Countries around the world are seriously considering peaceful nuclear energy programs to solve the shortage of energy, according to UAE Energy Minister Suhail Mohammed Al-Mazrouei.
“More than 70 new nuclear energy plants are being constructed in 14 countries and more than 40 responsible nations are considering commencing nuclear energy programs,” Al-Mazrouei said while opening the four-day New Nuclear International Conference (NNIC), which is hosted by the Emirates Nuclear Energy Corporation (ENEC), at the Ritz-Carlton Abu Dhabi Grand Canal. Thirty-four countries are being represented at the four-day conference.
“I recently attended the World Energy Congress and had the opportunity to meet with the world’s energy leaders. I found that countries around the world are announcing that they are considering peaceful nuclear energy programs,” the minister added.
“Peaceful nuclear energy will provide the UAE with a diversified energy mix, delivering reliable electricity while adhering to our responsibility to deliver clean energy for the growth of the nation,” he added.
“In the UAE, we are moving decisively forward with an energy portfolio that is adequately diversified and balances our need for a constant and growing electricity supply with our responsibility to implement cleaner, low-carbon technologies,” Al-Mazrouei added.
Mohamed Al-Hammadi, ENEC CEO, addressing the NNIC delegates during the inaugural session, highlighted the importance of conferences such as the NNIC to provide a platform for nuclear energy officials and energy policy makers from nations around the world to discuss a new future for nuclear energy, as it is a unique technology that is able to provide clean and reliable electricity to responsible nations around the world.
Meanwhile, ENEC on Sunday hosted a group of delegates of the NNIC at Barakah, the selected site of the UAE peaceful nuclear energy program for a site tour. The group, composed of government officials, nuclear energy leaders and experts from around the globe had the opportunity to gain insight of the ongoing construction work of the Barakah site, where the UAE’s first two nuclear energy plants are under construction.
Hosted by Chief Nuclear Officer (CNO) George Vanderheyden and Executive Project and Construction Director Ali Al-Zaabi, the site tour provided attendees with an overview of the complex and extensive construction program under way on site.
Al-Mazrouei: Nuclear programs needed to solve energy shortage
Al-Mazrouei: Nuclear programs needed to solve energy shortage
Closing Bell: Saudi main index slips to close at 11,228
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, lost 23.17 points, or 0.21 percent, to close at 11,228.64.
The total trading turnover of the benchmark index was SR2.99 billion ($797 million), as 170 of the stocks advanced and 82 retreated.
On the other hand, the Kingdom’s parallel market Nomu gained 449.38 points, or 1.90 percent, to close at 24,093.12. This comes as 43 of the stocks advanced while 27 retreated.
The MSCI Tadawul Index lost 6.07 points, or 0.40 percent, to close at 1,511.36.
The best-performing stock of the day was Obeikan Glass Co., whose share price surged 7.54 percent to SR27.66.
Other top performers included Alamar Foods Co., whose share price rose 6.80 percent to SR47.10, as well as Saudi Kayan Petrochemical Co., whose share price climbed 6.79 percent to SR5.66.
Saudi Investment Bank recorded the steepest drop, falling 3.21 percent to SR13.56.
Jahez International Co. for Information System Technology also saw its share price fall 3.15 percent to SR13.55.
Rabigh Refining and Petrochemical Co. declined 2.78 percent to SR7.34.
On the announcements front, Tanmiah Food Co. reported its annual financial results for the period ending Dec. 31. According to a Tadawul statement, the company recorded a net loss of SR18.8 million, compared with a net profit of SR95.8 million a year earlier.
The net loss was mainly due to ongoing market challenges that resulted in continued pricing pressures in fresh poultry, inflationary cost pressures, higher financing expenses, and depreciation and ramp-up costs from new facilities, partially offset by increased production volumes and cost-optimization initiatives.
Tanmiah Food Co. ended the session at SR58.20, up 3.72 percent.
United International Holding Co., also known as Tas’heel, announced its annual financial results for the period ending Dec. 31. A bourse filing showed the company recorded a net profit of SR273.64 million in 2025, up 23.05 percent from 2024, primarily driven by a 23.4 percent rise in revenues. The revenue growth helped lift gross profit by 23.7 percent.
Tas’heel ended the session at SR146.80, down 0.28 percent.
