Schneider-Villaya

Auto parts maker Aptiv mulls relocating Ukraine production to Morocco

Automotive parts manufacturer Aptiv is mulling to relocate some of its production from Ukraine to Morocco, Aptiv’s CEO Still Joseph Massaro said. “Aptiv, based in Dublin, is trying to shift production to Poland, Romania, Serbia and possibly Morocco,” AP news agency reported citing Massaro. After the coronavirus pandemic and now the war in Ukraine, Morocco […]

Libya: French court rules in favor of Libyan side to keep Gaddafi’s luxurious plane

A French court Monday ruled in favor of the Libyan side which claims ownership of late Gaddafi’s luxurious plane also claimed by a Kuwaiti group to which the former Libyan regime owes millions of euros. The Airbus A340 plane was seized by the Kuwaiti al-Kharafi conglomerate following a ruling of a Cairo court in 2013. […]

Morocco: First Islamic Banks to Open Doors in 2017

Morocco’s central bank will start very soon granting permits to Islamic banks due to start operations in the North African Kingdom in 2017. So far several applications have been submitted to the Moroccan financial authorities for approval to open local branches. Among the applicants, two are from the Gulf region bidding to set up their […]