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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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He said he could save a handsome amount by holding the remittance for more than two weeks.
June 11th, 2013 - 05:13 GMT

Indian expatriates cash in on rupee’s record low

The DFM General Index dropped 2.30 per cent to 2,344.76 amid declining turnover
June 11th, 2013 - 05:00 GMT

Dubai stock market suffers biggest one-day drop in 15 months

Market breadth stood in favour of advancers as of the 52 securities traded for the day 26 advanced while 17 declined and 19 stocks closed unchanged
June 11th, 2013 - 05:00 GMT

MSM shares gain on local buying support

Minister of Petroleum and Natural Resources Sherif Hadarra
June 10th, 2013 - 11:35 GMT

Petroleum minister, Morsi's adviser travel to Qatar to discuss gas needs

The interest generated by the bid demonstrates the confidence that the local financial institutions place in supporting the local industrial sector
June 10th, 2013 - 11:31 GMT

Qatar Petrochemical Co. $270 expansion funded by bank

Al Noor is the second UAE healthcare company to launch an IPO and list on the LSE
June 10th, 2013 - 11:22 GMT

Emirati hospital floats 34% of stocks in london, bid for $390 mln

Gulf Bank will jointly work with Korea Eximbank to provide financial solutions to Korean companies in Kuwait
June 10th, 2013 - 10:38 GMT

Bankers sign deal to finance Kuwaiti projects

The stock exchange's benchmark index dropped for its sixth day of declines
June 10th, 2013 - 10:37 GMT

Political unrest increases Egypt T-bill yields, investors cautious

According to prosecution records, J.B. abused her post at the Dragon Mart administration and forged the blank cheques worth more than Dh1.3 million and wrote J. T.’s name as the beneficiary
June 10th, 2013 - 09:52 GMT

Former Nakheel executive accused of embezzling $270 mn

“We are not moving as some expected us to move. We are moving at our own pace..."
June 10th, 2013 - 09:46 GMT

Russian oil major Rosneft "in no rush" to sell non-core, less profitable assets

UAE would attract significant capital flows in additional foreign investment
June 10th, 2013 - 06:00 GMT

Revising outlook: UAE, Qatar emerge to see $3 billion in gains

This new financial tool is arguably an addition to the markets and will further boost trading on those markets
June 10th, 2013 - 05:00 GMT

UAE financial markets to trade rights issues

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