August, 2018

• 8 August

  Empower campaign helps reduce energy use by 5.6%

  

  ABU DHABI / WAM Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, continues its summer campaign, “240C Cool,” which was launched in July 2018. The three-month campaign seeks to reduce energy consumption by maintaining optimum temperature and redu- cing the value of customers’ consumption bills, to achieve sustainable development goals. Empower achieved 5.6 percent savings ...

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• 8 August

  Mubadala partners with UAE Disabled Sports Federation

  

  DUBAI / WAM Mubadala Investment Company announced the signing of an agreement with the UAE Disabled Sports Federation (UAEDSF) to sponsor the UAE Paralympian team until 2021. Eighteen Paralympians represented the UAE at Rio 2016 Paralympian Games and won a total of seven medals, beating their previous record of four medals in Athens. As part of the sponsorship, Mubadala and ...

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• 8 August

  Fujairah oil product stocks down by 3.3%

  FUJAIRAH / WAM Oil product stocks at the Middle East’s key oil hub of Fujairah fell another 3.3 percent in the week, a new seven-week low, as light distillate inventories slipped to their lowest level of the year. Total oil stocks were 18.114 million barrels, down 625,000 barrels from a week earlier, according to the Fujairah Energy Data Committee. Light ...

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• 8 August

  MOCCAE, Borouge join forces to protect the environment

  

  Abu Dhabi / WAM The Abu Dhabi based Borouge and the Ministry of Climate Change and Environment (MOCCAE) sealed an MOU to enhance plastics innovation and increase their efforts to protect the UAE climate and environment. In the presence of Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, as well as Abdulaziz Alhajri, Chairman of Borouge and ...

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• 8 August

  Hackers ‘attacking’ midterm elections, raising US alarms

  

  Bloomberg The US midterm elections are at increasing risk of interference by foreign adversaries led by Russia, and cybersecurity experts warn the Trump administration isn’t adequately defending against the meddling. At stake is control of the US Congress. The risks range from social media campaigns intended to fool American voters to sophisticated computer hacking that could change the tabulation of ...

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• 8 August

  11 ‘hired assassins’ offered $50 million, says Maduro

  Bloomberg Venezuela’s President Nicolas Maduro said 11 “hired assassins” trained in Colombia were offered $50 million to kill him as part of Saturday’s thwarted attack. The suspects were trained in a farm in Chinacota, Colombia, and were planning a July 5 attack that was postponed due to the delayed arrival of the two drones, Maduro said in a televised address ...

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• 8 August

  Zimbabwe opposition leader Biti held in Zambia, lawyer says

  Bloomberg Former Zimbabwean Finance Minister Tendai Biti, a leader of the country’s main opposition alliance, was arrested in neighbouring Zambia where he plans to seek asylum, his lawyer said. It’s unclear what Biti has been charged with, Nqobizitha Mlilo said by phone from the Chirundu border post in northern Zimbabwe. Biti fled the country because his life is in danger, ...

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• 8 August

  Najib charged with money laundering

  

  Bloomberg Former Malaysian leader Najib Razak pleaded not guilty to charges of money laundering linked to 1MDB as prosecutors alleged more wrongdoing by the ex-premier during his oversight of the state investment fund. Najib was charged with three counts of money laundering breaches related to SRC International Sdn, a former unit of state fund 1MDB. The charges carry a punishment ...

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• 8 August

  Pakistan military to add 60,000 troops to patrol Afghan border

  Bloomberg Pakistan will add 60,000 troops to boost its patrols along its disputed border with Afghanistan in an effort to curb the flow of insurgents passing between the two nations, according to military officials familiar with the matter. Forty percent of the troops have already been recruited in the exercise, which is expected to take two years, the officials said, ...

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• 8 August

  Pressure builds on UK Labour to back 2nd Brexit referendum

  

  Bloomberg Pressure is building on UK opposition leader Jeremy Corbyn to switch course and back a referendum on whatever Brexit deal the government reaches with the European Union. Labour Party activists are trying to force a debate on the issue at its annual conference in Liverpool next month. If they succeed—and there are still some hurdles—a second plebiscite that could ...

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