Monthly Newsletter 2011
Table of Contents

CEO Series: GCC Railway Delegation Roundtable
June 9, 2011 | 4 pm - 6 pm
Chicago, IL

A Gulf Cooperation Council (GCC) delegation will embark on a multi-continent tour covering Asia, Europe and North America to examine successful multi-modal railway projects in preparation for developing a world-class rail system to address the region's demand; GCC countries represented include Qatar, Bahrain, Oman, United Arab Emirates and Kuwait. The tour will provide a forum for public and private institutions to share best practices in infrastructure design and implementation as well as oversight and management that will inform the delegates plan for new rail works in the region.

The Bilateral Chamber has invited C-Suite executives from the U.S.ís leading infrastructure companies for a intensive session to showcase and position American expertise and experience. The portfolio of companies invited to the Roundtable represent over a century of experience and trillions of dollars of project management expertise in the U.S. and abroad. Participants include SAIC, Parsons, Fluor, Herzog, Lane, Hanson, EWA and WABASH.

Following the roundtable, the chamber is hosting a networking reception featuring The Honorable Pat Quinn, Governor of Illinois and Chicagoís business and civic leadership all attending to extend a warm welcome to the GCC delegates.

For more information or to attend the reception, please contact Cepee Tabibian at cepee@bilateralchamber.org or call 713-880-8168.

Leadership Series: Opportunities in Sharjah
June 14, 2011 | 9 am Ė 10:30 am

Roundtable Update on Saudi Arabia

The Bilateral US-Arab Chamber of Commerce is pleased to announce that Hussain Mohammed Al Mahmoudi, Director General of the Sharjah Chamber of Commerce and Industry in the United Arab Emirates (UAE) will join us for a breakfast briefing to discuss business opportunities in Sharjah.

Prior to becoming the Director General of the Sharjah Chamber of Commerce and Industry, Hussain Mohammed Al Mahmoudi held executive positions with the Emirates National Oil Company, Dubai Internet City, and The Royal Dutch Shell Group of Companies. He is the founder and Chairman of the Sharjah Tatweer Forum and also serves as the Chairman of the Emirates Business Council for Sustainable Development. His extensive experience throughout the UAE and in Sharjah offers an informative perspective on best practices and how to enter the marketplace as a small and medium sized enterprise.

For more information and to register, please click here. You may also contact Nicole Ellis at nicole@bilateralchamber.org or call 713-880-8168.

Tunisia Investment Forum
June 16-17, 2011 | Tunis, Tunisia

The Bilateral US-Arab Chamber of Commerce is pleased to support the 2011 Tunisia Investment Forum entitled "New Tunisia, New Opportunities."

For more information about this forum or to register, please contact Nicole Ellis at Nicole@bilateralchamber.org or call 713-880-8168.

Trade Mission Series: Eurasian Oil & Gas Suppliers Trade Mission
June 20-24, 2011 | Almaty, Kazakhstan & Ankara and Istanbul, Turkey

The United States Department of Commerce, International Trade Administration, U.S. and Foreign Commercial Service (CS) is organizing an industry-specific Oil & Gas Equipment and Services Mission to Kazakhstan and Turkey. Led by a senior Department of Commerce official, the mission will include representatives from a variety of U.S. firms specializing in the oil and gas industry.

Mission participants will be introduced to international agents, distributors, and end-users whose capabilities and services are targeted to each participantís needs. This mission will contribute to National Export Initiative goals through increased sales of oil and gas equipment / services in Turkey and Kazakhstan.

For more information, please contact Miriam Eqab at Miriam@bilateralchamber.org or call 713-880-8168.

CEO Series: Egyptian Energy Delegation
June 30, 2011 | 6 pm Ė 8 pm
InterContinental Hotel | Houston, TX

The Bilateral US-Arab Chamber of Commerce is pleased to announce an inbound delegation of public and private sector representatives and senior government officials from Egypt. The delegationís visit to Houston is part of a multi-city tour throughout the United States, marking the first major program between the two countries since the historic events that took place in Egypt earlier this year.

In an effort to support economic growth and the development of sustainable infrastructure in Egypt as the country transitions to a new governing structure, the aim of the program will be to connect the public and private sectors in the United States and Egypt, encourage trade, and capitalize on business opportunities.

For more information, please click here. You may also contact Nicole Ellis at nicole@bilateralchamber.org or call 713-880-8168.

14th Annual OTC Welcome MENA Delegates Reception

The Abu Dhabi National Oil Company (ADNOC) was recognized at the Bilateral US-Arab Chamber of Commerce's 14th Annual MENA Region Reception at this year's Offshore Technology Conference (OTC 2011) in Houston, Texas, USA.

Held under the theme "Making Safe," this year's edition of OTC attracted around 65,000 attendees and 2,500 exhibiting companies, representing more than 110 countries. Executive-led delegations from ADNOC, Kuwait Petroleum, Aramco, Qatar Petroleum, Sonatrach and the South Oil Company of Iraq were among the MENA region NOC's that attended the conference and BUSACC's reception at the kickoff of the week, Monday, May 2nd at the Intercontinental Hotel.

Over 800 attended BUSACC's reception, including delegates from Algeria, Angola, Ghana, Iraq, Kuwait, Malaysia, Nigeria, Norway, Qatar, Saudi Arabia, and the United Arab Emirates. Also in attendance were U.S. Department of Commerce commercial officers from the MENA region and Washington D.C. and State of Texas officials from the Senate and Railroad Commission and the Mayor of the City of Houston's Office.

BUSACC Board member, Rob Franklin, President ExxonMobil Upstream Ventures, asked ADNOCís managers to join him on stage to receive the "Visionary Leadership Award" on behalf of Abdulla Nasser Al Suwaidi, ADNOC Deputy CEO. The award is given to companies that demonstrate a commitment to enhancing business and education ties between the United States and Arab world. Past recipients include Aramco, ExxonMobil and ConocoPhillips.


Caption: Saba Abashawl, Houston Airport Systemís Chief External Affairs Officer accepts award as 2011 Goodwill Ambassador Honoree.

News
Agriculture
Omani fish processors secure $2.4m in new contracts
Abu Dhabi farmers to get grants from Aug 1
Iraq in bid to revive ailing date industry
  View all articles
Construction and Real Estate
Dubai 'ideal' for world's most eco-friendly building Article
Saudi construction sector to grow 4pc
Damac files suit against Egypt
US firm wins $171m Jeddah flood control deal Article
Bombardier wins Jeddah airport contract
Syrian-Russian Talks to Establish Joint Infrastructure Projects
Qatar 2022 council backs stadium design event
Linden Comansa cranes in Jordan airport project
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Economy
Kuwait eager to back Egyptian economy - Jazeera chief
SMEs urged to upgrade marketing practices
Autonomous accounting body must for UAE
Faruk unveils big Iraq investment plans
Palestinian firm issues $70m corporate bonds
Saudi tops global trade confidence index
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Education
Eight new independent schools to open in Qatar
King set to open Saudi Arabia's university for women
Oman, Bahrain sign accords in security and education sectors
Algeria to ease primary school program
  View all articles
Energy
Deloitte: Gas to remain the dominant fuel choice for the power sector in the Middle East over the next two decades
Cosmo, Solitz start Qatar's new oilfield
Egypt to raise diesel fuel, gas subsidies
UAE's Dana Gas announces fifth gas discovery in Egypt
Qatargas adds Greece to its portfolio
Bahrain halts gas deal with Iran
Iraq vows to go ahead with gas development
Libya oil minister Ďno more with Gaddafi'
GCC oil and gas contracts Ďaveraging $40bní per year
Gap grows between Middle East oil importers, exporters
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Finance
HSBC predicts slowdown in revenue in Middle East
Doha Bank sees no layoffs in Islamic business
Qatar investment forum set for November
Aman wins World Finance award
Dubai close to finalising $800m Salik deal
Egypt probes illegal transactions
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Health
Salalah firm receives regulatory approval for US and European markets
120 companies to participate in health and wellness exhibition
UAE residents oblivious to obesity, finds report Article
UAE inks deal with US hospital for Abu Dhabi rehab unit Article
Saudi Arabia needs 7,000 medical staff by 2021 Article
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Industry
Egypt's National Cement reports 21% rise in nine month profit
Siemens to create over 1,000 Saudi jobs
Beverage sector in GCC records steady growth
Emal, Trans Gulf ink new molten metal contract
Samsung Engineering clinches $590m Saudi aluminium complex deal
GASCO awards two contracts worth Dhs4bn
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Insurance
National Bank of Kuwait launches the Family Income Protection Insurance
Methaq Takaful Insurance Company opens new branch in Al Ain
  View all articles
Retail
Qatar Luxury Group buys French fashion group stake
UAE retailers urge big fines for fakes
Emirati teens are biggest global spenders, poll shows Article
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Telecoms
Saudi expecting telecoms investment to reach $9.9bn by 2013
Gulf states rank among top YouTube users, says du CEO Article
Nokia Siemens Networks forms Saudi JV
UAE says only licensed firms can offer VoIP
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Tourism
Kuwait bans visa issuance to five nationalities
World's first fashion hotel to open in Dubai
Jordan firm inks management deal for Dead Sea resort
Mideast unrest prompts drop in tourist arrivals
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Transport
Aramex earmarks $70m for acquisitions in Africa
Shell launches bunker ops at Jebel Ali port
Aramco, Earadat ink transport deal
Middle East transport projects 'worth $500 billion'
Port rivalries may test Gulf relations, says BMI Article
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Utilities
ABB wins $22m power contract in Kuwait
Second phase of $1.4bn Gulf power grid starts
Metito to build new wastewater treatment plant in Saudi Arabia
Treated water network for Muscat
  View all articles

AEGIS
AEGIS

For a comprehensive report about security news in Iraq, click here.

To discuss how Aegis can help your company, please contact:
Anna Hensel, Director Business Development
ahensel@aegisworld.com
T + 44 207 222 1020
www.aegisworld.com.


Member News

Jacobs wins Aramco Feed contract

Baker Hughes expect drilling increase in Saudi and Iraq

Exxon, Sabic to jointly build rubber plant

Shell executive named TAQA finance chief

FMC Technologies Awarded $130 Million Subsea Separation and Boosting Contract for Petrobras' Congro and Corvina Fields


Hart Energy: Iraq Oil Report

Hart Energy has just released their Iraqi Oil report. This report provides a technical assessment of probable production from Iraq based on field data and expected infrastructure roll-out. The 70-page report features snippets of interviews from several representatives of IOCs on the ground in Iraq as well as Iraqi officials charged with selling licenses to develop the fields. Key elements of the report are:

  • Analysis of the political situation and investment context
  • Review of key fields and projects by company. Includes current and future production figures.
  • Assessment of the current and required infrastructure
  • Evaluation of Iraq's impact on global supply balances and long-term pricing

Hart Energy is offering the report for the special rate of $4,950 to BUSACC members. A Table of Contents is available here.

Requests can be directed to hartenergyresearch@hartenergy.com.


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