Austria and Middle Eastern countries - Read the latest headlines about bilateral relations in the areas of economy, diplomacy, culture and tourism
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Bilateral Relations between Middle Eastern Countries and Austria

Österreichische Kontrollbank: "There are no Failures to be Feared"

Despite the unpredictable political and economic consequences of the turmoil in the Arab, OeKB Member of the Board Rudolf Scholten consideres that there will be no failures.

March 12, 2011

Ruttenstorfer: "OMV Stays in Libya '

Despite unpredictable developments, Austrian OMV stays in Libya. Neither are there any changes planned in other Arab countries.

March 10, 2011

Lack of Venture Capital for Austrian Companies

The Ministry of Economy considers providing funds for start-ups. The Israeli concept serves as a model.

March 10, 2011

Austria's Construction Industry Expects Stagnation

In an interview with the newspaper "WirtschaftsBlatt", the CEO of the Porr construction company, Karl-Heinz Strauss, describes his prospects for the local construction industry.

March 8, 2011

OMV Continues Receiving Oil Deliveries from Libya

The Austrian oil and gas company is able to obtain deliveries from Libya in spite of the serious political crisis. Production is however limited.

March 8, 2011

Leitl and Juncker Support a "Marshall Plan for Africa"

Austria and Luxembourg drive for support. Special attention is paid to education and know-how.

March 3, 2011

Kapsch Expects New Orders from the Arab Region

Kapsch emerges as the new GSM-R market leader in the international trade fair Middle East Rail 2011 in Abu Dhabi.

March 2, 2011

Gaddafi Family Assets in Austria are Frozen

More than € 1.2bn of funds invested in Austria are to be blocked after international sanctions.

March 2, 2011

WKÖ: Development Plan for North Africa

Given the dramatic situation in North Africa, Christoph Leitl, President of the Economic Chamber (WKÖ) pleads for a ‘European Marshall Plan'.

March 1, 2011

Significant Growth for Borealis

The Austrian chemical company records substantial growth in sales. Profits grew from € 38m to € 333m.

February 26, 2011

Libya: OMV Foresees no Shortages

The CEO of the Austrian OMV considers not to have underestimated the risks in Libya.

February 24, 2011

Libya Crisis: No Shortage of Supplies

The North African country ruled by massive unrest is Austria's second-largest oil supplier.

February 23, 2011

OMV Expects Reduction in Oil Production in Libya

The Austrian energy company, which also operates in Libya, cannot eliminate any possibility of a decline in the oil production anymore.

February 23, 2011

Libya: Withdrawal of Austrian Companies

Most Austrian companies are getting their employees out as the result of violent riots in Libya.

February 22, 2011

OMV Observes Riots in Libya and Yemen „thoroughly“

The Austrian oil company OMV is not concerned by the current turmoils in Libya and Yemen. However, OMV watches the incidents permanently.

February 21, 2011

Bizarre Allegations of Meinl against Atrium

The ongoing conflict between the Austrian bank and the US-Israeli real estate fund shows new and unusual facets.

February 16, 2011

Oettinger Increases Pressure on OMV

In an interview with the daily newspaper "Presse", the European Commissioner for Energy considers that OMV must move now regarding Nabucco.

February 4, 2011

Consumption Expenditure of Foreign Tourists Grows

Russian and Chinese tourists are proving to be particularly generous consumers in Austria. Overall sales rose by 23% in 2010.

February 3, 2011

Kapsch Gains Contract in South Africa

The Austrian Kapsch TrafficCom AG listed on the Vienna Stock Exchange, has been awarded contracts with a volume of € 17m in South Africa.

February 3, 2011

Atrium Terminates Trust Agreements with Meinl

The US-American/Israeli fund Atrium terminates trust agreements with the Austrian Meinl Bank AG under the 2003 and 2005 bonds due to “important reasons”.

February 3, 2011

EFKON Group Wins Major Contract in South Africa

The Austrian EFKON Group has been awarded a contract to install an Intelligent Transportation System on freeways in South Africa.

February 2, 2011

Rieder Wins Major Contract in Saudi Arabia

The Austrian Company Rieder will supply roofing and facade elements for the world's largest energy research centre in Saudi Arabia

February 2, 2011

Slow Progress for Nabucco

The negotiations in the Caspian region are "tough", but the political will exists, say sources from the Austrian oil and gas group OMV.

January 26, 2011

Meinl Bank: New Attacks Against Atrium

The dispute between the Austrian bank and the American-Israeli real estate fund is getting fiercer. Meinl is calling a bond.

January 21, 2011

U.S. Sees Money Laundering Activities at Austrian Banks

Wikileaks has published notes of the U.S. Embassy in Vienna. There were allegedly money exchanges between Austrian banks and criminals.

December 2, 2010

Major Order for Porr in Libya

Porr builds a sports stadium with a Turkish partner. The contract is worth € 220 million euro.

November 29, 2010

Voestalpine Expands into the Gulf Region

The Austrian steel group will manufacture rail components for Saudi Arabia over a joint venture.

November 16, 2010

Kapsch TrafficCom's South African subsidiary wins contract worth EUR 17.5 million

TMT Services and Supplies, the South African subsidiary of Kapsch TrafficCom has been awarded a contract by the City of Johannesburg worth approximately EUR 17.5 million.

September 2, 2010

Strabag signs a deal in Abu Dhabi

The German subsidiary Züblin is the consortium manager for the construction of a new port Strabag scored a deal for the construction of the new port in Abu Dhabi, the company reports in a press release. Via the German subsidiary Züblin as lead manager

July 21, 2010
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