Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Energy

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

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.

    [adinserter block="5"]

    Most Read

    Getting vaccinated is ‘the most patriotic thing’ to do

    The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

    UAE’s working mothers get extended maternity leave

    The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

    Saudi Arabia to generate $150 billion in investments from its new transport policy

    The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

    GCC healthcare: Transforming the region and impacting the world

    PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

    New-Age Growth Comes Home to the GCC

    The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

    [adinserter block="4"]