{"id":549527,"date":"2022-09-20T04:00:19","date_gmt":"2022-09-20T04:00:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/20\/the-drive-of-your-life-usaid-backs-cfc-technical-schools\/"},"modified":"2022-09-20T04:00:19","modified_gmt":"2022-09-20T04:00:19","slug":"the-drive-of-your-life-usaid-backs-cfc-technical-schools","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/20\/the-drive-of-your-life-usaid-backs-cfc-technical-schools\/","title":{"rendered":"The drive of your life + USAID backs CFC technical schools"},"content":{"rendered":"

Shalakany Law Office successfully defended a \u201cmajor French automotive <\/strong>company\u201d against an EGP 3 bn claim before a Cairo Court<\/strong>, the law firm said in an emailed statement. Shalakany partner Omar Sherif declined to comment on the subject of the litigation or disclose the names of the parties.<\/p>\n

Guess who: <\/strong>Those looking to decode the mystery French company might look to Peugeot and its years-long legal battle with Arabia Investments Holding (AIH). AIH filed an EUR 150 mn lawsuit against Peugeot in 2018, after the French firm unexpectedly ended the 41 year-old partnership. A Cairo court in March upheld<\/a> AIH\u2019s appeal of a January 2021 ruling from an Egyptian court that it lacked jurisdiction to consider the case.<\/p>\n

CFC to launch two technical schools to train industrial workers: <\/strong>Emirati fertilizer company CFC Group<\/a> will establish two technical schools for heavy industries and fertilizer production at a total investment cost of EGP 70 mn, in cooperation with our friends at USAID and the Education Ministry, CFC CEO Ahmed Khalifa reportedly told Al Mal<\/a>. The schools will be located in Qena and Menoufia and are set to kick off operations in the 2023-2024 academic year. CFC will earmark EGP 12 mn for the projects. CFC recently said it will invest USD 400 mn<\/a> to build an industrial complex in Qena under the new joint industrial partnership<\/a> between Egypt, the UAE, Jordan and Bahrain.<\/p>\n

More polymer banknotes in the making:<\/strong> The Central Bank of Egypt (CBE) will kick off 2023 with the release of EGP 20 polymer banknotes, Masrawy<\/a> reports, citing unnamed banking sources. The central bank introduced the first polymer notes in July with the debut<\/a> of the EGP 10 note.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shalakany Law Office successfully defended a \u201cmajor French automotive company\u201d against an EGP 3 bn claim before a Cairo Court, the law firm said in an emailed statement. Shalakany partner Omar Sherif declined to comment on the subject of the litigation or disclose the names of the parties. Guess who: Those looking to decode the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,2467,2227,73,72,2042,1566,2149,501],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549527","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-arabia-investment-holding","tag-cfc-group","tag-education","tag-enterpriseam","tag-higher-education-ministry","tag-peugeot","tag-shalakany-law-office","tag-usaid","wpautop","entry"],"acf":{"mongo_id":"270939a9-f624-464b-a699-0fee03257010","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[549507],"teaser":"","voice_url":""},"yoast_head":"\nThe drive of your life + USAID backs CFC technical schools - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/20\/the-drive-of-your-life-usaid-backs-cfc-technical-schools\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The drive of your life + USAID backs CFC technical schools\" \/>\n<meta property=\"og:description\" content=\"Shalakany Law Office successfully defended a \u201cmajor French automotive company\u201d against an EGP 3 bn claim before a Cairo Court, the law firm said in an emailed statement. 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The plaintiffs are\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544998,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/arabia-investments-wins-appeal-in-years-long-lawsuit-against-peugeot\/","url_meta":{"origin":549527,"position":3},"title":"Arabia Investments wins appeal in years-long lawsuit against Peugeot","author":"enterpriseam admin","date":"30 March 2022","format":false,"excerpt":"A Cairo court has upheld Arabia Investments Holding\u2019s appeal in its years-long EUR 150 mn lawsuit against Peugeot, filed in 2018 after the French firm unexpectedly ended the 41 year-old partnership. 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