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

Austrian Trade Mission 2012: “A Big Success”

With their trip to the Kingdom of Saudi Arabia, Austrian companies are highly satisfied.

April 5, 2012

Meeting between Saudi Monarchy and Austrian Embassy

The Austrian ambassador presented Investment opportunities to Saudia Arabia´s Prince Alwaleed.

March 20, 2012

Austria Benefits from Economic Boom in Saudi Arabia

An Austrian trade delegation is looking for Saudi partners. This year, the bilateral trade volume is expected to exceed € 1.0bn again.

March 14, 2012

IPIC Intends Further Increase in OMV

The second core shareholder of OMV, the Arab state fund International Petroleum Investment Company, which is situated in Abu Dhabi, plans another rise in its shareholding.

March 8, 2012

Eder: „Environmental Policy Endangers Economy“

Voestalpine´s CEO criticizes environmental specifications made by EU and domestic politics. Eder sees the danger of a de-industrialization.

March 5, 2012

New Riyadh Sewage Plant With Austrian Technology

Saudi Arabia's Minister signs contract over 80 Mio $ sewage purification plant. ILF participates in the awarded consortium.

March 5, 2012

Negative Operating Results for Kapsch TrafficCom

Due to delays in two major projects, the Austria toll collection system supplier recorded operating losses in the third quarter of 2011/12. Revenues were up massively.

February 29, 2012

Rosenbauer Has Good Prospects

The Austrian producer of fire fighting vehicles has full order books. In 2012, CEO Dieter Siegel expects a new record in sales.

February 24, 2012

Pecik is Said to Enter AMAG

The Austrian investor, who holds a 20% stake in Telekom Austria, seems to be interested in the Austrian aluminum producer AMAG

February 23, 2012

Lower Sales at Rosenbauer

The Austrian producer of fire fighting vehicles registered a 9% decrease in revenues. EBIT was down by 17%, order intake was up by 66%. Basic capacity utilization secured until 2014.

February 22, 2012

AUA Attempts to Prevent FlyNiki to Approach Tel Aviv

Austrian Airlines files a complaint against FlyNiki at the Austrian

February 18, 2012

Voestalpine Amends Expansion Plans

The Austrian steel producer intends to use its technologic leadership in the automotive component business for further expansion steps.

February 18, 2012

AUA to Withdraw from Mumbai

Due to the increasing price pressure, Austrian Airlines has to focus on new markets. New target markets are Eastern Europe and the Middle East region.

February 13, 2012

Rising Production at OMV

Due to the resumption of works in Libya, the Austrian oil and gas group announces rising production volumes and slightly improving refining margins.

February 3, 2012

Austria Increasingly Popular for Arab Tourists

In 2011, Austria registered 580,600 guest nights by Arab tourists. Hence, Austria exceeded Switzerland as touristic destination.

January 25, 2012

“Europe, quo vadis?”

Today, the 9th Vienna Congress com•sult takes place in Vienna. The central issue “Challenges of Leadership in Europe” is discussed, among others, by Lech Walesa, Hans-Dietrich Genscher and Avigdor Liberman.

January 24, 2012

Asamer Returns to Libya

The Austrian manufacturer of building material aims for catching up the lost year 2011 in Libya.

January 23, 2012

OMV: Libyan Oil Production at 60% of Pre-War Level

The Austrian OMV produces 19,000 barrels per day in Libya. Production can be improved steadily. A Romanian refinery will be sold to the Romanian state.

January 13, 2012

Immofinanz Closes Leasing Contract With Leonardo Hotels

The Austrian real estate group enters an agreement with the German subsidiary of the Israeli Fattal International Hotel Chain.

January 9, 2012

Styrian Mining Company Causes Problems for Austrian Banks

The Austrian mining company Decometal has debts reaching € 250m. Now, the company will be restructured. Loans must be extended.

December 28, 2011

Andritz Receives Major Order from Egypt

The Austrian technology group will supply the equipment for a hydropower plant on the River Nile. The order volume is € 107m.

December 22, 2011

Pecik Extends Stake in Telekom Austria

The Austrian investor Ronny Pecik is told to become the largest shareholder in Telekom Austria. Up to 29% are possible.

December 20, 2011

Rosenbauer Wins Order worth € 245m in Saudi Arabia

The Austrian manufacturer of fire fighting vehicles has won the biggest order in the company’s history. 1,125 vehicles will be supplied.

December 16, 2011

Pecik to Enlarge Activities in Telekom

The new core shareholder of Telekom Austria, Ronny Pecik, plans to acquire further shares. He will enter the supervisory board.

December 14, 2011

KapschTrafficCom to Gain Order from Russia

The Austrian toll collect system supplier expects final announcement on the award of a Russian contract in two weeks.

December 5, 2011

OMV Raises Oil Production in Libya

The Austrian oil and gas company OMV receives already about 50% of the pre-war volume. However, a full recovery will need another twelve months.

December 3, 2011

OMV’s Shale Gas Test Drilling Will Cost € 130m

The Austrian energy group sees a 20 percent chance of success for production at the Lower Austrian gas field that was discovered last month.

December 2, 2011

Austrian Companies Return to Libya

OMV and Asamer have already resumed business, while Strabag is still evaluating damages.

November 30, 2011

Strabag Increased Revenue and Earnings after Nine Months

Revenue of the Austrian construction group was up by 9%. EBIT stood at € 208m – 8% higher than in 2010.

November 30, 2011

Kapsch TrafficCom Reports Strong Growth

Revenues of the Austrian toll system supplier increased by 90%, EBIT more than doubled in the first half of the fiscal year 2011/12.

November 23, 2011

Leitl Promotes Exports to BRICS-Countries

The President of the Austrian Chamber of Commerce, Christoph Leitl, wants the exporting industries to focus more on Brazil, Russia, India, China and South Africa.

November 22, 2011

Increasing Earnings and Profits for Atrium

The Israeli, Vienna-listed real estate company published results for the third quarter. Profits before taxes went up by 39%.

November 15, 2011

OMV’s Performance Still Impacted by Libyan Production Shortfalls

The Austrian oil and gas company reported strong results for the first nine months of the year. Group EBIT was up by 11% year-on-year.

November 9, 2011

Agrana to Expand into South Africa

The Austrian fruit and starch company consolidates its presence in South Africa and starts production of fruit preparations in Johannesburg.

November 7, 2011

OeNB Dismisses Management of Money Printing Subsidiary

Three persons were fired for suspicion of unlawful actions. € 14m have allegedly been paid as bribe to secure a deal with Syria.

October 28, 2011

AUA Remains in the Red in 2011

The Austrian carrier improved its operating profit by 30% in the third quarter 2011. A positive result, however, will not be achieved in the full year.

October 27, 2011

New Co-Investor for Pecik

Ronny Pecik, who is said to have acquired a substantial stake in Telekom Austria, now has a new partner. The Egyptian Sawiris faces liquidity problems.

October 24, 2011

Pecik Acquires Minor Stake in Telekom Austria

The Austrian investor now enters the Vienna-listed Telekom Austria Group. For the time being, Pecik holds a 5.4% stake.

October 17, 2011

OMV to Resume Oil Production in Libya

The Austrian oil corporation had to abandon oil production in Libya at the beginning of the year. Now, OMV wants to continue its operations.

October 10, 2011

Spindelegger Wants New Impetus for Nabucco

The Austrian Vice-Chancellor calls for a quick realization of the pipeline project which is stalling at the moment.

September 28, 2011

World Tourism Day 2011: Guests from 50 Countries Visit Austria

According to statistics Austria, the diversification of the guest´s nationalities further increased. Culture-oriented travels become increasingly important.

September 26, 2011

OMV Buys 500,000 Barrels of Condensate in Libya

It is the first supply from the war-torn country for the Austrian oil and gas group since March.

September 22, 2011

Austrian Telekom: Social Democrats Warn of „Unfriendly Takeover“

For the executive director of the SPÖ, Günther Kräuter, “a new major shareholder from Egypt or Russia would be problematic.”

September 12, 2011

ADX: Sidi Dhaher Well Spudded

The Austro-Australian oil and gas exploration and appraisal company started drilling operations for the Tunisian exploration well.

August 29, 2011

OMV Affected by Sanctions against Syria

The Austrian oil and gas company does not have a local production but buys 7% of its oil supplies from the Arabic country.

August 29, 2011

Austrian Companies Hope for Quick Return to Libya

In view of the approaching end of the Gaddafi regime Austrian companies start preparations for an early return to the North African country.

August 22, 2011

Efkon Receives Further Major Order in South Africa

The subsidiary of Austrian construction group Strabag has been awarded an € 11m contract for supply and maintenance of toll plazas.

August 18, 2011

OMV’s Results Impacted by Political Turmoil

The events in North Africa and the Middle East adversely impacted results of the Austrian oil and gas group: clean CCS EBIT and net income were both down 25%.

August 10, 2011

RBI Hit by Bankruptcy of Saudi Arabian Company

The Austrian bank has problems with its credit business in Saudi Arabia. “An amount in the low hundreds of millions” is at risk.

July 4, 2011

ADX Energy to Start Oil Drilling in Tunisia

The Tunisian army will guard the drilling project of the Austro-Australian oil and gas exploration and appraisal company at the Sidi Dhaher well.

June 10, 2011