The Emirates Nuclear Energy Company (ENEC) and Westinghouse Electric have signed an agreement focused on deploying advanced nuclear energy solutions in the United States.
The Memorandum of Understanding, signed in Washington DC, aims to support America’s goal of quadrupling its nuclear power capacity by 2050—driven by growing energy demands from sectors like artificial intelligence and technology.
ENEC brings experience from its work on the Barakah Nuclear Energy Plant in the UAE, while Westinghouse offers cutting-edge nuclear technology, including its fully licensed AP1000 reactor.
Both companies will also explore opportunities in new builds, reactor restarts, fuel supply chains and operational services.
ENEC CEO Mohamed Al Hammadi said the agreement reinforces the UAE’s commitment to global energy security, while Westinghouse's interim CEO Dan Sumner emphasized the AP1000’s role in meeting the US target of ten large reactors under construction by 2030.
The deal marks a deepening of the UAE-US energy partnership and a shared push for clean, reliable and scalable nuclear power.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
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Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.