First nationals chosen to work on nuclear reactors



ABU DHABI // The first wave of Emirati nationals who will work in the country's civilian nuclear energy programme when the reactors come on line in the next decade have been identified. Thirty-eight UAE nationals have been selected for a scholarship programme and have begun engineering courses in the Emirates and overseas as part of the scheme, which comes as the country prepares to select an operator for its own fleet of nuclear reactors.

Fahad al Qahtani, a spokesman for the Emirates Nuclear Energy Corporation (Enec), said UAE nationals would play "a major part in developing and leading" the country's nuclear energy industry. "The participation of talented UAE nationals is critical to the long-term success of the UAE nuclear energy programme," he said. The scholarship programme is run by Enec, Khalifa University for Science, Technology and Research (Kustar) and the Federal Authority for Nuclear Regulation.

French, Japanese and South Korean consortia are vying for the contract to build the first pair of reactors, in Abu Dhabi. The initial contract is likely to lead to an agreement to build a number of reactors of the same design, with the total value of the project estimated at US$39 billion (Dh143.24bn). The reactors are expected to supply half the country's energy needs by 2020. In a white paper last year, the UAE indicated it was committed to training the country's own personnel for the nuclear energy programme, saying the Emirates would develop "a skilled cadre of engineers".

"The UAE would intend to ensure that substantial progress had been made in the development of human-resource capacity in advance of facility construction and operation," the white paper continued. Five students from among the scholarship winners are studying for master's degrees in nuclear engineering in France. A further 33 are taking bachelor's degrees in nuclear, electrical or mechanical engineering in the UAE, the United States or the UK.

Once they complete their courses, students are expected to work for one of the three institutions running the programme for at least as long as their schooling lasted. The first round of scholarships attracted more than 500 applicants. Applications are now being taken for the second round of the annual scholarship programme. Officials say they hope by the middle of December to have received a similar number of applications for the second year, which will see students begin courses in autumn 2010.

The scholarships cover tuition fees and living costs; the monetary value of the scholarship depends on the location of the school. "It is one of the most competitive packages [for such scholarships]," said Mr al Qahtani. Students on scholarships will be offered work placements to prepare them for jobs when they graduate. Admission requirements include high levels of academic achievement and English proficiency. To be eligible for a bachelor's degree scholarship, students must have scored at least 85 per cent or its equivalent on their secondary school certificate in science. For the Master's degree scholarship, a grade-point average of 3.0 out of 4.0 during a previous bachelor's degree course in engineering or physics is needed.

Applicants are interviewed by training specialists from Enec and the Federal Authority for Nuclear Regulation, and professors from Kustar. An information session will be scheduled in the coming weeks in which students and parents will be able to ask questions about the programme. More information is available at www.ku.ac.ae/enecscholarship/
dbardsley@thenational.ae

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Biography

Favourite drink: Must have karak chai and Chinese tea every day

Favourite non-Chinese food: Arabic sweets and Indian puri, small round bread of wheat flour

Favourite Chinese dish: Spicy boiled fish or anything cooked by her mother because of its flavour

Best vacation: Returning home to China

Music interests: Enjoys playing the zheng, a string musical instrument

Enjoys reading: Chinese novels, romantic comedies, reading up on business trends, government policy changes

Favourite book: Chairman Mao Zedong’s poems

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UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.


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