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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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Market indicators suggest there was broad-based market slowdown in 2017. (Shutterstock)
July 19th, 2018 - 09:39 GMT

Report: Consumer Sector in Egypt to Fully Recuperate by Early 2019

Omani economy is heading towards a sustainable recovery. (Shutterstock)
July 19th, 2018 - 09:26 GMT

Analysis: Economy in Oman Is Recovering

Cannabis to Be Legalized in Lebanon for Medical Use. (Shutterstock)
July 19th, 2018 - 09:06 GMT

Cannabis to Be Legalized in Lebanon for Medical Use

Google aims to file an appeal against the €4.34 billion ($5.06 billion) fine imposed by the European Commission. (Shutterstock)
July 19th, 2018 - 08:59 GMT

Google to File an Appeal Against EU's €4.34 Billion Fine

Bitcoin’s rally cooled on Thursday after recording its biggest three-day rally this year. (Shutterstock)
July 19th, 2018 - 08:43 GMT

Bitcoin Falls Again After Climbing Above $7,500

The law, passed by parliament approved a EGP 5 billion start-up capital for the fund called ‘Egypt Fund’ with EGP 1 billion pounds to be transferred immediately from the treasury. (Shutterstock)
July 19th, 2018 - 08:38 GMT

EGP 200 Billion Sovereign Wealth Fund to Be Set up in Egypt

Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude. (Shutterstock)
July 19th, 2018 - 08:02 GMT

Aramco Mulls over Acquisition a Stake in SABIC

The Amazon founder and CEO now has a net worth more than $150 billion. (AFP)
July 18th, 2018 - 01:04 GMT

Amazon's Finder Becomes Richest Man in Modern History

The US low-cost carrier JetBlue last week became the first purchaser of the aircraft since its rebrand, with an order for 60 of the single-aisle planes. (AFP)
July 18th, 2018 - 12:34 GMT

Airbus Witnesses Increase in Regional Demand for A220

The bank operates in 30 countries on five continents and owns 40 per cent of Saudi Arabia’s Arab National Bank. (File/Photo)
July 18th, 2018 - 11:33 GMT

Arab Bank to Open Its First Branch in China

The certification covers Stellar’s blockchain and its native currency called Lumens. (Shutterstock)
July 18th, 2018 - 11:24 GMT

Blockchain Platform Stellar Attains Shari’ah Compliance Certificates in Bahrain

The value of cross-regional deals targeting the Middle East increased to $8.1 billion in 2018 first half from $6.4 billion in the same 2017 period. (Shutterstock)
July 18th, 2018 - 11:13 GMT

UAE Dominates the Middle East's M&A Field

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