AL DHAFRA, ABU DHABI, UNITED ARAB EMIRATES - March 26, 2018: A general view of Unit One during Construction Completion Celebration at Barakah Nuclear Energy Plant. 

( Abdullah Al Junaibi )
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The Barakah nuclear power plant in Al Hamra, Abu Dhabi, meets international safety standards, said the UAE's IAEA representative. Wam

The story of how Barakah is leading the way for energy security in the Arab world



The completion of the UAE’s first nuclear reactor is not only a milestone in the 46-year history of the Emirates – it is also the starting point for what could be a wider roll out of civilian nuclear energy in the Middle East.

Just as the UAE is looking to reduce its reliance on fossil fuels by building four reactors at its Barakah site, so Saudi Arabia, Egypt, Jordan and Turkey are aiming to develop programmes, while Iran is expanding its nuclear capacity.

In the Emirates, nuclear power is seen as necessary because rapid population growth has resulted in heavy increases in energy demand, much of it required to desalinate water. This has made the country more reliant on natural gas supplies from elsewhere in the Gulf.

Although the UAE has invested heavily in solar energy, by 2020 renewables will still account for less than 10 percent of the country’s energy requirements, while the four Barakah reactors will provide almost a quarter. As well as energy security, economic factors too have been at play, here and elsewhere in the Gulf.

“The main motives of Arab countries for pursuing the nuclear route are to provide additional and cleaner sources of energy supplies to meet rapidly growing domestic demand, and which in the case of the GCC will free some of the oil currently used for power generation for the more lucrative exports,” said Dr Carole Nakhle, founder and CEO of Crystol Energy and an associate lecturer in energy economics at the University of Surrey in the United Kingdom.

It was in April 2008 that the UAE government announced its intention to develop civilian nuclear power.

Demonstrating transparency, not to mention skilful confidence-building diplomacy with multiple nuclear technology exporting nations, the country worked closely with the International Atomic Energy Authority (IAEA) and forged multiple international nuclear cooperation deals. One of the most important was a 123 agreement with the US, signed in 2009, which confirmed that the UAE would not attempt nuclear enrichment or reprocessing.

“In terms of [nuclear] proliferation, the UAE have been clear they’re going for what they call the ‘gold standard’ of civilian nuclear programmes,” said Dr David Roberts, a Gulf region analyst at King’s College London.

In December 2009, the Emirates Nuclear Energy Corporation finalised a deal with a South Korean consortium led by Korean Electric Power Company for the four reactors at the Barakah site in the far west of Abu Dhabi emirate.

This week’s milestone means that it has taken less than a decade from the initial public announcement of a nuclear programme to the completion of the first reactor. Efforts by other Middle Eastern nations have typically seen their publicly announced timetables slip.

“The UAE is rather unique in terms of the speed with which the plant was built,” said Dr Nakhle.

“Not all nuclear power projects announced in the Middle East will materialise, especially in countries where funding is not readily available.

“In a region which is politically unstable, nuclear power will always raise concerns no matter how tight security and safety measures are.”

Some analysts have said the UAE’s transparency regarding its nuclear power programme is a “soft power” effort to encourage neighbours to follow a similar approach. By contrast, regional rival Iran, which has one operational nuclear power plant and others under construction, has faced ongoing international concerns over its nuclear activities.

Some observers have said, however, that the different geopolitical and economic circumstances of other nations in the region may make it hard for them to replicate the UAE’s example.

Among the Arab nations with nuclear ambitions is Jordan, which in November 2010 began constructing its $160 million (Dh588m) Jordan Research and Training Reactor (JRTR).

Produced in partnership with the Korean Atomic Energy Research Institute and Daewoo Engineering and Construction, the JRTR is focused on nuclear industry research and training, and the generation of medical isotopes. Completed within six years, this facility is already operational, although the energy it generates is released into the atmosphere.

Jordan hopes to use the reactor to train nuclear engineers for the Middle East as a whole, with experts saying that sourcing trained personnel is one of the key challenges facing the region’s civilian nuclear programmes.

“One issue is human resources … This is a problem the Gulf states have,” said Dr Roberts.

The Jordanian authorities hope to follow up the JRTR with fully fledged nuclear power plants.

Among other Arab nations, Saudi Arabia is, according to reports, set to award contracts in December for its initial two nuclear power plants, many years after the first agreements with nuclear technology exporters were signed. China, Russia, South Korea, the United States and France are hoping to secure the deal.

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Read more:

Power for the people: Clean, safe and environmentally friendly, the UAE's first nuclear power station is about to transform the country's energy supply

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Like the UAE, Saudi Arabia is keen to reduce its reliance on fossil fuels, partly to free up supplies for exports.

“They need to find alternatives to renewables. I think the nuclear programme is seen as more practical,” said Dr Roberts.

Egypt, which has two nuclear research and training reactors, one supplied by the Soviet Union and the other by Argentina, has sparked some international concerns over its nuclear activity. In December, Egypt signed an agreement with Russia for the building of its first nuclear power plant, which will have four reactors, at Dabaa west of Cairo.

Meanwhile, next month Turkey will have a groundlaying ceremony for its first nuclear power plant, the Akkuyu facility, also a four-reactor plant built through a partnership with Russia. The Turkish president, Recep Tayyip Erdogan, and the Russian president, Vladimir Putin, are due to attend the showcase event.

Star Wars: Episode I – The Phantom Menace

Developer: Big Ape Productions
Publisher: LucasArts
Consoles: PC, PlayStation
Rating: 2/5

THE SPECS

Battery: 60kW lithium-ion phosphate
Power: Up to 201bhp
0 to 100kph: 7.3 seconds
Range: 418km
Price: From Dh149,900
Available: Now

Essentials

The flights

Etihad (etihad.ae) and flydubai (flydubai.com) fly direct to Baku three times a week from Dh1,250 return, including taxes. 
 

The stay

A seven-night “Fundamental Detox” programme at the Chenot Palace (chenotpalace.com/en) costs from €3,000 (Dh13,197) per person, including taxes, accommodation, 3 medical consultations, 2 nutritional consultations, a detox diet, a body composition analysis, a bio-energetic check-up, four Chenot bio-energetic treatments, six Chenot energetic massages, six hydro-aromatherapy treatments, six phyto-mud treatments, six hydro-jet treatments and access to the gym, indoor pool, sauna and steam room. Additional tests and treatments cost extra.

if you go

The flights

Direct flights from the UAE to the Nepalese capital, Kathmandu, are available with Air Arabia, (www.airarabia.com) Fly Dubai (www.flydubai.com) or Etihad (www.etihad.com) from Dh1,200 return including taxes. The trek described here started from Jomson, but there are many other start and end point variations depending on how you tailor your trek. To get to Jomson from Kathmandu you must first fly to the lake-side resort town of Pokhara with either Buddha Air (www.buddhaair.com) or Yeti Airlines (www.yetiairlines.com). Both charge around US$240 (Dh880) return. From Pokhara there are early morning flights to Jomson with Yeti Airlines or Simrik Airlines (www.simrikairlines.com) for around US$220 (Dh800) return. 

The trek

Restricted area permits (US$500 per person) are required for trekking in the Upper Mustang area. The challenging Meso Kanto pass between Tilcho Lake and Jomson should not be attempted by those without a lot of mountain experience and a good support team. An excellent trekking company with good knowledge of Upper Mustang, the Annaurpuna Circuit and Tilcho Lake area and who can help organise a version of the trek described here is the Nepal-UK run Snow Cat Travel (www.snowcattravel.com). Prices vary widely depending on accommodation types and the level of assistance required. 

Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

What is tokenisation?

Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets. 

Confirmed bouts (more to be added)

Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez

Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.

The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

UAE currency: the story behind the money in your pockets
COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

WHAT IS THE LICENSING PROCESS FOR VARA?

Vara will cater to three categories of companies in Dubai (except the DIFC):

Category A: Minimum viable product (MVP) applicants that are currently in the process of securing an MVP licence: This is a three-stage process starting with [1] a provisional permit, graduating to [2] preparatory licence and concluding with [3] operational licence. Applicants that are already in the MVP process will be advised by Vara to either continue within the MVP framework or be transitioned to the full market product licensing process.

Category B: Existing legacy virtual asset service providers prior to February 7, 2023, which are required to come under Vara supervision. All operating service proviers in Dubai (excluding the DIFC) fall under Vara’s supervision.

Category C: New applicants seeking a Vara licence or existing applicants adding new activities. All applicants that do not fall under Category A or B can begin the application process through their current or prospective commercial licensor — the DET or Free Zone Authority — or directly through Vara in the instance that they have yet to determine the commercial operating zone in Dubai. 

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Company Profile

Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000

The specs: 2018 Jaguar F-Type Convertible

Price, base / as tested: Dh283,080 / Dh318,465

Engine: 2.0-litre inline four-cylinder

Transmission: Eight-speed automatic

Power: 295hp @ 5,500rpm

Torque: 400Nm @ 1,500rpm

Fuel economy, combined: 7.2L / 100km

The specs

Engine: 2.0-litre 4-cyl, 48V hybrid

Transmission: eight-speed automatic

Power: 325bhp

Torque: 450Nm

Price: Dh359,000

On sale: now

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

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.

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