Friday, 23 October 2009

US-UAE nuclear deal to take effect soon-State Dept

The United States and United Arab Emirates are finalizing a landmark nuclear power cooperation agreement now that Congress has given its tacit approval, U.S. officials said on Thursday.

"We are entering into the final stages of efforts to bring the proposed agreement into force," State Department spokesman Ian Kelly told reporters.

The pact, which President Barack Obama approved in May and sent to Congress for a 90-day review period, is potentially worth billions of dollars to General Electric Co (GE.N) and Westinghouse Electric, a subsidiary of Toshiba Corp (6502.T).

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