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Energy

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

UAE, France team up for research and development in nuclear energy

By Hilal Mir
June 30, 2021 11:36 am

    • Exploring the product of green hydrogen powered by carbon-free nuclear energy part of the deal

    • French company EDF owns the largest nuclear fleet worldwide

     

    In keeping with the United Arab Emirates’ pursuit of clean electricity, and its plan to tackle climate change, it has signed an agreement with France for research and development in nuclear energy.

    The Emirates Nuclear Energy Corporation (ENEC) signed an initial agreement with France’s electric company EDF in this regard. Under the deal, the pair will share global expertise and the latest advancements in the nuclear energy sector. They will also explore the product of green hydrogen-powered by carbon-free nuclear energy. The French-owned entity operates the largest nuclear fleet worldwide, playing a key role in the global energy transition by exporting its expertise in low-carbon energies.

    It is part of the UAE’s efforts to pursue clean electricity and to tackle climate change, state news agency WAM has reported. The pair signed the deal during the annual E-Fusion (Emirati French Industrial Supply Chain Initiative for Nuclear), a two-day event between UAE and France.

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