UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

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 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.