World Bulletin / News Desk
Construction work can start on the United Arab Emirates' first nuclear power plant, the Federal Authority of Nuclear Regulation said on Wednesday, opening the way for a consortium of South Korean companies to begin work on the multi-billion dollar project.
In December 2009, the UAE awarded a South Korean consortium led by Korea Electric Power Corp a contract to build four nuclear reactors to meet rapidly rising demand for electricity.
Emirates Nuclear Energy Corp, established to carry out the project, has been waiting for the construction licence before it starts pouring concrete for the first two reactors at the Barakah nuclear power plant.
Days after Russian regulator demeaned cryptocurrency, it breaks new records
The figure was slightly lower than analysts had forecast, following a 1.4 percent hike in overall prices in August.
Two parties to work for promoting sustainable economic growth in Developing 8 countries
Investors will also be tracking the start of an EU summit where Brexit will once again be the focus of attention.
BIST 100 index rises 0.45 pct while US dollar/Turkish lira rate stands at 3.67
Bank expects Turkey's strong growth performance to continue in Q3, World Bank Country Director for Turkey says
Industrial production marks first increase in three months, while manufacturing production comes below market expectations
While optimism remains over the world economy and corporate earnings -- helping push global markets to all-time or multi-month highs -- investors moved carefully as they await the next catalyst.
BIST 100 index rises 1.18 pct while US dollar/Turkish lira rate stands over 3.63
BIST 100 index falls 0.24 pct while US dollar/Turkish lira rate climbs to 3.69
National Bank of Ethiopia says devaluation of its currency necessary to boost exports
In its latest forecast, the IMF predicted the Russian economy will expand by 1.8 percent in 2017 and by 1.6 percent in 2018.