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Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.
  • Unit 4 of Barakah Nuclear Energy Plant connected to UAE grid

    Abu Dhabi, UAE – The Emirates Nuclear Energy Corporation (ENEC) today announced that its operations and maintenance subsidiary, Nawah Energy Company, has safely and successfully connected Unit 4 of the Barakah Nuclear Energy Plant to the UAE’s transmission grid. The grid connection of the fourth reactor at the nuclear energy...
  • Unit 4 of UAE’s Barakah Nuclear Energy Plant commissioned

    Abu Dhabi, UAE - The Emirates Nuclear Energy Corporation (ENEC) on Friday announced that its operating and maintenance subsidiary, Nawah Energy Company, has successfully started-up the reactor of Unit 4 of the Barakah Nuclear Energy Plant (Barakah Plant). The reactor has begun initial production of heat through nuclear fission, used...
  • UAE’s FANR grants operating license for unit 4 of Barakah Nuclear Power Plant

    Dubai, UAE - The Federal Authority for Nuclear Regulation (FANR), serving as the UAE's independent nuclear regulatory body, has officially issued the Operating License for Unit 4 of the Barakah Nuclear Power Plant to Nawah Energy Company. The authorization, spanning 60 years, empowers Nawah to proceed with the commissioning and...
  • IAEA greenlights 3 national projects in Qatar

    Doha, Qatar - The International Atomic Energy Agency (IAEA) has given the green light to three new national projects in Qatar, slated to commence in January and span over three years. These projects, approved by the IAEA, encompass critical areas including the management of Naturally Occurring Radioactive Material (NORM) wastes...
  • ‘Saudi Arabia committed to peaceful nuclear energy’

    "The Kingdom underscores the need for collective international efforts to enforce the provisions of the Non-Proliferation Treaty and ensure its universal adoption. We also stress the importance of countering nuclear proliferation in the Middle East," the Saudi minister adds.
  • ENEC inks MoU with OSGE

    Aim is to help in decarbonization of the Polish power sector.
  • OPEC+ strives for market balance, sustainable growth

    The international oil bloc’s technical team constantly monitors variables in global oil markets and presents its recommendations to the ministerial committee to make appropriate decisions, which can help improve market stability and drive sustainable growth, adds Suhail bin Mohammed Al Mazrouei.
  • UAE joins $275m global effort toward Romania’s clean energy goals

    Abu Dhabi, UAE -- The UAE has joined global partners such as the US, Japan, and South Korea to commit up to $275 million towards nuclear energy in Romania. The announcement, made by US President Joseph Biden at the G7 Summit in Japan, is the first major nuclear energy initiative...
  • Small reactor startups vie to push US into new nuclear era

    Small modular reactors -- or SMRs -- similar to the ones currently powering submarines, are touted as the future of the nuclear energy industry. SMRs have been promoted as a cheaper option than legacy reactors, with shortened construction time and less fuel needed to power them, which translates into less...
  • MBM Holding, Portland Holdings ink MoU

    Firms will work together on nuclear, renewable energy.
  • Saudi Arabia, France ink MoU on energy cooperation

    The MoU encourages cooperation between the two countries in the fields of electricity, renewable energy, energy efficiency, energy storage, smart grids.
  • Iran says starts enriching uranium to 60% at Fordo plant

    Under a landmark deal struck in 2015, Iran agreed to mothball the Fordo plant and limit its enrichment of uranium to 3.67 percent, sufficient for most civilian uses, as part of a package of restrictions on its nuclear activities aimed at preventing it covertly developing a nuclear weapon. In return,...
  • ENEC, Atlantic Council sign three-year nuclear cooperation pact

    Abu Dhabi, UAE--- The Emirates Nuclear Energy Corporation (ENEC) has signed a three-year agreement with the Atlantic Council to collaborate on the Council’s Nuclear Energy Policy Initiative and support its efforts in promoting nuclear energy as a central component to the clean energy transition. The Atlantic Council is a US-based...
  • Russia blocks adoption at UN of nuclear disarmament text

    The Nuclear Non-Proliferation Treaty (NPT), which 191 signatories review every five years, aims to prevent the spread of nuclear weapons, promote complete disarmament and promote cooperation in the peaceful use of nuclear energy. The nations have been gathered at UN headquarters in New York since August 1 participating in a...
  • Sheikh Hamdan lauds success of Barakah Nuclear Plant

    The UAE is continuing its move towards environmentally friendly energy sources to fulfill its international obligations regarding climate change and the country will achieve the objectives to diversify energy sources and climate neutrality by 2050
  • ENEC, KEPCO discuss cooperation in nuclear sector, ways to curb carbon emission

    The Barakah Plant will help in the decarbonization of the power sector in the UAE and the Arab World
  • IAEA reports second Ukraine nuclear facility damaged

    The International Atomic Energy Agency said Monday (Mar 7) it has received reports of artillery shells damaging a nuclear research facility in Ukraine's besieged second city Kharkiv, but there was no "radiological consequence". The Vienna-based UN body said Ukrainian authorities reported an attack took place on Sunday, adding that no...
  • UN nuclear watchdog chief arrives in Tehran as UK says deal ‘close’

    Iran's Foreign Minister Hossein Amir-Abdollahian said he was prepared to travel to Vienna if a deal is reached.
  • Human capital drives UAE’s future plans: President

    Sheikh Khalifa bin Zayed Al Nahyan said UAE derives its human, socio-economic and cultural clout from robust constitutional, organizational and structural tenets.
  • Nuclear power will help in reducing carbon emissions

    Nuclear energy back in focus as climate crisis deepens

    To resist climate changes, more sustainable sources of energy like nuclear could become a norm in the near future.
  • UAE, France team up for research and development in nuclear energy

    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...
  • Seven things to look for from the Trump-Kim meeting in Singapore

    All eyes will be on the outcomes of Tuesday’s meeting between US President Donald Trump and North Korean supreme leader Kim Jong Un. Happening on the neutral grounds of Singapore, this will be the first-ever meeting between the US and North Korea’s top leaders in the last many decades. Trump...