Analysis Industry Uranium prices rise with demand for nuclear power Barakah in the UAE, Dabaa in Egypt, Bushehr in Iran and Akkuyu in Turkey. Nuclear energy is now seen by many countries as central to emissions reduction. It is little surprise then that demand for feedstock – mainly uranium – has been spiking. Prices for the mineral, which is critical to the production of nuclear power […] February 26, 2024
Energy Turkey to power first unit of Akkuyu nuclear plant Turkey’s nuclear regulator has approved a commissioning permit for the country’s first nuclear power-generating unit. The Akkuyu nuclear power plant is being constructed by Russia’s state-owned Rosatom in Mersin province on the southern Mediterranean coastline. The bid documentation for the permit was sent to the Council of the Nuclear Regulatory Agency (NDK) in two stages. […] December 13, 2023
Transport DP World and Rosatom to develop new shipping route Global ports operator DP World and Russian state nuclear company Rosatom have established a joint venture (JV) to develop transit container shipping along the Northern Sea Route (NSR). International Container Logistics was registered in Moscow this month according to Russian news agency Interfax, citing data in the Unified State Registry of Legal Entities. Rosatom Cargo owns 51 […] October 25, 2023
Energy UAE to produce nuclear-powered pink hydrogen The UAE is investigating the production of pink hydrogen, which is generated through electrolysis powered by nuclear energy. “We are conducting studies to produce pink hydrogen by capitalising on the heat from our nuclear plants,” said Sharif Salim Al Olama, undersecretary for energy and petroleum affairs in the energy and infrastructure ministry. The country already […] October 12, 2023
Video length: 07:09 Analysis Energy Riyadh adds safety valve to US and China nuclear quest Saudi Arabia is to allow inspections of future nuclear facilities, in an effort to persuade Washington to allow transfer of US reactor technology. The decision by Riyadh will appease Washington, but the Saudis are still courting China as a possible alternative option if US fears of nuclear proliferation prevent a deal. The Saudi government presented […] October 11, 2023
Opinion Energy A new nuclear age dawns – against all the odds Despite its bad press, emissions-free nuclear power can bridge the gap between fossil fuels and renewables August 28, 2023
Energy Israeli startup hopes to take nuclear fusion mainstream This week US scientists announced they had achieved net energy gain in a fusion reaction for the second time since December. The Lawrence Livermore National Laboratory in California deemed the successful experiment “a major scientific breakthrough decades in the making that will pave the way for advancements in national defence and the future of clean […] August 11, 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
Renewable Energy France’s Engie ramps up Middle East renewables push French utilities firm Engie is closing in on several opportunities in the Middle East as it looks to the region to help it hit targets to double renewables generation to 80 gigawatts by 2030. “We are trying to identify the best geographies for renewables and clearly the Middle East is one of those,” said Frédéric Claux, […] August 7, 2023
Opinion Energy Inside the Gulf’s great energy balancing act The region must be mindful of cannibalising hydrocarbons too early August 2, 2023
Analysis Energy Green for go: UAE’s long-term plan for hydrogen The UAE has unveiled its national hydrogen strategy as analysts predict that GCC members can play a key role as exporters. The blueprint for hydrogen is a “long-term plan to turn the UAE into a leading and reliable producer and supplier of low-carbon hydrogen by 2031”, according to Suhail bin Mohammed Al Mazrouei, minister of […] July 26, 2023
Renewable Energy Total signs deal to expand Turkey’s green energy output France’s TotalEnergies and Turkey’s Ronesans Holding have entered into a partnership to expand renewable power generation capacity in Turkey. TotalEnergies will take a 50 percent stake in Ronesans Enerji and jointly develop 1,000 megawatt (MW) of wind and solar farms over the next three years, the Daily Sabah newspaper reported, citing Ronesans Holding president Erman […] July 24, 2023
Banking & Finance UK helps UAE address financial grey list challenges The UK is helping the UAE deal with shortcomings highlighted by the Financial Action Task Force when it grey listed the Gulf state, a British government minister has told AGBI. “Our officials have very strong links in terms of assisting the UAE in how to improve systems and internal compliance and what sort of transparency […] July 20, 2023
Opinion Sustainability The UAE has a difficult path to negotiate As Cop28 host and a major oil exporter the Emirates faces a tricky balancing act July 17, 2023
Opinion Energy UAE roadmap for Cop28: high energy, low impact There are constraints imposed by life in a maritime desert, however July 14, 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
Energy Turkey talking to Russia and China for more nuclear plants Turkey is holding talks with Russia, South Korea and China to construct its second and third nuclear power plants. It is ready to build the second nuclear plant in the northern Sinop province, state-run Anadolu Agency reported, citing Salih Sari, head of the Turkish energy and natural resources ministry’s general directorate of nuclear energy and international projects. […] June 23, 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
Renewable Energy Gulf is worst performer for investment in renewables The Middle East is the worst-performing region for investment in renewable electricity sources, new research has found. Africa and the Middle East combined represented just 1.6 percent of worldwide investment last year, according to the Renewables 2023 Global Status Report. China accounted for 55 percent of total investment, followed by Europe at 11 percent and […] June 21, 2023
Opinion Trade Saudi Arabia’s ‘transactional’ relationship with China is evolving fast There's more to the partnership than just energy June 12, 2023
Health Saudi awards first PPP project in healthcare sector Saudi Arabia’s health ministry has awarded one of the kingdom’s first public-private partnerships (PPP) in the healthcare sector to Riyadh-based Altakassusi Alliance Medical. The project will deliver better radiology and imaging services to more than one million people across seven hospitals – King Fahad Medical City, Prince Mohammed Bin Abdulaziz Hospital, Al Dawadmi General Hospital, […] June 9, 2023
OPINION Energy Crisis looms for the Iranian natural gas sector While the world’s attention has been focused on the sanctioned Iranian oil industry, another vital part of the country’s energy infrastructure is deteriorating – its natural gas sector. Iran’s domestic economy and its consumers depend far more on gas than they do on oil. But if urgent financial, technical and commercial support is not provided […] June 2, 2023
