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.

Ocean tours from the comfort of a classroom may soon be reality in UAE

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Schoolchildren could soon be observing life beneath the ocean waves without getting their feet wet.

Coral reefs, seagrass beds and kelp forests can be viewed in real time from a classroom thanks to an educational programme that uses a network of underwater cameras.

The developers of the system – already used at three schools in the United States – yesterday met local educators and conservationists, hoping to introduce it in the UAE.

UAE Ambassador meets Netherlands Minister for Foreign Trade and Development Corporation

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Abdullah Hamdan Al Naqbi, the UAE Ambassador to the Netherlands, has held a meeting with Mrs. Lilianne Ploumen, the Dutch Minister for Foreign Trade and Development Cooperation.

The two sides spoke on the trade exchange between the two countries and aspects of joint investments in addition to the exchange of official visits and encouraging the private sector in the two countries through participation in trade fairs and events held in both countries.

They also discussed the possibility of partnership in field of Development and International Cooperation.