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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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Currently, 12 women are being trained to respond to emergencies. (Shutterstock)
July 5th, 2018 - 09:25 GMT

All-Women Rescue Teams at Dubai Beaches to Be Introduced Soon

Forex dealers said the rise of euro and yen against the greenback capped the rupee's fall. (Shutterstock)
July 5th, 2018 - 09:17 GMT

Rupee Reaches 18.68 vs Dirham

The UAE will have to pay more in salaries to attract and retain highly specialised talent. (Shutterstock)
July 5th, 2018 - 08:39 GMT

Salaries Expected to Increase Significantly for UAE Skilled Workers

No orders issued for expulsion of Qataris in 2017, UAE Ministry affirms. (Shutterstock)
July 5th, 2018 - 08:01 GMT

Qataris With Prior Permission Can Re-Enter UAE

The new addition sees the total designated zones increasing to 23 across the UAE. (Shutterstock)
July 5th, 2018 - 06:00 GMT

FTA Announces New Three UAE Free Zones out of VAT Scope

In May, Careem announced that it is currently in talks with investors to raise $500 million in funding. (Shutterstock)
July 4th, 2018 - 12:15 GMT

Uber Mulls Merger with Rival Careem in Middle East

The Central Bank of Oman reported that in 2017, up to OMR3.7 billion was sent overseas by expatriates living in the country, a slight drop from the OMR3.95 billion the previous year. (Shutterstock)
July 4th, 2018 - 11:52 GMT

More Than OMR3 Billion Worth of Remittances Sent by Expats in Oman Last Year

There has been a maximum average rental decrease of 10 per cent in most areas. (Shutterstock)
July 4th, 2018 - 10:56 GMT

Properties' Prices Keep Falling in Dubai

The partnership with VFS Global is part of Dubai FDI’s efforts to ensure a smooth journey for investors and advance their business. (CPI Financial)
July 4th, 2018 - 10:26 GMT

DED Agreement Facilitates Foreign Investor Licensing in UAE

Egypt kicked off its three-year $12 billion loan programme in late 2016. (Shutterstock)
July 4th, 2018 - 10:19 GMT

IMF Suggests Egypt Maintain Tight Monetary Policy to Avoid Inflation

Iranian President Hassan Rouhani (top- L) and Swiss President Alain Berset (top-R) watch as Iranian Foreign Minister Mohammad Javad Zarif (L) and Swiss Economic Minister Johann Schneider-Ammann sign an agreement in Bern on July 3, 2018. (AFP)
July 4th, 2018 - 09:49 GMT

Iran Threatens to Disrupt Oil Shipments From Neighboring Countries

Thanks to the growth in technology adoption, nationwide digital transformation, Smart Cities, and Expo 2020 Dubai, BMI Research predicts the UAE’s IT market will reach AED 20 billion in 2018. (Shutterstock)
July 4th, 2018 - 09:43 GMT

Smart Cities, Expo 2020 Drive UAE’s 2018 IT Market to Dh20 Billion

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