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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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Qatari Emir Sheikh Hamad bin Khalifa al-Thani awaits for France's President Francois Hollande prior to a welcoming ceremony at the Diwan Emiri as part of a two-day official visit in Doha on June 23, 2013 (BERTRAND LANGLOIS/AFP/Getty Images)
June 25th, 2013 - 10:08 GMT

Qatar Emir steps down, hands torch to son

Stack of 50 euros bills
June 25th, 2013 - 05:00 GMT

Qatar and France launch $200m investment fund

Meeting at Dubai Stock Market
June 25th, 2013 - 05:00 GMT

Dubai stocks hit one year low on Fed stimulus concerns

Arabtec
June 25th, 2013 - 05:00 GMT

Arabtec to extend $650m rights period

The transactions took almost a year to complete due to the complex structures
June 24th, 2013 - 09:29 GMT

Saudi Alhokair units sign $1.2 bn financing for real estate deals

the Swiss bank failed to pay him for helping it become lead arranger on a $9 billion asset sale by the Kuwaiti telecommunications operator Zain
June 24th, 2013 - 09:24 GMT

Kuwait sheikh sues UBS for $21.4 mn in Dubai court

Mubadala and RDIF are each committing $1 billion
June 24th, 2013 - 05:23 GMT

Russian Direct Investment Fund and Mubadala establish co-investment fund

Last August, the IMF approved a $6.2 billion precautionary line of credit for Morocco over two years while urging reforms of its subsidy and pension systems
June 23rd, 2013 - 12:19 GMT

Morocco to begin cutting subsidies in two weeks

All 11 economists in a Reuters survey had forecast that the bank would keep rates unchanged
June 23rd, 2013 - 11:10 GMT

Egypt’s Central Bank keeps rates on hold

Artificially low government-controlled prices typical across the energy-rich Gulf region have discouraged new projects needed to meet its rapidly rising demand for natural gas
June 23rd, 2013 - 10:45 GMT

BP agrees retail price for hard-to-pump Oman gas project

Spot gold was down 4 per cent at $1,296.60 an ounce at 1454 GMT
June 23rd, 2013 - 10:44 GMT

Gold hits 2 1/2 year low as Fed signals an end to easy money

Jebel Ali Free Zone FZE's (JAFZ)
June 23rd, 2013 - 10:34 GMT

Fitch affirms Jebel Ali Free Zone FZE at B+

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