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UAE's 1st Nuclear Plant Reaches 50% Power Capacity

When fully operational, the plant will produce 5.6 gigawatts of electricity. via WAM
When fully operational, the plant will produce 5.6 gigawatts of electricity. via WAM
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UAE's 1st Nuclear Plant Reaches 50% Power Capacity

When fully operational, the plant will produce 5.6 gigawatts of electricity. via WAM
When fully operational, the plant will produce 5.6 gigawatts of electricity. via WAM

The UAE announced Tuesday that the reactor of Unit 1 of the Barakah Nuclear Energy Plant has achieved 50 percent of its electricity production capacity.

This comes one month after the safe and successful completion of the synchronization of Unit 1 to the UAE transmission grid and the dispatch of the first megawatts of clean electricity.

Mohamed Ibrahim Al Hammadi, Chief Executive Officer of ENEC, said, "The UAE is now producing clean, baseload electricity through Unit 1 of the Barakah Plant, and the Unit has now achieved 50 percent power as part of the Power Ascension Testing our teams at Nawah are currently undertaking. Safety and quality-led progress is continuing to be made across all four Units of the Plant, and we are delighted to participate in the IAEA General Conference to share the latest updates with our industry partners on this strategic clean energy infrastructure project for the UAE."

The achievement was announced on the sidelines of the 64th Annual Regular Session of the IAEA General Conference in Vienna, where the UAE hosted a side event entitled "UAE Peaceful Nuclear Energy Program: The Journey", state agency WAM reported.

"The UAE Peaceful Nuclear Energy Program is an engine of growth for our nation, delivering abundant clean electricity to support the UAE’s economic diversification efforts, while in parallel contributing to the country’s climate change commitments," added Al Hammadi.

For his part, Ali Al Hammadi, Chief Executive Officer of Nawah, said: "This is a proud moment for everyone involved in the delivery of the Barakah Nuclear Energy Plant, as we mark the continued progress being made at Unit 1. We are operating Unit 1 of the Barakah Plant with an absolute commitment to safety and quality as we advance one step further towards commercial operations."

Remarkably, a delegation from the UAE is currently participating in the 64th Annual Regular Session of the IAEA General Conference, by the time Nawah gradually raises the power levels of Unit 1 of the Barakah Plant – over a number of months – as a part of the ongoing Power Ascension Testing.

According to WAM, throughout this process, the Unit’s systems are tested in line with national regulatory requirements and international best practice as the operations team safely makes progress towards full electricity production. Once the process is completed, Unit 1 will enter commercial operations and deliver abundant baseload electricity for up to 18 months prior to refuelling, demonstrating how efficient and reliable nuclear energy is at generating clean electricity 24/7.

The PAT is conducted under the oversight of the UAE’s independent nuclear regulator, the Federal Authority for Nuclear Regulations, FANR, which has now conducted more than 280 inspections since the start of Barakah’s development. This is in addition to more than 40 missions and assessments by the International Atomic Energy Agency, IAEA, and World Association of Nuclear Operators, WANO.

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Business

Indian Refiners Avoid Russian Oil in Push for US Trade Deal

An employee walks inside the premises of an oil refinery of Essar Oil in Vadinar in the western state of Gujarat, India, October 4, 2016. REUTERS/Amit Dave/File Photo
An employee walks inside the premises of an oil refinery of Essar Oil in Vadinar in the western state of Gujarat, India, October 4, 2016. REUTERS/Amit Dave/File Photo
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Indian Refiners Avoid Russian Oil in Push for US Trade Deal

An employee walks inside the premises of an oil refinery of Essar Oil in Vadinar in the western state of Gujarat, India, October 4, 2016. REUTERS/Amit Dave/File Photo
An employee walks inside the premises of an oil refinery of Essar Oil in Vadinar in the western state of Gujarat, India, October 4, 2016. REUTERS/Amit Dave/File Photo

Indian refiners are avoiding Russian oil purchases for delivery in April and are expected to stay away from such trades for longer, refining and trade sources said, a move that could help New Delhi seal a trade pact with Washington, according to Reuters.

The US and India moved closer to a trade pact on Friday, announcing a framework for a deal they hope to conclude by March that would lower tariffs and deepen economic cooperation.

Indian Oil, Bharat Petroleum and Reliance Industries are not accepting offers from traders for Russian oil loading in March and April, said a trader who approached the refiners.

These refiners, however, had already scheduled some deliveries of Russian oil in March, refining sources said. Most other refiners have stopped buying Russian crude.

A foreign ministry spokesperson said: “Diversifying our energy sourcing in keeping with objective market conditions and evolving international dynamics is at the core of our strategy” to ensure energy security for the world's most-populous nation.

Although a US-India statement on the trade framework did not mention Russian oil, President Donald Trump rescinded his 25% tariffs on Indian goods, imposed over Russian oil purchases, because, he said, New Delhi had “committed to stop directly or indirectly” importing Russian oil.

New Delhi has not announced plans to halt Russian oil imports.

India became the top buyer of discounted Russian seaborne crude after Russia invaded Ukraine in 2022, spurring a backlash from Western nations that had targeted Russia's energy sector with sanctions aimed at curtailing Moscow's revenue and making it harder to fund the war.

One regular Indian buyer is Russia-backed private refiner Nayara, which relies solely on Russian oil for its 400,000-barrel-per-day refinery. Sources said Nayara may be allowed to keep buying Russian oil because other crude sellers pulled back after the European Union sanctioned the refiner in July.

Nayara also does not plan to import Russian crude in April due to a month-long refinery maintenance shutdown, a source familiar with its operations said.

Nayara did not respond to an email seeking comment.

Indian refiners may change their plan and place orders for Russian oil only if advised by the government, sources said.

Trump's order said US officials would monitor and recommend reinstating the tariffs if India resumed oil procurement from Russia.

Sources said last month that India was preparing to cut Russian oil imports below 1 million bpd by March, with volumes eventually falling to 500,000–600,000 bpd, compared with an average 1.7 million bpd last year. India's Russian oil imports topped 2 million bpd in mid-2025.

The intake of Russian oil by India, the world's third-biggest oil consumer and importer, declined to its lowest level in two years in December, data from trade and industry sources show.

 

Business

IMF and Arab Monetary Fund Sign MoU to Enhance Cooperation

The MoU was signed by IMF Managing Director Dr. Kristalina Georgieva and AMF Director General Dr. Fahad Alturki - SPA
The MoU was signed by IMF Managing Director Dr. Kristalina Georgieva and AMF Director General Dr. Fahad Alturki - SPA
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IMF and Arab Monetary Fund Sign MoU to Enhance Cooperation

The MoU was signed by IMF Managing Director Dr. Kristalina Georgieva and AMF Director General Dr. Fahad Alturki - SPA
The MoU was signed by IMF Managing Director Dr. Kristalina Georgieva and AMF Director General Dr. Fahad Alturki - SPA

The International Monetary Fund (IMF) and the Arab Monetary Fund (AMF) signed a memorandum of understanding (MoU) on the sidelines of the AlUla Conference on Emerging Market Economies (EME) to enhance cooperation between the two institutions.

The MoU was signed by IMF Managing Director Dr. Kristalina Georgieva and AMF Director General Dr. Fahad Alturki, SPA reported.

The agreement aims to strengthen coordination in economic and financial policy areas, including surveillance and lending activities, data and analytical exchange, capacity building, and the provision of technical assistance, in support of regional financial and economic stability.

Both sides affirmed that the MoU represents an important step toward deepening their strategic partnership and strengthening the regional financial safety net, serving member countries and enhancing their ability to address economic challenges.

Business

Saudi Chambers Federation Announces First Saudi-Kuwaiti Business Council

File photo of the Saudi flag/AAWSAT
File photo of the Saudi flag/AAWSAT
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Saudi Chambers Federation Announces First Saudi-Kuwaiti Business Council

File photo of the Saudi flag/AAWSAT
File photo of the Saudi flag/AAWSAT

The Federation of Saudi Chambers announced the formation of the first joint Saudi-Kuwaiti Business Council for its inaugural term (1447–1451 AH) and the election of Salman bin Hassan Al-Oqayel as its chairman.

Al-Oqayel said the council’s formation marks a pivotal milestone in economic relations between Saudi Arabia and Kuwait, reflecting a practical approach to enabling the business sectors in both countries to capitalize on promising investment opportunities and strengthen bilateral trade and investment partnerships, SPA reported.

He noted that trade between Saudi Arabia and Kuwait reached approximately SAR9.5 billion by the end of November 2025, including SAR8 billion in Saudi exports and SAR1.5 billion in Kuwaiti imports.