Because of their province’s substantial oil wealth, Albertans have been called Canada’s blue-eyed Arabs. Now some dark-eyed Arabs are moving in. Abu Dhabi National Energy Co. (TAQA), majority-owned by the government of Abu Dhabi, has put down $5 billion to purchase Prime West Energy Trust, through its Canadian subsidiary TAQA North. That brings its current Canadian purchases to $7.5 billion, after acquisitions earlier this year of Northrock Resources Ltd. and Pioneer Natural Resources Canada Inc. These purchases put TAQA North on the road to being a substantial player in Canadian oil and natural gas. It appears that the company may be paying premium prices for its acquisitions. While speculation is rife that TAQA North will soon move to take a position in Alberta oil sands, CEO Peter Barker-Homek denies such rumors. He does say, however, that he plans to expand from the current $7.5 billion to a $20 billion footprint by 2112, through increased production and further purchases. Elsewhere in the UAE, Dubai, which has very little oil wealth but which is working to be a corporate powerhouse and play ground, is to start three-times-a-week flights between Dubai and Toronto.