The Dubai Unlocked investigation reinforces the need for ongoing scrutiny of efforts by the United Arab Emirates (UAE) to prevent and detect dirty money being invested in the country, Transparency International said today. Authorities in the UAE should now investigate the revealed cases and take action if there is suspicion that properties were purchased with...
Advocate Shamila Batohi, the National Director of Public Prosecutions of the National Prosecuting Authority (NPA), disclosed ongoing struggles faced by the South African government in its attempts to extradite Atul and Rajesh Gupta. The Gupta brothers, who are wanted in South Africa on charges including fraud and money laundering linked to State Capture, are currently...
The Caribbean island of Dominica has signed a Memorandum of Understanding (MoU) with UAE-based carbon credit project developer and buyer Blue Carbon at COP28 in Dubai, focusing on mitigation and carbon removal initiatives across several sectors, with the Bahamas and Comoros also inking agreements. Read more: carbon-pulse.com Photo: carbon-pulse.com
When poor countries are forced to default on their foreign debt, as Ghana and Zambia have done, they pay a heavy price. Cut off from credit of any kind, spending on health, education and dealing with the damaging effects of climate change comes to a juddering halt. Countries in the West often plead with us...
Fossil fuel demand must fall by a quarter by the end of this decade if governments want to limit the rise in global warming to 1.5C since the pre-industrial period, the International Energy Agency has concluded. Coal, oil and natural gas will all need to be replaced by clean energy at a rapid rate to...
As geopolitical winds shift, the US and European governments turn a blind eye to Emirates’ money laundering problem. BERLIN — Germany, the U.S. and several other Western countries are pushing a global money-laundering watchdog to give the financial system in the United Arab Emirates a clean bill of health despite persistent indications that the country...