In for the long haul
Bahrain is continuing its diversification process of the national economy in order to ensure future prosperity and strengthen its resistance to global changes.
Bahrain is investing heavily in infrastructure, as a means of providing economic stimulus in the short term and to lay foundations for economic growth in the future.
The 2010 state budget allocated the Ministry of Works with a record $570m for infrastructure development, with the ministry also being tasked with carrying out projects worth a further $343m on behalf of other state agencies. Of these funds, some $400m is being invested in road construction and maintenance, with additional funds spent on other transport and communications infrastructure.
This increased spending did not damage Bahrain's ratings by Capital Intelligence, which confirmed its "A" rating for long-term foreign- and local-currency sovereign debt as well as an "A1" short-term rating with a stable outlook.
Supported by higher iol prices and a recovery in external demand, the Kingdom's GDP should expand by around 4% both this year and the next.
"Bahrain's philosophy is we've always played the long game" said Sheikh Mohammed bin Essa Al Khalifa, chief executive of the Bahrain Economic Development Board, in an interview with business magazine Forbes in late June. "We are in it for the long run and have invested in the things that matter, a well-trained local workforce, investing in education, in training, in productivity enhancement. So we'd rather grow at 5% to 6% for 20 years than 10% or 15% for three or four."
(Source: Oxford Business Group)
New tariff-rate quotas
An agreement between the European Union and Egypt was made in 2008 to liberalize the trade of agricultural and sea products.
The agreement was about new tariff-rate quotas for agricultural products with egyptian origin. It also incorporates changes to the existent quotas for these products.
These changes constitute a further liberalization step and came into force since June 1.
Details about theses changes can be consulted HERE
To meet the country's energy needs and reduce the reliance on imported fuel, Jordan is loving forward with plans to develop a civil nuclear program.
For a country that has to import almost all of its energy needs, nuclear energy is a logical solution to Jordan's burgeoning electricity requirements.
With electricity consumption projected to almost double by 2020, the need to boost generation capacity is becoming acute. Amman is looking at importing liquefied natural gas from Qatar and ramping up imports of gas and oil from other regional sources, such as Egypt and Iraq. Jordan would also like to develop an independent energy option.
The push to develop a nuclear energy capability was given further impetus in 2007 when it was confirmed the country had substantial reserves of uranium – at least 65,000 tonnes, more than enough to fuel its own ambitions and allow for exports.
As a result, Amman has set out plans to have a fully operational nuclear power facility by 2020, with a generation capacity of 1000 MW, which would meet around 20% of the country's estimated electricity demand at that time. Looking forward, Jordan is considering deploying additional nuclear generation capacity to raise atomic energy's contribution to the mix to 30% by 2030.
To achieve these goals, Jordan has established an industry watchdog, the Jordan Nuclear Regulatory Commission, and the Jordan Atomic Energy Commission, tasked with the operational side. The government has also enacted legislation to govern the sector and set out safety and management guidelines, while working to build bridges with other countries that have a track record in the industry.
In mid-June, Jordan and Japan finalised a draft agreement that, when approved by the Japanese parliament later this year, paves the way for high-level cooperation aimed at facilitating Amman's nuclear programme.
The agreement sets out a number of areas where the two countries can work together, including the exploration and exploitation of Jordan's uranium resources; the design, construction and operation of reactors; safety and security; radioactive waste processing and disposal; radiation protection and environmental monitoring; and studies on and application of radioisotopes and radiation.
This cooperation extends as far as Japan possibly having a direct involvement in the construction of Jordan's first commercial reactor, with Mitsubishi Heavy Industries and its French partner Areva being shortlisted for the contract to design and build the proposed plant. Under the current schedule, Jordan could award the contract for the power station by the end of this year.
In May, Jordan struck a similar deal with South Korea, outlining steps to promote joint efforts in the fields of safety issues, regulatory measures and research. South Korea is already playing a role in Jordan's nuclear programme, one that could expand in coming years.
Initial work is set to begin on Jordan's first nuclear facility, an open-pool 5-MW research reactor, which has the potential to be upgraded to 10 MW. To be built at the Jordan University of Science and Technology near Irbid by a South Korean contractor, the plant will form the core of the nation's nuclear technology, serving as a stepping stone on Jordan's road to developing full nuclear energy capacity.
Not only will the reactor allow Jordan to train up its own nuclear specialists but, once operational in 2015, it will also produce radioisotopes for medical purposes in quantities sufficient not only to meet local needs but also those of medical facilities overseas.
In a recent interview with the Wall Street Journal, King Abdullah II said that the entire process will be one of complete transparency. "I believe nuclear energy in Jordan will be done in such a way where it is a public-private partnership, so everyone can see exactly what's going on," he said on June 12.
(Source: Oxford Business Group)
Kuwait occupies a strategic location at the head of the Gulf, in close proximity to the large and expanding markets of Saudi Arabia, Iraq and Iran. Over the years, the country has developed a strong reputation in the logistics sector, built on the performance of its leading companies in the sector.
The country wishes to become a leader in an increasingly competitive regional port landscape and is looking to expand its port capacities.
Besides the need to serve the domestic market, Kuwait is aware of its potential to serve as a gateway for its northern neighbour, Iraq. With major reconstruction efforts and projected double-digit economic growth on the back of its underexploited hydrocarbon reserves, Iraq stands to emerge as the region’s prominent logistics growth destination in coming years.
Kuwait is particularly well placed in that it already has extensive logistics experience serving the Iraqi market. This has mainly taken the form of defence contracts with US and coalition forces, which have used Kuwait as a base for military operations. Partly as a result of these contracts, and the consequent revenue and experience they have provided, Kuwait now possesses a handful of leading international logistics companies such as Agility (formerly known as PWC Logistics), KGL Holding and Mubarrad Transport. All three firms have undertaken expansion or acquisition deals and have won projects in major markets across the region.
The phased US military withdrawal from Iraq will result in increased logistics business in the short term, through the requirement to repatriate huge amounts of troops and equipment. Kuwait will need to compensate for the eventual loss of this cargo niche in the longer term by attracting and serving commercial cargo bound for Iraq. The prospects for this look promising, however, as political stability should result in an increase in imports, particularly of materials needed to rebuild the economy, service domestic industry and meet consumer demand.
In this respect, all eyes are on plans to build a new seaport on Kuwait’s largest island, Boubyan, which is located in the country’s north-east near the Iraqi border. The project has faced multiple delays, with initial proposals dating back to 2004.
There has recently been positive news that the project may now move forward. In early July a $1.2bn deal to build the first phase of a container port on Boubyan (with a 42-month target date) was signed between the Ministry of Public Works (MoPW) and a consortium involving Kuwait’s Kharafi Group and South Korea’s Hyundai Engineering and Construction.
According to Marzouk Nasser Al Kharafi, the group vice-president for the Kharafi Group, “The timing is right and all circumstances point toward a pressing need for projects to go ahead. The government has surplus funds and there is a surplus of local and foreign contractors hungry for work.”
In addition to a planned 60 berths and capacity to handle 2.5m TEUs, according to the MoPW, the overall development will also involve the establishment of free trade zones and light industrial areas. The project calls for the construction of a rail link which, as part of a wider GCC rail network, will connect directly to Iraq’s only deep-water port of Umm al Qasr, the eventual destination, it is hoped, for much of Boubyan’s arriving cargo.
Mohammad Al Muali, the vice-chairman and CEO of Kuwait’s Mubarrad Transport, told OBG, “Boubyan Port will undoubtedly provide a boost to the country’s logistics sector. We have a strategic location and a business understanding of Iraq that simply cannot be replicated by any of our neighbours.”
(Source: Oxford Business Group)
Real estate moving along
Lebanon's real estate sector, like the economy in general, is enjoying a surge, with record levels of sales and high returns for investors.
According to figures released by the state's Directorate of Real Estate in mid-June, there was a 41% increase in property sales in the first quarter of the year compared to the opening three months of 2009. In total, the 22,000 property transactions conducted throughout the quarter had a value of $2.1bn, a new record. Combined with lower interest rates and an easing of loan restrictions by local lenders and state housing assistance schemes, this record may not stand for long, with some analysts predicting an even stronger performance in the market for the rest of the year.
In its latest report on the state of the Lebanese economy, issued in early June, the IMF said the country was reaping the benefits of improved stability, with the economy performing strongly despite the general downward trend in the region. Though predicting that GDP could grow by more than 8% this year.
Lebanese officials have been quick to reject any comments suggesting that the property market is going bubble shaped, with central bank deputy governor Saad Andary saying that only a fraction of the money being poured into the sector is being floated from bank loans.
"Out of each $100 spent on property acquisition, not more than $16 to $18 are financed by banks," Andary told the Bloomberg news agency on June 18. "The rest is hard cash, mainly from Lebanese from abroad. We have no fear from a housing bubble."
Central bank governor Riad Salameh agrees, saying that there is no bubble in the market. "The growth of Lebanon's real estate is natural and normal and will not collapse," Salameh told a conference in June.
The rise in Lebanon's real estate prices is not so much as the result of a shortage of residential property stock, at least in the upper end of the market; rather the climbing costs are being driven by demand.
A study by Beirut-based real estate advisors RAMCO estimates that there are some 2m sq metres worth of residential property currently under construction in the greater Beirut area. Much of this construction work is priced at $3,500 per square metre or more, out of the range of many locals. Indeed, the RAMCO report, issued in mid-June, said that up to 45% of all buyers were Lebanese expatriates, with resident nationals buying into the lower- to middle-end properties, priced at around $250,000 per unit.
A majority of the 350 separate buildings comprising the 2m sq metres of floor space will be completed by the end of this year, the RAMCO study said, with most of the stock expected to be snapped up.
As long as Lebanon is able to maintain its recent run of political stability and the good economic performance it has been staging over the past two years - having shown itself to be resilient to a number of negative local and global factors - there is little reason that the country's real estate sector should not continue its surge in growth.
(Source: Oxford Business Group)
Oman's growing industrial sector is set to benefit from a number of infrastructure projects designed to enhance capacity in the Sultanate. Significant projects are under way to improve logistics, power and water capacity, particularly in the industrial zone of Sohar, which has been targeted for growth by the government. Moreover, Oman is pioneering new technology to improve the utilisation and conservation of existing resources.
Recent months have seen the government invite tenders for pre-qualification for the proposed Oman National Railway, a multibillion-dollar project designed to create a freight and passenger railway linking the Sultanate's main urban and industrial centres. Phase one of the project will see the construction of a 280-km line that will link the industrial zone of Sohar with the capital Muscat. According to the Oman Observer, a total of 31 firms submitted pre-qualification bids to become project manager of the National Railway by the June 14 deadline, including Mott MacDonald, Arup Gulf and Bechtel. The contract is expected to be awarded in the first quarter of 2011.
The strong international interest generated by the National Railway project demonstrates the confident nature in which the Omani government has proceeded with its infrastructure development plans thus far. Mid-June, for example, also witnessed the opening of the region's first inland clearance depot (ICD) at Muscat Container Depot. The ICD will enable the handling of containers destined for the Oman International Container Terminal at a point closer to Muscat, effectively creating an extended gateway for the Port of Sohar, including Customs clearance. The ICD will improve logistical links between Muscat and the industrial zone at Sohar.
Further improvements to the logistical infrastructure around Sohar are also in the offing, with the announcement in the last week of June that Strabag Oman had won the contract to construct the airfield for Sohar Airport, at a cost of OR27.6m ($71.39m). Strabag beat another strong international showing of eight bidders to win the contract, which will add to its successful bid for the OR37.5m ($97m) first phase of the airport, won last year. When it becomes operational in 2013 as a domestic airport, Sohar Airport is expected to support the growth of cargo, courier and passenger traffic to the country's northern region.
Beyond transport and logistics, industry in Oman is set to benefit from additional power and water desalination capacity thanks to a new independent power producer contract awarded at the end of May to a consortium led by GDF Suez. The $1.7bn contract will involve the construction of two greenfield gas-fired plants – Barka 3 and Sohar 2 – with a combined capacity of 1500 MW. According to media reports, the plants will also feature a combined water desalination capacity of 268,000 cu metres per day. With the Oman Power and Water Procurement Company predicting rising demand for desalinated water of 13% a year to 320.6m cu metres a year by 2016 and power demand also growing at the robust rate of 11% a year, the new plants will be vital to maintaining stable economic expansion in the Sultanate.
Finally, the Sultanate has been leading the way again recently in the use of experimental technology to improve the utilisation of existing water resources. Oman's southern region of Dhofar experiences a damp season with dense fog caused by the Indian Ocean monsoon, known as the "Khareef". This unique phenomenon is a major tourist attraction for the second-largest city, Salalah, but recently officials in the Environment and Climate Affairs Ministry have formed a joint project with Mitsubishi Corporation to become the first in the region to use fog-harvesting technology to capture water and create an artificial pond.
The experimental project eventually hopes to capture 300 cu metres of water during the Khareef season, which runs from late June until September, which can be stored and used later. Whilst a modest contribution, fog-harvesting technology may one day be a low-energy method of supplementing Oman's agricultural water resources, thus preserving supplies of potable water..
(Source: Oxford Business Group)
Transport keeps on moving
Qatar is well placed to achieve its goal of becoming a logistics centre for the Gulf, with a recent report noting buoyant confidence in the country’s planned expansion of its transport sector.
Rising optimism in Qatar’s economic outlook for the third quarter of 2010 was particularly strong for transport and communications, according to a survey conducted by Dun & Bradstreet South Asia Middle East (D&B) in June.
The transport sector’s index scores for sales, orders and profitability outlook jumped from 17 in the second quarter to 46 for the third in D&B’s Business Optimism Index for Qatar, which was released on July 12.
The survey, conducted in association with the Qatar Financial Centre (QFC) Authority, found that overall confidence score for non-hydrocarbons sectors of the economy also climbed, with a rise of 12 points to 39.
These rising expectations for non-hydrocarbons sectors are a testimony to the resilience of Qatar’s business environment and its robust economic fundamentals, said Shashank Srivastava, the acting chief executive officer of the QFC.
“Given that this survey was conducted as the leading economic indicators globally are showing signs of strain amidst increasing fears of a ‘double-dip’ [recession], it is particularly encouraging that our latest index concludes that optimism levels increased within the last quarter,” he said.
With the rapid expansion rate of Qatar’s economy – the IMF predicts a real GDP growth rate of 18.5% in the current year – the increasing demand for goods and services and a series of new logistics projects in the pipeline, there seems good reason to be confident in the future of its transport sector.
The government has been steadily investing its earnings from the hydrocarbons industry into building new infrastructure projects for transport, as well as other sectors that were identified as having the potential to broaden the base of the economy.
The investments are starting to pay off, though many big-ticket items such as the New Doha International Airport, highway upgrades and a major new deep-water port are at varying stages of development.
While it was the hydrocarbons sector that led the way as Qatar posted a 22.71% year-on-year increase in GDP for the first quarter, the transport and communications sector expanded by 14.7%, according to data issued on July 1 by the Qatar Statistics Authority.
Perhaps even more significant was the 7.89% growth recorded by transport over the last quarter of 2009, which was well in excess of the economy’s mainstays of energy and manufacturing.
A study by the Saudi American Bank Group (Samba) said that increased revenues from gas exports will provide the government with an opportunity to focus on its diversification strategy, and it highlighted Qatar’s focus on the expansion of transport and services.
“Over the next three to five years, the pursuit of this diversification agenda will generate strong growth momentum as large-scale infrastructure projects are implemented – such as the Doha airport and port, Qatar-Bahrain Causeway and integrated rail networks,” the report said.
Seeking to cash in on momentum in the transport sector, the publicly listed shipping and transport management firm Qatar Navigation is planning to call tenders for a $250m logistics centre in August. To be located at Al Thumama near Doha’s industrial area, close to the new airport and deep-water port, the centre will cover an area of some 500,000 square metres when completed within the next two years.
With solid economic fundamentals, double-digit growth rates and a raft of major projects under way, the outlook for the sector looks strong. While competition is undoubtedly heating up across the region, Qatar seemingly has the capital and determination it will need to ensure its place as a centre for transport and logistics in the Gulf.
(Source: Oxford Business Group)
Dubai: IT at the source
Dubai is looking to combine its highly developed IT infrastructure and its open business environment into a new growth sector, as it seeks to become a leading services outsourcing centre. A recent report issued by the International Data Corporation (IDC) stated that the IT spend in the UAE would be at least $1.8bn by 2013, a compound growth rate of 12.4% a year from the present level. With the IDC estimating that outsourcing in the Middle East will reach 23% of company IT spending by the end of 2010, it is clear there is potential for expansion in the sector, one that Dubai intends to tap into.
Outsourcing has gone far beyond the simple answering of phones and providing helpdesk support for companies, now encompassing IT operations and infrastructure management, server consolidation, internet services, data storage, retrieval and delivery, applications control and much more.
Among the leading sectors to have their IT services managed are the banking, financial services, government, retail, airline and health care industries, says Tandon.
One of the cornerstones of Dubai's drive to capture a large segment of the outsourcing market is the Dubai Outsource Zone (DOZ), part of Tecom Investments, a subsidiary of Dubai Holdings. Initially launched in 2004 and having begun operations in late 2006, the DOZ now hosts more than 100 firms that between them employ some 7000 staff. As one of the emirate's free trade zones, the DOZ offers tenants tax-exempt status, allows for full ownership of their business, 100% repatriation of capital and no currency restrictions. Deep into the last quarter of 2009, the DOZ posted a 23% increase in the number of clients, a flood-tide officials expect to continue through 2010 as the advantages of outsourcing become more apparent to newly cost-conscious companies, with up to 150 firms expected to be operating out of the zone by the end of the year.
(Source: Oxford Business Group)
The AACC is honored to welcome its new members from MAY to JULY 2010:
a-consult views itself as a know-how hub for its customers’ benefit. Long years of experience on national and international level, acquired in the business units “Business Development”, “Lobbying & Networking” and “Project Development”, are the basis for the development of innovative projects and successful economic relations. We put our emphasis mainly on the areas of eGovernment, eHealth, information and communication technology. Target markets include Austria, Central and Eastern Europe, Near East, Africa and Arabic countries.
A: Hetzgasse 20, 1030 Vienna - Austria; T: +43 (1) 890 3800 0; F: +43 (1) 890 3800 900
; W: www.a-consult.at
Accès Alpintechnik Salzburg
Accès Alpintechnik Salzburg is an internationally certified company specialized in "Engineering for Fall Protection". The company works with highly qualified instructors, industry climbers, technicians, structural engineers and riggers. "Accès Alpinetechnology Salzburg" offers comprehensive and professional services from consulting, conception to execution for industry, contracting bussines, architects, companies, broadcasters and agencies.
Accès Alpintechnik Salzburg
A: Halleiner Landes Strasse 56/5, 5411 Oberalm - Austria; T: +43 (0)6245 / 20520; F: +43 (0)6245 / 20520
; W: www.riggingservice.com
Emirates Airline offers daily flights from Vienna to its worldwide network. More than 100 destinations all over the world are within reach via the hub in Dubai. The route Vienna-Dubai is served by a Boeing 777-300ER, which has the highest standard in its class. Emirates’ 149 all wide-bodied fleet includes 7 freighters and is among the youngest in the skies, with an average age of 69 months. The airline plans to more than double its size by 2012.
A: Mahlerstrasse 12 / Stg 6, 1010 Vienna - Austria; T: +43 (0) 1 532 60 28; F: +43 (0) 1 533 68 87
EOOS is a first class insulation company which provides an entire range of services in the fields of heat, cold, noise and fire protection. With the newest technologies and with high knowledge we can easily provide you any type of insulation fastly and in a very good quality. One of our aims is not only to make a fast insulation job but also in a correct manner and for the sake of our environment.
Expat Consulting is a Real Estate & Relocation Agency specializing in the sale and rental of high quality properties in both the national and international market. Their clients are mostly expats, diplomats, CEO`s, investors, celebrities and high end clients. Beyond that, Expat Consulting offers relocation services to people moving to Vienna and personnel who are working for the UN, International Organisations, Embassies and International Companies.
Expat Consulting - Real Estate & Relocation Services GmbH
A: Graben 7/8, 1010 Vienna - Austria; T: +43 1 328 8818; F: +43 1 328 8818 - 60
; W: www.expat-consulting.com
Gentics is the leading Austrian software producer of standard software solutions for Enterprise Web Content Management and Enterprise portal solutions. Gentics products are characterized by simple usability, high cost-effectiveness and excellent integration capabilities. Gentics offers standard software solutions for "Enterprise Content Management" and "Enterprise Portal", analysis and implementation support for customers and partners.
Gentics Software GmbH
A: Gonzagagasse 11/25, 1010 Vienna - Austria; T: +43 1 71 09 904-0; F: +43 1 71 09 904-4
; W: www.gentics.com
IPSA - International Protect & Security Agency
IPSA - International Protect & Security Agency is a state licensed, registered Company, specializing in close protection, security management and security training. Unlike other security companies, IPSA concentrates on special security solutions for clients in political, diplomatic and economic spheres worldwide. It is this specialisation which makes us a quality, professional partner on the international security market.
IPSA - International Protect & Security Agency e.U.
A: Josef Hesoun Str. 9/3/M20, A-2345 Brunn am Gebirge - Austria; T: +43 676 595 87 61; F: +43 2236 864 225
; W: www.ipsagency.org , www.ipsagency.at
PLAN.NET Middle East
PLAN.NET is a full service agency for all aspects of online and offline communication. We are engaged to get the best out of the marketing and communication spending of our clients in the entire Middle Eastern region. We convince international and local clients – i.e. BMW, Mini, Rolls Royce, Lufthansa, Continental, RAK freezone, Atlantis, etc. with unusual ideas and clever concepts of communication across all channels on one hand, and through innovative media strategies, forward planning and profitable purchase on the other hand. PLAN.NET has branches in Germany, France, Switzerland, Austria and the United Arab Emirates.
PLAN.NET Middle East (Mr. Oliver Zügel, Managing Partner)
A: Al Sufouh Complex 806 & 807, Dubai Media City, Dubai - United Arab Emirates;
T: +971 (4) 4393404 -101; F: +49 89 2050 3611
; W: www.plan-net.de
<< PAST EVENTS >>
31 May 2010:
AACC Fireside Chat with Dr. Wolfgang PENZIAS, Trade Commissioner in Abu Dhabi
On Monday, 31 May 2010, the AACC took pleasure to provide its members again with the unique opportunity to meet with Austrian Trade Commissioners and Experts from our Austrian Trade Commissions in Arab countries for direct information exchange, question-and-answer and expert discussions at the well-established "AACC Fireside Chat". However, the nice weather and mild temperatures allowed this meeting to be centred around a beautiful spring flower bouquet at the premises of the AACC.
The focus of this time’s “Fireside Chat” was on the Arab Gulf region: Dr. Wolfgang Penzias, Trade Commissioner in Abu Dhabi at the Representation of the Austrian Economy in Bahrain, Katar, Kuwait, Oman, Pakistan and the United Arab Emirates presented a highly interesting insight on present and future developments, projects, cooperations and investments in this special region. The following input and discussion with the participant members and representatives was held at very high and professional level and proved once more the benefit of such quality interaction events.
A nice fingerfood buffet with Arabic specialities completed the event and made it an enjoyable opportunity for networking and discussion in a relaxed and friendly atmosphere.
Link to video NOW accessible HERE !
(Source: MonitorTV - der IT & Business-TV-Channel)
10 June 2010:
Launch of our new magazine "Sharaka"!
We're delighted to inform you that the first edition of our new magazine Sharaka has been launched in June!
Sharaka is Arabic for "Partnership" and was chosen as a title to underline the main goal of the Austro-Arab Chamber of Commerce: to build and enhance partnerships between Austria and the Arab World.
Published in English/Arabic on a bilingual structure, Sharaka appeals both with a modern and attractive layout and a broad diversity of topics:
Detaillied country features with special focus on one Arab country;
Exclusive interviews with high profile figures such as Presidents, Secretaries General, Ambassadors, Trade Commissioners, Tourism Managers, CEO's etc.
Economic analyses and reports from the Arab countries and Austria;
Specials on various sectors/industries;
Export success stories
and many more...
Sharaka presents top personalities from the Austro-Arab business landscape, offers detailled country features and treats econmic topics from various perspectives. Every edition has a special focus on one specific Arab country, compiling and presenting various economic information, latest insights on business developments and trends as well as introducing famous business personalities from that country.
Sharaka is published quarterly and is distributed with 3.000 copies, plus an additional 47.000 copies as a supplement embedded in "Unternehmer", the Austrian Service Magazine of UIK for Small and Medium-sized Enterprises. Our readers and target groups are
Members of the AACC;
Official and semi-official institutions such as the Arab Embassies in Austria and Austrian Embassies in Arab Countries, the General Union of Arab Chambers of Commerce and Related Joint Chambers;
Local and international partner institutions and cooperators such as WKO, AWO, OPEC, OFID, ICC, OEGV, etc.;
Export-oriented enterprises with special focus on Austria and the Arab countries.
If you are interested to publish an advertisement in Sharaka, find all information on Mediadata and contact partners HERE.
Look forward to the next edition of Sharaka in September, with its special focus on Syria!
Link: Sharaka embedded in the magazine Unternehmer (PDF page 15 onwards)
10 June 2010:
AACC at WKO Exporttag 2010!
June 10, 2010 was the date of this annual rendez-vous at headquarters of the Austrian Economic Chamber (WKO), the Export Tag. The Export Tag 2010 was the best ever with a record number of visitors and showed that Austria's export is guarantor of success headlines even in turbulent times! This export show attracted more than 2.600 visitors and made 3.500 consultations with the international commercial delegates of the WKO possible, on a single day!
One of the highlights of the event was a presentation about the "Growth Emperors 2009", the nations that sailed through the world economic crisis, with representatives from Libya and the UAE notably.
The Austro-Arab Chamber of Commerce couldn't of course miss such an opportunity and participated as an exhibitor.
During the exhibition, we presented our new magazine "Sharaka", an economic magazine concentrating on the Austro-Arab business landscape, conducted conversations with interested visitors and advised a lot of businessmen involved in the Arab region.
It was a great success for us and for the Austro-Arab commercial relations, crowned by the winning of new members to our chamber.
To a successful new year of business and prosperity!
Link: Austria Exporttag 2010, WKO Außenwirtschaft Österreich
5-9 July 2010:
Training Seminar for Arab Secretaries General in Austria
This year, the AACC was happy to organise once again its already well-established Training Seminar for the Secretaries General and Directors of the Arab Chambers of Commerce from 5th to 9th July 2010 in Austria. The Training Seminar is an already well-known and 'institutionalised' activity of the AACC which takes place every two years.
This year's Seminar was again a highlight of AACC activities: with no less than ten representatives from Lebanon, Syria, Kuwait, Saudi-Arabia, Emirates, Oman and Libya, the number of participants was even higher than expected!
The intensive program included this time
The lectures at the different Chambers were an opportunity for the participants to get an idea about the activities of the Economic Chambers in Austria, their organization and their services, as well as their interaction with European and International Chambers. The following discussions, questions and interactions by the participants prooved the sincere interest for specified information exchange at high professional levels.
- Lectures and presentations by representatives and referents from the WKO (the Austrian Economic Chamber), the WKW (the Viennese Economic Chamber) and the WKOÖ (The Upper-Austrian Economic Chamber);
- a professional Media Training held at the ORF (Austrian Broadcast);
- visits to the Modul University Vienna, Plasser & Theurer in Linz and the Austrian State Printing House (OeSD)
- an Exclusive Dinner at the Hotel Imperial in the presence of high officials and representatives.
The Media Training was focussed on the way how to behave in front of a TV-camera, notably tips to physical appearance, voice tone and body language. Focus was also put on the way to conduct an interview and how to deal with persistent journalists.
During the visit of the MODUL University Vienna, a leading private university in the tourism domain sponsored by the WKW, an overview of the programs was presented, such as MBA programs in Public Governance or in New Media, as well as the possibilities offered for individual courses.
The overnight trip to Upper Austria combined both work and pleasure at the same time: after the visit to the local Chamber of Commerce and a visitor's tour at the factory of Plasser & Theurer, Austria's leading producer of railway track machines, the participants were given the chance to enjoy the beautiful and relaxing atmosphere at lake Attersee. On the way back to Vienna, the program allowed for a short break at the charming city of Gmunden at lake Traunsee, where the participants were excited about be the touristic opportunities and beauty of the region; some of them are already planning to return there for a holiday visit with their families.
The visit to the Austrian State Printing House (OeSD) was an opportunity to discover the inner workings of this printing house, strong of more than 200 years of experience, and to observe the high level of security and technical know-how that makes it one of the Top 5 producers in the world for high security travel and identity documents.
An Exclusive Dinner in the Marmorsaal of the 5-Star Hotel Imperial in the presence of ambassadors and diplomats from the Arab countries, high-level representatives and our cooperation partners marked one of the highlights of this Seminar. During this unforgettable evening, the participants were given the opportunity for direct contact and networking in a truly imperial atmosphere!
The overwhelmingly positive feedback of both our participants and cooperators confirms us that this year's Training Seminar was a true success and an unforgettable experience that is to be followed up again in two year's time, inshallah!
I) AACC Events & Announcements
II) Public Events, Holidays & National Days in Arab Countries (August/September 2010)
- (Expectedly) 11 August - 9 September 2010: Ramadan, Islamic Month of Fasting (limited working hours in Arab countries)
- 6 August 2010: Accession of H.H. Sheikh Zayed, United Arab Emirates
- 14 August 2010: Oued Ed-Dahab Day, Morocco
- 15 August 2010: Assumption Day, Lebanon
- 20 August 2010: The King & People's Revolution, Morocco
- 21 August 2010: Mohammed VI's Birthday, Morocco
- 1 September 2010: Evacuation Day, Libya
- 3 September 2010: Independence Day, Qatar
- (Expectedly) 10 September 2010: Eid al-Fitr (public holidays for Arab countries from expect. 9 - 11 September in Arab countries)
- 23 September 2010: National Day, Saudi Arabia
- 26 September 2010: September Revolution, Yemen