NIMs of Egyptian banks to stay resilient despite looming rate cuts: Fitch
Net interest margins (NIMs) of Egyptian banks will remain resilient despite large interest rate cuts likely to be announced by the Central Bank of Egypt this year
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.
