Hamad Al Kaabi, the UAE's permanent representative to the International Atomic Energy Agency, with Tom Ashby, the business editor of The National, at a forum on nuclear energy, organised by The National in Dubai yesterday. Silvia Razgova / The National
Hamad Al Kaabi, the UAE's permanent representative to the International Atomic Energy Agency, with Tom Ashby, the business editor of The National, at a forum on nuclear energy, organised by The NationShow more

Nuclear safety policy in Emirates brought into sharp focus



The Fukushima disaster and a recent cover-up at a nuclear plant in South Korea could have cast a shadow over the UAE's nuclear energy programme.

Instead, both incidents are giving Abu Dhabi a chance to bolster safety standards and guard against surprise occurrences - black swan events - five years before its first reactor is scheduled to go online.

"That's the thing about nuclear safety," said Hamad Al Kaabi, the UAE's permanent representative to the International Atomic Energy Agency, the United Nations atomic watchdog. "It's something that's always being improved and developed."

Safety has long been a watchword in the nuclear industry, and it has become even more important since the nuclear emergency in Japan last year and the incident in South Korea.

The UAE's programme - which is putting tremendous capital and manpower into building the Arab world's first nuclear plant - stands in contrast to that of nations such as Germany and Italy, which have abandoned their nuclear plans or are accelerating the decommissioning of nuclear plants. Abu Dhabi's desire to press ahead with its programme is more comparable to nations such as India and China, where pressing energy needs are driving plans to build new capacity as quickly as possible.

Only five years ago, the Emirates announced through a landmark policy paper its plans to develop atomic power.

Today, multiple new institutions are working in concert, thousands of foreigners have moved in to the remote coastal site selected for the reactors, and concrete for the first reactor building is scheduled to be poured in July, pending regulatory approval. By 2020, four reactors purchased from a South Korean consortium for US$20.4 billion (Dh74.86bn) are expected to be producing as much as a quarter of Abu Dhabi's power.

At the programme's beginning, Abu Dhabi's desire to join the elite group of powers producing nuclear energy was part of a global renaissance in the nuclear industry a quarter century after the explosion at Ukraine's Chernobyl plant.

That renaissance is now under question in some established nuclear nations, although not in emerging economies. On March 11 last year, an undersea earthquake generated a tsunami that crippled Japan's Fukushima Dai-ichi plant, releasing radiation and raising public concerns worldwide about the safety of a technology that nuclear advocates promote as a clean alternative to polluting fossil fuels.

"There are some additional safety measures that could be implemented to address the discussion internationally on these issues," said Mr Al Kaabi. "These are really not major design changes."

This year, power to the cooling systems at Korea's oldest reactor failed during a routine form of shutdown. The operating company, Korea Hydro & Nuclear Power (KHNP), was able to restore power after 12 minutes but failed to report the accident and, according to an investigation, destroyed some records, raising red flags about safety culture and transparency.

South Korea is the UAE's chosen partner in its nuclear programme.The operator of Kori 1, the reactor that suffered the cooling system malfunction, is to operate the UAE's plant with Emirates Nuclear Energy Corporation.

This week, it emerged that an emergency diesel generator at another South Korean plant had malfunctioned and that the incident had not been immediately reported by KHNP, the operator. Kim Jong-shin, the company's chief executive, resigned on Tuesday.

"With any incident of that nature, of course there is more awareness of the importance of the culture of safety," said Mr Al Kaabi. "Our policy from the very beginning stated that the UAE will be committed to the high standards of safety - the high standard of safety not only to adopt the safest design, safest plant, but also to focus on developing a culture of safety among workers, among entities, among all the relevant stakeholders."

The UAE has been in consultation with South Korea on the matter, he said.

"The unique thing about the nuclear industry is that culture of safety is for much higher standards than other industries in general," said Mr Al Kaabi. "Even if it's a very, very low risk, you still have to assume that it will happen and [anticipate] how the plant will react to that."

Other nations in the region have also laid out plans to develop nuclear power. Jordan, which relies on imports for more than 90 per cent of its energy, has put out a tender for one reactor, although financing is expected to be more difficult. Saudi officials have said the kingdom might build as many as 16 reactors but have not laid out a formal plan.

"The UAE is unique in terms of the approach it's taken, but also that's it's a newcomer to nuclear energy that is actually making real, complete progress on the programme," said Mr Al Kaabi.

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Results

5.30pm Maiden (TB) Dh82,500 (Turf) 1,400m

Winner Spirit Of Light, Clement Lecoeuvre (jockey), Erwan Charpy (trainer)

6.05pm Maiden (TB) Dh82,500 (Dirt) 1,900m

Winner Bright Start, Pat Cosgrave, Saeed bin Suroor

6.40pm Handicap (TB) Dh92,500 (D) 2,000m

Winner Twelfthofneverland, Nathan Crosse, Satish Seemar

7.15pm Handicap (TB) Dh85,000 (T) 1,600m

Winner Imperial Empire, Tadhg O’Shea, Satish Seemar

7.50pm Handicap (TB) Dh92,500 (T) 2,000m

Winner Record Man, Tadhg O’Shea, Satish Seemar

8.25pm Handicap (TB) Dh92,500 (D) 1,600m

Winner Celtic Prince, Fabrice Veron, Rashed Bouresly

Five famous companies founded by teens

There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:

  1. Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate. 
  2. Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc. 
  3. Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway. 
  4. Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
  5. Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
COMPANY%20PROFILE%20
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Company Profile

Company name: Yeepeey

Started: Soft launch in November, 2020

Founders: Sagar Chandiramani, Jatin Sharma and Monish Chandiramani

Based: Dubai

Industry: E-grocery

Initial investment: $150,000

Future plan: Raise $1.5m and enter Saudi Arabia next year

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Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

THE SPECS

Cadillac XT6 2020 Premium Luxury

Engine:  3.6L V-6

Transmission: nine-speed automatic

Power: 310hp

Torque: 367Nm

Price: Dh280,000

Dubai World Cup Carnival Thursday race card

6.30pm: Dubai Millennium Stakes Group Three US$200,000 (Turf) 2,000m
7.05pm: Handicap $135,000 (T) 1,600m​​​​​​​
7.40pm: UAE Oaks Group Three $250,000 (Dirt) 1,900m​​​​​​​
8.15pm: Zabeel Mile Group Two $250,000 (T) 1,600m​​​​​​​
8.50pm: Meydan Sprint Group Two $250,000 (T) 1,000m​​​​​​​
9.25pm: Handicap $135,000 (D) 1,400m
10pm: Handicap $135,000 (T) 1,600m

Teaching your child to save

Pre-school (three - five years)

You can’t yet talk about investing or borrowing, but introduce a “classic” money bank and start putting gifts and allowances away. When the child wants a specific toy, have them save for it and help them track their progress.

Early childhood (six - eight years)

Replace the money bank with three jars labelled ‘saving’, ‘spending’ and ‘sharing’. Have the child divide their allowance into the three jars each week and explain their choices in splitting their pocket money. A guide could be 25 per cent saving, 50 per cent spending, 25 per cent for charity and gift-giving.

Middle childhood (nine - 11 years)

Open a bank savings account and help your child establish a budget and set a savings goal. Introduce the notion of ‘paying yourself first’ by putting away savings as soon as your allowance is paid.

Young teens (12 - 14 years)

Change your child’s allowance from weekly to monthly and help them pinpoint long-range goals such as a trip, so they can start longer-term saving and find new ways to increase their saving.

Teenage (15 - 18 years)

Discuss mutual expectations about university costs and identify what they can help fund and set goals. Don’t pay for everything, so they can experience the pride of contributing.

Young adulthood (19 - 22 years)

Discuss post-graduation plans and future life goals, quantify expenses such as first apartment, work wardrobe, holidays and help them continue to save towards these goals.

* JP Morgan Private Bank 

Kat Wightman's tips on how to create zones in large spaces

 

  • Area carpets or rugs are the easiest way to segregate spaces while also unifying them.
  • Lighting can help define areas. Try pendant lighting over dining tables, and side and floor lamps in living areas.
  • Keep the colour palette the same in a room, but combine different tones and textures in different zone. A common accent colour dotted throughout the space brings it together.
  • Don’t be afraid to use furniture to break up the space. For example, if you have a sofa placed in the middle of the room, a console unit behind it will give good punctuation.
  • Use a considered collection of prints and artworks that work together to form a cohesive journey.
The specs

Engine: 3.0-litre 6-cyl turbo

Power: 435hp at 5,900rpm

Torque: 520Nm at 1,800-5,500rpm

Transmission: 9-speed auto

Price: from Dh498,542

On sale: now

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Best Foreign Language Film nominees

Capernaum (Lebanon)

Cold War (Poland)

Never Look Away (Germany)

Roma (Mexico)

Shoplifters (Japan)

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Company%20Profile
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