UAE reiterates commitment to develop peaceful nuclear programme



ABU DHABI // The UAE's quest to develop nuclear energy has been strongly driven by its foreign policy, state news agency Wam says.

Intense diplomatic efforts established the groundwork to develop cooperation agreements that would help to deliver a credible and comprehensive civilian nuclear programme.

The country's diplomatic push led to the signing of the UAE-US Peaceful Nuclear Cooperation Agreement in 2009, the first such arrangement in the Middle East.

The deal, touted as a powerful and timely model for the region, allows the UAE to buy US nuclear power equipment, technology and fuel.

The UAE, a signatory to the Nuclear Non-Proliferation Treaty, has agreed to open its nuclear plants to full international inspections and refrain from producing its own reactor fuel.

"We are confident that this will provide an opportunity to make a positive change in the international arena," the Minister of Foreign Affairs, Sheikh Abdullah, told the UN General Assembly last year.

"We hope that developing a peaceful nuclear-energy model, which complies with the highest standards of transparency in operating nuclear facilities and fulfils the highest requirements of nuclear safety and non-proliferation, in cooperation with the International Atomic Energy Agency (IAEA) and other responsible and experienced states, would chart a new course for a large group of countries for the safe use of nuclear energy."

The UAE's commitment not to enrich uranium and reprocess fuels locally is supplemented by complete transparency and international cooperation.

The country's nuclear policy "reflects the UAE's position, which calls for making the Middle East and the [Arabian] Gulf a zone free of weapons of mass destruction, particularly nuclear weapons", Wam said.

The UAE also recently signed an agreement to cooperate with Japan on exploring the possibilities of developing peaceful nuclear energy.

This follows similar agreements made with the UK, France and five other countries.

The IAEA has said the UAE's nuclear programme sets an example to other nations with peaceful nuclear ambitions.

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ADCC AFC Women’s Champions League Group A fixtures

October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA

How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

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However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

U19 World Cup in South Africa

Group A: India, Japan, New Zealand, Sri Lanka

Group B: Australia, England, Nigeria, West Indies

Group C: Bangladesh, Pakistan, Scotland, Zimbabwe

Group D: Afghanistan, Canada, South Africa, UAE

UAE fixtures

Saturday, January 18, v Canada

Wednesday, January 22, v Afghanistan

Saturday, January 25, v South Africa

UAE squad

Aryan Lakra (captain), Vriitya Aravind, Deshan Chethyia, Mohammed Farazuddin, Jonathan Figy, Osama Hassan, Karthik Meiyappan, Rishabh Mukherjee, Ali Naseer, Wasi Shah, Alishan Sharafu, Sanchit Sharma, Kai Smith, Akasha Tahir, Ansh Tandon

Empty Words

By Mario Levrero  

(Coffee House Press)
 

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The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
THE APPRENTICE

Director: Ali Abbasi

Starring: Sebastian Stan, Maria Bakalova, Jeremy Strong

Rating: 3/5

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7.05pm: Handicap (TB) $135,000 (Turf) 1,000m

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9.25pm: Dubai Racing Club Classic Listed Handicap (TB) $175,000 (T) 2,410m

The National selections

6.30pm: Final Song

7.05pm: Pocket Dynamo

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The Energy Research Centre

Founded 50 years ago as a nuclear research institute, scientists at the centre believed nuclear would be the “solution for everything”.
Although they still do, they discovered in 1955 that the Netherlands had a lot of natural gas. “We still had the idea that, by 2000, it would all be nuclear,” said Harm Jeeninga, director of business and programme development at the centre.
"In the 1990s, we found out about global warming so we focused on energy savings and tackling the greenhouse gas effect.”
The energy centre’s research focuses on biomass, energy efficiency, the environment, wind and solar, as well as energy engineering and socio-economic research.

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Abramovich London

A Kensington Palace Gardens house with 15 bedrooms is valued at more than £150 million.

A three-storey penthouse at Chelsea Waterfront bought for £22 million.

Steel company Evraz drops more than 10 per cent in trading after UK officials said it was potentially supplying the Russian military.

Sale of Chelsea Football Club is now impossible.


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