2018 - 08:57 GMT

Saudi Arabia Deports More Than 385,000 Expats in 9 Months

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