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.
Volkswagen's supervisory board has approved a transformation plan on Thursday that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity, and aggressive Chinese rivals.
The UAE Ministry of Economy and Tourism has outlined new regulations aimed at strengthening the fight against commercial fraud, protecting consumers and improving market oversight.
Apple is facing a £2 billion ($2.7 billion) London lawsuit brought on behalf of app developers over its app tracking rules, with the iPhone maker accused of abusing its power to unfairly impose greater restrictions on third parties.
Shares in online fast-fashion retailer Shein have fell 8 per cent in their first day of Hong Kong trade on Tuesday, with investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages.
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