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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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The UAE is ranked amongst the top countries in terms of mobile penetration and easy access to internet, which further enhances the country’s potential for embracing digital banking services. (Shutterstock)
August 6th, 2018 - 07:38 GMT

4 Areas Commercial Banks Need to Digitize

The move follows vigorous calls by Canada for the immediate release of human rights activists swept up in a new wave of detentions. (Pixabay)
August 6th, 2018 - 07:13 GMT

Saudi Arabia Freezes All Business Ties With Canada

The first half of 2018 recorded 141 investments, a 12 per cent increase over the corresponding period. (Pixabay)
August 5th, 2018 - 11:55 GMT

Startups in UAE Dominate MENA Region

Garanti Bank sold $250 million worth of loans to Chinese and American banks and Halkbank is also in talks to sell loans. (Pixabay)
August 5th, 2018 - 11:46 GMT

Turkish Banks Free up Cash Through Foreign Lenders

Saudi Arabia is selecting finalists from five countries — the US, China, Russia, France and South Korea. (Shutterstock)
August 5th, 2018 - 11:14 GMT

Saudi Arabia Paves Its Path to Nuclear Power

UAE has improved its global ranking in Sustainable Economic Development Assessment index. (Shutterstock)
August 5th, 2018 - 11:03 GMT

The Reasons Behind Residents' Happiness in UAE

After posting Tuesday strong earnings and revenue for the April-May period this year, Apple shares gained 5.9 percent Wednesday on the New York Stock Exchange. (Pixabay)
August 5th, 2018 - 10:18 GMT

4 Milestones in Apple's Journey to $1 Trillion Market Value

The UAE and Saudi Arabia implemented 5 per cent VAT on a number of goods and services - including entertainment - from January 1, 2018. (Shutterstock)
August 5th, 2018 - 09:34 GMT

New Announcement by Federal Tax Authority in UAE

Jordanian Foreign Minister Ayman Safadi with French Minister of Europe and Foreign Affairs Jean-Yves Le Drian. (KUNA)
August 5th, 2018 - 09:29 GMT

France to Loan €1 Billion to Jordan

Iranian protesters shout slogans during a demonstration in central Tehran on June 25, 2018. (AFP)
August 5th, 2018 - 08:37 GMT

Protests Continue in Iran Due to Fear of New Sanctions

Saudi Arabia has restarted shipping through the Bab al-Mandab strait off the coast of Yemen, following its week-long closure after a Houthi attack. (Shutterstock)
August 5th, 2018 - 08:29 GMT

Saudi Arabia Resumes Oil Shipments Through Red Sea

The report has also projected that Qatar's current account balance would account for 7.5 percent of the total GDP. (Shutterstock)
August 5th, 2018 - 08:22 GMT

Report: Qatar GDP to Reach $75,063 in 2022

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