Monthly Newsletter 2012
Table of Contents

TEACH 2012

TEACH Fellows at the Bahrain National Museum.

Learning at the Bahrain Science Centre in Isa Town, Bahrain.

Teachers enjoy new technology at Carnegie Mellon University - Doha.

Students from the DeBakey High school in Qatar take a break from finals with TEACH Fellow Dunn Woods.

A group of twelve teachers from across America have a new perspective to add to their curriculums in the upcoming school year, after returning from Bahrain and Qatar as part of the 4th Annual TEACH Fellowship (Teachers Educating Across Cultures in Harmony). An annual Bilateral US-Arab Chamber of Commerce initiative, TEACH is a cross-cultural exchange program between educators from the United States and the Arab world. The 10-day trip to the Kingdom of Bahrain and State of Qatar gave participants the chance to immerse themselves in Arab culture, meeting with business, academic and government leaders, and reviewing best practices in education, teaching methodology and the classroom. This year's TEACH Initiative focused on science, technology, engineering and math (STEM). To read more, please click here.

We would like to thank the following sponsors for supporting this year's TEACH Fellowship:

Growth Opportunities for Illinois Business in GCC Countries

On June 22, 2012, the Bilateral U.S.-Arab Chamber of Commerce (BUSACC) partnered with the Governor's Office, State of Illinois to promote opportunities in the Gulf Cooperation Council (GCC) countries. Governor Pat Quinn and Duaine Priestley, International Trade Advisor for BUSACC, provided an overview of the many ways companies could capitalize on this growing market. Notable leaders in energy, infrastructure, healthcare and education took part in discussions regarding how BUSACC works to facilitate profitable business relationships between the regions.

Global Business Academy: Workshop featuring MENA specialists

Mr. Duaine Preistley presenting "MENA Trade and Investment Opportunities" in Sandy Springs, Georgia

On June 26th, 2012, the Bilateral U.S.-Arab Chamber of Commerce (BUSACC) partnered with the Sandy Springs Perimeter Chamber to present a workshop on conducting business in the Middle East and North Africa (MENA).

The program was keynoted by Ambassador Patrick Theros, President of the U.S.-Qatar Business Council and former U.S. Ambassador to the State of Qatar. Panelists included:

  • Duaine A. Priestley, International Trade Advisor, BUSACC
  • Tamer Cavusgil, PhD, Executive Director, Georgia State University - Center for International Business and Educational Research (GSU - CIBER)
  • Sam Cherribi, PhD, Senior Lecturer, Department of Sociology, Emory University
  • Ihsen Ketata, PhD, Director, GSU - CIBER
  • Bachir Mihoubi, CEO, Francounselgroup (International Franchise Development)
News
Agriculture
Farmers bank on SR 1.2 billion initiative
Anham wins $8 billion deal to supply US forces
Produce suppliers warned not to cash in on Ramadan
Lack of fish in Omani seas highlighted
Saudi agribusiness market to hit $2.2 billion
Food security becomes priority for water-deficient Saudi Arabia
Egypt's UEFI to build two food plants for EGP200m: CEO
  View all articles
Construction and Real Estate
Bahrain construction on the road to recovery
Abu Dhabi says steps taken to pay contractors
Saudi real estate sees solid growth
Top Bahrain hotel project 'ahead of schedule'
Qatar adds US embassy site to Paris property splurge
TAQA completes $1.4 billion project, financing arrangements for Jorf Lasfar Power Complex expansion (JLEC 5&6)
  View all articles
Economy
Saudi Arabia urges GCC union
Ailing economy a big challenge for Mursi
UAE committed to sustainable development: Sheikha Lubna
UAE cracks down on labor law violations
Dubai Chamber joins hands with Emirates to serve SMEs better
Qatar plans to invest $130 billion in non-oil
Fitch upgrades Jafz to 'B+'
  View all articles
Education
ENOC hosts students from the US for global immersion program
Education needs private sector support in Egypt
London School to Train Oman Oil staff
Saudi varsities to allocate seats to expats
UAE cash opens 40 new schools in Pakistan
Qatar Academy and Carnegie Mellon University in Qatar join forces for Homework Cafe
  View all articles
Energy
Aramco, Sumitomo to sign Rabigh deals soon
Abu Dhabi's Mubadala eyes more Brazil business
Abu Dhabi's IPIC eyes new Oman, UAE refineries
ADNOC signs agreement with Wintershall and OMV
Rosneft in talks to join Exxon in Iraq
First oil flows through new UAE pipeline
  View all articles
Finance
Bank Muscat plans $251 million rights issue-document
Almost half of UAE investors have never taken financial advice
Saudi Islamic finance assets estimated at $94 billion
Dubai Islamic Bank launches mentoring program
Standard Chartered Private Bank launches Islamic financial solutions
Lebanon has its insurance tentacles out furthest in MENA
  View all articles
Health
UAE could need more than 12,000 doctors by 2014
Deloitte: GCC healthcare market goes under the knife to advance
UAE approves 126 drugs for cancer, diabetes treatment
Saudi pharmacy firm to create 500 new jobs
UAE spends $1,200 per capita on healthcare
New Bahrain hospital inaugurated
  View all articles
Industry
Bahrain 'taking steps to ensure cement supply'
Equate names new president & CEO
Sabic, German firm sign research pact
Renault, Algeria to sign deal on new plant in August
Huge potential for UAE textile industry with automation
DUBAL, GE win award for aluminum excellence
Alba launches new safety initiative
  View all articles
Telecoms
R&M completes Ministry cabling project
Thomson Reuters buys business information service Zawya
MidEast mobile users rise by 69,230 per day
Injazat inks 2-year IT Support Services Contract with Abu Dhabi Food Control Authority
Kuwait Oil Company first in Middle East to use a high-tech movable wall system by DORMA
India's Reliance in Iraq broadband JV
  View all articles
Tourism
Gulf hotel sectors post mixed results in May
Bahrain hotel rates rocket in tourism revival
Conrad Dubai hotel eyes December opening
Hilton Worldwide expands Egypt portfolio with two new Hilton Hotels & Resorts Properties
Oman launches 'cool' summer campaign
India, Jordan look to boost tourism cooperation
  View all articles
Transport
14 firms in fray for airline license
AED 435 million road construction contracts awarded
Algeria highway project on track
Depa, Linder abandon $245 million Doha airport JV
Abu Dhabi International Airport records 22% growth in passenger traffic
Madinah airport expansion deals signed
  View all articles

Condolences

On behalf of the Bilateral U.S.-Arab Chamber of Commerce and our Board of Advisors, we would like to express our deepest sympathy and condolences for the tragic loss of Crown Prince of Saudi Arabia, First Deputy Prime Minister and Minister of Interior, His Royal Highness Prince Nayef bin Abdul Aziz Al Saud.

To read more, please view here.

United States and United Arab Emirates Release Joint Statement

The United States and United Arab Emirates remain deeply committed to close consultation and cooperation to promote peace and stability in the Gulf region and broader Middle East. In their meeting at the White House, President Obama and Crown Prince Mohammed bin Zayed Al-Nuhayan reviewed the full range of regional security issues including Iran, Syria, terrorism, and energy security.

To read more, please view here.

Members in the News

Headworks BIO Inc. Awarded IFAS Contract in Saudi Arabia

CGGVeritas Announces R&D Collaboration with Saudi Aramco

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