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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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Tenants have said that the law would displace thousands of families who rent in Beirut under an old law that governs lease contracts enacted before 1993.
May 8th, 2014 - 04:28 GMT

Landlord efforts go down the drain in Lebanon: After passing through parliament, Suleiman refuses to sign new rent law

Asked when Oman was going to decide on potential changes to subsidy levels, Balushi said: “It’s an exercise that is going on, it could be this year, it could be next year.”
May 8th, 2014 - 04:20 GMT

Tick tock: Oman is on the verge of lifting subsidies

Leaders of the six-nation GCC have set January 1 to implement the customs union, first launched in 2003 and delayed on several occasions to resolve hurdles.
May 8th, 2014 - 04:13 GMT

It's the thought that counts? GCC customs union set for Jan.1st

Egypt is currently trying to reduce a budget deficit which hit 14 percent in the 2012-2013 fiscal year, bringing it down to 11-12 percent by the end of the current fiscal year.
May 8th, 2014 - 03:58 GMT

Going after the 1%? Egypt's cabinet approves 'exceptional' tax hike on the rich

Egypt has obtained billions of dollars in loans from other Gulf Arab states in recent months. Some of that money has been used to help Cairo fund energy costs.
May 8th, 2014 - 03:49 GMT

Desperate to avoid more blackouts: Egypt is soliciting $2.5 billion to cover gas imports

KIPCO’s first-quarter revenue rose 19 per cent to 137 million dinars.
May 7th, 2014 - 11:59 GMT

Keeping up with KIPCO: the investment giant posts 20% profits

Out of the total, 14,438 transactions were in Amman alone, accounting for 42 per cent, and 19,560 transactions were in other governorates, accounting for 58 per cent.
May 7th, 2014 - 11:54 GMT

Real estate sector in Jordan gaining unstoppable momentum

“The cultural and historical background of the two nations indicate the close friendship between Iran and China, therefore, media collaboration in all technical and production fields can be developed,” Musavi said.
May 7th, 2014 - 08:47 GMT

A common censorship agenda? Iran and China to expand media relations

One of the two largest gas fields in Israel, Tamar was discovered in the eastern Mediterranean in 2009 and holds an estimated 10 Tcf of gas.
May 7th, 2014 - 08:36 GMT

A cruel role reversal: Israel to export Tamar gas to Egypt

Kuwait has boasted a budget surplus in each of the past 14 fiscal years, helping its sovereign wealth fund to increase to over $400 billion.
May 7th, 2014 - 03:55 GMT

Tough love: the IMF has a few things to say to Kuwait

The Suez Canal is the fastest shipping route between Europe and Asia and brings around $5 billion a year.
May 7th, 2014 - 02:55 GMT

High bids, higher stakes: Winner of massive Suez Canal tender to be announced next month

IEC said in response, "IEC is using every means at its disposal to collect the debt from the Palestinian Authority."
May 7th, 2014 - 02:55 GMT

Weren't they doing that anyway? Israel Electric threatens to cut off electricity to Palestinians over $435 million dispute

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