UAE, Canada sign agreement to promote investment during Carney visit

In a significant move to bolster economic ties, the United Arab Emirates (UAE) and Canada have signed a landmark agreement aimed at protecting and promoting investments. The deal was inked during a high-profile meeting between UAE President Sheikh Mohamed bin Zayed Al Nahyan and Canadian Prime Minister Mark Carney at Qasr Al Shati in Abu Dhabi. The agreement underscores both nations’ commitment to enhancing economic cooperation and fostering strategic investment partnerships aligned with their shared development goals. The meeting also saw the announcement of a memorandum of understanding (MoU) on investment cooperation between the two governments. Both leaders expressed a strong desire to deepen collaboration in key sectors such as investment, trade, technology, artificial intelligence, clean energy, climate action, education, culture, and sustainability. Additionally, they discussed regional and international developments of mutual concern, reaffirming their commitment to promoting peace, security, and global stability. Sheikh Mohamed highlighted the UAE-Canada relationship as a model of cooperation aimed at advancing development and prosperity, while Carney emphasized Canada’s eagerness to strengthen areas of cooperation that benefit both nations and contribute to global peace and stability.