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Bilateral Relations between Middle Eastern Countries and Austria
Austria and Middle Eastern countries - Read the latest headlines about bilateral relations in the areas of economy, diplomacy, culture and tourism
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
Strabag: No Early Comeback in Libya
The Austrian construction company had to stop projects worth € 350m, which resulted in a decrease in business backlog by 3% to € 15.2bn.
June 10, 2011
Agrana Opens Production Site in Egypt
The Austrian fruit, starch and sugar company has started production in its new plant which is seen as a basis for further expansion in the Middle East and North Africa.
June 7, 2011
OMV with Oil Discovery in Iraq
The Austrian oil and gas company reported promising first results from one of its test drills. Further investigations of the well are planned.
June 3, 2011
Austria's Solar Industry Strives For Technological Leadership
The domestic solar energy industry calls for more research funding to ensure the continuation of success achieved also into the future.
May 4, 2011
Al Jaber Intends to make further Investments in Austria
Despite massive criticism of business partners and rumoured illiquidity, the Saudi investor Mohammed Al Jaber wants to realize further investment projects.
April 26, 2011
Al Jaber in Distress
Saudi investor Mohamed Al Jaber has to fight on several fronts in Austria. Kneissl awaits restructuring, loans are due.
April 23, 2011
Every second Company Concerned by Crisis in Libya and Japan
According to a survey in Upper Austria, 46% of the companies are concerned by the rise in commodity and energy prices or by supply bottlenecks in the electronic industry.
April 23, 2011
OMV: German Refinery to be Converted
Because of the failures of Libyan oil imports, the OMV refinery at Burghausen is converted to alternative crudes.
April 19, 2011
OMV: No Sale of Stake in Borealis
The Austrian energy group OMV holds 36% of Borealis. IPIC, itself involved in OMV appears to be interested in the OMV share.
April 15, 2011
OMV: Low Production in Libya
Production of the Austrian energy group is likely to amount to only a quarter of the normal level.
March 23, 2011
OMV Fears Destruction of the Libyan Infrastructure
With the military attack on Libya, the fear that Gaddafi could damage oil production facilities of Western corporations in retaliation increases.
March 22, 2011
Verbund Plans an Investment for €600m in the U.S.
A new financial and strategic direction seems to be set by the Austrian Verbund group. Electric mobility is to be promoted.
March 16, 2011
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
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