Mideast shoppers among world’s most impulsive

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Consumers in the Middle East and Africa are among the most impulsive and brand-conscious shoppers in the world, new findings from a global survey revealed.

The latest Nielsen Global Survey of Consumer Shopping Behaviour, which polled more than 29,000 online respondents in 58 countries including UAE and Saudi Arabia, showed that approximately four out of ten people in the region (39 per cent) have a habit of impulsively buying things they don’t need.

Another feather in UAE’s green energy cap

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Economic diversification has long been a strategic goal of the UAE, so it is only appropriate that the country apply that policy to what has for decades been a cornerstone of its economy: Energy. The country proved it had the political will to do so last week, when UAE Minister of Foreign Affairs Shaikh Abdullah Bin Zayed Al Nahyan and British Prime Minister David Cameron launched the 175-turbine London Array project, the world’s largest offshore wind farm. The array, which is partly owned by Abu Dhabi-based Masdar, will supply about half-a-million UK homes with power.

Carbon credit buyers file formal complaints against UAE firm

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DUBAI // A group of clients have filed formal complaints about a local company that sells carbon credits as a green investment.

Advanced Global Trading (AGT) claims that its investors can make 30 per cent returns by buying and selling carbon credits. But AGT clients say they have been unable to liquidate their investments for months, and market experts say the assets AGT sold have little to no resale value. At least five investors have filed complaints with Dubai Public Prosecution and the Dubai Department of Economic Development (Ded).

UAE: Shaping the Global Future of Renewable Energy

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Thanks to the insightful vision of its wise leadership, the United Arab Emirates plays a leading role in today's renewable energy industry and climate change issues. The UAE's commitment towards this field was acknowledged when the country was chosen as the permanent headquarters for the International Renewable Energy Agency (IRENA) in Abu Dhabi.