A Cairo court rejected talk show host Bassem Youssef’s appeal to reverse a 2013 verdict ordering him to pay a EGP 100 mn fine to satellite network CBC, Ahram Gate reports. The Cairo Regional Center For International Commercial Arbitration had ruled in CBC’s favor back in 2013, ordering Youssef to compensate the company for contract violations.
More from Enterprise
CIB CEO Hisham Ezz Al Arab on why Egypt is ready to welcome digital-native banks
“Egypt is at the brink of an inflection point with…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Egypt looks to restart privatization push with five new EGX filings
Egypt is looking to temporarily list 20 state-owned companies this…
Instapay hits profitability as demand keeps up one year into 0.1% transaction fee
Instapay has also become the bridge between bank accounts and…