Business News from Tuesday, February 18th, 2025

Dubai-based beauty moguls Huda and Mona Kattan have confirmed that brands Huda Beauty and Kayali are to operate separately, as private equity firm General Atlantic comes onboard to take ownership of the fragrance brand.

The UAE and Ukraine have discussed investment opportunities in the European country, with a particular emphasis on infrastructure projects, under the Comprehensive Economic Partnership Agreement (CEPA) between the two nations.

Electric vehicle maker Tesla has begun hiring in India, with the company of tycoon Elon Musk issuing advertisements days after US President Donald Trump's right-hand man met with India's premier.

Dubai International Financial Centre (DIFC) recorded its strongest-ever annual performance in 2024 thanks to combined revenues of AED 1.78 billion from almost 7,000 registered companies.