AUCKLAND: CDL Investments New Zealand Limited (NZX: CDI), a residential property developer, announced its results for the year ended 31 December 2023 today. The company reported a profit after tax of $13.5 million, down from $31.2 million in 2022, due to the difficult market conditions and the absence of one-off gains. However, the company’s Chairman…
Goodman Property Trust to internalise management, launch funds platform
Goodman Property Trust (GMT), a leading owner of Auckland logistics property, has announced a proposal to internalise its management and establish a property funds management business. The proposal, which requires Unitholder and other approvals, would end the existing external management arrangement with Goodman Group, an ASX-listed property group that has been GMT’s manager and cornerstone…
MENA’s EV Market to Boom by 2028, Experts Say
Electric vehicles (EVs) are on the rise in the Middle East and North Africa (MENA), with the market expected to reach US$7.65 billion by 2028, according to a recent study by Deloitte. This was the main topic of discussion at a high-level roundtable hosted by Sustainability Forum Middle East (SFME), a regional platform for net-zero…
ZTE’s 5G-A to unleash the full potential of 5G technology
ZTE Corporation, one of the world’s leading providers of information and communication technology solutions, is proud to unveil the highlights of 5G-A at the Mobile World Congress 2024. This initiative aims to unleash the full potential of 5G technology and create infinite value. Green infrastructures pursue the perfect bit-watt curve ZTE’s 5G-A adopts a green…
H2U raises over $10 million in Series B funding, aims to become Asia’s digital health unicorn
H2U, Taiwan’s leading digital health brand, announced that it has raised over 10 million USD in its Series B round of funding before the lunar new year. The round was led by Korea’s largest medical laboratory, Seoul Clinical Laboratories (SCL), and joined by Taiwan’s biggest food company, Standard Foods, the leading protein and antibody reagent…
IMC to build a new integrated hospital in Jeddah
RIYADH: The International Medical Center Company (IMC), an associate company of Dallah Healthcare, has signed two agreements with specialized consulting companies for a new hospital project in Jeddah. The first agreement, worth 11 million Saudi Riyals, is with Dar Al-Handasah Company for the design of the new hospital, which will be built on a land…
Kinan International delays IPO on Nomu after CMA approval
RIYADH: Kinan International Real Estate Development Company, advised by Saudi Fransi Capital, has postponed its planned Initial Public Offering on the Parallel Market (Nomu) due to recent developments. The company had received approval from the Capital Market Authority (CMA) to offer 3.6 million shares, or 3% of its share capital, to Qualified Investors for a…
Saudi Lime Industries acquires Astra Mining for 164.6 million riyals
RIYADH: Saudi Lime Industries Company (SLIC) has signed a conditional binding agreement with Astra Industrial Group (AIG) and Tharawat Mining Company (TMC) to acquire 100% of the shares of Astra Mining Limited Company (AML), a leading producer of quicklime and hydrated lime in Saudi Arabia. The deal, which is expected to be completed within three…
How Frictionless Shopping is Changing Consumer Behavior and Expectations
Frictionless shopping is a term that describes retail experiences that are fast, convenient, and seamless for the customer. It involves using technologies such as self-scanning, self-checkout, in-item tagging, and check-out free stores to eliminate the need for manual scanning, queuing, or interacting with staff. According to a new research by Avery Dennison, a digital identification…
How the new pharmacare deal will benefit Canadians
Canada is on the verge of a major breakthrough in health care, thanks to a historic agreement between the Liberal government and the NDP on Pharmacare. This deal will create a universal, single-payer drug plan that will cover all Canadians and save them billions of dollars. Pharmacare is a long-standing demand of the labour movement,…
AerCap reports record results for 2023, confident about 2024 outlook
AerCap Holdings N.V., the world’s largest aircraft leasing company, announced its best-ever financial performance for the fourth quarter and full year of 2023 on Friday. The company’s CEO, Aengus Kelly, attributed the record results to the strong demand for aircraft, engines and helicopters, as well as the recovery of $1.3 billion in insurance settlements during…
Djinn Technologies acquires EF EVE, a leader in volumetric video software
Djinn Technologies Ltd., an Akuma Engineering Ltd. company, announced today the acquisition of EF EVE Ltd., a pioneer in consumer-friendly volumetric and spatial capture software. The deal includes all assets, patents, and intellectual property of EF EVE Ltd. Djinn Technologies is developing advanced volumetric and spatial camera sensor and scanning technologies. The company aims to…