Monthly Newsletter 2012
Table of Contents

Ambassador Series: His Excellency Mohamed Salah Tekaya
Chicago, Houston & Atlanta
February 6-10, 2012

The Bilateral US-Arab Chamber of Commerce is pleased to host the Ambassador of Tunisia to the United States, His Excellency Mohamed Salah Tekaya on a multi-city tour through the United States. As the birth place of the Arab Spring, the U.S. State Department has announced a commitment of $55 million and 30 projects to support Tunisia's new economy and democracy. The Tunisian government has an ongoing commitment to developing infrastructure and improving ICT, tourism, franchising and renewable energy. Please join us for an analysis of current trends in the country, as well as learn how Tunisia serves as a model for what we can expect from other countries in the MENA region.

For more information please contact Amanda Dramberger at amanda@bilateralchamber.org.

2nd U.S. - Maghreb Entrepreneurship Conference
Marrakesh, Morocco
January 17 - 18, 2012

The Bilateral US-Arab Chamber of Commerce is pleased to support and encourage participation in the 2nd U.S. - Maghreb Entrepreneurship Conference which will provide a networking opportunity for public and private sector entrepreneurs. This conference aims to develop programs in the areas of entrepreneurship, education & research, science & technology and arts & culture.

For more information about this conference, please click here.

2012 Bilateral Model Arab League
Houston, Texas
March 24 - 25, 2012

In partnership with the National Council on US-Arab Relations (NCUSAR), the Bilateral US-Arab Chamber of Commerce (BUSACC) is honored to present the 5th Annual Model Arab League Conference (MAL). Students participating in the 2012 MAL will learn about the social, political, economic and security challenges of the Arab nations. While developing valuable skills in diplomacy, negotiation, argumentation, critical thinking, research, writing and public speaking, students also gain personal insight and meaningful understanding of issues underlying US-Arab relations.

In addition to awards, outstanding 2012 MAL participants are given preferential consideration for BUSACC and NCUSAR internships in Houston and Washington, D.C., respectively, and for participation in our study abroad programs in Egypt, Kuwait, and Morocco.

For more information about the program please click here or contact: Matthew Kocian at matthew@bilateralchamber.org

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

Executives from thirteen companies completed another successful Business Development Mission to two GCC countries: The Kingdom of Saudi Arabia and the State of Kuwait. The delegates had the opportunity to showcase their products and services to a region with a combined GDP of nearly $758.5 billion.

Our trade mission was led by our Board Members TH Vicky A. Bailey, Former US Secretary of Energy (Bush 43), and TH Robert W. Jordan, Former US Ambassador to the United States. Our delegation was comprised of senior executives representing Fortune 500 companies and SME's from Arcadis, AutoArch Architects, Baker Botts, Baker Hughes, Bracewell & Giuliani LLP, Chevron, ConocoPhillips, Fulbright & Jaworksi LLP, Ghana Development Corporation, Honeywell, Interflote - USA, Planetary Emissions Management, Inc., Pricewaterhouse Coopers LLP and SAIC. 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.

Saudi Basic Industries Corporation (SABIC)

TH Vicky A. Bailey, Former U.S. Secretary of Energy, TH David L. Phillips, Chairman of the Board, HE Abdul Wahab M. Al-Wazzan, Vice-Chairman of KCCI, HE Wafa A. Al-Qatami, Board Member of Trade & Transport Committee, TH Robert W. Jordan, Former U.S. Ambassador to Saudi Arabia

New Year Greeting

Uncertainty is a way of life for entrepreneurs and business owners, but 2011 may be remembered as one of the most challenging years for assessing business risks all over the world. In the Middle East North Africa (MENA) region, the Arab Spring has transformed the political landscape and traditional business rules of engagement in certain countries; while other seemingly unaffected countries continue to enjoy unprecedented public sector spending and opportunities for growth.

In response to this heightened uncertainty, we supported our members by navigating them through the maze of Arab Spring complexities, addressing these issues with timely executive-level programs, for example on the security environment in Libya; meetings with Egypt and Tunisia's new business-thought leaders; conferences and networking events with Ministers from across the region, executive leadership of national oil companies, rail infrastructure planners, IT and sustainable-energy innovators, and more. We finished 2011 with high-level receptions involving business leaders at the World Petroleum Congress, followed by US Trade Missions to Saudi Arabia, Kuwait, Qatar, UAE, Oman and Bahrain.

We look forward to meeting with you early this year to understand more about your strategic growth plan and how we can continue to play an integral role in accomplishing your objectives. Until then, thank you for your involvement and commitment to our organization in 2011. We wish you a prosperous and wonderful 2012!

Aida Araissi
President

AEGIS

2012 Strategic Risk Outlook from AEGIS

Every December AEGIS takes stock of the geopolitical year that's been and look ahead to the themes and trends likely to shape the strategic risk environment. Below is a review of major emerging and frontier market geopolitical themes from the months to come.

The global strategic risk outlook for 2012 is shaped to a great extent by the likely turns in the political and economic crises in the Eurozone, as well as by the effects of the legislative gridlock ahead of US elections. There is, however, no shortage of insightful analysis of those trends. For this reason, we focus in this year’s edition of our review on what we see as major strategic risk trends in the emerging and frontier market hemisphere which we believe deserve more attention. In particular, we take a close look at the Middle East, China and Somalia.

I hope that some of what we have written will prove useful to you. If the analytical angles we take are helpful, then you can get a steady flow of our strategic risk analysis throughout the year at strategicriskindex.com.

For a comprehensive report about global security information,
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
Agriculture
Almarai buys Argentina farm company
Lebanon: Lower yields
Brazil company to expand ME chicken exports
Saudi seeks more Ukrainian barley
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Construction and Real Estate
Lebanon: Taxing time for real estate
Saudi allocates $66bn for new homes
RAK: Handing over construction
Major drop in Bahrain construction tenders
$65 million housing project launched in Bahrain
Al Futtaim wins key Dubai project
Egypt: Picking up
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Economy
Oman posts $2.2 billion budget surplus
GCC, EFTA free trade zone plan on track
Gulf economies to slow, stay strong fiscally
Jordan: Venturing for SMEs
Egypt may need $15 billion from IMF to avoid crunch
Bahrain: Looking up
Kuwait budget surplus could hit $39 billion
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Energy
Oil sanctions will close Hormuz, warns Iran
Exxon mulls $10bn takeover of Gulf Keystone
South Korean firm wins $233m Qatar power deal
KHC invests $50m into Nigerian energy firm
Baker Hughes gets $640 million Iraqi drilling deal
Abu Dhabi: Making concessions
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Finance
Bahrain: Building bonds
Mashreq leads loan syndicate for Bank of Ceylon
Qatar now top investor in Lagardere
Kuwait: Balancing act
Egypt to offer $830 million 5-year bonds
UK Islamic bank eyes 30% Rasmala stake
Bank Muscat plans $260m rights issue
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Health
Work begins on Bahrain hospital in Somalia
Abu Dhabi seals Korean hospital deal
Bahrain to open fifth nutrition clinic
UAE's healthcare firms 'facing growth snags'
Special zone for Bahrain clinics planned
Dubai to host emergency medicine summit
GCC healthcare sector to be worth $44 billion in 2015
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Industry
Emirates Steel eyes 6.5 million tpa production
Abu Dhabi firm plans $200 million extrusion plant
Government projects 'to lead Saudi cement growth'
Qatar Steel ups stake in Saudi firm
India's JBF to invest $200 million in Bahrain plant
Qurain plans $1 billion petchem plant in Saudi
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Insurance
Oman: New policy for insurance
Moody's assigns Ba1 IFS rating to National Takaful Insurance Company; positive outlook
Insurance House starts Sharjah operations
  View all articles
Telecoms
Egypt: Connections for the future
Atheeb gets nod for $310 million rights issue
Saudi Telecom buys 60% stake in firm
Mena mobile market 'set to stagnate'
Top Indian IT firm launches JV in Qatar
Kuwait: Expanding and competing
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Tourism
Qatar: Tourism aims beyond 2022
Etihad snaps up key stake in airberlin
Abu Dhabi targets 15% rise in hotel guests
Hyatt opens landmark hotel in Abu Dhabi
Abu Dhabi, Dubai named top Mice hubs
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Transport
Dubai: Private opportunities in public transport
Qatar set to spend $12 billion on roads
Maritime security conference to address soaring costs of shipping as result of pirate threats
Abu Dhabi: Linked by rail
Drydocks World sees debt deal by March
Aramex 'paid $55.5 million for Berco Express'
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Utilities
Saudi Electricity plans transmission firm
Metito wins Qatar dewatering unit contract
Iraq signs $72 million power plant deal
GCC waste treatment market to hit $2 billion
Bahrain eyes green energy agency
Tri-Tech wins $8.3 million Qatar water contract
  View all articles

Member Spotlight

The Bilateral US-Arab Chamber of Commerce would like to thank our hosts for a successful trade mission to the Kingdom of Saudi Arabia and the State of Kuwait.



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