UAE's Barakah Nuclear Plant Doubles Clean Electricity Generation with Start of Commercial Operations at Unit 2

The Emirates Nuclear Energy Corporation (ENEC) announced the start of commercial operations of Unit 2 at the Barakah Nuclear Energy Plant.
The Emirates Nuclear Energy Corporation (ENEC) announced the start of commercial operations of Unit 2 at the Barakah Nuclear Energy Plant.
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UAE's Barakah Nuclear Plant Doubles Clean Electricity Generation with Start of Commercial Operations at Unit 2

The Emirates Nuclear Energy Corporation (ENEC) announced the start of commercial operations of Unit 2 at the Barakah Nuclear Energy Plant.
The Emirates Nuclear Energy Corporation (ENEC) announced the start of commercial operations of Unit 2 at the Barakah Nuclear Energy Plant.

The Emirates Nuclear Energy Corporation (ENEC) announced on Thursday the start of commercial operations of Unit 2 at the Barakah Nuclear Energy Plant, reported the United Arab Emirates' state news agency (WAM).

Unit 2 adds 1,400 megawatts of zero-carbon emission electricity to the national grid, bringing the total produced by Units 1 and 2 to 2,800 megawatts and further securing energy supply and advancing the UAE's sustainability goals.

This new milestone takes ENEC and its subsidiaries to the halfway mark of delivering on its commitment to supply up a quarter of the country's electricity needs, reliably powering the economy by generating clean electricity 24/7 and significantly contributing to the UAE's Net-Zero by 2050 initiative.

With Unit 2 commercially operational, the Barakah Plant, the first multi-unit operating plant in the Arab world, is leading the largest decarbonization of any industry in the region, delivering thousands of megawatts of carbon-free electricity every single day.

Mohamed Ibrahim Al Hammadi, Managing Director and CEO of ENEC, said: "The Barakah Nuclear Energy Plant is a sustainable powerhouse for the UAE. The start of commercial operations at Unit 2 doubles the Barakah Plant's generation of emissions-free electricity, enabling rapid decarbonization of the UAE's power sector in pursuit of Net Zero 2050."

"With Unit 2 reaching commercial operations less than 12 months after Unit 1, we have demonstrated the UAE's megaproject capabilities, building institutional knowledge to enhance delivery to the highest standards and offer a successful case study for other nations looking to diversify their energy portfolio using a proven and sustainable technology."

While increasingly supporting the country's strategy to diversify energy sources in a shift towards cleaner energy, ENEC is also spearheading the UAE Net-Zero by 2050 Strategic Initiative by preventing millions of tons of carbon emissions and helping to tackle climate change and deliver climate solutions.

When its four units are commercially operating, the Barakah Plant will produce up to 25 percent of the UAE's electricity needs and prevent about 22.4 million tons of carbon emissions annually, equivalent to the emissions of 4.8 million cars. The Barakah Plant significantly boosts the UAE's energy security through domestic clean electricity generation.

By 2025, the plant will generate more than 85 percent of Abu Dhabi's clean electricity, making it the biggest contributor to reducing Abu Dhabi's carbon emissions by 50 percent by the middle of the decade.

Nasser Al Nasseri, the CEO of Barakah One Company, ENEC's subsidiary in charge of representing the financial and commercial interests of the Barakah Plant project, said: "Today is an integral day for the delivery of the Barakah Nuclear Energy Plant project with the commercial operations of Unit 2, we are now selling double the volume of electricity to the Emirates Water and Electricity Company (EWEC) per the Power Purchase Agreement signed in 2016."

"We are committed to efficient and reliable power generation to ensure homes, businesses and industry across the UAE have continuous access to clean baseload electricity and will do so for the coming 60 years ahead. The sale of electricity further supports Abu Dhabi's Clean Energy Certification program, allowing more businesses to demonstrate the sustainability credentials and stimulating the growth of our Net Zero economy."

The commercial operations of Unit 2 were completed with the continuous support of EWEC and the Abu Dhabi Transmission and Dispatch Company (TRANSCO). EWEC and TRANSCO's support in maintaining a world-class electric grid infrastructure is critical for the reliable distribution of electricity from the Barakah Plant. They ensured that the clean electricity generated at Barakah is delivered to consumers across the UAE safely and sustainably.

Ali Al Hammadi, CEO of Nawah Energy Company, ENEC's subsidiary mandated to operate and maintain the Barakah Plant, commented: "The start of Unit 2 commercial operations comes as a result of the world-class operating experience of our teams made up of UAE nationals and international experts. Over the years, they have the skills and expertise in the nuclear industry to safely provide constant, reliable and sustainable clean electricity around the clock from two identical units operating in parallel."

"We are committed to operating the plant in line with the UAE's robust regulations and international best practice on our ongoing journey to operating excellence."

Unit 2 joins Unit 1, which kicked off commercial operation in April 2021. Units 3 and 4 are in the final stages of commissioning, with Unit 3 construction already complete and now undergoing operational readiness preparations and Unit 4 is in the final stages of construction completion. The development of the Barakah Plant is now more than 96 percent complete, having steadily progressed since construction started in 2012.

The Barakah Nuclear Energy Plant, located in the Al Dhafra Region of the Emirate of Abu Dhabi, is one of the largest nuclear energy plants in the world, with four APR-1400 units. While delivering on its clean energy vision through the peaceful nuclear program, ENEC also provides talented UAE youth with the skills, capabilities and experience necessary to become the future leaders of the nation's growing peaceful nuclear energy sector.



Hong Kong Expects 3.2% Growth this Year, Seeks to Maintain Momentum

FILE PHOTO: Tourists relax on the waterfront in front of Victoria Harbour, with the iconic skyline buildings as a backdrop, in Hong Kong, China June 28, 2023. REUTERS/Tyrone Siu/File Photo
FILE PHOTO: Tourists relax on the waterfront in front of Victoria Harbour, with the iconic skyline buildings as a backdrop, in Hong Kong, China June 28, 2023. REUTERS/Tyrone Siu/File Photo
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Hong Kong Expects 3.2% Growth this Year, Seeks to Maintain Momentum

FILE PHOTO: Tourists relax on the waterfront in front of Victoria Harbour, with the iconic skyline buildings as a backdrop, in Hong Kong, China June 28, 2023. REUTERS/Tyrone Siu/File Photo
FILE PHOTO: Tourists relax on the waterfront in front of Victoria Harbour, with the iconic skyline buildings as a backdrop, in Hong Kong, China June 28, 2023. REUTERS/Tyrone Siu/File Photo

Hong Kong Financial Secretary Paul Chan raised his 2025 economic growth forecast to 3.2% on Sunday, saying the city would bolster its role as a financial center, innovation hub and trade center to maintain the momentum.

In February, Chan had forecast growth of between 2% and 3%.

Hong Kong, the world's biggest venue for initial public offerings this year, will lure more listings from companies in areas such as Southeast Asia and the Middle East and will actively promote internationalization ⁠of China's yuan currency, Chan said in a blog post.

The city will also focus on developing artificial intelligence and biotech to lead the global race in technology and will strengthen its role as a trade hub by helping more Chinese companies expand overseas, Reuters quoted him as saying.

"Looking into ⁠next year, Hong Kong's economy is expected to keep the good trend of growth," Chan said. "Finance, tech innovation and trade will be Hong Kong's key engines of growth as the city actively embraces China's development strategy."

Hong Kong has one of the world's best-performing stock markets this year, with the Hang Seng Index up 30%.

Resilient exports, brisk fixed-asset investment and recovering consumption have helped Hong Kong's growth beat forecast, Chan said.

To ⁠bolster its status as a financial center, Hong Kong will strengthen the competitiveness of its stock market and develop areas including bonds, money market, fintech, commodities and gold trading, he said.

In terms of innovation, Hong Kong will develop AI into a "core industry,” as the technology will define economies' competitiveness and reshape the global economic landscape, he said.

The city is also establishing a center for cross-border supply chain management and trade finance, to better help Chinese companies expand offshore, Chan said.


China Passes Revised Foreign Trade Law to Bolster Trade War Capabilities

Containers are seen at the port in Shanghai, China, Oct. 13, 2025. (AFP)
Containers are seen at the port in Shanghai, China, Oct. 13, 2025. (AFP)
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China Passes Revised Foreign Trade Law to Bolster Trade War Capabilities

Containers are seen at the port in Shanghai, China, Oct. 13, 2025. (AFP)
Containers are seen at the port in Shanghai, China, Oct. 13, 2025. (AFP)

China on Saturday passed revisions to a key piece of legislation aimed at strengthening Beijing's ability to wage trade war, curb outbound shipments from strategic minerals, and further open its $19 trillion economy.

The latest revision to the Foreign Trade Law, approved by China's top legislative body, will take effect on March 1, 2026, state news agency Xinhua reported on Saturday.

The world's second-largest economy is overhauling its trade-related legal frameworks partly to convince members of a major trans-Pacific trade bloc created to counter China's growing influence that the manufacturing powerhouse ‌deserves a seat at ‌the table, as Beijing seeks to reduce ‌its ⁠reliance on the US.

Adopted ‌in 1994 and revised three times since China joined the World Trade Organization in 2001, most recently in 2022, the Foreign Trade Law empowers policymakers to hit back against trading partners that seek to curb its exports and to adopt mechanisms such as "negative lists" to open restricted sectors to foreign firms.

The revision also adds a provision that foreign trade should "serve national economic and social development" and help build China ⁠into a "strong trading nation", Xinhua said.

It further "expands and improves" the legal toolkit for countering external challenges, according ‌to the report.

The revision focuses on areas such ‍as digital and green trade, along ‍with intellectual property provisions, key improvements China needs to make to meet the ‍standards of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, rather than the trade defense tools the 2020 revamp honed in on following four years of tariff war with the first Trump administration.

Beijing is also sharpening the wording of its powers in anticipation of potential lawsuits from private firms, which are becoming increasingly prominent in China, according to trade diplomats.

"Ministries have become more concerned about private sector criticism," ⁠said one Western trade diplomat with decades' of experience working with China. "China is a rule-of-law country, so the government can stop a company's shipment, but it needs a reason."

"It's not totally lawless here. Better to have everything written out in black and white," they added, requesting anonymity, as they were not authorized to speak with media.

China's private exporting firms attracted global attention in November after the French government moved to suspend the Chinese e-commerce platform Shein.

The Chinese government increasingly could also find itself at odds with private enterprise when seeking to carry out sweeping bans, ‌such as Beijing's prohibition of all Japanese seafood imports, as Asia's top two economies continue to feud over Taiwan, trade diplomats say.


Lebanese Cabinet Approves Draft Law on Financial Crisis Losses

A photograph released by the Lebanese Government Press Office on December 26, 2025, show Prime Minister Nawaf Salam speaking during a press conference after a cabinet session in Beirut on December 26, 2025. (Photo by Handout / Lebanese Government Press Office / AFP)
A photograph released by the Lebanese Government Press Office on December 26, 2025, show Prime Minister Nawaf Salam speaking during a press conference after a cabinet session in Beirut on December 26, 2025. (Photo by Handout / Lebanese Government Press Office / AFP)
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Lebanese Cabinet Approves Draft Law on Financial Crisis Losses

A photograph released by the Lebanese Government Press Office on December 26, 2025, show Prime Minister Nawaf Salam speaking during a press conference after a cabinet session in Beirut on December 26, 2025. (Photo by Handout / Lebanese Government Press Office / AFP)
A photograph released by the Lebanese Government Press Office on December 26, 2025, show Prime Minister Nawaf Salam speaking during a press conference after a cabinet session in Beirut on December 26, 2025. (Photo by Handout / Lebanese Government Press Office / AFP)

Lebanon's government on Friday approved a draft law to distribute financial losses from the 2019 economic crisis that deprived many Lebanese of their deposits despite strong opposition to the legislation from political parties, depositors and banking officials.

The draft law will be submitted to the country's divided parliament for approval before it can become effective.

The legislation, known as the "financial gap" law, is part of a series of reform measures required by the International Monetary Fund (IMF) in order to access funding from the lender.

The cabinet passed the draft bill with 13 ministers in favor and nine against. It stipulates that each of the state, the central bank, commercial banks and depositors will share the losses accrued as a result of the financial crisis.

Prime Minister Nawaf Salam defended the bill, saying it "is not ideal... and may not meet everyone's aspirations" but is "a realistic and fair step on the path to restoring rights, stopping the collapse... and healing the banking sector.”

According to government estimates, the losses resulting from the financial crisis amounted to about $70 billion, a figure that is expected to have increased over the six years that the crisis was left unaddressed.

Depositors who have less than $100,000 in the banks, and who constitute 85 percent of total accounts, will be able to recover them in full over a period of four years, Salam said.

Larger depositors will be able to obtain $100,000 while the remaining part of their funds will be compensated through tradable bonds, which will be backed by the assets of the central bank.

The central bank's portfolio includes approximately $50 billion, according to Salam.

The premier told journalists that the bill includes "accountability and oversight for the first time.”

"Everyone who transferred their money before the financial collapse in 2019 by exploiting their position or influence... and everyone who benefited from excessive profits or bonuses will be held accountable and required to pay compensation of up to 30 percent of these amounts," he said.

Responding to objections from banking officials, who claim components of the bill place a major burden on the banks, Salam said the law "also aims to revive the banking sector by assessing bank assets and recapitalizing them.”

The IMF, which closely monitored the drafting of the bill, previously insisted on the need to "restore the viability of the banking sector consistent with international standards" and protect small depositors.

Parliament passed a banking secrecy reform law in April, followed by a banking sector restructuring law in June, one of several key pieces of legislation aimed at reforming the financial system.

However, observers believe it is unlikely that parliament will pass the current bill before the next legislative elections in May.

Financial reforms in Lebanon have been repeatedly derailed by political and private interests over the last six years, but Salam and Lebanese President Joseph Aoun have pledged to prioritize them.