SYDNEY: Westpac New Zealand Limited Chief Executive Officer, David McLean has today announced he will be retiring after more than 20 years with the Group. Mr McLean joined Westpac New Zealand in 1999 and held a number of senior roles across retail and institutional banking, before being appointed CEO Westpac New Zealand Limited in February…
Jeremy Nicoll appointed CEO of Arvida Group, as McDonald stepping down
WELLINGTON: Chief Executive Officer of Arvida Group Limited, Bill McDonald, would be stepping down from his position at the end of September to pursue personal interests, the company announced. “Bill has done a fantastic job leading Arvida through an NZX listing in 2014 to become one of the larger and most respected retirement village and…
NZX and S&P Dow Jones jointly launch New Zealand’s first carbon efficient indices
AUCKLAND: New Zealand’s Exchange (NZX) today launched New Zealand’s first carbon efficient indices in partnership with the world’s leading index provider, S&P Dow Jones Indices (“S&P DJI”), amid rapidly growing investor interest, and action globally to reduce carbon emissions and address climate change, a news release said. New Zealand’s first ‘carbon light’ index Aligned with…
What is Blockchain?
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…