‘Ross Atom’ Accents Nuclear Energy in Sustainable Development of MENA Countries

‘Ross Atom’ Accents Nuclear Energy in Sustainable Development of MENA Countries
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‘Ross Atom’ Accents Nuclear Energy in Sustainable Development of MENA Countries

‘Ross Atom’ Accents Nuclear Energy in Sustainable Development of MENA Countries

Dr. Gregory Sosnin, Vice President of the ASE Group representing the Engineering Department of Ross Atom, stressed the importance of nuclear energy as part of the sustainable development of MENA countries.

He was speaking at the Fifth Arab Forum on the Prospects of Nuclear Energy in Electricity Generation and Desalinization of Sea Water that was held lately in Cairo.

Sosnin, who works as director of the Egyptian Dabaa plant project, said: "Countries of the region today – such as Egypt, the United Arab Emirates, the Kingdom of Saudi Arabia, and Turkey – are all rich in hydrocarbons and enjoy a warm climate ideal for solar PV, but all of them invest in nuclear energy.

"The decision makes sense when you see the benefits of nuclear energy. Its potential is huge, in fact."

Speaking of Ross Atom's experience in building nuclear power plants, he added: “We firmly believe the successful implementation of nuclear energy program is inevitably linked to success in areas such as individuals working in nuclear energy, and problems of public acceptance.

"The background of many newcomers to the nuclear energy field revealed that the delay in training individuals could lead to a deviation in the project's assigned schedule," he said, explaining that the support of the public "becomes an engine for the project."

Speaking at a session on regulatory and legislative frameworks for nuclear activities, safety, security, and nuclear safeguards, Deputy General Manager of Ross Atum ServicesYulia Chernakhovskaya expressed her opinion on the importance of nuclear infrastructure for sustainable development in the country.

Chernakhovskaya said: "This way, for example, Ross Atom Services works as a secretary in the inter-ministerial agreement between Ross Atom and the Federal Agency for Environmental, Technology and Nuclear Management (Rostekhnadzor) as part of helping to create and improve national nuclear energy infrastructure in countries that create or Planning to build nuclear facilities according to Russian designs."



Trump Taps Scott Bessent for Treasury

(FILES) Scott Bessent, head of Key Square Group and former chief investment officer of Soros Fund Management, attends the second day of the annual Allen & Company Sun Valley Conference, July 12, 2017 in Sun Valley, Idaho.(Photo by Drew ANGERER / GETTY IMAGES NORTH AMERICA / AFP)
(FILES) Scott Bessent, head of Key Square Group and former chief investment officer of Soros Fund Management, attends the second day of the annual Allen & Company Sun Valley Conference, July 12, 2017 in Sun Valley, Idaho.(Photo by Drew ANGERER / GETTY IMAGES NORTH AMERICA / AFP)
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Trump Taps Scott Bessent for Treasury

(FILES) Scott Bessent, head of Key Square Group and former chief investment officer of Soros Fund Management, attends the second day of the annual Allen & Company Sun Valley Conference, July 12, 2017 in Sun Valley, Idaho.(Photo by Drew ANGERER / GETTY IMAGES NORTH AMERICA / AFP)
(FILES) Scott Bessent, head of Key Square Group and former chief investment officer of Soros Fund Management, attends the second day of the annual Allen & Company Sun Valley Conference, July 12, 2017 in Sun Valley, Idaho.(Photo by Drew ANGERER / GETTY IMAGES NORTH AMERICA / AFP)

President-elect Donald Trump on Friday said he will nominate prominent investor Scott Bessent as US Treasury secretary, a key cabinet position with vast influence over economic, regulatory and international affairs.

"I am most pleased to nominate Scott Bessent to serve as the 79th Secretary of the Treasury of the United States," Trump said in a statement released on Truth Social. "Scott is widely respected as one of the world's foremost international investors and geopolitical and economic strategists."

Wall Street has been closely watching who Trump will pick, especially given his plans to remake global trade through tariffs and extend and potentially expand the raft of tax cuts enacted during his first term, Reuters reported
The choice came after days of deliberations by Trump as he sorted through a shifting list of candidates. Bessent spent day after day at Trump's Mar-a-Lago home in Florida providing economic advice, sources said, a proximity to the president-elect that may have helped him prevail.
Other names that had been floated included Apollo Global Management Chief Executive Marc Rowan and former Federal Reserve Governor Kevin Warsh. Investor John Paulson had also been a leading candidate, but dropped out, while Wall Street veteran Howard Lutnick, another contender, was appointed as head of the Commerce Department.
Bessent, who did not immediately respond to a request for comment, has advocated for tax reform and deregulation, particularly to spur more bank lending and energy production, as noted in a recent opinion piece he wrote for The Wall Street Journal.
The market's surge after Trump's election victory, he wrote, signaled investor expectations of "higher growth, lower volatility and inflation, and a revitalized economy for all Americans."
"Bessent has been on the side of less aggressive tariffs," said Oxford Economics' Ryan Sweet, adding that picking him makes the steep tariffs Trump proposed on the campaign trail less likely.
Bessent follows other financial luminaries who have taken the job, including former Goldman Sachs executives Robert Rubin, Hank Paulson and Steven Mnuchin, Trump's first Treasury chief. Janet Yellen, the current secretary and first woman in the job, previously chaired the Federal Reserve and White House Council of Economic Advisers.
Republican US Senator Lindsey Graham from South Carolina, Bessent's home state, said in a statement: "President Trump's economic agenda is in good hands with Scott Bessent. I look forward to working closely with Scott and President Trump to lower inflation and create the golden age of prosperity for the American people."