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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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An increasing number of Western banks and fund managers are looking to expand in the Kingdom. (Shutterstock)
August 1st, 2018 - 06:29 GMT

Credit Suisse Seeks Full Banking Licence in Saudi Arabia

To date, Naqvi denies wrongdoing, and remains outside the UAE after a warrant for his arrest had been issued. (AFP)
August 1st, 2018 - 06:20 GMT

Abraaj Founder Faces New Criminal Case Over Another Bounced Cheque

Funding in Saudi Arabia was able to keep pace in Q2 2018, showing strong signs of ecosystem growth in the Kingdom’s market according to The Badir report. (Shutterstock)
August 1st, 2018 - 06:08 GMT

Startups in Saudi Arabia Raise More than $3 Million Funding in Q2'18

The dollar was trading at about 112,000 rials on the black market compared to about 90,000 last week as Iranians braced for tough times ahead. (Shutterstock)
August 1st, 2018 - 05:55 GMT

Iran Faces Economic Disaster After Its Currency Plunges

Prices had been reduced for the month of July. (Shutterstock)
August 1st, 2018 - 04:47 GMT

New Petrol Prices for August in UAE

The WB already extended $250 million to the Kingdom last week as the first part of the $500 million financing. (Shutterstock)
July 31st, 2018 - 10:03 GMT

World Bank to Disburse $250 Million to Jordan in August

The remaining 2,341 subscribers were fixed narrowband internet customers, who have a speed of less than 256 kilobytes. (Shutterstock)
July 31st, 2018 - 09:02 GMT

Number of Internet Subscribers in Oman Increases by 11 Percent

Sisi mocked the viral Kiki challenge, which has swept social media. (Shutterstock)
July 31st, 2018 - 08:14 GMT

Sisi Blames Kiki Challenge for Egypt's Deteriorating Economy

Expo 2020 will give China an opportunity to demonstrate its institutional and technological innovation and showcase its history and culture. (Trade Arabia)
July 31st, 2018 - 08:04 GMT

Expo 2020 Signs Agreement to Strengthen Chinese Presence

The initiative reflects the efforts of the Knowledge Fund to support the development of the education sector and encourage investment in education. (Shutterstock)
July 31st, 2018 - 07:59 GMT

No Increase in Rental Value on Assets Leased to Schools in Dubai


The emirate’s hotel inventory is growing quickly with 17 new hospitality projects worth over $860 million delivered in the first quarter of 2018 only. (Shutterstock)
July 31st, 2018 - 07:53 GMT

Report: Dubai Hospitality Projects' Value Reaches $43 Billion in Q1'18

The financing would help the government diversify its funding sources, extend its debt maturity profile and reduce costs. (Shutterstock)
July 31st, 2018 - 07:48 GMT

Standard Chartered to Raise $1.2 Billion in Oman

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