Egypt receives first batch of $35bln from UAE for Ras El-Hekma project
Egypt has received the first batch of the $35 billion funds pledged by the UAE to finance the multi billion-dollar development of the country’s Mediterranean coast known as Ras El-Hekma
The emergence of RPOs in the Gulf in recent years has prompted the establishment of additional or parallel entities in states where funds already existed
The global port operator reported 2% lower net profit for 2024 at $1.5 billion on higher finance costs and uncertain outlook due to geopolitical risks and changing global trade landscape.
The fragrance company will be run in a partnership between General Atlantic with Mona Kattan, sister of Huda Kattan, who founded parent company Huda Beauty in 2013 with her sisters and husband.
