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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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Despite a rise in yield on credit, driven by an increased cost of funds net interest margin (NIM) declined with five of the top 10 banks witnessed a decline. (Shutterstock)
July 16th, 2018 - 11:20 GMT

Report: Banking Sector in UAE to Record Higher Profitability and Liquidity in 2018

South Africa President Cyril Ramaphosa is on a mission to raise $100 billion in foreign direct investment in an attempt to revive the national economy. (Shutterstock)
July 16th, 2018 - 11:07 GMT

$20 Billion Worth of Investments in South Africa by Saudi Arabia and UAE

According to Russian news agency Sputnik, the Russian leader expressed hope that fans will take advantage of this opportunity and "come to Russia more than once with friends and members of their families." (Shutterstock)
July 16th, 2018 - 10:43 GMT

Russia to Grant Football Fans Visa-Free Entry till End of 2018

It is expected that, by lifting the ban on women driving in the Kingdom, the number of foreign chauffeurs will go down by about 30%. (KhT)
July 16th, 2018 - 10:36 GMT

Opinion: Lifting the Ban on Women Driving in Saudi Arabia Results in Economic Benefits

A move by the UAE to regulate the growing online world of paid social media is likely to be rolled out across the GCC in a bid to bring in tighter controls on the thriving industry, experts say. (Shutterstock)
July 16th, 2018 - 10:29 GMT

Will Other Gulf Nations Follow UAE's Lead and Rein in the Social Media Influencers?

Gulf carriers such as Etihad, Emirates and Qatar Airways are unlikely to materialize, as the region’s carriers continue to take stock after a period of bruising losses. (AFP)
July 16th, 2018 - 10:10 GMT

After a Tough 2017, Emirates, Etihad, and Qatar Airways Play It Safe at Farnborough Airshow


CMA is currently drafting plans to roll out mandatory health insurance, after the Council of Ministers reached a decision to make it a necessity for all residents and citizens in the country. (Shutterstock)
July 16th, 2018 - 09:53 GMT

Health Insurance to Become Mandatory in Oman

Saudi Arabia sees drop in expatriate workforce as unemployment rises. (Shutterstock)
July 16th, 2018 - 09:43 GMT

After the Expats Exodus, Saudi Arabia to Reduce Saudisation Targets in Some Retail Sectors from 100 Percent to 70 Percent

Saudi Arabia will introduce its first comprehensive bankruptcy law on August 18. (Shutterstock)
July 15th, 2018 - 11:46 GMT

Bankruptcy Reforms to Overhaul the Saudi Economy

SAGIA offers supportive and advisory services to organizations to deliver solutions to their business needs. (Shutterstock)
July 15th, 2018 - 11:35 GMT

Saudi Fintech Future Highlighted in London Forum

The casino has been in a fight with the state over closing down these centers, and the source said the two sides agreed in 2008 to shut down any gambling center other than the casino. (Shutterstock)
July 15th, 2018 - 11:27 GMT

Illegal Gambling Results in Loss of Millions in Lebanon

Ratio may be higher if refugee factor taken into account. (Shutterstock)
July 15th, 2018 - 11:11 GMT

IMF: Shadow Economy Accounts for 17 Percent of Jordan's GDP

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