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Barakah nuclear energy plant’s Unit 3 transformers energised

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) has achieved another milestone in the construction of Unit 3 of the Barakah nuclear energy plant, being built at the Al Dhafra region of Abu Dhabi. Enec has safely and successfully energised Unit 3’s main power transformer and gas insulated bus (GIB), an important step in the continued testing and ...

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Sharjah council approves fees for SMA in Khor Fakkan

SHARJAH / WAM HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the Sharjah Executive Council (SEC) chaired a meeting of the council at the Ruler’s Office in Sharjah. The council reviewed various issues on its agenda concerning achieving the vision of the Emirate of Sharjah. After the ratification of the minutes ...

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South Korea to probe sales of product that risks big losses

Bloomberg South Korean financial regulators will start a probe into sales of derivative products that carry the risk of individual investors losing almost all their money depending on moves in overseas market rates. Those products include 127 billion won ($105 million) of securities tied to the German 10-year government bond yield, according to a statement from the Financial Supervisory Service. ...

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