From Financial Post · Bloomberg News · · 1m 30s
Calgary-Abu Dhabi Air Link Boosts Canada’s Gulf Trade
Canada’s first direct flight to Abu Dhabi links oil capitals for trade growth.
In brief
Canada’s first direct flight to Abu Dhabi links oil capitals for trade growth. Canada and UAE signed a $70 billion trade deal after Prime Minister Mark Carney’s visit to Abu Dhabi, aiming to double bilateral trade to $7 billion annually. Originally reported by Financial Post.
New Calgary-Abu Dhabi Flight
Etihad Airways began four-day weekly flights between Calgary and Abu Dhabi, connecting Canada’s oil capital with the UAE’s oil hub for the first time.
Prime Minister Mark Carney’s Push
Prime Minister Mark Carney sought to diversify Canada’s trade away from the United States by strengthening ties with the UAE and other nations.
Trade Deal Signed
Canada and the UAE formalized a new trade deal during Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan’s visit to Ottawa on October 27, 2026.
UAE’s Investment Pledge
The UAE pledged $70 billion in investment to Canada following Prime Minister Mark Carney’s visit, aiming to double annual trade to $7 billion.
Alberta’s Trade Office
Alberta opened a trade office in Abu Dhabi last year to strengthen economic ties with the UAE.
UAE’s Economic Shift
The UAE left OPEC earlier this year to diversify its economy amid regional security challenges from the U.S.-Israeli war with Iran.
Investment Opportunities
Dubai’s DP World Ltd. is expanding a port in northern Canada, and the UAE’s state-owned oil company is exploring stakes in Alberta’s LNG Canada project.
The essence
Canada and UAE signed a $70 billion trade deal after Prime Minister Mark Carney’s visit to Abu Dhabi, aiming to double bilateral trade to $7 billion annually.
