US EditionCarney off to the United Arab Emirates tonight before heading to G20 summit
Prime Minister Mark Carney aims to secure formal investment protections and attract billions in foreign direct investment from UAE sovereign wealth funds into key Canadian sectors.
- This week, Prime Minister Mark Carney is travelling to the United Arab Emirates tonight before departing for the G20 Leaders' Summit later this week, meeting Sheikh Mohammed bin Zayed Al Nahyan in Abu Dhabi to expand economic ties.
- Seeking investment, Carney is pitching Canada as a destination for Gulf capital to attract billions in foreign investment and diversify trade after ruptures with the U.S. under President Donald Trump.
- Statistics highlight the scale: Canada‑U.A.E. merchandise trade included $2.6 billion in exports, $2600 million in imports, and $8.8‑billion in UAE FDI into Canada.
- Carney's meetings in Abu Dhabi are closed to the press amid media access restrictions in Abu Dhabi; the UAE denies reports it armed a paramilitary force in Sudan while Canada continues engagement to end the violence.
- Leveraging Brookfield Asset Management, a US$1-trillion asset manager, Ottawa seeks AI and major project deals, tapping UAE expertise including artificial intelligence and quantum computing.
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30 Articles
The Prime Minister will go to the United Arab Emirates to develop trade ties, before going to South Africa for the G20 summit.
Carney heads to U.A.E. hoping to sign investment pact with gulf nation
Prime Minister Mark Carney is slated to meet with United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi with the explicit focus on expanding the Canada-U.A.E. economic partnership in key sectors such as energy, agriculture, infrastructure and AI.
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News Analysis Prime Minister Mark Carney narrowly passed his first budget on Nov. 17, as opposition parties were reluctant to trigger an election, and the focus will now turn to implementing the budget plan. Many initiatives are being pursued in that regard, as Ottawa tries to expedite major projects, get back to the negotiating table with the Trump administration to address sectoral tariffs, prepare itself for the upcoming review of the Canada-…
Winnipeg Free Press
Carney off to the United Arab Emirates tonight before heading to G20 summit
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