Company Insights Emirates Nuclear Energy Corporation Energy Emirates Nuclear Energy Corporation News Energy Fourth nuclear reactor at Barakah in UAE completed Work on the fourth and final reactor at the Barakah Nuclear Energy Plant in Abu Dhabi has been completed, its operator said on Tuesday. Nawah Energy Company announced it has completed the process of loading fuel assemblies into Unit 4 at Barakah, just weeks after the Federal Authority for Nuclear Regulation issued the operating licence. […] December 19, 2023 Energy UAE and China to explore global nuclear partnership The UAE’s Emirates Nuclear Energy Corporation (ENEC) and China National Nuclear Corporation (CNNC) will explore development and co-investment opportunities for new nuclear energy plants around the world. Mohamed Al Hammadi, managing director and chief executive of ENEC, and Yu Jianfeng, chairman of CNNC, signed a cooperation agreement during the Cop28 summit which ended last week, […] December 18, 2023 Analysis Trade UAE and Kazakhstan launch trade investment platform The UAE and Kazakhstan have announced the launch of a new investment vehicle focused on high-growth sectors. The countries are planning $1 billion in annual bilateral trade. Abu Dhabi’s ADQ and the Qazaqstan Investment Corporation (QIC), the main driver of direct investment into Kazakhstan, said the focus will be on food and agriculture, mobility, healthcare, […] December 7, 2023 Energy UAE among nations vowing to treble global nuclear capacity Leaders from 21 countries have pledged to treble global nuclear capacity by 2050, in a bid to advance the transition towards net zero. Nine heads of state endorsed the declaration to triple nuclear energy capacity by 2050 during the Cop28 summit, the UAE state-owned Wam news agency reported. Canada, Czechia, Ghana, Finland, Hungary, Japan, Moldova, […] December 4, 2023 Energy Licence granted for fourth reactor at Abu Dhabi’s Barakah The UAE’s regulator has issued an operating licence for the final reactor at the Barakah nuclear power plant in Abu Dhabi. The 60-year licence, awarded by the Federal Authority for Nuclear Regulation (FANR), will allow operating company Nawah to commission and operate Unit 4. Nawah’s application was submitted six years ago, the regulator said. Hamad […] November 20, 2023 Analysis Trade Nuclear energy to power UAE-Romania trade growth Dubai International Chamber has set up a Romanian Business Council as part of efforts to build on non-oil trade between the UAE and the Eastern European nation, which exceeded $1 billion last year. The council will promote the interests of Romanian businesses and Romanian-owned UAE-registered companies in Dubai. It will also support Dubai’s presence in […] August 10, 2023 Analysis Energy UAE’s nuclear finance deal ‘sets standard for region’ The Barakah One Company has successfully completed the refinancing of the first commercial nuclear power station in the Arab World, based in the UAE. Located 53 kilometres from the city of Ruwais, the $32 billion Barakah Nuclear Energy Plant is being developed by Barakah One – a joint venture between Emirates Nuclear Energy Corporation (Enec) […] July 5, 2023 Trade South Korea delivers as UAE trade continues to grow Adnoc Logistics and Services took delivery of its first new-build oil tanker on Tuesday as part of growing UAE-South Korea trade and investment ties. The Adnoc subsidiary received Hafeet, a large crude carrier built by Hanwha Ocean at its Okpo Shipyard in Geoje Island, South Korea. The vessel, designed for long-haul voyages to ship crude […] June 22, 2023 Economy Gulf is ‘ideal playground’ for surging French investment France aims to boost its investment relationship with the GCC region by hosting an inaugural Vision Gulf event in Paris next month. The flagship conference organised by Business France, the country’s national trade agency, aims to promote increased collaboration between Middle East-based investors and French corporates. Taking place on June 13-14 at the French Ministry […] May 15, 2023 Energy UAE and China seek tie-up to develop nuclear energy The UAE state-owned Emirates Nuclear Energy Corporation (ENEC) has signed three memorandums of understanding (MoUs) with Chinese nuclear energy organisations. The MoUs were signed with Nuclear Power Operations Research Institute, China National Nuclear Corporation Overseas and China Nuclear Energy Industry Corporation, the UAE state-run WAM news agency reported on Sunday. The first MoU with Nuclear […] May 8, 2023 Posts navigation Previous 1 2 3 Next
Energy Fourth nuclear reactor at Barakah in UAE completed Work on the fourth and final reactor at the Barakah Nuclear Energy Plant in Abu Dhabi has been completed, its operator said on Tuesday. Nawah Energy Company announced it has completed the process of loading fuel assemblies into Unit 4 at Barakah, just weeks after the Federal Authority for Nuclear Regulation issued the operating licence. […] December 19, 2023
Energy UAE and China to explore global nuclear partnership The UAE’s Emirates Nuclear Energy Corporation (ENEC) and China National Nuclear Corporation (CNNC) will explore development and co-investment opportunities for new nuclear energy plants around the world. Mohamed Al Hammadi, managing director and chief executive of ENEC, and Yu Jianfeng, chairman of CNNC, signed a cooperation agreement during the Cop28 summit which ended last week, […] December 18, 2023
Analysis Trade UAE and Kazakhstan launch trade investment platform The UAE and Kazakhstan have announced the launch of a new investment vehicle focused on high-growth sectors. The countries are planning $1 billion in annual bilateral trade. Abu Dhabi’s ADQ and the Qazaqstan Investment Corporation (QIC), the main driver of direct investment into Kazakhstan, said the focus will be on food and agriculture, mobility, healthcare, […] December 7, 2023
Energy UAE among nations vowing to treble global nuclear capacity Leaders from 21 countries have pledged to treble global nuclear capacity by 2050, in a bid to advance the transition towards net zero. Nine heads of state endorsed the declaration to triple nuclear energy capacity by 2050 during the Cop28 summit, the UAE state-owned Wam news agency reported. Canada, Czechia, Ghana, Finland, Hungary, Japan, Moldova, […] December 4, 2023
Energy Licence granted for fourth reactor at Abu Dhabi’s Barakah The UAE’s regulator has issued an operating licence for the final reactor at the Barakah nuclear power plant in Abu Dhabi. The 60-year licence, awarded by the Federal Authority for Nuclear Regulation (FANR), will allow operating company Nawah to commission and operate Unit 4. Nawah’s application was submitted six years ago, the regulator said. Hamad […] November 20, 2023
Analysis Trade Nuclear energy to power UAE-Romania trade growth Dubai International Chamber has set up a Romanian Business Council as part of efforts to build on non-oil trade between the UAE and the Eastern European nation, which exceeded $1 billion last year. The council will promote the interests of Romanian businesses and Romanian-owned UAE-registered companies in Dubai. It will also support Dubai’s presence in […] August 10, 2023
Analysis Energy UAE’s nuclear finance deal ‘sets standard for region’ The Barakah One Company has successfully completed the refinancing of the first commercial nuclear power station in the Arab World, based in the UAE. Located 53 kilometres from the city of Ruwais, the $32 billion Barakah Nuclear Energy Plant is being developed by Barakah One – a joint venture between Emirates Nuclear Energy Corporation (Enec) […] July 5, 2023
Trade South Korea delivers as UAE trade continues to grow Adnoc Logistics and Services took delivery of its first new-build oil tanker on Tuesday as part of growing UAE-South Korea trade and investment ties. The Adnoc subsidiary received Hafeet, a large crude carrier built by Hanwha Ocean at its Okpo Shipyard in Geoje Island, South Korea. The vessel, designed for long-haul voyages to ship crude […] June 22, 2023
Economy Gulf is ‘ideal playground’ for surging French investment France aims to boost its investment relationship with the GCC region by hosting an inaugural Vision Gulf event in Paris next month. The flagship conference organised by Business France, the country’s national trade agency, aims to promote increased collaboration between Middle East-based investors and French corporates. Taking place on June 13-14 at the French Ministry […] May 15, 2023
Energy UAE and China seek tie-up to develop nuclear energy The UAE state-owned Emirates Nuclear Energy Corporation (ENEC) has signed three memorandums of understanding (MoUs) with Chinese nuclear energy organisations. The MoUs were signed with Nuclear Power Operations Research Institute, China National Nuclear Corporation Overseas and China Nuclear Energy Industry Corporation, the UAE state-run WAM news agency reported on Sunday. The first MoU with Nuclear […] May 8, 2023
