Thursday, 30 April 2009

Obama action expected soon on UAE nuclear pact

President Barack Obama is expected to soon certify a nuclear energy agreement with the United Arab Emirates, setting the stage for action in Congress on a pact that could be worth billions of dollars to U.S. companies, a U.S. business official said on Wednesday.

Danny Sebright, president of the U.S.-UAE Business Council, told Reuters he expected Obama to issue a presidential determination that the agreement, signed in the last days of the administration of former President George W. Bush, is in the best interests of the United States.

That would set the stage for U.S. Secretary of State Hillary Clinton to formally notify Congress of the United States' intention to enter into the nuclear energy cooperation deal with one of Iran's neighbors, giving lawmakers 90 days to vote down the pact if they choose, he said.

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