France hopes for UAE nuclear deals



France is seeking fresh nuclear energy contracts in the UAE after losing out on a bid to build the country's first reactors.

"If they have other plans we will obviously bid," said Pierre Lellouche, the French foreign trade minister. "There's plenty of room, it seems, for dozens of French firms."

In 2009, a French consortium led by Areva lost a bid to construct the UAE's first nuclear reactors. The contract went to a consortium led by Korea Electric Power Corporation.

But the Korean consortium is set to supply only the first three batches of the uranium that will fuel the four reactors in Abu Dhabi's Western Region, said Hamad al Kaabi, the UAE's permanent representative to the International Atomic Energy Agency.

France, the UK, US and South Korea have signed nuclear co-operation agreements with the UAE. Those agreements form the foundation for technology and knowledge transfer in addition to opening supply routes for nuclear fuel, Mr al Kaabi said.

France has also sought to secure nuclear contracts in Jordan and Kuwait, which began laying the foundations for nuclear energy at the same time as the UAE.

Mr Lellouche cited France's legacy of nuclear power generation. "We are at the top of the league in this industry, particularly in terms of safety," he said.

Mr Lellouche met Dr Sultan al Jaber, the chief executive of Masdar, Abu Dhabi's clean-energy company, along with representatives from the Abu Dhabi Chamber of Commerce and Industry before a planned visit to Saudi Arabia. The kingdom is evaluating the merits of adding nuclear power to a mostly fossil fuels energy mix to alleviate its chronic electricity shortages.

Company%20Profile
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COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
The specs: 2018 Jaguar F-Type Convertible

Price, base / as tested: Dh283,080 / Dh318,465

Engine: 2.0-litre inline four-cylinder

Transmission: Eight-speed automatic

Power: 295hp @ 5,500rpm

Torque: 400Nm @ 1,500rpm

Fuel economy, combined: 7.2L / 100km

LOS ANGELES GALAXY 2 MANCHESTER UNITED 5

Galaxy: Dos Santos (79', 88')
United: Rashford (2', 20'), Fellaini (26'), Mkhitaryan (67'), Martial (72')

Scoreline

Man Utd 2 Pogba 27', Martial 49'

Everton 1 Sigurdsson 77'

BUNDESLIGA FIXTURES

Saturday, May 16 (kick-offs UAE time)

Borussia Dortmund v Schalke (4.30pm) 
RB Leipzig v Freiburg (4.30pm) 
Hoffenheim v Hertha Berlin (4.30pm) 
Fortuna Dusseldorf v Paderborn  (4.30pm) 
Augsburg v Wolfsburg (4.30pm) 
Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)

Sunday, May 17

Cologne v Mainz (4.30pm),
Union Berlin v Bayern Munich (7pm)

Monday, May 18

Werder Bremen v Bayer Leverkusen (9.30pm)

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

THE SPECS

Engine: 1.5-litre turbocharged four-cylinder

Transmission: Constant Variable (CVT)

Power: 141bhp 

Torque: 250Nm 

Price: Dh64,500

On sale: Now

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