KARACHI: Honda Atlas Cars has re-appointed Hironobu Yoshimura as the President and Chief Executive Officer of the company for a period of three years commencing May 02, 2021. The Board of Directors of Honda Atlas Cars re-appointed Aamir H. Shirazi as the Chairman of the company for a period of three years commencing May 02,…
Mutares completes the acquisition of La Rochette from RDM Group
MUNICH: Mutares SE & Co. KGaA has completed the acquisition of RDM La Rochette S.A.S. from the Italian Reno De Medici (RDM) Group. La Rochette is located in Valgelon-La Rochette, France and produces Folding Boxboard based on virgin fibers (FBB). The company is the main producer in the FBB market in Southern Europe, with France…
Pakistan CPI increased by 11.1% YoY in April
Headline inflation clocked-in at 11.10% YoY in Apr-2021, compared to a 9.05% YoY increase in Mar-2021. The surge in inflation during the month is partly due to the low base effect in Apr-2020 when CPI had fallen by 0.84% MoM owing to the pandemic effect. On MoM basis, CPI increased by 1.03% in Apr-2021, mainly…
Carbios launched €105 million capital increase to finance its industrial development plans
PARIS: Carbios today announced the launch of a capital increase without shareholders’ preferential subscription rights by way of a public offering and with a priority subscription period, on an irreducible basis only, to its existing shareholders and a global offering, for an initial amount of €105 million. The Offering may be increased up to a…
Westpac New Zealand CEO David McLean to retire in June 2021
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…