{"id":275204,"date":"2025-11-21T10:10:10","date_gmt":"2025-11-21T10:10:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/275204\/"},"modified":"2025-11-21T10:10:10","modified_gmt":"2025-11-21T10:10:10","slug":"uae-plans-to-invest-50-billion-in-canadas-energy-and-ai-sectors","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/275204\/","title":{"rendered":"UAE plans to invest $50 billion in Canada\u2019s energy and AI sectors"},"content":{"rendered":"

The UAE<\/a> plans to invest $50 billion in Canada<\/a> as part of an investment framework agreement between the two countries.<\/p>\n

As part of the agreement, the Arab world\u2019s second largest economy will invest in vital sectors including energy, AI logistics, mining and other strategic industries, the Ministry of Investment said.<\/p>\n

Under the directive of the UAE President Sheikh Mohamed<\/a>, Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, approved the investment framework, with Canadian Prime Minister Mark Carney and Mohamed Alsuwaidi, UAE Minister of Investment and managing director and chief executive of ADQ, in attendance.<\/p>\n

Mr Carney is visiting the UAE as Canada focuses on strengthening economic ties with Abu Dhabi. The foreign direct investment stock from the UAE stood at $8.8 billion in 2024.<\/p>\n

In October, the UAE signed an initial pact with Canada focusing on artificial intelligence and digital innovation, in a move aimed at boosting bilateral ties<\/a>. The countries will explore opportunities to collaborate in the digital infrastructure sector, with a focus on developing data centres and AI projects, the Ministry of Investment said in a post on X at the time.<\/p>\n

Sheikh Mohamed<\/a> on Thursday held talks with Mr Carney<\/a> in Abu Dhabi, as the countries signed an agreement to strengthen economic co-operation.<\/p>\n

The two leaders explored ways to boost ties in key sectors such as investment, trade, technology, AI and clean energy during a meeting at Qasr Al Shati, as part of Mr Carney’s official visit to the Emirates.<\/p>\n

In the past few years, the UAE has been building trade and investment ties through Comprehensive Economic Partnership Agreements (Cepa) to diversify its non-oil economic base.<\/p>\n

The country aims to increase the value of its trade to $1 trillion by 2031. The UAE also aims to double the size of its economy to exceed $800 billion by the same year, with Cepa programmes among the central planks of the national strategy.<\/p>\n

Since the Cepa programme was launched in September 2021, the UAE has concluded agreements with countries around the globe.<\/p>\n

Copa del Rey<\/p>\n

Barcelona v Real Madrid
Semi-final, first leg
Wednesday (midnight UAE)<\/p>\n

The%20specs<\/p>\n

%3Cp%3E%3Cstrong%3EPowertrain%3A%20%3C%2Fstrong%3ESingle%20electric%20motor%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E201hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E310Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20auto%0D%3Cbr%3E%3Cstrong%3EBattery%3A%20%3C%2Fstrong%3E53kWh%20lithium-ion%20battery%20pack%20(GS%20base%20model)%3B%2070kWh%20battery%20pack%20(GF)%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E350km%20(GS)%3B%20480km%20(GF)%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C900%20(GS)%3B%20Dh149%2C000%20(GF)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A<\/p>\n

Bookshops: A Reader’s History\u00a0by Jorge Carri\u00f3n (translated from the Spanish by Peter Bush),
Biblioasis<\/p>\n

About Okadoc<\/p>\n

Date started: Okadoc,\u00a02018<\/p>\n

Founder\/CEO:\u00a0Fodhil Benturquia<\/p>\n

Based:\u00a0Dubai, UAE<\/p>\n

Sector:\u00a0Healthcare<\/p>\n

Size: (employees\/revenue)\u00a040 staff; undisclosed revenues recording \u201cdouble-digit\u201d monthly growth<\/p>\n

Funding stage:\u00a0Series B fundraising round to conclude in February<\/p>\n

Investors: Undisclosed<\/p>\n

Specs<\/p>\n

Engine:\u00a0Duel electric motors
Power:\u00a0659hp
Torque:\u00a01075Nm
On sale:\u00a0Available for pre-order now
Price: On request<\/p>\n

Ferrari 12Cilindri specs<\/p>\n

Engine: naturally aspirated 6.5-liter V12<\/p>\n

Power: 819hp<\/p>\n

Torque: 678Nm at 7,250rpm<\/p>\n

Price: From Dh1,700,000<\/p>\n

Available: Now<\/p>\n

Barcelona 3
Messi (27\u2019, 32\u2019, 87\u2019)<\/p>\n

Leganes 1
El Zhar (68\u2019)<\/p>\n

Seven%20Winters%20in%20Tehran<\/p>\n

%3Cp%3E%3Cstrong%3EDirector%20%3A%3C%2Fstrong%3E%20Steffi%20Niederzoll%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Reyhaneh%20Jabbari%2C%20Shole%20Pakravan%2C%20Zar%20Amir%20Ebrahimi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A<\/p>\n

Oppenheimer<\/p>\n

%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EChristopher%20Nolan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ECillian%20Murphy%2C%20Emily%20Blunt%2C%20Robert%20Downey%20Jr%2C%20Florence%20Pugh%2C%20Matt%20Damon%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E5%2F5%3Cbr%3E%3C%2Fp%3E%0A<\/p>\n

The bio<\/p>\n

Date of Birth: April 25, 1993
Place of Birth: Dubai, UAE
Marital Status: Single
School: Al Sufouh in Jumeirah, Dubai
University: Emirates Airline National Cadet Programme and Hamdan University
Job Title: Pilot, First Officer
Number of hours flying in a Boeing 777: 1,200
Number of flights: Approximately 300
Hobbies: Exercising
Nicest destination: Milan, New Zealand, Seattle for shopping
Least nice destination: Kabul, but someone has to do it. It\u2019s not scary but at least you can tick the box that you\u2019ve been
Favourite place to visit: Dubai, there\u2019s no place like home<\/p>\n

Graduated from the American University of Sharjah<\/p>\n

She is the eldest of three brothers and two sisters<\/p>\n

Has helped solve 15 cases of electric shocks<\/p>\n

Enjoys travelling, reading and horse riding<\/p>\n

\u00a0<\/p>\n

Various Artists\u00a0
Habibi Funk: An Eclectic Selection Of Music From The Arab World\u00a0(Habibi Funk)
\u200b\u200b\u200b\u200b\u200b\u200b\u200b<\/p>\n

The\u00a0specs<\/p>\n

Engine:\u00a03.0-litre\u00a06-cyl\u00a0turbo<\/p>\n

Power:\u00a0374hp\u00a0at\u00a05,500-6,500rpm<\/p>\n

Torque:\u00a0500Nm\u00a0from\u00a01,900-5,000rpm<\/p>\n

Transmission:\u00a08-speed\u00a0auto<\/p>\n

Fuel\u00a0consumption:\u00a08.5L\/100km<\/p>\n

Price:\u00a0from\u00a0Dh285,000<\/p>\n

On\u00a0sale:\u00a0from\u00a0January\u00a02022\u00a0<\/p>\n

The specs<\/p>\n

Engine: 4.0-litre V8 twin-turbocharged and three electric motors<\/p>\n

Power: Combined output 920hp<\/p>\n

Torque: 730Nm at 4,000-7,000rpm<\/p>\n

Transmission: 8-speed dual-clutch automatic<\/p>\n

Fuel consumption: 11.2L\/100km<\/p>\n

On sale: Now, deliveries expected later in 2025<\/p>\n

Price: expected to start at Dh1,432,000<\/p>\n

APPLE IPAD MINI (A17 PRO)<\/p>\n

Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits<\/p>\n

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine<\/p>\n

Storage: 128\/256\/512GB<\/p>\n

Main camera: 12MP wide, f\/1.8, digital zoom up to 5x, Smart HDR 4<\/p>\n

Front camera: 12MP ultra-wide, f\/2.4, Smart HDR 4, full-HD @ 25\/30\/60fps<\/p>\n

Biometrics: Touch ID, Face ID<\/p>\n

Colours: Blue, purple, space grey, starlight<\/p>\n

In the box: iPad mini, USB-C cable, 20W USB-C power adapter<\/p>\n

Price: From Dh2,099<\/p>\n

The%C2%A0specs%20<\/p>\n

%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4.4-litre%2C%20twin-turbo%20V8%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3Eeight-speed%20auto%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E617hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E750Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh630%2C000%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A<\/p>\n

A general guide to how active you are:<\/p>\n

Less than 5,000 steps – sedentary<\/p>\n

5,000 – 9,999 steps – lightly active<\/p>\n

10,000\u00a0 – 12,500 steps – active<\/p>\n

12,500 – highly active<\/p>\n

Company profile<\/p>\n

Name: Fruitful Day<\/p>\n

Founders: Marie-Christine Luijckx, Lyla Dalal AlRawi, Lindsey Fournie<\/p>\n

Based: Dubai, UAE<\/p>\n

Founded: 2015<\/p>\n

Number of employees: 30<\/p>\n

Sector: F&B<\/p>\n

Funding so far: Dh3 million<\/p>\n

Future funding plans: None at present<\/p>\n

Future markets: Saudi Arabia, potentially Kuwait and other GCC countries<\/p>\n

UAE currency: the story behind the money in your pocketsOur legal consultant<\/p>\n

Name:\u00a0Dr Hassan Mohsen Elhais<\/p>\n

Position:\u00a0legal consultant with Al Rowaad Advocates and Legal Consultants.<\/p>\n

The specs<\/p>\n

Engine: Dual 180kW and 300kW front and rear motors<\/p>\n

Power: 480kW<\/p>\n

Torque: 850Nm<\/p>\n

Transmission: Single-speed automatic<\/p>\n

Price: From Dh359,900 ($98,000)<\/p>\n

On sale: Now<\/p>\n

WHAT%20START-UPS%20IS%20VISA%20SEEKING%3F<\/p>\n

%3Cp%3E%3Cstrong%3EEnablers%20of%20digital%20services%3C%2Fstrong%3E%3Cbr%3E%E2%80%A2%20Blockchain%20and%20cryptocurrency%3Cbr%3E%E2%80%A2%20Crowdfunding%3Cbr%3E%E2%80%A2%20Banking-as-a-service%3Cbr%3E%E2%80%A2%20Banking%20identification%20number%20sponsors%3Cbr%3E%E2%80%A2%20Issuers%2Fprocessors%3Cbr%3E%E2%80%A2%20Programme%20managers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDigital%20issuance%3C%2Fstrong%3E%3Cbr%3E%E2%80%A2%20Blockchain%20and%20cryptocurrency%3Cbr%3E%E2%80%A2%20Alternative%20lending%3Cbr%3E%E2%80%A2%20Personal%20financial%20management%3Cbr%3E%E2%80%A2%20Money%20transfer%20and%20remittance%3Cbr%3E%E2%80%A2%20Digital%20banking%20(neo%20banks)%3Cbr%3E%E2%80%A2%20Digital%20wallets%2C%20peer-to-peer%20and%20transfers%3Cbr%3E%E2%80%A2%20Employee%20benefits%3Cbr%3E%E2%80%A2%20Payables%3Cbr%3E%E2%80%A2%20Corporate%20cards%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EValue-add%20for%20merchants%2Fconsumers%3C%2Fstrong%3E%3Cbr%3E%E2%80%A2%20Data%20and%20analytics%3Cbr%3E%E2%80%A2%20ID%2C%20authentication%20and%20security%3Cbr%3E%E2%80%A2%20Insurance%20technology%3Cbr%3E%E2%80%A2%20Loyalty%3Cbr%3E%E2%80%A2%20Merchant%20services%20and%20tools%3Cbr%3E%E2%80%A2%20Process%20and%20payment%20infrastructure%3Cbr%3E%E2%80%A2%20Retail%20technology%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESME%20recovery%3C%2Fstrong%3E%3Cbr%3E%E2%80%A2%20Money%20movement%3Cbr%3E%E2%80%A2%20Acceptance%3Cbr%3E%E2%80%A2%20Risk%20management%3Cbr%3E%E2%80%A2%20Brand%20management%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ENew%20categories%20for%202023%3C%2Fstrong%3E%3Cbr%3E%E2%80%A2%20Sustainable%20FinTechs%3Cbr%3E%E2%80%A2%20Risk%3Cbr%3E%E2%80%A2%20Urban%20mobility%3C%2Fp%3E%0A<\/p>\n

Representing%20UAE%20overseas<\/p>\n

%3Cp%3E%0DIf%20Catherine%20Richards%20debuts%20for%20Wales%20in%20the%20Six%20Nations%2C%20she%20will%20be%20the%20latest%20to%20have%20made%20it%20from%20the%20UAE%20to%20the%20top%20tier%20of%20the%20international%20game%20in%20the%20oval%20ball%20codes.%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3ESeren%20Gough-Walters%20(Wales%20rugby%20league)%3C%2Fstrong%3E%0D%3Cbr%3EBorn%20in%20Dubai%2C%20raised%20in%20Sharjah%2C%20and%20once%20an%20immigration%20officer%20at%20the%20British%20Embassy%20in%20Abu%20Dhabi%2C%20she%20debuted%20for%20Wales%20in%20rugby%20league%20in%202021.%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3ESophie%20Shams%20(England%20sevens)%3C%2Fstrong%3E%0D%3Cbr%3EWith%20an%20Emirati%20father%20and%20English%20mother%2C%20Shams%20excelled%20at%20rugby%20at%20school%20in%20Dubai%2C%20and%20went%20on%20to%20represent%20England%20on%20the%20sevens%20circuit.%20%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3EFiona%20Reidy%20(Ireland)%3C%2Fstrong%3E%0D%3Cbr%3EMade%20her%20Test%20rugby%20bow%20for%20Ireland%20against%20England%20in%202015%2C%20having%20played%20for%20four%20years%20in%20the%20capital%20with%20Abu%20Dhabi%20Harlequins%20previously.%0D%3C%2Fp%3E%0A<\/p>\n

Labour dispute<\/p>\n

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.<\/p>\n

– Abdullah Ishnaneh, Partner, BSA Law\u00a0<\/p>\n

Director:\u00a0Paul Weitz
Stars: Kevin Hart
3\/5 stars<\/p>\n

Wicked: For Good<\/p>\n

Director: Jon M Chu<\/p>\n

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater<\/p>\n

Rating: 4\/5<\/p>\n

Emirates exiles<\/p>\n

Will Wilson is not the first player to have attained high-class representative honours after first learning to play rugby on the playing fields of UAE.<\/p>\n

Jonny Macdonald
Abu Dhabi-born and raised, the current Jebel Ali Dragons assistant coach was selected to play for Scotland at the Hong Kong Sevens in 2011.<\/p>\n

Jordan Onojaife
Having started rugby by chance when the Jumeirah College team were short of players, he later won the World Under 20 Championship with England.<\/p>\n

Devante Onojaife
Followed older brother Jordan into England age-group rugby, as well as the pro game at Northampton Saints, but recently switched allegiance to Scotland.<\/p>\n

THE BIO<\/p>\n

Born: Mukalla, Yemen, 1979<\/p>\n

Education: UAE University, Al Ain<\/p>\n

Family: Married with two daughters: Asayel, 7, and Sara, 6<\/p>\n

Favourite piece of music: Horse Dance by Naseer Shamma<\/p>\n

Favourite book: Science and geology<\/p>\n

Favourite place to travel to: Washington DC<\/p>\n

Best advice you\u2019ve ever been given: If you have a dream, you have to believe it, then you will see it.<\/p>\n

Age 26<\/p>\n

Born May 17, 1991<\/p>\n

Height\u00a01.80 metres<\/p>\n

Birthplace Sydney, Australia<\/p>\n

Residence Eastbourne, England<\/p>\n

Plays Right-handed<\/p>\n

WTA titles 3<\/p>\n

Prize money\u00a0US$5,761,870 (Dh21,162,343.75)<\/p>\n

Wins \/ losses\u00a0312 \/ 181<\/p>\n

Quick%20facts<\/p>\n

%3Cul%3E%0A%3Cli%3EStorstockholms%20Lokaltrafik%20(SL)%20offers%20free%20guided%20tours%20of%20art%20in%20the%20metro%20and%20at%20the%20stations%3C%2Fli%3E%0A%3Cli%3EThe%20tours%20are%20free%20of%20charge%3B%20all%20you%20need%20is%20a%20valid%20SL%20ticket%2C%20for%20which%20a%20single%20journey%20(valid%20for%2075%20minutes)%20costs%2039%20Swedish%20krone%20(%243.75)%3C%2Fli%3E%0A%3Cli%3ETravel%20cards%20for%20unlimited%20journeys%20are%20priced%20at%20165%20Swedish%20krone%20for%2024%20hours%3C%2Fli%3E%0A%3Cli%3EAvoid%20rush%20hour%20%E2%80%93%20between%209.30%20am%20and%204.30%20pm%20%E2%80%93%20to%20explore%20the%20artwork%20at%20leisure%3C%2Fli%3E%0A%3C%2Ful%3E%0A<\/p>\n

‘The worst thing you can eat’<\/p>\n

Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.<\/p>\n

Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:\u00a0<\/p>\n

Baked goods –\u00a0Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.<\/p>\n

Snacks –\u00a0Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.<\/p>\n

Fried food –\u00a0Foods that require deep frying \u2014 french fries, doughnuts and fried chicken \u2014 can contain trans fat from the oil used in the cooking process.<\/p>\n

Refrigerator dough –\u00a0Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.<\/p>\n

Creamer and margarine –\u00a0Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.<\/p>\n

Benefits of first-time home buyers’ scheme
\nPriority access to new homes from participating developers
\nDiscounts on sales price of off-plan units
\nFlexible payment plans from developers
\nMortgages with better interest rates, faster approval times and reduced fees
\nDLD registration fee can be paid through banks or credit cards at zero interest rates
\n%20Ramez%20Gab%20Min%20El%20Akher<\/p>\n

%3Cp%3E%3Cstrong%3ECreator%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStreaming%20on%3A%20%3C%2Fstrong%3EMBC%20Shahid%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2.5%2F5%3C%2Fp%3E%0A<\/p>\n","protected":false},"excerpt":{"rendered":"The UAE plans to invest $50 billion in Canada as part of an investment framework agreement between the…\n","protected":false},"author":2,"featured_media":275205,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,10671,626,1294,5438,5141,10039,56,54,55],"class_list":{"0":"post-275204","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-business-team","10":"tag-canada","11":"tag-economy","12":"tag-standard","13":"tag-story","14":"tag-uae","15":"tag-uk","16":"tag-united-kingdom","17":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/275204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=275204"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/275204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/275205"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=275204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=275204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=275204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}