What is Blockchain? Blockchain is a type of database. A database is a collection of information that is stored electronically on a computer system. Information, or data, in databases is typically structured in table format to allow for easier searching and filtering for specific information. What is the difference between someone using a spreadsheet to…
What is CBD?
What is CBD? Cannabidiol (CBD) is one of the naturally occurring cannabinoids found in the cannabis plants (sativa & indica species). Although there are a total of at least 113 chemical compounds known as cannabinoids in Cannabis, the most famous are tetrahydrocannabidiol (THC) and Cannabidiol (CBD). Unlike the THC constituent of cannabis, CBD is non-psychoactive…
100% woman-owned Drysdale Properties acquires Berkshire Hathaway HomeServices
SONORA: Drysdale Properties, among the nation’s 100% woman-owned companies, announced its acquisition of Berkshire Hathaway HomeServices California Realty. The Sonora professionals are joining forces with the larger Bay Area Berkshire Hathaway HomeServices brokerage to enhance services, tools, and reach. The announcement was made by Gretchen Pearson, President/CEO, Berkshire Hathaway HomeServices Drysdale Properties. The office, located…
TAQA Group completes $1.5 billion 7-year and 30-year dual-tranche bond offering
ABU DHABI: Abu Dhabi National Energy Company (TAQA) announced today the successful placement of an aggregate US$1.5 billion in 7-year and 30-year dual-tranche senior unsecured notes. The 7-year notes, sized at $750 million and maturing April 2028, were issued at a coupon rate of 2.0%. The 30-year notes, also sized at $750 million and maturing…
Dubai Investments reports surge in profits to AED 123.8 million in Q1
DUBAI: Dubai Investments PJSC has reported a surge in Q1 2021 net profit to AED 123.8 million compared to a loss of AED 6.8 million in the same period last year. Total income increased to AED 637.6 million compared to AED 464.8 million in the first quarter of 2020, on the back of strong performances…
Qatar listed companies report 30.74% jump in profits
DOHA: All of Qatar Stock Exchange listed companies – with the exception of Qatar General Insurance & Reinsurance Company – have disclosed their financial results for the period ended March 31, 2021. The results show a net profit of QR 10.92 billion compared to QR 8.36 billion for the same period last year, the mount…
PSO, PARCO and PAPCO to jointly install 20-km fuel transportation line between Karachi and Port Qasim
Pakistan State Oil (PSO), Pak Arab Refinery Limited (PARCO) and Pak Arab Pipeline Company (PAPCO) will jointly develop a 20-km pipeline link between Karachi port and Port Qasim for fuel transportation
Pakistan cuts international air traffic by 80 percent to control Covid spread
ISLAMABAD: Government of Pakistan has announced to cut international flights by 80% to control the coronavirus spread in the country. Inbound air traffic will operate at 20% of the total current quantum, while there is no change in the existing Category C list countries. “Amid high disease prevalence in various parts of the world and…
VDL Groep proposes to acquire all shares in Neways Electronics International
AMSTERDAM: VDL Groep B.V. has forwarded an indicative proposal to Neways Electronics International N.V. to acquire all outstanding shares in the capital of Neways. VDL Groep is a large shareholder in Neways. The indicative offer price is EUR 12.50 (cum dividend) in cash for each Neways share. Consistent with their fiduciary duties, the Board of…
MSCI Semi Annual Index Review May’21
§ Pakistan’s equity market has recorded a decrease of 2.2% or 1,002pts (USD based return of +0.67%) since the last MSCI semiannual review back in Feb’21. § At present, Pakistan has a weight of 0.016% in MSCI EM. What to expect May’21 SAIR § As per MSCI Global Index Methodology Apr’21, the criteria for Emerging Markets includes full…
Supernet Limited plans listing of its shares on Pakistan Stock Exchange
KARACHI: Supernet Limited, a wholly owned subsidiary of Telecard Limited, is exploring the option of listing its shares on Pakistan Stock Exchange (PSX) through an initial public offering, a bourse filing said. Telecard is actively looking towards enhancing its footprint in technology sector and feels confident that it will do so in coming months while…
Horisont Energi becomes newest member of the European Clean Hydrogen Alliance
SANDNES: Horisont Energi, the Norwegian carbon tech start-up, is further expanding its commitment to clean energy by joining the European Clean Hydrogen Alliance (ECH2A). The European Clean Hydrogen Alliance was formed as part of the European Union’s New Industrial Strategy for Europe in July 2020 in the context of the hydrogen strategy for a climate-neutral…