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January2015
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Like any new year, 2015 will have its fair share of uncertainty and turmoil which often breeds opportunity. The volatility in global energy markets make it more important than ever to stay well informed on the state of economics and opportunity in the MENA region. Economic activity ahead of World Expo 2020 in Dubai and Qatar's FIFA World Cup 2022 has the potential to mitigate declining oil prices, thanks to long term investments from the private and public sectors. All of the countries in the GCC at this juncture are staying the course with big budget announcements aimed at diversifying their economies and boosting employment opportunities for locals. Spending on transport systems, logistics, utilities, healthcare, manufacturing and downstream industry all represent access points for U.S. companies.
 
MEED Projects reports about $27 trillion worth of projects are planned or underway in the GCC region.
 
In North Africa, Tunisia has successfully transitioned to a democracy earning its place as Country of the Year from the Economist and encouraging profiles in the New York Times, Financial Times and National Geographic among others.
 
Bravo Tunisia!
 
 
In this Issue
                                                                                         
Industry-Insight-Series-MENA-Healthcare-Opportunit Sheikh-Al-Qase=imi-RAK
Industry Insight Series:
MENA Healthcare Opportunities
Bilateral Chamber partners with US-UAE Business Council to host His Highness Sheikh Ahmad Bin Saqr Al Qasimi 
   
Insight-to-U.S.-Roadshow-Series-Ghana Safety-and-Security-Business-Development-Mission-t
Insight to U.S. Roadshow Series:
Ghana
Bilateral Chamber Promotes
Safety and Security
Business Development
Insight-to-MENA-at-OTC
Insight to MENA at OTC
 
 
2014 December Program Highlights
                                     
2014-TEACH-Fellowship Insight-to-U.S.-Roadshow-Series-Ras-Al-Khaimah-(RA
2014 TEACH Fellowship Insight to U.S. Roadshow Series:
Ras Al Khaimah (RAK)
Free Trade Zone Authority
 
 Members in the News MENA Business News
                         
Webinar on Healthcare Opportunities in Egypt and the Levant
 
Bigger Industry-Insight-Series-MENA-Healthcare-Opp This complimentary webinar will feature U.S. Embassy-based healthcare industry specialists who will discuss opportunities in Egypt, Jordan, Israel & the West Bank. 

Wednesday, January 21, 2015
11:00am-12:00pm [Eastern Time]
 

 • Learn from U.S. government industry specialists about opportunities available for U.S. companies. You will have an opportunity to ask questions.

• Webinar is in support of the USDOC business development trade mission to Egypt, Jordan and Israel, with an optional stop in the West Bank to occur May 2015.

 
Learn More Register Now
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Bilateral Chamber partners with US-UAE Business Council to host
His Highness Sheikh Ahmad Bin Saqr Al Qasimi
BiggerSheikh-Saud-bin-Saqr-Al-Qasimi We invite you to mark your calendars for a luncheon program on February 11, 2015 featuring the Chairman of the Ras Al Khaimah Free Trade Zone, His Highness Sheikh Ahmad Bin Saqr Al Qasimi, and the CEO of Ras Al Khaimah Free Trade Zone, Mr. Peter J. Fort. This opportunity is brought to you in partnership with the U.S. - U.A.E. Business Council and the Greater Houston Partnership.

Bilateral Chamber members will be receiving formal invitations to participate.  
 
 
 
Insight to U.S. Roadshow Series: Ghana - Gateway to Africa
 
Bigger Insight-to-U.S.-Roadshow-Series-Ghana The Bilateral Chamber is pleased to announce Insight to U.S. Roadshow Series:Ghana. Scheduled to take place March 2-6, this multi-city program will feature Mrs. Mawuena Trebarh, CEO of the Ghana Investment Promotion Centre. Mrs. Trebarh is an excellent resource for companies looking to learn more about the opportunities that exist in one of Sub Saharan Africa’s most stable and rapidly growing economies. For further details, please click here, or send an email to lucy@bilateralchamber.org.
 
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Safety and Security Business Development Mission:
Morocco, Algeria, and Egypt
Bigger-Safety-and-Security-Business-Development-Mi On March 4-12, 2015, representatives from the United States Department of Commerce, International Trade Administration, will lead a Business Development Mission to Morocco, Algeria, and Egypt, with an optional stop in Lebanon. The purpose of this mission will be to aid U.S. firms with vested interests in the safety and security industry acquire and maintain new business relationships with their counterparts in the North Africa region. The mission will include one-to-one business appointments with pre-screened potential buyers, agents, distributors, and joint-venture partners, as well as meetings with state and local government officials and leaders within the Safety and Security Industry.

To learn more and apply, please contact Ms. Lucy Girgawy at lucy@bilateralchamber.org or +1-713- 880- 8168 or Ms. Ann Bacher, Regional Senior Commercial Officer, US Embassy, Cairo, Egypt at Ann.Bacher@trade.gov or +20-2-2797-2298
 
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Insight to MENA at OTC: 18th Annual Welcome Reception
 
Bigger-Insight-to-MENA-at-OTC As the must-attend business networking event during the week-long Offshore Technology Conference in Houston, TX, we invite you to mark your calendars for what is sure to be our grandest annual reception yet. On May 4, 2015, join U.S. and MENA oil and gas leadership, global energy executives and business delegations from across the MENA region as we honor the industry and the visionaries behind it during our 18th annual Insight to MENA at OTC Reception. We welcome you to a night of networking and substantive business exchange among industry peers as we continue in our tradition of forging long-lasting connections and affecting positive outcomes.
 
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Teachers Educating Across Cultures in Harmony (TEACH) 2014 Fellowship
 
Bigger 2014-TEACH-Fellowship In November 2014, the Bilateral Chamber led 11 U.S. educators from various U.S. states to the Kingdom of Bahrain and the State of Qatar for a 7-day cultural exchange and curriculum development mission. Among many other highlights, the Bilateral Chamber 2014 TEACH fellowship included visits to Al Khor International School, Fanar Islamic Center, Community College of Qatar, Gulf Petrochemical Industrial Corporation (GPIC), Bahrain Economic Development Board, American School of Doha, and Bahrain Science Center.
 
Learn More
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Insight to U.S. Roadshow Series:
Ras Al Khaimah (RAK) Free Trade Zone Authority
 
Bigger Insight-to-U.S.-Roadshow-Series-Ras-Al-Khai On December 10, 2014, the Bilateral Chamber organized a business roundtable with Peter J. Fort, CEO of the Ras Al Khaimah (RAK) Free Trade Zone Authority, one of UAE’s fastest growing free trade areas. As part of a week-long U.S. Roadshow itinerary covering the cities of Los Angeles, Houston and Dallas, Mr. Fort met with Houston business leaders to discuss the commercial opportunities in the Emirate of Ras Al Khaimah.  
 
Learn More
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Members in the News MENA Business News
Saudi-Aramco-Halts-Ras-Tanura-Clean-Fuels-Project
Saudi Aramco Halts Ras Tanura Clean Fuels Project
 
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Etihad-Names-Key-Long-Haul-Routes-for-First-Dreaml
Etihad Names Key Long-Haul Routes for First Dreamliner
 
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Chevron-Phillips-Chemical-Completes-Sale-of-its-Ry
Chevron Phillips Chemical Completes Sale of its Ryton ® PPS Business to Solvay
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RasGas-Delivers-1000th-LNG-Cargo
RasGas Delivers 1000th LNG Cargo
 
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ADNOC and Halliburton to Lead
2015 Dubai Big Data Summit
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AMECO Celebrates Grand Opening of its New Global Headquarters 
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2014 Year End
Highlights
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Agriculture

Abdulaziz Alsaghyir Holding Company Planning SAR 1 Billion Investments in Food Sector

Cairo Stops Subsidies to Farmers of Cotton, once Egypt's "White Gold"

Algeria Wheat Purchases Hit 900,000 Tons as It Seeks Quality Traders

Communication & IT

GCC Mobile Phone Rates “Among Most Affordable in the World”

Etisalat Spends AED 2.5 Billion on 4G 

Construction & Real Estate

Kuwait Real Estate Sales Increase by 111.2 Percent

Over 14,000 Buildings Under Construction in Dubai

UAE Real Estate Sector to Stay Attractive in 2015

Economy & Finance

Mohammed Bin Rashid Approves Dubai’s Budget for 2015

Dubai Says to Lift Spending 9% and End Deficit in 2015 Budget

Oman 2015 Budget Raises State Spending

Banque Du Caire Plans EGP2bn for Egypt’s Energy, Transport Sectors

UAE, Saudi and Egypt to top MENA M&As in 2015

Saudi Arabia to Create 300,000 Private Sector Jobs for Locals

Saudi Arabia Releases its 2015 National Budget

Education

11,000 Abu Dhabi Public School Teachers to Undergo Training

Prince Khaled Launches Smart Classes in KSA

Energy/Oil & Gas

Prudent Planning Means Qatar Well-Placed to Weather Energy Market Pressures

Stock News: Gulf Markets Extend Gains After Oil Edges Up 

UAE Energy Minister Says Oil Price Slump Will Help Boost Global Economic Growth

King Says Saudi Arabia to Deal with Oil Challenge with “Firm Will”

Healthcare

Hamad Medical Corporation Opens Dedicated Supportive and Palliative Care Unit at the National Center for Cancer Care and Research

Dubai Health Authority Initiates ‘ Residency Research Program’

Landmark Cardiac Surgery Done at Dubai Hospital

Bahrain Launches New Medical Plan for Expat Workers

Transportation

United States Preclearance at Abu Dhabi Airport Set to Operate for All US-Bound Flights

Over 200 Billion to Be Invested in GCC Rail Project

Oman Air Launches 259m Cost-Cutting Programme

Dubai to Get New Rail Transport

UAE’s Air Arabia buys 49% stake in Jordanian airline

Solar Impulse 2 Arrives in Abu Dhabi


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