Challenge to train UAE nationals for nuclear jobs begins



As the nation gears up to launch its nuclear programme, qualified Emirati technicians are much sought after. The Emirates Nuclear Energy Corp (Enec), the agency charged with developing and operating the country's nuclear plants, hopes to train a generation of nationals to work in the nuclear sector. According to Enec's estimates, more than 2,100 will need to be trained by 2020. In March, Ali al Zaabi, the head of the programme management office at Enec, said 500 employees will be needed to operate the first plant, which is planned to come online in 2017. Officials hope 60 per cent of workers will be UAE nationals.

The Government's efforts to prepare a generation of Emiratis for work in the nuclear sector have been two-pronged: at home a series of new institutions and programmes will work to train technicians and engineers, while a number of study-abroad programmes have sent students overseas for first-hand exposure to nuclear technology. In November, Enec, the Khalifa University for Science, Technology and Research (Kustar) and the Federal Authority for Nuclear Regulation launched a scholarship programme to train the first wave of Emirati nationals to work in the field.

Thirty-eight UAE nationals were awarded scholarships to study engineering in the Emirates and overseas as part of the plan last year. Five students from the first class were given scholarships for master's degrees in nuclear engineering in France. A further 33 are doing bachelor's degrees in nuclear, electrical or mechanical engineering in the UAE, the UK and the US. The deadline for 2010 scholarships was at the end of June.

In March, the Government unveiled plans for the Gulf Nuclear Energy Infrastructure Institute, a partnership among Kustar, Enec and several US institutions, including the department of energy and Texas A&M University, which will focus on education in nuclear policy, safety and nonproliferation. The Institute of Applied Technology (IAT), a network of science and engineering high schools, also will play a key role in developing human capital.

In 2011, the IAT will launch a three-year diploma programme to train young Emiratis to work as nuclear technicians at the power plants. Over the summer, Enec sent 50 high school students from the IAT to train at the South Korean firm that leads the consortium contracted to build nuclear power plants in the UAE. One of the goals is to get students interested in careers in nuclear energy early. Abdullatif al Shamsi, the director general of the IAT, acknowledges that producing hundreds of engineers and technicians remains a difficult task for the nation's troubled school system.

"That is one of the challenges that we face here in the UAE," he said. "How do we create the manpower level to operate and maintain the nuclear power plants? "In a society like the UAE it is a challenge because that level of technicians is not available," Dr al Shamsi said. "To do that we have to start early on, we need to start in high school, to get them more excited." @Email:klewis@thenational.ae

Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

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A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia

The Light of the Moon

Director: Jessica M Thompson

Starring: Stephanie Beatriz, Michael Stahl-David

Three stars

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

WHAT ARE NFTs?

     

 

    

 

   

 

Non-fungible tokens (NFTs) are tokens that represent ownership of unique items. They allow the tokenisation of things such as art, collectibles and even real estate.

 

An NFT can have only one official owner at one time. And since they're minted and secured on the Ethereum blockchain, no one can modify the record of ownership, not even copy-paste it into a new one.

 

This means NFTs are not interchangeable and cannot be exchanged with other items. In contrast, fungible items, such as fiat currencies, can be exchanged because their value defines them rather than their unique properties.

 
Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.