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Carney off to the United Arab Emirates tonight before heading to G20 summit
Prime Minister Mark Carney aims to attract Gulf sovereign wealth funds to diversify Canadian investments beyond the U.S., targeting sectors like energy and AI, with $8.8 billion invested from UAE.
- Tonight, Prime Minister Mark Carney is travelling to the United Arab Emirates before heading to the G20 Leaders' Summit in Johannesburg later this week, which represents more than 85 per cent of the global economy.
- Carney will meet UAE President Sheikh Mohammed bin Zayed Al Nahyan in Abu Dhabi to expand partnerships in energy, agriculture, infrastructure and AI and hold talks to diversify Canada's markets away from the U.S.
- Some of the UAE's largest funds, including Abu Dhabi Investment Authority with more than US$1-trillion and Mubadala valued at US$330-billion, support Canada-UAE economic links of US$8.8-billion FDI and US$3.4-billion two-way trade.
- The stopover is historic, as Prime Minister Mark Carney is the first Canadian to visit the UAE in more than 40 years, despite criticism from Conservatives, with Premier Doug Ford supporting Monday.
- This visit juxtaposes private-sector access with governance concerns, as Mark Carney brings Brookfield Asset Management ties and prior ALTERRA deals amid Freedom House and Human Rights Watch warnings of UAE political restrictions.
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Winnipeg Free Press+14 Reposted by 14 other sources
Carney off to the United Arab Emirates tonight before heading to G20 summit
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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The AFA cooperative (Agricultores Federatedes Argentinos) has multiple products that it exports to dozens of markets. But it has not yet entered the exponential universe of biofuels nor is it known too much in the Arab countries. Perhaps all this can change one day if the alliance that has just sealed with the company ADNOC Global Trading (AGT), belonging to an energy group that is owned to 100% of the Government of Abu Dhabi, in the United Arab…
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Total News Sources18
Leaning Left11Leaning Right0Center3Last UpdatedBias Distribution79% Left
Bias Distribution
- 79% of the sources lean Left
79% Left
L 79%
C 21%
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