A dome is lifted into place at Britain's Hinkley Point C site, a nuclear plant under construction with the help of the world's largest crane Big Carl. AFP
A dome is lifted into place at Britain's Hinkley Point C site, a nuclear plant under construction with the help of the world's largest crane Big Carl. AFP
A dome is lifted into place at Britain's Hinkley Point C site, a nuclear plant under construction with the help of the world's largest crane Big Carl. AFP
A dome is lifted into place at Britain's Hinkley Point C site, a nuclear plant under construction with the help of the world's largest crane Big Carl. AFP

UAE and UK join forces to seize nuclear power's moment


Tim Stickings
  • English
  • Arabic

Back in the 1980s, when green parties were first making waves in politics, many of them had a founding cause in common: they hated nuclear power.

Fast forward to 2023, and the 194-nation Dubai climate deal included nuclear on a list of low-carbon options that ought to be “accelerated” to help cut emissions.

Unthinkable once – but nuclear is now officially welcomed as a friend, not an enemy, in the battle to save the planet.

Two of the countries looking to build on this atomic revival are the UAE, operating its first reactor since 2021, and Britain, where the world’s first commercial nuclear plant opened in 1956.

The National has been told that Britain wants to work more closely with the UAE after both countries backed a pledge at Cop28 to treble the world’s nuclear power capacity by 2050.

The climate deal reached after all-night negotiations in Dubai specifically hails nuclear as a clean technology. Reuters
The climate deal reached after all-night negotiations in Dubai specifically hails nuclear as a clean technology. Reuters

As well as investment, there is interest in sharing expertise, working together on technology such as miniature reactors, and learning from the UAE’s experience as one of the world’s newest nuclear-powered countries.

The UK’s nuclear minister Andrew Bowie held talks with UAE counterparts on the sidelines of Cop28, where he signed an agreement with the Emirates Nuclear Energy Corporation (Enec) on Britain’s behalf.

“We’re doing a lot with the UAE,” Mr Bowie told The National.

“There’s a lot of collaboration on future nuclear fuels, on exchange of ideas, of personnel, of technologies, and we’re seeking to further deepen that co-operation.”

The development of the UAE’s Barakah plant has been “amazing to see”, said Mr Bowie, who said the two countries shared an “ambitious and forward-leaning” policy on nuclear.

“It makes sense to have the UAE as a partner on this because they too recognise the importance of nuclear in terms of delivering our ambitions on net zero, combating climate change and developing the economies of our two respective countries,” he said.

Big nuclear

Britain has a long atomic pedigree but last opened a new plant in 1995 and is no longer in the top 10 countries with the most nuclear capacity, according to the World Nuclear Association.

With ministers pledging a revival, driven by various factors including net-zero pledges and the end of the Russian gas era in Europe, Britain is seeking investment for a £20 billion ($25.46 billion) nuclear plant called Sizewell C.

A second site, Hinkley Point C, is already under construction (with the help of the world's largest crane known as Big Carl), although the project was delayed by Covid-19. Its projected opening has been pushed back to 2027.

The Dubai deal could give investors the assurance they need that nuclear has a bright future – and that funding a plant such as Sizewell C would not land them in trouble with green-minded regulators.

The single word “nuclear” in the 21-page Dubai climate deal gives the sector its “rightful place alongside other zero-emissions, low-carbon technologies,” said Tom Greatrex, the head of the UK’s Nuclear Industry Association.

He said there was more to gain from UK-UAE collaboration than just potential investment, not least thanks to Barakah’s example as one of the world’s newest nuclear projects.

Unit 4 of the UAE's Barakah nuclear plant is the final part to be completed. WAM
Unit 4 of the UAE's Barakah nuclear plant is the final part to be completed. WAM

Barakah’s fourth and final unit was completed this month and the project shows the advantages of a “focused, disciplined approach” in which several pieces of the same technology are built in rapid succession, Mr Greatrex said.

“It puts the UAE in a very strong position as not just, as you might have thought a few years ago, a receiver of nuclear technology, but also actually as a practitioner in civil nuclear,” he said.

“UAE, UK, and many other nations are part of a pledge to treble nuclear capacity by 2050. That means a lot more capacity, a lot more supply chain activity and innovation, and a lot more expertise-sharing to get to that point.”

Small nuclear

Also in the UK and UAE’s sights is a new generation of windmill-sized mini-nuclear plants (known as small modular reactors or SMRs), which could power stand-alone sites such as a factory.

The new UK-UAE memorandum mentions SMRs as an area for potential co-operation, with Britain looking to export models being developed by Rolls-Royce.

Rolls-Royce and five other UK companies have been selected to design mini-reactors. The UAE, US and others this year announced $275 million of funding for a similar project in Romania.

The next stage is for initial interest to “mature towards orders”, which is what companies need to justify building the factories where SMRs are produced, said Mr Greatrex.

“With the need there is for dispatchable, clean power, SMR project development across different borders is going to be a big part of that,” he said.

Rolls-Royce is hoping to bring them to market by 2030 and is floating the idea that they could be used to produce sustainable aviation fuel (SAF) – a market in which the UAE’s location could make it a front-runner.

“That could be done here in the UAE, supplying SAF fuel for UAE airlines, achieving the emissions reduction benefit and keeping the economics for the airlines and the travelling public still viable,” Rolls-Royce’s Middle East president John Kelly told The National before Cop28 began.

Nuclear’s trump cards are that it can be on all the time (unlike solar and wind) and barely produces CO2 (unlike coal or gas), but some object to it on the grounds of safety and radioactive waste.

The next generation of nuclear power could include miniature reactors - and potentially fusion. AFP
The next generation of nuclear power could include miniature reactors - and potentially fusion. AFP

Mr Bowie, however, is confident that the public would embrace small nuclear reactors.

“We’re in a moment right now where, in the UK at least, nuclear is seen as a net positive and a contributor towards our net-zero goals, combating climate change and becoming more energy secure and independent,” he said.

“In every nation and region, in every demographic, every age group within the UK, nuclear is seen as net positive and SMR is part of that, and I do believe that’s the case across most countries across the world as well.”

Nuclear’s ultimate prize – fusion – has been tantalisingly out of reach for decades, but Britain is aiming to build a prototype plant by 2040. Mr Bowie was talking about that in Dubai as well.

Britain’s fusion lab is making “scientific breakthroughs on a near-daily basis,” he said, which will “create the opportunity to harness the power of the sun and bring energy into people’s homes”.

The UK and UAE are committed to net zero by 2050. That is too soon to rely on fusion. But the dream that nuclear will solve the puzzle for decades thereafter lives on.

COMPANY%20PROFILE
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While you're here

The Baghdad Clock

Shahad Al Rawi, Oneworld

First Person
Richard Flanagan
Chatto & Windus 

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

The biog

Name: Abeer Al Bah

Born: 1972

Husband: Emirati lawyer Salem Bin Sahoo, since 1992

Children: Soud, born 1993, lawyer; Obaid, born 1994, deceased; four other boys and one girl, three months old

Education: BA in Elementary Education, worked for five years in a Dubai school

 

The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

Common OCD symptoms and how they manifest

Checking: the obsession or thoughts focus on some harm coming from things not being as they should, which usually centre around the theme of safety. For example, the obsession is “the building will burn down”, therefore the compulsion is checking that the oven is switched off.

Contamination: the obsession is focused on the presence of germs, dirt or harmful bacteria and how this will impact the person and/or their loved ones. For example, the obsession is “the floor is dirty; me and my family will get sick and die”, the compulsion is repetitive cleaning.

Orderliness: the obsession is a fear of sitting with uncomfortable feelings, or to prevent harm coming to oneself or others. Objectively there appears to be no logical link between the obsession and compulsion. For example,” I won’t feel right if the jars aren’t lined up” or “harm will come to my family if I don’t line up all the jars”, so the compulsion is therefore lining up the jars.

Intrusive thoughts: the intrusive thought is usually highly distressing and repetitive. Common examples may include thoughts of perpetrating violence towards others, harming others, or questions over one’s character or deeds, usually in conflict with the person’s true values. An example would be: “I think I might hurt my family”, which in turn leads to the compulsion of avoiding social gatherings.

Hoarding: the intrusive thought is the overvaluing of objects or possessions, while the compulsion is stashing or hoarding these items and refusing to let them go. For example, “this newspaper may come in useful one day”, therefore, the compulsion is hoarding newspapers instead of discarding them the next day.

Source: Dr Robert Chandler, clinical psychologist at Lighthouse Arabia

AL%20BOOM
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MATCH INFO

Chelsea 3 (Abraham 11', 17', 74')

Luton Town 1 (Clark 30')

Man of the match Abraham (Chelsea)

Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
  • Drones
  • Animals
  • Fireworks/ flares
  • Radios or power banks
  • Laser pointers
  • Glass
  • Selfie sticks/ umbrellas
  • Sharp objects
  • Political flags or banners
  • Bikes, skateboards or scooters
Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

The Uefa Awards winners

Uefa Men's Player of the Year: Virgil van Dijk (Liverpool)

Uefa Women's Player of the Year: Lucy Bronze (Lyon)

Best players of the 2018/19 Uefa Champions League

Goalkeeper: Alisson (Liverpool)

Defender: Virgil van Dijk (Liverpool)

Midfielder: Frenkie de Jong (Ajax)

Forward: Lionel Messi (Barcelona)

Uefa President's Award: Eric Cantona

Company%20Profile
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Company profile

Name: GiftBag.ae

Based: Dubai

Founded: 2011

Number of employees: 4

Sector: E-commerce

Funding: Self-funded to date

Cricket World Cup League Two

Oman, UAE, Namibia

Al Amerat, Muscat

 

Results

Oman beat UAE by five wickets

UAE beat Namibia by eight runs

 

Fixtures

Wednesday January 8 –Oman v Namibia

Thursday January 9 – Oman v UAE

Saturday January 11 – UAE v Namibia

Sunday January 12 – Oman v Namibia

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

Company%20Profile
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2017%20RESULTS%3A%20FRENCH%20VOTERS%20IN%20UK
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Brief scores:

Day 1

Toss: India, chose to bat

India (1st innings): 215-2 (89 ov)

Agarwal 76, Pujara 68 not out; Cummins 2-40

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.”

The%20specs%3A%202024%20Mercedes%20E200
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%20four-cyl%20turbo%20%2B%20mild%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E204hp%20at%205%2C800rpm%20%2B23hp%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C800rpm%20%2B205Nm%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E9-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E7.3L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENovember%2FDecember%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh205%2C000%20(estimate)%3C%2Fp%3E%0A
While you're here
Barbie
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Greta%20Gerwig%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Margot%20Robbie%2C%20Ryan%20Gosling%2C%20Will%20Ferrell%2C%20America%20Ferrera%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3Cbr%3E%3C%2Fp%3E%0A
MATCH INFO

Liverpool 4 (Salah (pen 4, 33', & pen 88', Van Dijk (20')

Leeds United 3 (Harrison 12', Bamford 30', Klich 66')

Man of the match Mohamed Salah (Liverpool)

PREMIER LEAGUE FIXTURES

Saturday (UAE kick-off times)

Watford v Leicester City (3.30pm)

Brighton v Arsenal (6pm)

West Ham v Wolves (8.30pm)

Bournemouth v Crystal Palace (10.45pm)

Sunday

Newcastle United v Sheffield United (5pm)

Aston Villa v Chelsea (7.15pm)

Everton v Liverpool (10pm)

Monday

Manchester City v Burnley (11pm)

Updated: December 28, 2023, 9:09 AM