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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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Smart Crowd is a digital crowdfunding platform that pools capital among a group of people to collectively own a property. (Shutterstock)
July 25th, 2018 - 05:59 GMT

Smart Crowd: Have Your Own Property in Dubai for as Little as Dh5,000

Cryptocurrencies overall were also higher. The coin market cap of total market capitalization was at $300 billion at the time of writing compared to $288 billion on Monday. (Shutterstock)
July 24th, 2018 - 07:30 GMT

Bitcoin Rises Above $8,000 for First Time Since May

This is due to US withdrawal from the Iran nuclear deal and US President Donald Trump’s determination to bring Iran’s oil exports to a standstill. (Pexels)
July 24th, 2018 - 11:52 GMT

Crude Oil Markets to Face Fluctuating Prices

As of April, more than 800,000 had left the country since late 2016. (AFP)
July 24th, 2018 - 10:50 GMT

Saudi Economy Suffers from Foreign Workers Exodus

The total number of foreigners in the Saudi labor market declined by around 796,000 since the start of 2017.  (AFP/Karim Jaafar)
July 24th, 2018 - 10:36 GMT

Expats Exodus Shakes the Saudi Construction Sector

Rents have been negatively impacted by weak demand following job losses and cuts in housing allowances leading to more vacancies. (Shutterstock)
July 24th, 2018 - 10:24 GMT

Dropping in Demand Results in 2 Percent Fall in Abu Dhabi Rents

The roll-out of long-term residency visas could be a game changer for the real estate industry. (Shutterstock)
July 24th, 2018 - 10:02 GMT

Visa Reforms in UAE to Enhance the Real Estate Market

Compared to the 2016 scores, Oman has improved on all three indices and is ranked sixth among the Arab countries and second in the Online Services Index. (Shutterstock)
July 24th, 2018 - 09:50 GMT

UN Survey: Oman Ranks Second in Arab Region in Online Services Index

The tender is the second to be issued by the ministry under the National Renewable Energy Program, a government strategy which sets out specific targets on future renewable energy production. (Shutterstock)
July 24th, 2018 - 09:33 GMT

Saudi Arabia $500 Million Wind Farm Project Receives Four Bids

Riyadh came in the 30th place in this assessment of municipal portals, which studied 7 cities in Africa, 6 in the Americas, 13 in Asia, 12 in Europe, and 2 in Oceania, with the top three leaders among them being Moscow, Cape Town and Tallinn. (Shutterstock)
July 24th, 2018 - 09:19 GMT

Riyadh Hits 30th Place in UN E-Government Survey

The grand opening of the world's largest Warner Bros. branded indoor theme park is on July 25. (File/Photo)
July 24th, 2018 - 09:13 GMT

UAE Leaders Open The Doors to $1 Billion Warner Bros. World in Abu Dhabi

Driven by rapid advancements in Internet of Things (IoT) technology, cloud computing and network connectivity, smart city projects are setting out to overcome these issues and make cities cleaner, more efficient and better coordinated. (Shutterstock)
July 23rd, 2018 - 01:04 GMT

Smart City Projects to Resolve Urban Areas' Issues

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