COURT WATCH- Court will hear EUR 150 lawsuit against Peugeot Citroen today: A Cairo court will begin hearing today a lawsuit brought by Arabian Investments, Development and Financial Investment Holding Co. (AIND) subsidiary Cairo for Development and Cars Manufacturing (CDCM) against Peugeot Citroen. CDCM brought the case after the French automaker ended a four-decade-old partnership, giving the local rights to the brands to a venture between Mansour Group and a Dubai-based company named Scope. The court had postponed the scheduled hearing from November. The plaintiffs are seeking EUR 150 mn in damages.
More from Enterprise
The CBE is taking a tougher stance on regulation
Last summer, HSBC paid the CBE a EGP 1.4 bn…
Farmers aren’t borrowing to survive anymore — they’re investing
Medium-term loans rose more than 1k% to EGP 22.6 bn…
Why do listed companies buy back treasury shares?
Dividends are subject to a 10% withholding tax, while buybacks…
Valu gets regulatory green light to start operations in Jordan
Former Jordanian Investment Minister Mothanna Gharaibeh will serve as chairman…