Carney Expected to Strengthen Trade and Investment Ties with UAE During Abu Dhabi Visit

Prime Minister Mark Carney is currently in Abu Dhabi with the aim of enhancing trade and investment connections with the United Arab Emirates. According to senior officials briefed on the trip, Carney is set to finalize a foreign investment protection agreement with the UAE by the end of the week. This agreement will establish guidelines for private sector transactions to promote greater investments. Additionally, both nations are looking to kick off negotiations on a free trade deal encompassing various sectors of their economies. Carney’s visit follows a recent agreement between the two countries to strengthen cooperation in artificial intelligence and data centers.

Janice Stein, founder of the Munk School of Global Affairs at the University of Toronto, highlighted the UAE’s advancements in AI, suggesting that Canada could benefit from both investment and innovation. This development signals a promising outlook for bilateral relations in the tech sector. The report by The Canadian Press initially appeared on November 20, 2025, shedding light on the growing economic collaboration between Canada and the UAE.