09:15:45 EDT Mon 27 Jul 2026
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Cenovus Energy Inc
Symbol CVE
Shares Issued 1,860,605,424
Close 2026-07-24 C$ 41.30
Market Cap C$ 76,843,004,011
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Globe says CNRL, others told UAE keen for Canada

2026-07-27 06:37 ET - In the News

See In the News (C-CNQ) Canadian Natural Resources Ltd

The Globe and Mail reports in its Saturday edition that the United Arab Emirates expects to announce investments in Canada's energy sector "very soon," its Foreign Trade Minister said Friday at a signing ceremony marking the conclusion of negotiations on a free-trade deal between the two countries. The Globe's James Bradshaw writes that Canada's Minister of International Trade, Maninder Sidhu, and UAE's Minister of Foreign Trade, Thani bin Ahmed Al Zeyoudi, met in Toronto on Friday to announce a comprehensive economic partnership agreement. The CEPA aims to reduce tariffs, eliminate trade barriers and enhance market access for Canadian exporters to the UAE. It still awaits legal review, final signing and ratification before taking effect. Canada's expanding relationship with the UAE is an early litmus test for Prime Minister Mark Carney's attempts to attract more foreign investments. In November, Mr. Carney secured a $70-billion investment pledge from the UAE for Canada. However, this has not yet materialized as Gulf officials seek hard-to-find shovel-ready projects. Ottawa is working to expedite the approval of infrastructure and energy projects. National Bank of Canada opened an office in Dubai earlier this year.

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