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Saudi Deputy Crown Prince Mohammed Bin Salman
Visits White House to meet with President Trump |
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The Saudi government, in a statement provided Monday, said the Prince was eager to discuss "the strengthening of bilateral relations between the two countries and regional issues of mutual interest."
The United States exported just over $18 Billion to Saudi Arabia in 2016. |
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Latest United States Cabinet Confirmations
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The United States Senate Confirmed Wilbur L. Ross Jr. as the 39th U.S. Secretary of Commerce on Tuesday, February 28, 2017.
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The United States Senate Confirmed The Honorable Rick Perry as the 14th U.S. Secretary of Energy on Thursday, March 2, 2017.
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2016 Trade Data Released -
U.S. Still Enjoys Trade Surplus with Multiple MENA Countries |
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Recently released U.S. government data reports confirm that the $140 billion in total trade represents more than a $12 Billion United States trade surplus with MENA.
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U.S. & MENA Trade Summary Data
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- Total 2016 trade between the U.S. and MENA region reached $140 billion
- Transportation Equipment remains the top exported product from the U.S. to the MENA region, which reached $28,547,376,081, demonstrating a 7.94% increase from 2015.
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| U.S. & Middle East: Exports & Imports |
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Total exports from the U.S. to the Middle East reached $68,758,141,167
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Total imports to the U.S. from the Middle East totaled $56,570,117,274
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Oil & Gas top the list of imports from the Middle East to the U.S.
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U.S. & North Africa: Exports & Imports
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- Total exports from the U.S. to North Africa equaled $8,322,796,494
- Total imports to the U.S. from North Africa are approximated at $6,359,129,48
- Petroleum and Coal Products are the top imports from North Africa and are worth more than $1.1 Billion of trade
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The United States' Top 5 MENA Export Partners
(Click on each country to view complete report) |
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| United Arab Emirates |
$22,381,773,419 |
Saudi Arabia
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$18,022,555,232 |
Qatar
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$4,928,707,333 |
Egypt
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$3,506,519,976 |
Kuwait
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$3,296,076,800 |
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| Click here to access 2016 U.S.- MENA Trade Data, detailed by U.S. State |
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Upcoming Programs
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Partnership Insight Series: Middle East Heavy Oil Congress
April 11-12, 2017
Kingdom of Bahrain
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Hosted under the patronage of His Excellency Shaikh Mohammed bin Khalifa Al Khalifa, Minister of Oil, Kingdom of Bahrain and supported by the National Oil & Gas Authority, the 2nd Middle East Heavy Oil Congress will convene heavy oil professionals from across the globe to discuss the latest trends and commercial issues, and showcase new technologies through strategic and technical sessions focused on the upstream and downstream sectors of the heavy oil value chain.
The conference will feature sessions with over 50 prominent industry speakers and representatives from both the regional and international heavy oil community, providing a unique opportunity to gain insights into the industry’s entire value chain.
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Key participating companies include:
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20th Anniversary of Insight to MENA at OTC Welcome Reception
May 1, 2017
Houston, Texas |
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Expert Insights
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Department of Justice Releases New Guidance on
Compliance Programs
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Article Prepared By: 
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On February 8, 2017, the Fraud Section of the Department of Justice (“DOJ”) quietly published pointed and specific guidance on how it assesses – and intends to assess – compliance programs in a report titled “Evaluation of Corporate Compliance Programs” (the “Report”).
Much of the substantive guidance in the Report draws from pre-existing DOJ materials and is consistent with other well-known compliance guidance. The Report provides insight into the questions corporate counsel should expect from DOJ prosecutors during a criminal investigation and it highlights common indicators of a strong corporate culture of compliance… Continue Reading
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Immigration through Investment
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In recent weeks, the new U.S. government administration has made a number of changes and statements in regards to immigration. Most notable is the travel ban applied to nationals of seven specified countries.
While this executive order has caused significant concern among travelers and residents, it has since been clarified that green card holders and U.S. dual citizens are exempt from the ban. As noted by immigration law firm Foster Global: “The White House has issued a memorandum confirming that the order does not apply to U.S. Lawful Permanent Residents.” Most importantly, a green card as obtained through the U.S. EB-5 Immigrant Investor Program is the only truly permanent visa…. Continue Reading
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Program Highlights
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Leadership Insight Series:
2nd Annual U.S. Department of State Briefing
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On Wednesday, March 8, 2016, the Bilateral US-Arab Chamber of Commerce was pleased to host an exclusive roundtable briefing with the U.S. Department of State, focused on the future of OPEC and its effects on the global energy industry. With over twenty years of experience in the energy sector, Westerdale provided participants with his first-hand insights and perspectives on OPEC's current role, its future outlook, and its evolving influence on the international oil and gas sector, in light of a new U.S. administration.
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| News from the Embassy of the United Arab Emirates |
The Gulf States are Ready for Peaceful Coexistence:
Op-Ed by H.E. Yousef Al Otaiba, UAE Ambassador to the U.S. |
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