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
Egypt continues to issue LCs as usual
LCs continue to be processed — albeit after closer inspection…
EGX kicks off first day of futures trading on the EGX
The rollout includes 3- and 6-month future contracts tracking the…
Beltone to launch Fadda, Egypt’s first-ever silver investment fund
Good afternoon, friends, and (almost) Eid Mubarak. With Ramadan on…
How Egypt’s fintech players can own the digital Eidiya evolution
💸 Eid traditions in Egypt (and the region) have held…