August, 2018

• 14 August

  Dubai Properties’ drive to offset 1,450 tonnes of CO2 emissions annually

  Dubai / Emirates Business Dubai Properties, a member of Dubai Holding, has completed the installment of energy-saving systems in its communities that will offset an estimated 1,450 tonnes of CO2 emissions annually. The master developer enlisted Honeywell, the Fortune 100 software-industrial company, and Signify (formerly known as Phillips Lighting), the world leader in lighting, to carry out energy efficiency upgrades ...

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• 14 August

  Azizi’s AED12bn Meydan One project 20% complete

  

  Dubai / Emirates Business Azizi Developments, one of the leading private developers in the UAE, has announced a construction milestone for its flagship waterfront community project in Meydan One, Azizi Riviera. Comprising of 16,000 units, the AED12 billion project has crossed the 20 percent completion status. Ground floor works are completed across the mid-rise buildings that comprise of seven to ...

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• 14 August

  Etihad deploys additional flights for Hajj season

  

  ABU DHABI / WAM Etihad Airways is operating additional flights between Abu Dhabi and its destinations in the Kingdom of Saudi Arabia to facilitate the movement of thousands of pilgrims for Hajj. Until August 28, Etihad will operate special charters to carry pilgrims on its additional flights to Jeddah and Medina Airport. All flights will operate alongside regular scheduled services. ...

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• 14 August

  Zayed University ready to explore age of space, AI: Lubna Al Qasimi

  

  ABU DHABI / WAM Sheikha Lubna bint Khaled Al Qasimi, President of Zayed University welcomed 2161 new students enrolled for the new academic year 2018-2019. She directed them to be ambitious, competent, and innovative to meet proposed future aspirations. During her video welcoming speech at the opening of the New Student Orientation Program in Abu Dhabi and Dubai campuses, Al ...

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• 14 August

  India reviews e-commerce policy draft after criticism

  

  Bloomberg India is reworking proposed e-commerce rules after a draft, which had signalled a shift towards boosting domestic startups, sparked criticism, according to people familiar with the matter, who asked not to be identified as the discussions are private. Commerce Minister Suresh Prabhu tweeted on August 11 that his ministry had received a “few concerns,” and will reach out to ...

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• 14 August

  Tata Steel soars after Q1 profit rises to $279mn

  

  Bloomberg Tata Steel Ltd. shares advanced in Mumbai after the company said first-quarter profit doubled, with results bolstered by rising demand in India and growth in the global market supported by lower exports from China. Net income surged to $279 million in the three months to June, from 9.18 billion rupees a year earlier, according to a statement. Revenue climbed ...

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• 14 August

  Tencent-backed Chinese EV maker seeks $1.8bn US IPO

  

  Bloomberg NIO Inc., the electric-car maker backed by technology giant Tencent Holdings Ltd., filed for a $1.8 billion initial public offering as it gears up to compete against the likes of Tesla Inc. The company applied to list its American depositary shares on the New York Stock Exchange under the symbol NIO, and the $1.8 billion registration amount is a ...

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• 14 August

  ‘Malaysia hasn’t sought return of 1MDB-linked jet’

  Bloomberg Singapore hasn’t received any formal request from Malaysia to return financier Low Taek Jho’s private jet, part of the billions of dollars in assets that PM Mahathir Mohamad is seeking to claw back. “An aircraft that is the subject of ongoing 1MDB-related investigations is parked at Seletar Airport,” a representative for Singapore’s police said in response to queries. “Singapore ...

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• 14 August

  South Korea tells some BMW owners to park cars on fire risk

  

  Bloomberg South Korea’s government will tell owners of some BMW AG cars in the country to keep the vehicles off the roads until the German carmaker completes safety checks to address a defect after reports of nearly 40 cases of fire this year alone. After announcing a recall of more than 106,000 BMW cars in the country, the transport ministry ...

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• 14 August

  Lula’s party launches all-out push for his Brazil candidacy

  

  Bloomberg His supporters are descending on Brazil’s capital by the busloads, his lawyers wage legal battles, and his party stages hunger strikes, sit-ins, and news conferences in defense of his right to bid for the country’s top job. In public, allies of former President Luiz Inacio Lula da Silva are pulling out all the stops to get the imprisoned leftist ...

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