Monthly Newsletter 2011
Table of Contents

Trade Mission Series:
Saudi Arabia & Kuwait
December 9 - 15, 2011

The Bilateral US-Arab Chamber of Commerce will be leading a US Delegation comprised of senior energy sector executives to Saudi Arabia and Kuwait. During this trip, the Bilateral will introduce these US leaders to some of the most critical decision-makers in the oil, gas & petrochemical sectors in both Saudi Arabia and Kuwait. This trip marks the 16th consecutive year that the Bilateral is leading successful US Trade Delegations to the Middle East and North Africa. The Bilateral works hand-in-hand with the Administration and its US Departments of Commerce, State and Energy and each of their Ministerial counterparts in the Middle East and North Africa. Leveraging these unique relationships built over time, the Bilateral Chamber's success ratio for delegates doing business AFTER a Trade Mission to the countries they visit exceeds 82% to date.

For more information please click here or contact:
Hala Al-Abdulwahed at hala@bilateralchamber.org or 713-880-8168.

October's Trade Mission Highlights

Executives from fourteen companies joined the Bilateral US-Arab Chamber of Commerce on our biannual business development mission to four GCC countries; the Sultanate of Oman, the United Arab Emirates, the Kingdom of Bahrain, and the State of Qatar. The delegates had the opportunity to showcase their products and services to a region with a combined GDP of nearly $502.95 billion.

Our trade mission was comprised of senior executives representing Fortune 500 companies and SME's from Arcadis, SAIC, M&H Energy, Vincent Lopez Serafino & Jenevein, P.C., AutoArch Architects, Branae Consulting, Zenith International Holdings Group, Bracewell & Giuliani, LLP, Navex International, Littoral Ecological & Environmental Services, W.A.D.E. Technologies, Interflote-USA, US & Gulf Energy Inc., and Coastal Fidelity. Though the business objectives of the delegates varied in nature, all participants in the business mission benefitted from the meetings and networking opportunities that we arranged.

Sultanate of Oman

Networking reception with T.H. Richard J. Schmierer, US Ambassador to Oman

United Arab Emirates

Abu Dhabi Chamber of Commerce & Industry host a panel discussion and networking reception for the delegates

Kingdom of Bahrain

His Excellency Dr. Abdul-Hussain Ali Mirza, The Minister of Energy, received the delegation at BAPCO

State of Qatar

H.E. Sheikh Hamad Bin Ahmed Bin Abdullah Al-Thani, Member of the Board of Directors, Qatar Chamber of Commerce & Industry presents gift

Women's Global Leadership Conference
November 15 - 16, 2011
Houston, TX

Since 2005, the Bilateral US-Arab Chamber of Commerce has supported the mission of the Women's Global Leadership Conference to provide a global gathering for women leaders to meet and discuss issues surrounding leadership in the energy industry. Targeted specifically to matters of female leadership, the conference strives to provide meaningful discussion on all aspects of responsible stewardship ranging from energy security and geopolitics to personal career development.

For more information, click here.

Tunisia Partnerships Forum

Aida Araissi, President of Bilateral US Arab Chamber of Commerce is traveling to Washington DC on Nov. 15 to participate in the White House Arab American Business Leaders project.

The November meeting will focus on investment in Tunisia, the birthplace of the "Arab Spring". The United States and Tunisia embarked on a partnership to support the fragile democracy by supporting economic initiatives between our two countries. "As a Tunisian American, I am really excited to be a part of this historic opportunity to assist Tunisia's new democracy in identifying revenue generating projects that are sustainable for Tunisia's economy but also a win-win for U.S. exporters."

The conference attendee list includes core diaspora investors, the Tunisian American Young Professionals Network and companies currently doing business in Tunisia.

Announcement

Board Member Ryan Lance Promoted to CEO

The Bilateral US-Arab Chamber of Commerce would like to congratulate our board member Ryan Lance, of ConocoPhillips, for his promotion to CEO of ConocoPhillips, upstream production company.
For more information, click here.


AEGIS

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

For more information, please contact Anna Hensel, Director Business Development at ahensel@aegisworld.com or
+44 (0) 207 9601 493 or visit the Aegis website at www.aegisworld.com.

News
Construction and Real Estate
Abu Dhabi TDIC cancels museum tender
Abu Dhabi: Focus on infrastructure
Bahrain plans $26m revamp for village
Qatar to award World Cup contract next month
Dubai: Real estate on track
OCI unit wins $578m Yas Mall contract
Qatari Diar signs $544m Egypt contract
  View all articles
Economy
No need to tap reserves says Saudi
Turkey: Sustaining growth
UAE rules out exposure to euro zone debt
Oman: A competitive edge
RAK: Targeting small businesses
UAE sets up $2.72 billion development bank
Egypt: Challenging times for banking
  View all articles
Education
Bahrain plans 3 new universities
InJAz Bahrain scheme eyes 50,000 students
GTSC opens new facility in North Iraq
  View all articles
Energy
Qatar: Processing power
Bapco in natural gas supply deal
Saudi Arabia: Pumping up the volume
ME national oil firms plan $140bn in contracts
Kuwait: Expanding downstream
Fluor wins Abu Dhabi offshore contract
Iran suspends China contract in gas field
  View all articles
Finance
Saudi bourse to open to foreigners soon
Oman: Trading Up
Mashreq 'may be interested in Denizbank'
Turkey: Exchange growth on the horizon
KFH Turkish unit launches $350m sukuk
Qatar: Boosting Islamic finance
Dubai: Regaining confidence in capital markets
  View all articles
Health
Oman: Higher health standards
Bahrain to build culture center for elderly
Work on second phase of Al Jalila Hospital starts
Abraaj eyes Turkish hospital stake sale
$10.6m health center set to open in Bahrain
  View all articles
Industry
Bahrain: Industrial hive
Dubai firm plans copper smelter in Tanzania
PolyOne-Juffali to set up Saudi JV
UAE to invest $9.5bn in Indonesia smelters
New plants 'to fire up ME heavy industry'
New polymer factory opens in Bahrain
  View all articles
Insurance
Bahrain National Insurance wins Qatar license
Saudi Arabia: Insured growth
Mashreq offers insurance with gold investment
Bahrain insurance sector 'poised for growth'
  View all articles
Retail
Johnson Controls wins Shell Oman contract
  View all articles
Telecoms
Jordan: Smart moves
Iraqi telco IPOs unlikely before mid-2012
Saudi Telecom plans acquisitions in 2012
Batelco, Korea firm ink 'smart solutions' dealt
Saudi firms to adopt cloud technologies
Almarai sees $36m writedown on Zain stake
  View all articles
Transport
Agility wins Henkel logistics contract
Jazeera Airways inks $200m A320 financing
DP World opens community station in Djibouti
GWC inks distribution deal with Darwish
Bahrain set to open new fishing port
Etihad Rail signs transport deal with Arkan
  View all articles
Utilities
Irish firm named Diyar project designers
Orascom secures $1.9bn in credit facilities
Bahrain plans $660m sewage treatment plant
Samsung closes Bahrain water plant deal
Bahrain discusses solar energy project
Bahrain mulls underground water reservoirs
  View all articles

Eid Message

On behalf of the Bilateral US-Arab Chamber of Commerce, we would like to extend our warmest greetings to you, your family and friends in the occasion of Eid Al-Adha. Best wishes to you for a happy and blessed Eid!

Please note that many MENA businesses and government offices are usually closed during Eid on November 6-7, 2011.


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