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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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The price of oil inched higher above $104 a barrel Wednesday as the conflicts in Ukraine and Libya posed renewed risks to crude supplies.
May 28th, 2014 - 06:15 GMT

Ukraine, Libya raise oil prices up to $104 barrel

Output from the hydrocarbon sector was a key driver of growth from 2011 onwards when benchmark oil prices were $100 per barrel or above. This is in contrast to world GDP growth, which is recovering at quite a slow pace — below three per cent for the third year in a row — and downside risks fail to subside.
May 28th, 2014 - 05:47 GMT

Egypt and Yemen included? MENA economies to grow faster than the rest of the world

Al Bawaba
May 28th, 2014 - 05:40 GMT

Settling things properly: Dubai sets up 'dispute settlement authority' for businesses

Al Bawaba
May 28th, 2014 - 05:24 GMT

Arabtec takes lion's share of Dubai Financial Market, restricts trading in other shares

Under Jordanian labour laws, an unlicensed change of activity is considered a violation of the law, and the number of Egyptian workers in violation of the law is unofficially estimated to be between 750,000 and one million workers.
May 28th, 2014 - 04:59 GMT

Feeling tough these few days? Jordan to deport 260 Egyptians for labor law violations

Qatar's emir has instructed all companies listed on the country's stock exchange to raise their limit for foreign ownership to 49 percent in a move that could attract more liquidity to the buoyant bourse.
May 27th, 2014 - 10:26 GMT

Welcoming liquidity: Qatar firms ordered to raise foreign ownership cap to 49%

Passenger traffic through Dubai’s main airport, one of the world’s busiest, rose 13.7 per cent from a year earlier to 6.16 million people in April, the airport operator said on Tuesday.
May 27th, 2014 - 09:39 GMT

They keep coming: Dubai airport traffic up 13.7% in April alone

David Haigh, who until March was deputy chief executive of Dubai-based GFH Capital, a unit of Bahrain’s Gulf Finance House, has been referred to Dubai’s public prosecutor for trial.
May 27th, 2014 - 09:26 GMT

Ex-leeds official accused of embezzling $6.75 million in Dubai

A sewage plant is also being constructed, also part of infrastructural development in the UAE, and the first phase of the plant has already been completed, said Al Nuaimi.
May 27th, 2014 - 02:55 GMT

Jealous much? Ajman to spend 40% of its budget on new airport and attracting tourists

Al Bawaba
May 27th, 2014 - 02:55 GMT

The power struggle continues: Erdogan harshly criticizes central bank, asks if "it's kidding"

Al Bawaba
May 27th, 2014 - 02:55 GMT

Always outside its comfort zone: UAE signs open skies agreement with Cuba

Al Bawaba
May 26th, 2014 - 10:12 GMT

New convertible Jaguar hits Saudi streets

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