Dear Esteemed Members,

We are delighted to introduce Petra Messinger as the newest member of the AACC team, stepping into the role of Chief of Staff with a wealth of experience and enthusiasm and thereby replacing our highly valued and long-term staff member Mag. Leila Kaplan.

With a solid academic foundation, Petra holds master's degrees in economics from the Vienna University of Economics and Business and in International Security Politics from the University of Edinburgh. Her professional journey has seen her navigate during the past 8 years the complexities of global finance, supporting large Austrian Corporates during her time in Corporate Banking and most recently as the Business Line Audit Manager at BNP Paribas.

What sets Petra apart is her genuine interest in fostering connections between Austria and the Arab world. Her broad experience in the Middle East, including studying Arabic in Oman and visiting the majority of Arabic countries, have equipped her with a unique perspective and a passion for building bridges.

As Petra steps into her new role, she brings with her a fresh perspective and a dedication to driving collaboration and growth. Her appointment reflects our commitment to nurturing meaningful partnerships and creating opportunities for fruitful cooperation.

On behalf of the entire AACC team, please join me in extending a warm welcome to Petra Messinger. We look forward to the exciting journey ahead and the positive impact we'll make together.

With warm welcomes,

Dipl. Ing. Mouddar Khouja

(Secretary General AACC)

The Austro-Arab Chamber of Commerce (AACC) extends its regards and expresses its sympathies and concolences  to those affected by the devastating flooding in Libya after hurricane "Daniel", with more than 3000 victims feared dead and thousands being missed. 

In case of interest to support and offer humanitarian aid, please get in contact with AACC for further coordination with the related authorities. 

The Austro-Arab Chamber of Commerce (AACC) expresses its sincere concolences to the Moroccan people and all families of the victims hit by the devastating earthquakes from 9 & 10 September 2023. 

To support the victims and the work of the humanitarian organisations in the affected region with donations, AACC would like to share the contact and links to following  organisations:

• Austrian Red Cross (Österreichisches Rotes Kreuz), in cooperation with Moroccan Red Crescent, under the umbrella of International Federation of Red Cross and Red Crescent Societies:
  
  https://participate.roteskreuz...
  
  
• International Federation of Red Cross and Red Crescent Societies (IFRS):
  
  https://www.ifrc.org/article/m...

Source: Zia.Tak.

The Austro-Arab Chamber of Commerce expresses its sincere condolences to the families of those killed by the earthquake.

The inhabitants in the northern area of Syria are suffering from the damages of the devastating earthquakes that hit the region and parts of southern Turkey on February 6, 2023.

In Syria, more than 6.200(*) people have been reported dead so far, thousands were injured, while houses, buildings and the infrastructure were damaged or completely destroyed.

Hundreds of people are still missed, while rescue teams are trying to rescue those trapped under collapsed buildings. Thousands of residents who survived the catastrophe have nowhere to go and stay outside albeit the freezing cold, either because their homes have been destroyed or because they are afraid of further quakes.

Rescue teams and humanitarian organisations are trying to help finding victims under the rubble, and to provide assistance, equipment and aid for those being left without homes and shelter.

To support the victims and to provide them with food, clothes, shelter and medical aid, financial aid can be donated to the following humanitarian organization based in Austria with teams operating in the affected areas in Syria:

• Human Relief - Menschen Hilfswerk

Humanitarian organization based in Austria, awarded by the Austrian Fund with the Donation Seal of Approval (Spendengütesiegel), donations are tax-deductible!

For Online Donations: https://humanrelief.at/spenden/

IBAN: AT78 1200 0505 2897 4444

BIC/Swift: BKAUATWW

References: “Human Relief Syr.” / or /  “Tak.Syr.” / or / "IHR Syr."

Source: Zia.Tak.

(*) Last update on data: 14 February 2023

NEW SERVICE for Export Companies and Private Persons:

AACC ONE-STOP-SHOP

Your all-in-one solution for electronic notary services,
certifications and legalisations for all countries!

WOULD YOU LIKE TO HAVE THE POSSIBILITY OF ISSUING PERSONAL SIGNATURES BEFORE THE NOTARY CONVENIENTLY FROM HOME, OFFICE, OR ANYWHERE ELSE?

DO YOU WANT TO SAVE TIME, EFFORT AND ULTIMATELY COSTS ON YOUR CERTIFICATION PROCEDURES?

WOULD YOU LIKE AN ALL-IN-ONE SERVICE THAT HANDLES ALL THESE STEPS ON YOUR BEHALF?

Then you are at the right place - the Austro-Arab Chamber of Commerce (AACC) is honoured to announce that it now offers a one-stop shop service for notarisations and legalisations of personal and business documents!

Do you have documents that require a notarial attestation of signature, an apostille, a certification from the regional court, the Ministry of Foreign Affairs or an embassy? Instead of having to deal with all these costly and time-consuming bureaucratic procedures in separate steps, we offer a quick and efficient comprehensive solution for the necessary administrative procedures through our one-stop shop!

Do you need to submit your personal signature before a notary but have no time to go to the notary? No problem, with our unique service in cooperation with selected partner notary offices in Vienna, you can now do this from the comfort of your office, home, from abroad or during your business trip – basically wherever you are!

Our one-stop-shop offers spectacular advantages for companies and to private persons, especially those based in federal provinces outside the capital, but also to those in Vienna. Due to the central processing of documents in Vienna, we take care of handling the document flow across the relevant authorities for you, thus sparing you from having to deal with bureaucratic procedures while simultaneously accelerating the process significantly.

We at AACC are proud to be the first and only institution in Austria to offer this one-stop-shop service, available not only for documents pertaining to Arab countries, but also to all countries and authorities!

For any inquiries, please contact us by phone at 01 513 39 65 or by e-mail at headoffice@aacc.at, and we would be pleased to send you a non-binding cost estimate. We are happy to be at your disposal for processing your requests!

The Austro-Arab Chamber of Commerce (AACC)

Austro-Arab Economic Report 2021-22

Content: Information on the bilateral trade between Austria & Austrian Provinces and the Arab Countries in Arabic and English, and is available as a digital publication (December 2021)

Announcement shared by the Embassy of the Sultanate of Oman in Vienna

Oman Celebrates 51^st National Day of the Renaissance

Muscat, 17 Nov (ONA) --- The Sultanate of Oman will tomorrow (Thursday) mark the 51^st National Day of the Renaissance, the 18^th of November Anniversary. The event comes around at a time when Omanis ponder about the achievements made so far and brace for further accomplishments, with firm resolve, under the astute leadership of His Majesty Sultan Haitham Bin Tarik who pledged to hold high the banner of Renewed Renaissance, since he assumed power in the country on 11 January 2020.

The Renewed Renaissance kicked off on a high note when His Majesty Sultan Haitham Bin Tarik called upon the people of Oman to do their best to enrich domestic development and foster progress in all fields. This is considered one of the major principles of Renewed Renaissance in its quest to attain the supreme national objective of “making Oman the central point in all that we strive to achieve”—an objective whose salient features already materialized in terms of updated laws and refurbished programmes of action across all sectors.

In the beginning of this year, a Royal Decree No. 6/2021, promulgated the (updated) Basic Law of the State to serve as a basic pillar of continuous efforts to shape a better future for Oman and its citizens and to build a solid ground for their Renewed Renaissance.

The Basic Law of the State comprises 98 articles “enhancing the institutions of the State, safeguarding its territorial unity and its social texture, protecting its cultural foundations and consolidating public rights, liberties and duties”.

The Basic Law of the State lays down a stable mechanism of transfer of rule, which reflects positively on political and economic aspects and affirms the principle of sovereignty and independence of the judiciary. It also serves as a basis of rule in the State. It makes education compulsory till the end of the Basic Education stage. It establishes a scholarly method for thought, development of talents and encouragement of innovation—which all conform with Oman Vision 2040.

Articles (5) to (11) of the Basic Law of the State organize the mechanism of entitlement or succession to the throne in the Sultanate of Oman and makes it more clear and straightforward. Article (5) states that “The system of rule is sultani and hereditary within the male descendants of Sultan Turki bin Said bin Sultan, in accordance with the following terms: Rule is handed down from the Sultan to his eldest son, then to the eldest son of the son, and henceforth, layer by layer. If the eldest son dies before assuming power, the rule shall pass down to his eldest son. If the deceased has brothers and in case the one entitled to the throne has no sons, the power shall be transferred to his eldest brother. If he (the deceased) has no brothers, the power to rule shall be transferred to the eldest son of his eldest brother. If the latter has no sons, then the rule shall be transferred to the eldest nephew of his other brothers, in accordance with age of the brothers. If the one entitled to the throne has no brothers or nephews, the rule shall be transferred to the uncles and then to their sons in accordance with the sequence indicated in the Second Clause of this Article. It is a condition that the Crown Prince to assume power shall be a Muslim and the legitimate son of the Omani Muslim parents”.

Article (6) regulates the establishment of a Guardianship Council in case the power to rule is transferred to an heir aged below 21 years. The Guardianship Council exercises the powers of the Sultan provided the Sultan appoints prior to his death. If the Sultan does not appoint a Guardianship Council before he dies, then the Ruling Family’s Council appoints a Guardianship Council comprising one of the brothers of the Sultan and two of (his cousins) sons of his uncles”.

Article (7) provides for the appointment of a Crown Prince under a Royal order in accordance with stipulation of Article (5) of the Basic Law of the State. The Royal order defines the powers and prerogatives of the Crown Prince, as well as the tasks delegated to him. It states that the Crown Prince shall be sworn in before the Sultan before undertaking the powers and tasks delegated to him. The oath shall be taken in accordance with Article (10) of the Basic Law of the State”.

The Sultanate of Oman stands out for its exclusive practice of Shura-based democracy, set up on solid grounds emanating from Omani life realities. Shura practice evolved through various stages till it developed into present-day “Council of Oman”, with its bicameral chambers— the “State Council” and “Shura Council”. Each stage saw the addition of systems and laws that reinforce the tradition of Shura and respond to the expectations of citizens. To this effect, His Majesty Sultan Haitham Bin Tarik issued Royal Decree No. 7/2021 promulgating Council of Oman Law, which comprises 78 articles.

To contain coronavirus (Covid-19) that wreaked havoc in countries of the world, the Sultanate of Oman formed a Supreme Committee tasked with tackling developments resulting from coronavirus (Covid-19) pandemic. The Supreme Committee has been taking ‘moderate’ decisions and precautionary measures that ensure the safety of citizens and residents, while at the same time catering to social and economic implications on this benign land.

The Supreme Committee is responsible for cooperation with the departments concerned and regulating social response. It worked for the procurement of internationally approved vaccines and oversaw the implementation of a national immunization campaign. This was commended by His Majesty Sultan Haitham Bin Tarik when he chaired the Supreme Committee’s meeting on 18 August 2021 at Al Maamoura Palace in Salalah. His Majesty said that, “This improvement could not have happened had it not been for the appropriate decisions taken and the efforts exerted by the departments concerned in the Sultanate of Oman, albeit the health sector.” His Majesty the Sultan lauded the “high sense of responsibility shouldered by all members of society through abidance with the decisions and the measures set by the authorities concerned to safeguard public health—individuals and society at large”.

The decisions resulted in the improvement of Covid-19 indicators in the Sultanate of Oman, which, the reports said, registered great decline in mortality, infection and hospitalization rates, while recovery from the disease reached 98.5%.

Meanwhile, the government accorded special attention to the ensuing economic impacts of Covid-19. The decisions, which took into account the fallouts of the pandemic on establishments and companies, included exemption from fines of some services. Special exemptions were sanctioned to small and medium enterprises and holders of Riyada Card for Entrepreneurs. This is in addition to a package of incentives for borrowers, individuals, banking institutions, financing and leasing firms.

The designation of a Youth Day in Oman (26October) reflects the attention accorded to the young generation by His Majesty Sultan Haitham Bin Tarik. It asserts the leadership’s deep conviction in the potential of youth in promoting the country’s development. Speaking at a meeting of the Council of Ministers he chaired in October 2021, His Majesty the Sultan underscored the significance of devising a mechanism and for opening channels of communication with youth to explain all the requirements of the development process in all sectors. He gave directives to listen to youth and study their needs and aspirations. He also instructed governors and the authorities concerned to hold regular meetings with youth for this purpose. He advised the officials to raise issues of interest or concern to youth, listen to their opinions and help them perform the role expected of them in contributing to the comprehensive nation-building march.

Meanwhile, HH Sayyid Theyazin bin Haitham Al Said, who presided over the Youth Day celebration last October, said that the Ministry of Culture, Sports and Youth launched a smart portal supplied with the latest techniques that make it a prime website for talented youth, artists and innovators.

The attention accorded by His Majesty Sultan Haitham Bin Tarik to Youth is also reflected in the Royal support to employment initiatives, a set of which came around in May 2021, when coronavirus pandemic had its greatest toll on local and global economic conditions, leading to the shrinkage of the labour markets. The Royal attention resulted in the launch of an executive plan to provide more than 32,000 jobs.

His Majesty the Sultan also chaired a meeting of the Supervisory Committee of the National Employment Programme (NEP) on 5 July 2021. This placed employment in the realm of national priorities. His Majesty the Sultan reiterated the importance of the NEP when he presided over a Council of Ministers on 15 June 2021, during which he gave directives for “devising suitable solutions to provide jobs in all departments of the State (the public sector) and private sector firms, provide analysis of jobseekers' data and follow them up until they join the labour market”.

Omani women’s affairs take centre stage in the Renewed Renaissance thought of His Majesty Sultan Haitham Bin Tarik, who has been keen that women enjoy their rights guaranteed by law and operate alongside men in different fields of national service. Attention to women is one of the “national fundamentals” of the country.

On the occasion of the International Women’s Day, celebrated last March, Her Highness The Honourable Lady Assayida Ahd Abdullah Hamed Al Busaidi, Spouse of the Sultan of Oman, commended the great efforts exerted by women in Oman and the rest of the world while building their nations, supporting their families and societies and contributing effectively to the management of human and global issues.”

HH The Honourable Lady addressed women on Omani Women’s Day this year. She said, “On the occasion of Omani Women’s Day, the 17th of October, we would like to express thanks and appreciation for every woman who advocates good deeds and elevates the values of tolerance, amity and benevolence. Our greetings go to every woman who contributes to building this dear country from her position as an active participant delivering her social, national and humanitarian duties in all fields."

To mark the same occasion, HH Sayyid Theyazin bin Haitham Al Said, Minister of Culture, Sports and Youth issued a ministerial decision announcing the establishment of Omani Women’s Sports and Cultural Innovation Club. The move comes in implementation of the basic principles espoused by the Sultanate of Oman in the field of women’s empowerment. It is a symbolic gesture to promote women’s contribution to domestic development and to promote their role in sports and cultural fields.

Oman has been endowed with many bounties and a loyal people bound by bonds of love, collaboration and solidarity. This became crystal clear through public support to the efforts exerted by the government of His Majesty Sultan Haitham Bin Tarik in the aftermath of the recent tropical cyclone /Shaheen/ that made landfall in Oman on 3 October 2021. His Majesty the Sultan’s response was prompt. He gave orders to form a ministerial committee for the assessment of the damage incurred to citizens’ homes and properties in the governorates that took the brunt of the cyclone. The aim was to provide quick relief to the families and alleviate the impacts of the tropical condition.

Speaking on this occasion last October, His Majesty the Sultan affirmed that “the restoration of normalcy to public life and the supply of basic life needs to citizens tops our priorities” and he reiterated that “the ministerial committee comes under our direct supervision” and he pledged that he would follow up the tasks and achievements of the committee to ensure that the panel provides assistance as soon as possible.

This Royal response reflected positively through the persistent action undertaken by the ministerial committee in cooperation with sectors of the National Committee for Emergency Management (NCEM). As a result, the majority of services were restored at a rate of 100%. Tenders were awarded for the maintenance of damaged roads and for building as many as 328 alternative houses for afflicted citizens. In the process, His Majesty the Sultan also gave orders to establish a National Fund for Management of Emergencies to address the aftermath of the recent cyclone and natural disasters that might happen in the future.

Nations attain their prime only through education, and this has been a principle espoused by Omanis since the outset of their blessed renaissance 50 years ago. His Majesty Sultan Haitham Bin Tarik stressed that “attention to education figures high in the scale of national priorities”. Accordingly, a motivating environment has been furnished for supporting the march of research and innovation. This translates into the allocation of a ministry mandated with higher education, research and innovation and the establishment of the University of Technology and Applied Sciences, with branches in governorates of the Sultanate of Oman.

The university’s articles of association were issued in June 2021. In the same month, the Council of Ministers approved the setting up of a branch for the university in the Governorate of Musandam. It comprises a number of specializations reflecting the Royal attention towards the development of the governorate and the realization of sustainable, comprehensive development there.

In the same context, the College of Duqm was established in September 2021 in the Governorate of Al Wusta at the Special Economic Zone in Duqm. The university is governed by the laws regulating universities and colleges in the Sultanate of Oman and the hopes attached on the National Research and Development Strategy 2040 in line with Oman Vision 2040.

Royal directives to set up six schools to the tune of RO 8,850,000 will raise the number of scholarly institutions to 2,430 schools, 11 government and private universities and 18 private colleges.

Under its Renewed Renaissance, Oman continued to accord attention to environment protection, both at the local and global levels. To this effect, His Majesty Sultan Haitham Bin Tarik issued a Royal Decree last August (2021) to establish the Khor Kharfout Nature Reserve in the Governorate of Dhofar, taking the number of such sanctuaries to 21. The Sultanate of Oman also ratified many international agreements related to the environment protection and legislations for the same purpose at the local level.

The decline and fluctuation in oil prices and precautionary measures to address the impacts of Covid-19 affected the economies of many countries of the world. Since Oman is not isolated from the global community, it had to take measures to address the situation. These included the initiation of a medium-term Fiscal Balance Plan (2020-2023). Last April (2021), His Majesty the Sultan chaired a meeting of the main committee tasked with the National Programme for Fiscal Balance to follow up the progress of the programme in its second year. The programme was designed to bring down the general debt and to secure financial sustainability.

His Majesty the Sultan endorsed the initiatives submitted by the departments concerned in a bid to develop the schema of social protection. This affirms His Majesty the Sultan’s follow-up of the conditions of citizens to ensure the sustenance of decent livelihood for them and to alleviate the fallouts of this challenging stage.

The 10^th Five-Year Plan (2021-2025), the first leg in the executive plan of Oman Vision 2040, which is based on four axes comprising 14 ‘national priorities’, 88 ‘strategic goals’ and 68 performance indicators.

The Tenth Five-year Plan seeks to achieve a number of goals, among them “activating the economy, upgrading the efficiency of management of public finance, realizing balance among measures for rationalization of public spending, espousing disciplined financial expansion policies, accelerating the rate of implementation of major strategic projects and government-private partnership projects, attracting more direct foreign investments, visualizing growth trends based on expected oil price rate of $48 per barrel during years of the plan and enhancing governorates’ participation in achieving goals of Oman Vision 2040”.

The plan targets average annual growth of 3.2% in the Gross Domestic Product (GDP) through emphasis on promising economic sectors like converting industries of high technological content, agriculture, fisheries, fish farming, food and agriculture industrialization, transport, warehousing and logistics.

Total estimated revenues of the State Budget 2021 stood at RO 8.64 billion calculated on the basis of oil price rate of $45.

The Governorates Development Programme, which emerged in implementation of Royal directives, will allocate RO 10 million to each governorate during the period of the Tenth Five-Year Plan (2021-2025)—at a rate of RO 2 million a year. The programme envisages the execution of 28 strategic programmes and it will contribute to the goals of Oman Vision 2040.

The Economic Stimulus Plan (ESP), endorsed by the Council of Ministers in March 2021 is based on five axes comprising incentives on taxes, fees and incentives for the improvement of the business and investment climate, incentives for small and medium enterprises, incentives for the labour market and recruitment, banking incentives aimed to rally efforts for the alleviation of Covid-19 impacts on the national economy and other incentives to promote economic recovery, back up economic activities and attract foreign investments.

These financial procedures, topped by the medium-term Fiscal Balance Plan, showed positive results, as Oman registered growth in total revenues by 22.6% and a 58% decline in deficit by the end of September 2021.

The International Monetary Fund (IMF) expected in a report issued in September 2021 that economic activities in the Sultanate of Oman will recover and that Oman will achieve 2.5% GDP growth in 2021 and 4.2% growth by 2023. The IMF also commended the measures undertaken by Oman while addressing the fallouts of Covid-19, as well as the country’s fiscal discipline and enhancement of business environment and support for stricken economic sectors.

The measures undertaken by Oman improved its credit rating in various agencies, including Moody’s, which amended the Sultanate of Oman’s rating from “negative” to “stable” in October 2021 (according it 3Ba rating). Moody’s expected that public debt in Oman vis-à-vis the GDP will decline from 80% in 2020 to 60% in 2024, as well as the decline of the annual government funding needs to GDP from 22% in 202 to 10%. Standard and Poor’s also amended its future outlook for Oman from “stable” to “positive”.

Meanwhile, Fitch pointed out last May that the Fiscal Plan contributed to the improvement of scenarios for Oman’s financial position and expected a 6.1% decline of Budget deficit to GDP this year (2021).  It also expected a 3.3% economic growth for Oman by next year (2022).

The government of His Majesty Sultan Haitham Bin Tarik created an investment-encouraging environment through legislations, ports, free zones and logistics, coupled with a unique strategic location in the meeting point of global commercial markets, political stability and security.

The ports of Duqm, Salalah and Sohar boast a range of advanced facilities that enabled them to achieve quick finalization of tasks and cut the distance between world ports. This is in addition to the free zones in Duqm, Al Mazyouna, Salalah and Sohar and upcoming Khazaen hub in the Governorate of South Al Batinah. Investment incentives like tax exemptions extending to more than 30 years and foreigners’ 100% ownership of properties, among other incentives, add another fillip to the Oman’s position.

The political and regional changes that happened during the Renewed Renaissance period proved that the Sultanate of Oman’s foreign policy stands on firm grounds. Oman advocates principles of non-interference in the internal affairs of other countries, positive contribution to safeguarding international security, promoting common public interest through dialogue and understanding among countries and nations.

These principles were affirmed by Oman before the 76^th UN General Assembly in New York last September. “Under the wise leadership of His Majesty Sultan Haitham Bin Tarik, the Sultanate of Oman pursues its commitment to the basic fundamentals of its foreign policy embodied in good neighbourliness, non-interference in the internal affairs of other countries, respect for international law and international charters and support for cooperation among countries. Oman considers the settlement of disputes by peaceful means and through harmony and tolerance as a civilized conduct that leads to better and more lasting results than disputes can achieve”.

Oman’s persistent strive to serve global peace stem from its support for many initiatives and issues, like its backing to the positive developments emanating from Al Ula Summit in the Kingdom of Saudi Arabia. Oman hailed the success of the efforts of reconciliation led by the State of Kuwait. In international podiums, Oman continued to reiterate the legitimacy of the Palestinian cause and the demands of Palestinian people. It also supported the settlement of the Yemeni issue through comprehensive political settlement, working in line with initiatives of Saudi Arabia and the UN and US envoys. This is besides Oman’s stand for peaceful handling of the Iranian nuclear file and Oman’s continuous condemnation of all types of terrorism.

Under the wise leadership of His Majesty Sultan Haitham Bin Tarik, the Sultanate of Oman adhered to commitment to truthfulness and objectivity through its political stands enhanced by its original values of moderateness.

His Majesty the Sultan’s visit to the Kingdom of Saudi Arabia in July 2021 and his meeting with King Salman bin Abdulaziz Al Saud is a strong evidence about the deep-rooted relations between the two countries. This first visit of its kind culminated in the establishment of the Omani-Saudi Coordination Council and opened wide vistas of cooperation among the two countries in different fields, particularly economic areas.

The Sultan’s Armed Forces (SAF) and other security and military departments earned the attention of His Majesty Sultan Haitham Bin Tarik, the Supreme Commander. The development of the SAF covered all aspects due to their tangible role in defending this nation, protecting its territories and safeguarding its gains. This Royal attention was symbolically demonstrated by the visits of His Majesty the Sultan to the 11th Infantry Brigade’s command, Thumrait Airbase, the Royal Navy of Oman and the Sultan’s Special Force. The SAF saw major growth in all its military and technical sectors “so that these sectors could continue to be the strong bastions that defend and protect all territories of the country from end to end.”

National days of countries constitute symbols of pride and dignity. In Oman, they are moments of contemplation in the past and the future of the country, a time to remember the Founder of Modern Oman and its Blessed Renaissance, the late Sultan Qaboos Bin Said Bin Taimour. His memory pulsates in the heart of every Omani, man and woman, who incessantly pray for him in gratitude for his good deeds for the nation and its loyal people over 50 years. The achievements made by the late Sultan Qaboos are stark and manifest in every sphere of life. He sowed and cultivated true faith in the people. From our past experiences, we have to derive new, strong will and firm resolve to work in full cooperation and collaboration—rallying our resources and energies and exhibiting self-denial in performing our duty in a manner that facilitates all difficulties and overcomes all challenges as we embark on accomplishing our national missions for the good of Oman and its noble people.

AACC is pleased to announce that the registration is open now to participate in the 12th Arab-Austrian Economic Forum - Online Edition taking place online on Wednesday, 20 October 2021, from 10:00-16:00 Vienna time (CEST), organised by AACC in cooperation with the distinguished Embassy of the Arab Republic of Egypt in Vienna and the Union of Arab Chambers (UAC).

REGISTER HERE

Introduction and focus:

The Arab Republic of Egypt is Africa’s second largest economy and a gateway to both: the African continent and the Arab Region. As a result of extensive administrative and economic reforms, the Egyptian economy has proven resilient and allowed the country to enter the global COVID-19 crisis with improving fiscal and external accounts. Although the impact of the pandemic has also hit the Egyptian economy and especially its important tourism sector, Egypt is expected to be one of the few countries with economic growth, with an estimated GDP growth of (+) 3.3% in 2019/20.
 
This Forum is aimed at presenting an insight into the country’s economic landscape and development and providing an outlook on investment opportunities and potentials with special focus on Econmy & Investment, Transport and Tourism. Featuring high-level representatives on Ministerial and Official levels, the Forum seeks to further discuss scopes of cooperation and potential partnerships for Austrian, Egyptian and International Businesses.

Preliminary Programme:*
 
Wednesday, 20 October 2021
 
10:00 – 10:30 | WELCOME & OPENING REMARKS
 

• H.E. Senator Dr. Richard Schenz, President of the Austro-Arab Chamber of Commerce (AACC)
• H.E. Dr. Margarete Schramböck, Federal Minister for Digital and Economic Affairs of the Republic of Austria 
• H.E. Dr. Hala Elsaid, Minister of Planning & Economic Development of the Arab Republic of Egypt 
• H.E. Mr. Yehia Zaki, Chairman of the Suez Canal Economic Zone, Egypt
• H.E. Mr. Mohamed Hamdy M. Elmolla, Ambassador of the Arab Republic of Egypt to Austria 
• H.E. Dr. Georg Stillfried, Ambassador of the Republic of Austria to Egypt 
• H.E. Dr. Khaled Hanafy, Secretary-General of the Union of Arab Chambers 

• Moderator: DI. Mouddar Khouja, Secretary General, Austro-Arab Chamber of Commerce

10:30 – 11:30 | SESSION I: Landscape of Egyptian Economy
 

With its “Vision 2030” launched in 2016, Egypt has put its national agenda and strategy towards sustainable development in economic, social and environmental dimensions. As part of this vision, Egypt has decided to fund new mega-projects countrywide, including the building of new cities and a new administrative capital. This session provides an overview on Egypt’s economic situation and landscape, key sectors for investment such as energy, clothing and textile industry, furniture, and petrochemicals, as well as the development strategies for the industrial and services sectors. Furthermore, the incentives offered for new investors in general and within the Free Economic Zones, and the possible collaboration with the New Sovereign Fund of Egypt (TSFE).

• KEY NOTE: Dr. Nada Massoud, Economic Advisor to the Minister of Planning & Economic Development of the Arab Republic of Egypt 
• Mr. Ayman Soliman, CEO, The Sovereign Fund of Egypt
  
• Mr. Amr Nour El-Din, Advisor to the CEO of the General Authority for Investment and Free Zones (GAFI), Egypt 
• Rear Admiral (ret.) Mr. Mohamed Abdel Aziz, Advisor of Ports Affairs at Suez Canal Economic Zone
• Dr. Bassel El Khatib, Director & UNIDO Representative of the Regional Hub in Egypt, Representative, United Nations Industrial Development Organisation 
• General Mr. Mohamed Fadel El Zallat, Chairman, Industrial Development Authority, Egypt
• Dr. Ahmed Maghawry Diab, First Undersecretary, Head of Egyptian Commercial Service, Ministry of Trade and Industry
• Q & A
• Moderator: Ms. Hanan Hanzaz, Chief of Regional Coordination Division, Arab Region – UNIDO 

11:30 – 12:00 | Testimonials & Promotional Presentations

• Testimonial: Mr. Emad Taymour, Businessman, Head of the Egyptian side of the Egyptian-Austrian Business Council
• Video presentation: General Authority for Investment and Free Zones (GAFI)
• Video presentation: Suez Canal Economic Zone
• Video presentation: Industrial Development Authority Egypt

12:00 – 13:00 | LUNCH BREAK

13:00 – 14:00 | SESSION II: Focus on Transport

The building of the Cairo-Cape Town railway line is a huge step taken by the Egyptian government, aiming to boost connectivity in Africa through infrastructure, and to connect Egypt with other African countries. This session will introduce the biggest railway plans and projects in Egypt, and potentials for international partnerships and cooperation in Egypt’s railway sector.

• KEY NOTE: Mr. Wael Naem, Assistant Minister of Transport of the Arab Republic of Egypt for Investment and External Finance 
• Mag. Georg Krenn, Head of Advantage Austria Cairo/ Austrian Commercial Counsellor for Egypt, Libya and Sudan 
• Mr. Christoph Götz, CEO Turnkey, Siemens Mobility
• Mr. Wolfgang Rautner, Sales Manager, Plasser & Theurer 
• Q & A
• Moderator: H.E. Dr. Khaled Hanafy, Secretary-General of the Union of Arab Chambers

14:00 – 14:15 |SHORT BREAK / Video Presentation

• Egypt tourism promotion video

14:15 – 15:30 | SESSION III: Focus on Tourism

In the tourism sector, the Egyptian government agreed to launch a new tourism campaign to promote the country’s various touristic highlights for both, national and international visitors. Besides its historical antiquities, heritage and cultural sites, Egypt has a lot to offer as a tourist destination. This session will highlight national tourism strategies, plans, projects and areas, including recreational and medical tourism.

• KEY NOTE: H.E. Dr. Khaled El-Enany, Minister of Tourism and Antiquities of the Arab Republic of Egypt 
• H.E. General Mr. Amr Hanafy, Governor of the Red Sea, Arab Republic of Egypt 
• H.E. Ms. Ghada Samir Shalaby, Vice-Minister of Tourism and Antiquities of the Arab Republic of Egypt
• Mag. Eva Buzzi, President Austrian Travel Association / Österreichischer ReiseVerband (ÖRV)
• Mr. Hesham Anis, District Manager Austria & Central Europe, Egyptair Airlines
• Q & A
• Moderator: DI Mouddar Khouja, Secretary General, Austro-Arab Chamber of Commerce

15:30 – 15:45 | CONCLUDING REMARKS

*Program can be subject to change, last update 19 October 2021

AACC is pleased to invite you to its 12th Arab-Austrian Economic Forum - Online Edition, taking place online via Zoom Events on Wednesday, 20 October 2021, from 10:00-16:00 Vienna time (CEST), organised by AACC in cooperation with the distinguished Embassy of the Arab Republic of Egypt in Vienna and the Union of Arab Chambers (UAC).

This year's forum will feature the Arab Republic of Egypt as the guest country and will focus on energy, railway and tourism, while presenting an insight into the country’s economic landscape and development and highlighting the most prominent investment the country has to offer.

Featuring high-level representatives on ministerial and official levels, the Forum seeks to further discuss scopes of cooperation and potential partnerships for Austrian and international businesspersons.

In this regard, AACC is honoured to announce the confirmed partipation of H.E. Dr. Margarete Schramböck, Federal Minister for Digital and Economic Affairs of the Republic of Austria, H.E. Dr. Hala Elsaid, Minister of Planning & Economic Development of the Arab Republic of Egypt, and H.E. Dr. Khaled El-Enany, Minister of Tourism and Antiquities of the Arab Republic of Egypt.

Please save the date in your calendar, detailled programme and registration link will be provided soon.

AACC is pleased to announce the upcoming webinar "100% Foreign Ownership in the UAE:  New Environment for Foreign Direct Investment on the Eve of Expo 2020", taking place on Tuesday, 14 September 2021, 12:00-13:30 Vienna time (CEST) / 14:00-15:30 UAE time (GST), and organised by AACC in cooperation with the esteemed Embassy of the United Arab Emirates in Vienna and Crowe UAE.

Please save the date in your calendar and kindly register via the following link:
 

REGISTRATION LINK

Celebration of the Enthronement Day on July 30th 2021

Announcement by the Embassy of the Kingdom of Morocco in Vienna

On Friday, July 30^th  2021, the Kingdom of Morocco will celebrate the 22^nd anniversary of the enthronement of His Majesty King Mohammed VI.

Due to the Covid-19 pandemic unprecedented situation, the festivities marking this event were postponed in Morocco.

In this challenging time and situation, it is also difficult for the Embassy of the Kingdom of Morocco in Vienna to organize, as it used to do, the annual reception for the celebration of the accession of His Majesty King Mohammed VI to the Throne of His glorious ancestors. 

AACC is pleased to share a commemorative message by His Excellency Ambassador and Permanent Representative Mr. Azzeddine Farhane, on the occasion of the celebration by the kingdom of Morocco of the 22^nd anniversary of the enthronement of His Majesty King Mohammed VI.

To read the commemorative statement, please click here.

In addition, we are pleased to share the following links:

• WeTransfer link to a recording of national anthem arranged and performed by the pianist Marouan Benabdellah and  to a documentary about Morocco’s response to Covid-19: https://we.tl/t-fmHiNXGlRq
   
• Corporate video about investment in Morocco:  https://www.youtube.com/watch?v=p6dAOmN0zdg

Year of the UAE 50th Anniversary - 2021

Presentation by the Embassy of the United Arab Emirates in Vienna
 

H.H. Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE announced 2021, as the ‘Year of the 50th’ to commemorate 50 years of  the UAE’s formation in 1971.  From 6 April 2021 until 31 March 2022, the UAE will celebrate its remarkable journey over the last 50 years and begin preparing for the next 50.

To open the presentation, please click here or on the image below: 

AACC is pleased to invite you to the upcoming webinar "Adjusting to 'New Normal' in Healthcare and Education & ICT Sectors in Austria & the UAE", organised by the Austro-Arab Chamber of Commerce in cooperation with Sharjah Chamber of Commerce & Industry, on Thursday, 1 July 2021, 10 AM - 12 PM Vienna time (CEST) / 12 PM - 2 PM UAE time (GST).

Program:

Thursday, 1 July 2021 

Welcome Session | 10:00 - 10:15 Vienna time / 12:00 - 12:15 UAE time

• H.E. Senator Dr. Richard Schenz, President of the Austro-Arab Chamber of Commerce & Vice President of the Austrian Federal Economic Chamber
• H.E. Mr. Abdullah Sultan Al-Owais, Chairman of Sharjah Chamber of Commerce & Industry
• H.E. Mr. Ibrahim Al-Musharrakh, Ambassador of the United Arab Emirates to Austria

Moderator: Eng. Mouddar Khouja, Secretary-General of the Austro-Arab Chamber of Commerce 

First Session | 10:15- 11:00 Vienna time / 12:15 - 13:00 UAE time
Expert Talk on Healthcare: (Better health for better business)

• H.E. Dr. Abdelaziz Saeed Bin Butti Almheiri, Director of Sharjah Health Authority 
• Prof. Dr. Josef Penninger, World-leading geneticist & molecular immunologists
• Prim. Univ. Doz. Dr. Christoph Wenisch, Head of the Department of Internal Medicine, Infectious Deceases and Tropical Medicine, Klinik Favoriten, Wiener Gesundheitsverbund

Moderator: Eng. Mouddar Khouja, Secretary-General of the Austro-Arab Chamber of Commerce 

Second Session | 11:00- 11:45 Vienna time / 13:00 - 13:45 UAE time
Expert Talk on Education & New technologies: (Learning through the pandemic)

• Prof. Dr. Thomas Strasser,Professor of Technology-Enhanced Learning & Teaching at Vienna University College of Teacher Education (PH Wien)
• Prof. Esam Agamy, Dean of Quality Assurance, Institutional Effectiveness and Accreditation at  the University of Sharjah 
• Mr. Robin Heilig, City of Vienna, CIO Office, “Strategic Digitization of Public Administration
• Mr. Stan Brackman, Director, Strategic Planning  and Excellence at  Sharjah Private Education Authority 

Moderator: Mrs. Mai Bin Haddah, International Partnerships Executive, Sharjah Chamber of Commerce & Industry

Company Presentation: APEIRON-Biologics, presented by CEO Mr. Peter Llewellyn-Davies | 11:45- 12:00 Vienna time / 13:45 - 14:00 UAE time

>>REGISTER HERE<<

SAVE-THE-DATE: 

Online Webinar "Adjusting to the 'New Normal' in Education and Healthcare Sectors 

in Austria and the UAE"

Thursday, 1 July 2021 
12 PM - 2 PM UAE time (GST)
10 AM - 12 PM Vienna time (CEST)

Official Invitation and registration link to follow soon

INVITATION:

"Meet Their Excellencies the Arab Ambassadors to Austria"

Online Webinar

Tuesday, 22 June 2021
10 AM - 4 PM CEST
(preliminary end according to registered speakers)

The Austro-Arab Chamber of Commerce is pleased to invite you to its upcoming online webinar "Meet T.E. the Arab Ambassadors to Austria", jointly organised by AACC in cooperation with the Arab Ambassadors Council in Vienna and the League of Arab States.

Introduction and background:

Much has changed since the COVID-19 outbreak in the first quarter of 2020. The pandemic has immensely affected almost every aspect of our lives, as it laid its heavy toll on healthcare systems and economies. This situation has brought along many challenges and impediments, thus imposing new dynamics and demanding a re-structuring of priorities and tailor-made policies designed by decision-makers to respond to the ever-changing situation on the ground.

In light of these circumstances and changes, to which Arab countries were no exception, the Austro-Arab Chamber of Commerce (AACC) is pleased to organise, in cooperation with the Mission of the League of Arab States and the Arab embassies in Vienna, an online forum featuring their Excellencies the Ambassadors of Arab countries to Austria.

This forum shall serve as a unique opportunity to meet the distinguished Ambassadors online and learn from their multi-faceted diplomatic expertise.

Focus:

• A general overview of the most recent developments & visions of the respective countries
• The current situation in light of COVID-19
• An economic outlook

Set-up:

• Online Forum via Zoom, organised by AACC
• A 20-minute-presentation followed by Q&A
• Language: English             

Agenda (as of 16 June 2021):

>>REGISTRATION LINK<<

Last update: 17 June 2021

The Austro-Arab Chamber of Commerce presents its compliments and is honoured to convey an update regarding legalization of Austrian export documents for the Sultanate of Oman as follows:

After intensive discussions with the embassy of the Sultanate of Oman in Vienna and the Austrian Federal Ministry for European and International Affairs (BMEIA), AACC was able to ensure that all documents intended for export, in particular certificates of origin and invoices, must meet the following requirements:

• Signature of the locally responsible chamber of commerce (depending on the Austrian federal state)
• Attestation by AACC
• Attestation by the embassy of the Sultanate of Oman in Vienna

The following applies to health certificates issued by an unofficial body:

• Attestation by the responsible office of the state government (depending on the Austrian federal state)
• Signature of the locally responsible chamber of commerce (depending on the Austrian federal state)
• Attestation by the Austrian Federal Ministry for Social Affairs, Health, Care and Consumer Protection
• Attestation by AACC
• Attestation by the embassy of the Sultanate of Oman in Vienna

An attestation of the documents by the Austrian Federal Ministry for European and International Affairs (BMEIA) is not required.

Status of information: 7th April 2021, data subject to change.

Invitation:

GCC Webinar: UAE & Qatar - New opportunities and considerations for MNCs

Date: 8 April 2021
Time: 10:00 am Austrian time / 11:00 am Qatar time / 12:00 noon UAE time

Introduction:
 
On 5 January 2021, the Al Ula Declaration (the “Declaration”) was signed with Qatar during the 41st Gulf Cooperation Council Summit at Al-Ula in Saudi Arabia. Following this historic summit, a new chapter is opened for the re-establishment of Qatari-Emirati affairs, boosting new potential for bilateral economic relations for multinational companies (MNCs) in the GCC.
 
This webinar seeks to discuss and shed light on the opportunities for MNCs to utilize their presence in the UAE in relation with their Qatar-affiliated companies, including tax and legal compliance considerations.
 
Date: 8 April 2021
Time: 10:00 am Austrian time / 11:00 am Qatar time / 12:00 noon UAE time
 
Agenda: 

• Pre - 2017 - History of relations by DI Mouddar Khouja
• Post Declaration - Outlook for business climate by DI Mouddar Khouja
• Key considerations - Doing business in the UAE & Qatar by Mr. Markus Susilo & Mr. Michel Ruitenberg

REGISTER

The Austro-Arab Chamber of Commerce is pleased to share a fact sheet (English / Arabic) on the upcoming "Expo Dubai 2020", kindly provided by the esteemed embassy of the United Arab Emirates in Vienna. 

• Fact Sheet Expo Dubai 2020 / English
• Fact Sheet Expo Dubai 2020 / Arabic

Further details and information on the official website of Expo Dubai 2020: 
 

https://www.expo2020dubai.com/en

The Austro-Arab Chamber of Commerce, in collaboration with the Embassy of the United Arab Emirates in Vienna and Sharjah Investment and Development Authority (Shurooq) is honoured to invite you to the upcoming Webinar "Sharjah - Austria Business Forum. Business Opportunities for Austrian companies in Sharjah". 

The Forum is aimed at  presenting and promoting Sharjah’s investment opportunities for Austrian and international investors and companies.

The Webinar is held on Wednesday, 18 November 2020, at 10 AM (Austria time) / 1 PM (UAE time) via Zoom Virtual Meeting Platfrom. 

The distinguished speakers are:

• H.E. Ibrahim Al Musharrakh
  Ambassador of the United Arab Emirates to Austria
• H.E. Marwan Jasim Al Sarkal
  Executive Chairman of Sharjah Investment and Development Authority (Shurooq)
• H.E. Dr. Khalid Omar Al Midfa
  Chairman of Sharjah Media City Free Zone
• H.E. Waleed Abdel Rahman BuKhatir
  Second Vice Chairman, Sharjah Chamber of Commerce & Industry
• Mr. Richard Bandera
  Austrian Commercial Counsellor, Austrian Embassy - Commercial Section (ADVANTAGE Austria)
• Eng. Mouddar Khouja
  Secretary General, Austro-Arab Chamber of Commerce
• Mr. Mohamed Juma Al Musharrakh
  Chief Executive Officer of Sharjah FDI Office (Invest in Sharjah)
• Mr. Larry Burke
  Managing Director Sales & Marketing Middle East, Unger Steel Middle East FZE
• Mr. Werner Baumgartner
  Chairman of the Board, Austrian Business Council, Moderator

Participation is free of charge for AACC members and affiliates.

Link: http://bit.ly/iis-webinar-nov18

Webinar ID: 977 3270 2131 

Vienna target of terrorist attack

Austria's capital Vienna was the target of a terrorist attack Monday evening. For many decades Vienna was considered one of the safest cities in the world. Monday evening however, a heavily armed terrorist shot at people. So far, 4 dead and 17 injured have been reported.

The Austro-Arab Chamber of Commerce is deeply shocked and concerned, our thoughts and prayers are with the victims and their families, as well as with the Viennese people and everyone who is living and working peacefully in this country.

Our gratitude  goes to the emergency rescue workers, doctors, courageous civilians and the security authorities, who have been striving to prevent more injuries or deaths by working tirelessly, very professionally and in a goal-oriented manner, and are still doing so by taking control of the situation.

At the same time, representatives of civil society, professional counselors, religious representatives and psychiatrists can all contribute to alleviating the situation and counteract attempts to drive a wedge between our societies and cultures.

We hope that we will emerge from these terrible attacks united and strengthened, and strongly believe that cohesion and solidarity in Austrian society will solidify in people's hearts, and that there will be no place for terror and hatred.

The late prince was a leader and politician of exceptional leadership, wisdom, contribution and devotion to his country, as well as a mediator for peace and reconciliation, leaving behind a great impact and legacy regionally and internationally.

On this sad occasion, the Austro-Arab Chamber of Commerce extends its sincerest condolences to His Highness Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah and to the people of Kuwait and the Arab nation.

>> Click on the image below to view the video of Beirut Chamber Initiative: <<

Based on the horror of the disaster that befell Lebanon and its people, due to the catastrophic explosion that struck the port of Beirut and caused severe damage to properties and institutions, the AACC is pleased to support the following two aid initiatives:

Beirut Chamber Initiative
supported by Union of Arab Chambers, AACC et al

The Union of Arab Chambers, together with Arab Chambers, Federations of Arab Chambers & the Arab-Foreign Joint Chambers such as AACC, is calling to support the initiative launched by the Chamber of Beirut and Mount Lebanon, which aims to assist small and medium enterprises affected by the catastrophic explosion.

The initiative targets to restore institutions (shops, restaurants, touristestablishments, etc.) in addition to providing some direct financial aid. The Chamber of Beirut and Mount Lebanon announced that the mechanism to be implemented will be transparent, as all information related to the initiative and all operations, especially the donors, the quantities it provides and how to use it, will be published along with pictures on the Chamber's website.

For more information, you can contact “Chamber of Beirut and Mount Lebanon” on the following:
Callcenter: 1314 or 961 1 353390
Phone: +961 1 353190
Fax: +961 1 353395
Email: dg-office@ccib.org.lb

President Office: +961 1 745288
Director General Office: +961 1 744165
Or, by visiting the website of the Chamber of Beirut and Mount Lebanon:
http://www.ccib.org.lb/en/

You can also contact the Union of Arab Chambers on the following:
Phone:+961 1 826021/2
e-mail: uac@uac.org.lb

Private Aid Initiatives for Beirut
by Verena Falkner, member of AACC

"Due to the need and suffering in Lebanon since the disaster, I organized a fundraising campaign for Beirut. The donations will benefit two organizations:
 
One of them is the young Lebanese Mayssam Tannoush, who founded her NGO "Kelna Inta" in 2016 and has been working day and night with her team to help those in need since the accident. I am in contact with her. You can find her courageous and impressive story on my homepage https://verenafalkner.at/hilfe-fuer-beirut/

More information on the fundraising campaign "Beirut-Spenden-Challenge"  is available at the following link: https://verenafalkner.at/die-beirut-spenden-challenge-5-euro-50-tage-5000-euro/
 
On the other hand, the money goes to the Austrian Red Cross, which supports the Lebanese Red Cross and is represented there by the young Austrian Lisa Taschler. This team is also working tirelessly.
 
The name of the donor or the company can, if desired, appear on the homepage and the work of the teams on site is documented with photos, see the following link: https://verenafalkner.at/die-spenderfamilie-danke-an-euch-alle/ "

Contact:

Verena Falkner, MA
Hallerstrasse 109, 6020 Innsbruck, Austria
E-Mail: info@verenafalkner.at  
Mobile: 0043/(0)650-7022522
Website: www.verenafalkner.at 

Interview with AACC Secretary General Eng. Mouddar Khouja for OMAN TV

Topic: Oil Price Development

Published on 6 March 2020 / Minute 16:30 onwards