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February 18, 2025
Huda Beauty sells fragrance brand Kayali to General Atlantic

Huda Beauty, the Dubai-based cosmetics firm, will sell its ownership in its fragrance firm Kayali to US growth equity firm General Atlantic for an undisclosed sum

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LSE-listed Dar Global ramps up Saudi investments with land acquisitions worth $390mln

The investments are valued at $390 million.

LSE-listed Dar Global ramps up Saudi investments with land acquisitions worth $390mln
LSE-listed Dar Global ramps up Saudi investments with land acquisitions worth $390mln
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S&P raises Saudi Arabia’s rating to A+ on economic overhaul

This is due to the ongoing social and economic transformation in line with the Vision 2030 programme.

S&P raises Saudi Arabia’s rating to A+ on economic overhaul
S&P raises Saudi Arabia’s rating to A+ on economic overhaul
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Dubai-based DP World’s 2024 profit drops 28%; warns of uncertain outlook

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.  

 
Dubai-based DP World’s 2024 profit drops 28%; warns of uncertain outlook
Dubai-based DP World’s 2024 profit drops 28%; warns of uncertain outlook
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Ras Al Khaimah launches $1bln 10-year USD sukuk

Ras Al Khaimah launches $1bln 10-year USD sukuk
Ras Al Khaimah launches $1bln 10-year USD sukuk
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Investments in MENA start-ups climb nearly fivefold to $494mln

Entrepreneurs in Saudi Arabia and the UAE dominated the fundraising, making up 92% of the total investment value.

Investments in MENA start-ups climb nearly fivefold to $494mln
Investments in MENA start-ups climb nearly fivefold to $494mln
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Join Dubai, Abu Dhabi stock exchanges to drive investments - Egyptian billionaire Naguib Sawiris

Join Dubai, Abu Dhabi stock exchanges to drive investments - Egyptian billionaire Naguib Sawiris
Join Dubai, Abu Dhabi stock exchanges to drive investments - Egyptian billionaire Naguib Sawiris
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NIMs of Egyptian banks to stay resilient despite looming rate cuts: Fitch

The central bank is expected to start its monetary easing cycle on February 20.

NIMs of Egyptian banks to stay resilient despite looming rate cuts: Fitch
NIMs of Egyptian banks to stay resilient despite looming rate cuts: Fitch
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UAE’s Alpha Data to sell 40% stake in IPO

UAE’s Alpha Data to sell 40% stake in IPO
UAE’s Alpha Data to sell 40% stake in IPO
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MENA firms secure over $2bln deals to boost industries, create jobs

MENA firms secure over $2bln deals to boost industries, create jobs
MENA firms secure over $2bln deals to boost industries, create jobs