Monthly Newsletter 2012
Table of Contents

Leadership Series: Roundtable Update on Libya & Yemen
Houston, TX | May 24, 2012

The Bilateral US-Arab Chamber of Commerce is pleased to announce a briefing with Mr. Barak Barfi, who will provide a discussion on the current outlook for Libya and Yemen.

Barak Barfi is a research fellow with the New America Foundation, specializing in Arab and Islamic affairs. His articles have appeared in the Washington Post, Foreign Policy, New Republic, Jane’s Islamic Affairs Analyst, and CTC Sentinel, in addition to being regularly featured in Project Syndicate. He is also a frequent commentator on CNN, BBC, MSNBC, Fox News, and France 24, and has testified before Congress about the threats posed by al-Qaeda in the Arabian Peninsula. A former visiting fellow with the Brookings Institution, he lived in Yemen and spent six months in Libya during the revolution.

For more information please contact Amanda Dramberger at Amanda@bilateralchamber.org or 713-880-8168.

Export & Trade Promotion: Opportunities in Iraq
Lafayette, LA

The Bilateral US-Arab Chamber of Commerce, partnering with LAGCOE and the U.S. Commercial Service, invites you to join us as we explore the many facets of doing business in Iraq. Our keynote speaker, Mr. Naufel Alhassan, Iraq Commercial Councilor, will provide insight and answer questions regarding business development in Iraq.

Investment opportunities in Iraq are tremendous and varying in type, amount, scope, sector, purpose, and structure. Potential investors have a virtual open landscape to develop projects that will fill the needs of Iraq’s expanding and demanding population.

Join business executives and government officials for a breakfast briefing to learn how to do business in Iraq and partner with the U.S. government on exports and create opportunities to seek potential multi-national business partnerships.

For more information, please contact Tomas Tobar at tomas@bilateralchamber.org or 713-880-8168.

Highlights: 15th Annual MENA Welcome Reception

Keynote Speaker: Francisco J. Sanchez, Undersecretary of Commerce for International Trade

Visionary Leadership Honoree: Clarence P. Cazalot Jr.,
Chairman & CEO, Marathon Oil Corporation

Goodwill Ambassador Honoree: H.E. Ali Suleiman Aujali, Ambassador of Libya to the U.S.

H.E. Ali Suleiman Aujali with the Chairman and Board
Members of the Abu Dhabi Chamber of Commerce & Industry

Undersecretary Sanchez welcomes guests into Board of Advisors reception prior to the event

The Bilateral US-Arab Chamber of Commerce (BUSACC) hosted the 15th Annual MENA Welcome Reception on April 30th at the Intercontinental Hotel in Houston, TX.

- BUSACC welcomed over 1,000 attendees from around the world

- Foreign participation was comprised of senior – level delegations from Algeria, Egypt, Iraq, Kuwait, Malaysia, Mexico, Norway, Oman, Qatar, Saudi Arabia, UAE, United Kingdom, Vietnam and Yemen

- Keynote was addressed by Francisco J. Sanchez, Under Secretary of Commerce for International Trade

- Honorees included Clarence P. Cazalot, Jr., Chairman & CEO, Marathon Oil Corporation and H.E. Ali Suleiman Aujali, Ambassador of Libya to the U.S.

- Notable guests included H.E. Mohamed Thani Murshid Al Romaithi, Chairman of Abu Dhabi Chamber of Commerce & Industry, H.E. Hisham Sharaf Abdullah, Yemen Minister of Oil & Minerals, T.H. James B. Smith, U.S. Ambassador to Saudi Arabia, T.H. Susan L. Ziadeh, U.S. Ambassador to Qatar, and senior leadership from Kuwait Petroleum, ADNOC, Al Mansoori, ConocoPhillips, ExxonMobil and Marathon Oil Corporation

Highlights: BUSACC Signs a Memorandum of Understanding with ADCCI

Two international chambers of commerce came together in an effort to share resources and increase trade and cooperation between the United States and the United Arab Emirates.

In a symbolic ceremony marking the two organizations agreement to work together, Houston based Bilateral US-Arab Chamber of Commerce (BUSACC) and the Abu Dhabi Chamber of Commerce & Industry (ADCCI) agreed to "widen cooperation in the different economic fields between the USA and UAE."

David L. Phillips, Chairman of BUSACC, along with H.E. Mohammed Thani Murshid Al Rumaithi, Chairman of ADCCI signed the Memorandum of Understanding at Houston City Hall. Present were Saba Abashawl, Chief External Affairs Officer, of the Houston Airports System and Andy Icken, Chief Development Officer, for the City of Houston.

"This agreement comes at an important time for both our organizations history," said Phillips. "Trade between the U.S. and UAE has increased tremendously over the past several years and both our cities look to us to promote trade and economic development."

This agreement is the beginning of an effort to increase trade between Houston and UAE. Mayor Annise Parker is planning on a visit to Abu Dhabi later this year organized by BUSACC.

BUSACC has led several successful trade missions to the Middle East, hosting leaders such as Texas Governor Rick Perry, former Houston Mayors Lee Brown and Bill White.

Highlights: Roundtable Update on Saudi Arabia: Briefing with U.S. Ambassador to Saudi Arabia

T.H. James B. Smith, U.S. Ambassador to Saudi Arabia; Amer Kayani, Minister Counselor for Commercial Affairs; and Nasir Abbasi, Commercial Consul (from right to left)

The Bilateral US-Arab Chamber of Commerce (BUSACC) hosted T.H. James B. Smith, United States Ambassador to the Kingdom of Saudi Arabia; Amer Kayani, Minister Counselor for Commercial Affairs; and Nasir Abbasi, Commercial Consul, from the United States Embassy and the Consulate General, respectively on Tuesday, May 1, 2012. Fifty executives attended the briefing to hear first-hand from Ambassador Smith about latest developments and project opportunities in Saudi Arabia, specifically in the Oil and Gas Sector.

Attendees included Mr. Ahmed Al-Zayyat, President of Aramco Services Company, Mr. John R. Brantley, Managing Partner of Bracewell & Giulliani, LLP., Dr. Mary Spangler, Chancellor of Houston Community College, Mr. Fareed Salem, Vice President Business Development MENA of ConocoPhillips, and Mr. Paul Travis, VP & Head of Corporate Finance at Riyad Bank Houston Agency.

This program is an annual series of briefings that BUSACC organizes to update its members about the best practices of doing business in Saudi Arabia. Support for this program derived from members of the chamber KBR and Bracewell & Giulliani, LLP.

Ambassador Smith discussed the economy of Saudi Arabia as the largest in the Middle East, with the largest proven oil reserves in the world at 261.8 billion barrels. With a budget surplus of $81.6 billion in 2011, business opportunities in the Kingdom are unprecedented. Best prospects are education and training, health and social affairs, water, agriculture, infrastructure, transport, communication, and municipality services.

Highlights: Saudi Procurement Program

The Bilateral US-Arab Chamber of Commerce partnered with the U.S. Commercial Service to host T.H. James B. Smith, U.S. Ambassador to the Kingdom of Saudi Arabia; Amer Kayani, Minister Counselor for Commercial Affairs; and Mr. Mohammed H. Belushi, Manager of Procurement & Logistics Department of Aramco Services for a Saudi Aramco procurement seminar on Wednesday, May 2nd, 2012.

Highlights: Breakfast Briefing: Minister of Oil and Minerals, Yemen

Mr. Nasser Al Humaidi, Chairman of the Yemen Petroleum Exploration and Production Authority

H.E. Hisham Sharaf Abdullah, Minister of Oil & Minerals briefing the audience about the oil industry in Yemen

On Wednesday, May 2nd 2012, the Bilateral US-Arab Chamber of Commerce (BUSACC) hosted H.E. Hisham Sharaf Abdullah, Yemen Minister of Oil & Minerals; Nasser Al Humaidi, Chairman of the Yemen Petroleum Exploration and Production Authority; and Anwar Salem, Executive Director of Yemen Gas Company. Attendees included Yemeni senior executives from the oil & gas sector as well as companies in the United States interested in hearing from the Minister and networking with the Yemeni delegation.

The Republic of Yemen is highly dependent on oil resources for revenue. Petroleum accounts for roughly 25% of GDP and 70% of government revenue. In October 2009, Yemen exported its first liquefied natural gas as part of its diversification effort.

Among the attendees were notable company executives from ExxonMobil, ConocoPhillips, Total, GDF Suez, and Weatherford. Members of the chamber had the chance to discuss their business interests and challenges with the Minister and other important government figures in an off-the-record private setting. Support for this program is provided by BUSACC member Fulbright & Jaworski, LLP.

Highlights: Export & Trade Promotion: Opportunities in Saudi Arabia

The Bilateral US-Arab Chamber of Commerce, partnered with the American Business Association – Eastern Province to explore the many facets of doing business in Saudi Arabia for the business community in the State of Louisiana. At present, Saudi Aramco has eleven upstream and downstream investment plans valued at around $58.45 billion to meet increasing world demand for energy. By the year 2020, Saudi Aramco’s daily production capacity of 12 million b/d will become 15 million b/d.

Speakers included:

  • Aida Araissi, President, Bilateral US-Arab
    Chamber of Commerce
  • Jay Dardenne, Louisiana Lieutenant Governor
  • Stephen Moret, Secretary of Louisiana Economic Development
  • David Cantrell, General Manager,
    Khalifa Algosaibi Trading Co.
  • David Caston, Business Development Manager,
    Tamimi Company & Commercial Group
  • Sam Eversman, Partner, Fulbright & Jaworski LLP

Partners included the State of Louisiana, Baton Rouge Area Chamber, Louisiana Travel, LAGCOE and the U.S. Commercial Service and sponsors included Fulbright & Jaworski, LLP, Tamimi Group, Algosaibi Oilfield Services Company, Khalifa Algosaibi Trading Company, U.S. Chamber of Commerce and Kean Miller, LLP.

TEACH 2012

The Bilateral US-Arab Chamber of Commerce is hosting the 5th annual educator trip from June 8 - June 15, 2012, to the Kingdom of Bahrain and State of Qatar to raise awareness, understanding, and cooperation between educators in the United States and the Middle East. Teachers Educating Across Cultures in Harmony (TEACH) is a program aimed at cross cultural exchanges and increased knowledge between educators in the United States and the Arab World.

Support for this program is provided by The Bahrain Petroleum Company (Bapco), Gulf Petrochemical Industries Co. (GPIC), Bahrain Economic Development Board (EDB), RasGas, and ExxonMobil.

For more information about TEACH, please click here.

Thank You Sponsors

The Bilateral US-Arab Chamber of Commerce would like to thank all this year's sponsors for the OTC MENA Delegate Welcome Reception.

News
Agriculture
Jordanian producer recognized for high quality olive oil
New food and mouth strain spreads to Gaza Strip
Abu Dhabi replaces local fodder with imports
Algeria grain harvest to rise 31%
  View all articles
Construction and Real Estate
Saudi Arabia has $750 billion construction projects in the pipeline
Dubai Arabtec CFO: More growth opportunities in Saudi, Abu Dhabi
Amman to float tender for Citadel funicular by year's end
Dubai sukuk to fund airport expansion
Selling off-plan a "dead marketing tool" - COO
  View all articles
Economy
Qatar labor ministry to scrap sponsor system for foreign workers
GCC on growth curve, but still a way to go
Kuwait current account surplus jumps to $70 billion
DP World reports 10% increase in container volumes in first quarter of 2012
  View all articles
Education
Loghati platform unveiled in Rome
McGraw-Hill Education unveils expansion plans
Aramco to train 2 million Saudi youth by 2020
New center for study of translation set up
US colleges keen to accept students from Middle East: Expert
  View all articles
Energy
Kuwait eyes 4 million bpd oil production by 2020
MENA Hydrocarbons firms need to target technology
Oman invites bids for onshore Block 65
ADNOC's green initiatives showcased at OTC 2012
  View all articles
Environment
Maersk Oil focus on whale shark project at environmental fair
New cooling technology highlighted at seminar
GE opens eco-friendly office in Abu Dhabi
Dubai's flagship eco-store 'The Change Initiative' to carry DuPont 'sustainable' products
  View all articles
Finance
Foreign investment in Qatar set to start
Islamic finance 'set to face' its biggest shake-up in years
Dubai's debt looks here to stay: in spite of Trade, Transport, & Tourism
UAE insurers 'enjoy high customer loyalty'
  View all articles
Health
Qatar Minister of Public Health opens cancer diagnostic center
Coca-Cola Middle East supports active healthy lifestyle with Hustla Women’s Football Team
Hikma gets $110 million loan to boost MENA medicines
Move under way to set up pharmacoeconomics center
  View all articles
Industry
Saudi Petrochemical projects estimated at $53 billion
Shortlist of bidders for $1.8 billion Sohar refinery EPC contract soon
Al-Amoudi signs agreement for first Saudi tire factory
Aluminum Week proves a great success
New Sharjah show focuses on plastics industry
  View all articles
Politics
Saudization continues to bring more Saudis into private sector
MENA arms spending to hit $118 billion by 2015
Abu Dhabi to build new airport
Etihad Airways appoints new General Manager for Oman
  View all articles
Telecoms
4G picks up in Gulf slowly but surely
Future for Modern Products Saudi Arabia unveils new corporate identity
STC to reach 500,000 homes with fiber in 2012
UAE shows-off their new hi-tech visa
  View all articles
Tourism
Egypt minister sees tourism peaking again
Qatar hotel group sets course for global expansion
Sharjah investment arm seeks $1 billion for eco-tourism
Shaza Hotels announce luxury beach resort in Salalah
  View all articles
Transport
Algeria gives transport infrastructure $87 billion thrust
Gulf carriers in push to tap US market
Designs of new Trans-UAE train revealed
Mideast aviation sector to expand 11% in 2012
Saudi plans cable car routes for holy city
  View all articles
Utilities
Kahramma earmarks QR 31 billion for new projects
  View all articles

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