• Some of the Emirati staff behind the nuclear project, which has been more than a decade in the making. All photos courtesy Fanr
    Some of the Emirati staff behind the nuclear project, which has been more than a decade in the making. All photos courtesy Fanr
  • The UAE's nuclear regulator issued an operating licence for the first reactor at Barakah in February 2020
    The UAE's nuclear regulator issued an operating licence for the first reactor at Barakah in February 2020
  • Delivering the project has been a feat of engineering. As many as 18,000 people worked on the project at the height of construction.
    Delivering the project has been a feat of engineering. As many as 18,000 people worked on the project at the height of construction.
  • Fifty-three Emiratis have recently been certified as senior reactor operators and many more will be needed in coming years
    Fifty-three Emiratis have recently been certified as senior reactor operators and many more will be needed in coming years
  • There is growing interest among new Emirati graduates to enter the nuclear training programmes
    There is growing interest among new Emirati graduates to enter the nuclear training programmes
  • Nuclear plays a significant part in targets to reduce gas-fired power generation to 38 per cent by 2050, along with renewable energy from solar and some clean coal.
    Nuclear plays a significant part in targets to reduce gas-fired power generation to 38 per cent by 2050, along with renewable energy from solar and some clean coal.
  • “The nuclear programme has huge upfront costs to provide a certain level of security," Hamad Al Kaabi said. "But once you make that investment in the construction of the plant, the operation and fuel cost is very minimal compared to the overall cost.
    “The nuclear programme has huge upfront costs to provide a certain level of security," Hamad Al Kaabi said. "But once you make that investment in the construction of the plant, the operation and fuel cost is very minimal compared to the overall cost.
  • Sheikh Mohamed bin Zayed previously said Barakah is a "new chapter in our journey for the development of peaceful nuclear energy"
    Sheikh Mohamed bin Zayed previously said Barakah is a "new chapter in our journey for the development of peaceful nuclear energy"
  • "As we prepare for the next 50 years to safeguard our needs, our biggest strength is national talent," Sheikh Mohamed said.
    "As we prepare for the next 50 years to safeguard our needs, our biggest strength is national talent," Sheikh Mohamed said.
  • The four huge reactors at Barakah
    The four huge reactors at Barakah
  • Hamad Al Kaabi, the UAE's permanent representative to the International Atomic Energy Agency, and Christer Viktorsson, director general of the Federal Authority for Nuclear Regulation, speak about the first reactor to be licensed in February. Khushnum Bhandari for The National
    Hamad Al Kaabi, the UAE's permanent representative to the International Atomic Energy Agency, and Christer Viktorsson, director general of the Federal Authority for Nuclear Regulation, speak about the first reactor to be licensed in February. Khushnum Bhandari for The National

UAE's Barakah nuclear plant an important milestone for generating clean energy, says IAEA


Gillian Duncan
  • English
  • Arabic

The activation of the Barakah nuclear plant is an important milestone in the pursuit of clean energy, the International Atomic Energy Agency has said.

Director general Rafael Mariano Grossi said news of first reactor going live had been welcomed around the world.

On Saturday, the UAE said it had loaded nuclear fuel packages, run comprehensive tests and started operations at Unit 1 at the facility in Abu Dhabi.

Commercial operations of the reactor are expected to begin later this year, which will help power businesses and homes across the nation with clean energy.

“The IAEA supports United Arab Emirates and other countries that opt for introducing nuclear power, which plays a key role in achieving clean and affordable energy and in tackling #ClimateChange,” Mr Grossi wrote on Twitter.

He also shared a post by the IAEA which said it was “an important milestone towards commercial operations and generating clean energy.”

Christer Viktorsson, director general of the Federal Authority for Nuclear Regulation, which supervises the operation of the plant, said hitting the milestone while the world was living under the cloud of Covid-19 was a “significant success” for everyone involved in the project.

''For the time being, we have six inspectors permanently located at Barakah site. They live there and work there 24/7 to make sure the work continues on time at the nuclear power plant,” he said.

“In addition, we have some 50 experts in the headquarters in Abu Dhabi. They support the resident inspectors with expert advice. We also send some teams from the headquarters to go and check certain things on site in order to support resident inspectors.''

Leaders around the world joined in the congratulations.

Egyptian president Abdel Fattah Al Sisi said the step was yet another milestone in the UAE's record of achievements, “embodying the dream for the Arab nation to be a trailblazer in leadership, distinction and excellence in all fields that serve humanity”.

The ambassador of Bahrain to the UAE, Sheikh Khalid bin Abdullah Al Khalifa, also congratulated the UAE, and noted how closely it followed the historic launch of the Hope Probe to Mars last month.

Sheikh Humaid bin Rashid Al Nuaimi, Ruler of Ajman, said the achievement would go down in the “annals of history”.

Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, said it was a “step forward on the path toward ensuring excellency in the nuclear energy sphere”.

On Saturday, President Sheikh Khalifa said he was proud of the Emiratis involved in the project and confident in the abilities of the country’s young scientists.

“It is one of the inspiring moments we live today that will be remembered with great pride by generations to come," he said.

Defined benefit and defined contribution schemes explained

Defined Benefit Plan (DB)

A defined benefit plan is where the benefit is defined by a formula, typically length of service to and salary at date of leaving.

Defined Contribution Plan (DC) 

A defined contribution plan is where the benefit depends on the amount of money put into the plan for an employee, and how much investment return is earned on those contributions.

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Tips for SMEs to cope
  • Adapt your business model. Make changes that are future-proof to the new normal
  • Make sure you have an online presence
  • Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
  • Open communication with customers to see how they are coping and be flexible about extending terms, etc
    Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
Racecard

6pm: Mina Hamriya – Handicap (TB) $75,000 (Dirt) 1,400m

6.35pm: Al Wasl Stakes – Conditions (TB) $60,000 (Turf) 1,200m

7.10pm: UAE Oaks – Group 3 (TB) $150,000 (D) 1,900m

7.45pm: Blue Point Sprint – Group 2 (TB) $180,000 (T) 1,000m

8.20pm: Nad Al Sheba Trophy – Group 3 (TB) $200,000 (T) 2,810m

8.55pm: Mina Rashid – Handicap (TB) $80,000 (T) 1,600m

COMPANY PROFILE

Company name: Blah

Started: 2018

Founder: Aliyah Al Abbar and Hend Al Marri

Based: Dubai

Industry: Technology and talent management

Initial investment: Dh20,000

Investors: Self-funded

Total customers: 40

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  • Use unique usernames and passwords while enabling multi-factor authentication.
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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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.”

Pakistanis%20at%20the%20ILT20%20
%3Cp%3EThe%20new%20UAE%20league%20has%20been%20boosted%20this%20season%20by%20the%20arrival%20of%20five%20Pakistanis%2C%20who%20were%20not%20released%20to%20play%20last%20year.%20%0D%3Cbr%3E%0D%0D%0D%3Cbr%3E%3Cstrong%3EShaheen%20Afridi%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3ESet%20for%20at%20least%20four%20matches%2C%20having%20arrived%20from%20New%20Zealand%20where%20he%20captained%20Pakistan%20in%20a%20series%20loss.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EShadab%20Khan%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3E%0DThe%20leg-spin%20bowling%20allrounder%20missed%20the%20tour%20of%20New%20Zealand%20after%20injuring%20an%20ankle%20when%20stepping%20on%20a%20ball.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAzam%20Khan%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3EPowerhouse%20wicketkeeper%20played%20three%20games%20for%20Pakistan%20on%20tour%20in%20New%20Zealand.%20He%20was%20the%20first%20Pakistani%20recruited%20to%20the%20ILT20.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMohammed%20Amir%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3EHas%20made%20himself%20unavailable%20for%20national%20duty%2C%20meaning%20he%20will%20be%20available%20for%20the%20entire%20ILT20%20campaign.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EImad%20Wasim%20(Abu%20Dhabi%20Knight%20Riders)%20%3C%2Fstrong%3E%0D%3Cbr%3EThe%20left-handed%20allrounder%2C%2035%2C%20retired%20from%20international%20cricket%20in%20November%20and%20was%20subsequently%20recruited%20by%20the%20Knight%20Riders.%26nbsp%3B%3C%2Fp%3E%0A
Mica

Director: Ismael Ferroukhi

Stars: Zakaria Inan, Sabrina Ouazani

3 stars

Where to apply

Applicants should send their completed applications - CV, covering letter, sample(s) of your work, letter of recommendation - to Nick March, Assistant Editor in Chief at The National and UAE programme administrator for the Rosalynn Carter Fellowships for Mental Health Journalism, by 5pm on April 30, 2020

Please send applications to nmarch@thenational.ae and please mark the subject line as “Rosalynn Carter Fellowship for Mental Health Journalism (UAE programme application)”.

The local advisory board will consider all applications and will interview a short list of candidates in Abu Dhabi in June 2020. Successful candidates will be informed before July 30, 2020. 

Stats at a glance:

Cost: 1.05 billion pounds (Dh 4.8 billion)

Number in service: 6

Complement 191 (space for up to 285)

Top speed: over 32 knots

Range: Over 7,000 nautical miles

Length 152.4 m

Displacement: 8,700 tonnes

Beam:   21.2 m

Draught: 7.4 m