
Abdullah bin Zayed meets Canadian Minister of Industry in Ottawa
During the meeting, His Highness Sheikh Abdullah discussed the close friendship between the UAE and Canada, explored frameworks for cooperation, and ways to enhance it in a manner that serves mutual interests and contributes to the prosperity and well-being of both nations.
The two sides reviewed prospects for cooperation across various sectors, particularly in industry, trade, investment, technology, and renewable energy.
During the meeting, His Highness highlighted the importance of joint efforts between the two friendly nations to strengthen cooperation in the industrial sector, building on the strong UAE–Canada ties and the sector's diverse and attractive opportunities that align with both countries' ambitions for sustainable economic development.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Zawya
13 minutes ago
- Zawya
Bank of China (Hong Kong) x Television Broadcasts Limited ("TVB") "Wealth Management Expo 2025" was successfully held
Driving Economic Momentum, Leading Trends with Mega Events HONG KONG SAR - Media OutReach Newswire - 21 June 2025 - The "Wealth Management Expo 2025", powered by Bank of China (Hong Kong) ("BOCHK") and organised by TVB under the theme of "Driving Economic Momentum, Leading Trends with Mega Events" has been successfully held today. The Expo has brought together leading figures from the government, business and financial sectors to provide in-depth analysis and share valuable insights into market trends through examining the international landscape, RMB internationalisation, the mega-event economy, as well as personal and business financial management. The Expo was officiated by Mr. Paul Chan, GBM, GBS, MH, JP, the Financial Secretary of the HKSAR Government; Miss Rosanna Law, JP, Secretary for Culture, Sports and Tourism; and Mr. Stephen Chan, Deputy Chief Executive of BOCHK. Miss Rosanna Law also shared at the summit forum on how mega events catalyse Hong Kong's economy. Other attending guests included Mr. Thomas Hui, JP, Executive Chairman of TVB and representatives from BOCHK. Mr. Stephen Chan, Deputy Chief Executive of BOCHK, said in his opening speech, "As a leading commercial bank rooted in Hong Kong for over a century, BOCHK fully leverages its regional advantages and integrated offerings to continuously enhance operational capabilities while delivering high-quality services. Apart from actively promoting green finance and inclusive financial development, BOCHK drives continuous innovation in fintech, accelerating its digital transformation. The Bank is committed to supporting Hong Kong in reinforcing its position as a global offshore RMB business hub, while deepening cross-boundary financial business within the Guangdong-Hong Kong-Macao Greater Bay Area." Opening Forum: Experts Shared Insights on Outlook for RMB Internationalisation The opening forum of the Expo, "Dissecting Economic Pulse and Exploring Opportunities in RMB Internationalisation," featured Dr. Jianguang Shen, Vice President of Dr. Rocky Tung, Director and Head of Policy Research for the Financial Services Development Council; Mr. Dong Tao, President of Spring Capital (Hong Kong) Limited and a renowned economist; and Mr. Jack Yang, RMB Business Executive Director of BOCHK, who engaged in an in-depth discussion on the various opportunities in the internationalisation of the RMB, including how enterprises can leverage the advantages of RMB settlement to reduce cross-border transaction costs, as well as the attractiveness of RMB-denominated assets and emerging investment opportunities in the international capital markets. Summit Forum: Unleashed the Powerful Driving Force of the Mega - Event Economy The Hong Kong SAR Government has been actively promoting the "Mega-event economy" in recent years, aiming to generate more business opportunities and attract more tourists through sports competitions, art exhibitions, large-scale international events and conferences. The speakers of the summit forum themed "Mega Events as Economic Catalysts: Synergy of Sports, Arts, Culture and Tourism" are Miss Rosanna Law, JP, Secretary for Culture, Sports and Tourism; Mr. Wilfred Ng, GBS, MH, JP, Chairman of the Major Sports Events Committee; and Prof. Douglas So, BBS, JP, Chairman of the Board of M Plus Collections Limited, Chairman of the Advisory Committee on Built Heritage Conservation. They conducted an in-depth analysis of the diverse opportunities created by mega events. The three speakers explored how mega events drive economic growth from multiple perspectives, and shared insights on recent preparations for organising sports mega events and their economic contributions, while emphasising the importance of participation and support from all sectors. Five Thematic Workshops and Immersive Digital Experience Zone: Enriching Information and Experience The Expo also held five thematic workshops, where several experts dissected the latest trends in the global economy and markets. Regarding global economic development, two fund workshops "Global Outlook of Asset Appreciation Potential in International Markets" and "From Asia to the World: Multi-Asset Allocation Strategies for Enhanced Returns" along with the cross-border workshop "Strategic Overview on Equity Markets and Economic Insights" emphasised the importance of focusing on Asia and global markets, empowering investors to grasp opportunities across different regions and industries to formulate prudent wealth growth strategies. The legacy planning workshop "Securing Wealth Legacy, Prosperity Across Three Generations" concentrated on planning wealth for the next generation, grounded in love and sheltered by insurance. In addition, the stock market workshop "Decoding the Stock Market: Sector Analysis and Trading Tactics" explored market trends, the AI boom and analysed the prospects of technology stocks. To enrich participants' experience, the venue also featured an immersive digital experience zone. Utilising an LED spherical display and a surrounded screen, the zone showcased three main themes in a one-stop format: anti-fraud, AI data applications and ESG. Participants can learn about BOCHK's digital empowerment. The "Wealth Management Expo 2025" concluded successfully with fruitful outcomes. Through a full day of engaging forums, workshops, digital experience zone and sponsored booths, BOCHK hopes that industry professionals, investors and the public gained insights into changes in the international environment and market opportunities, with a focus on the RMB internationalisation and the diverse opportunities brought by the Mega-event economy, while mastering the path to wealth growth and legacy. Moses Chan Attended the Brand Launch Event and Shared Business Insights with Natalie Tong BOCHK announced the extended collaboration with Private Wealth brand ambassador Moses Chan, appointing him as the premium family wealth management brand FamilyMAX & BOCHK Cross-Border GO star brand ambassador and BOC Life's Star Product & Services Ambassador. Having founded a coffee brand years ago, Moses Chan's "entrepreneur" identity has become as well-known as his acting career. Today, Moses Chan and Natalie Tong, popular Japanese bakery brand co-founder, Best Actress and Business Banking brand ambassador, appeared at the "Dialogue with the Best Actor and Actress" to share how to balance multiple roles as actors and owners of catering business. They also discussed how to utilise financial knowledge and leverage professional teams and fintech services to enhance personal and business wealth management efficiency. Hashtag: #WealthManagementExpo2025 The issuer is solely responsible for the content of this announcement. Bank of China (Hong Kong) x Television Broadcasts Limited ('TVB')


Broadcast Pro
42 minutes ago
- Broadcast Pro
Eutelsat announces $1.56bn capital increase
Eutelsat to execute $1.56bn capital increase by year-end to advance its strategic vision and long-term goals. Eutelsat has announced a Contemplated capital increase of $1.56 bn, anchored by key reference shareholders, to secure the execution of long-term strategic vision. Eutelsat is one of only two global operators with active commercial LEO (Low Earth Orbit) fleets and with a clear differentiation, being the only one exclusively focused on the B2B and B2G markets. While the global satellite connectivity market is expected to increase by 12% per annum between 2025 and 2029, the global LEO B2B connectivity market, valued at over $2.1bn in 2025, is expected to grow at a 28% CAGR through 2029 and multiply its current size fivefold over the next eight years, offering significant short to long-term growth potential. Eutelsat, the only GEO-LEO operator, and the only European operator with a fully operational LEO network, uniquely positioned to capture the momentum in the connectivity market. Eutelsat is contemplating raising $1.56bn of capital by way of (i) a reserved capital increase of 716m at a price per share of 4 corresponding to a +32% premium to the 30-day-VWAP of the shares as computed on Euronext Paris (the Reserved Capital Increase), which would be subscribed by the French State via the Agence des Participations de lEtat (APE), Bharti Space Limited, CMA CGM, and Le Fonds Stratégique de Participations (FSP), and (ii) a rights issue of 634m (the Rights Issue), which would be subscribed for their rights by the above investors. Prior to the approval of the Reserved Capital Increase by Eutelsats shareholders, the APE will acquire the shares of the Company currently held by Bpifrance Participations, at a price per share equal to the subscription price of the Reserved Capital Increase. Consequently, the Board member representing Bpifrance Participations would be replaced by a representative of the French State. This capital increase would represent a pivotal step in Eutelsats strategic and financing roadmap, enabling the execution of its strategic vision. Coupled with a dedicated debt refinancing plan, this capital increase will reinforce the Companys financial flexibility by accelerating its deleveraging and support investment in its existing Low Earth Orbit (LEO) capabilities and the future IRIS² constellation. On the back of the forthcoming capital increase, Eutelsat would reduce its leverage to c. 2.5x4 by year-end FY2025-26, and would be well placed to tap debt capital markets, raise export credit financing and extend its bank debt maturities in order to fully cover the financing needs of its medium-term plan. Jean-François Fallacher, CEO of Eutelsat Group, said: Eutelsat enters a new chapter, centered on the deployment of LEO, a major innovative and technological revolution for the Satellite industry. Thanks to its differentiated GEO-LEO positioning and global coverage, Eutelsat is ready to become a central player in the development of the European sovereign space of tomorrow. I welcome the contemplated capital increase which will give Eutelsat the requisite financing to implement its strategic roadmap. I am grateful for the support of the French State and the ongoing commitment of our other anchor shareholders Bharti, CMA CGM and FSP and thank them for their confidence. Eric Lombard, Minister for the Economy, Finance and Industrial and Digital Sovereignty, stated: 'The French State is proud to contribute to strengthening Eutelsats capital structure and support the company at pivotal stage of its development. This transaction reflects our strong commitment towards a major player in satellite connectivity a strategic sector at the heart of Europes digital sovereignty while fostering remarkable potential for technological innovation and sustainable economic growth. Through this transaction, France reaffirms its determination to build, together with the company and its European partners, a competitive, resilient, and sovereign space industry, particularly around the IRIS² programme, which is a key pillar of our strategic autonomy. 'We are convinced that the companys solid fundamentals its recognised expertise in geostationary orbit, its innovative solutions in low Earth orbit, its committed team, and its ambitious vision are the foundations for lasting success. Eutelsat is opening a new chapter in its history, and the State will be fully present to help write it alongside the company.'


Gulf Today
an hour ago
- Gulf Today
GCC visitors spending in 2034 expected to reach $223.7 billion: GCC-Stat
The latest data released by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) revealed that the expected spending by visitors to GCC countries is projected to reach US$223.7 billion in 2034, while the expected contribution of incoming visitor spending to total exports will reach 13.4 per cent. The Centre also indicated that GCC countries are achieving steady progress in many tourism-related indicators. The data demonstrate that total international visitor spending in GCC countries amounted to US$135.5 billion in 2023, with a 28.9 percent increase compared to the figures recorded in 2019. The GCC countries ranked first in the Middle East and North Africa region's 2024 Safety and Security Index. All GCC countries scored above the regional average of 5.86 points, taking into consideration that the index ranges from 1 to 7 points. They also ranked among the top 6 countries in terms of passport power in the Arab region. WAM