UAE United Arab Emirates

OPEC Celebrates 64 Years of Shaping the Global Oil Industry

The Organization of the Petroleum Exporting Countries (OPEC) marked a significant milestone this September as it celebrated its 64th anniversary. For more than six decades, OPEC has played a crucial role in stabilizing the global oil market, fostering international cooperation, and championing the sovereignty of oil-producing nations over their natural resources.

September 19, 2024

OPEC+ Extends Production Cuts Until 2025

Representatives from Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman met in Riyadh on the sidelines of the 37th OPEC and Non-OPEC Ministerial Meeting (ONOMM). During the meeting, the participating countries decided to extend the existing production cuts until the end of 2025.

June 2, 2024

René Benko Business Scandal: Abu Dhabi's Ruling Family Demands Millions Back

The ruling family of Abu Dhabi, led by Crown Prince Mohamed bin Zayed al Nahyan, is demanding the return of 250 million euros from René Benko via the International Court of Arbitration (ICC) in Paris.

May 14, 2024

Trade Seminar in Vienna on the Latest Regulatory Developments in the UAE

Diplomacy, business, and finance representatives gathered in Vienna for a seminar dedicated to the latest regulatory developments in the United Arab Emirates (UAE). Organized by the Embassy of the UAE in cooperation with Crowe UAE and the Austrian Arab Chamber of Commerce (AACC), the seminar provided a platform for an exchange on innovations in tax, corporate, and immigration law in the UAE. The event received special support through the participation of experts from the UAE Ministry of Finance and the Austrian Chamber of Commerce.

March 24, 2024

Austrian Technology at the Center of Gigantic Construction Projects in Dubai

The Austrian company Doka is continuing its international success story and will once again demonstrate its expertise in high-rise construction. The planned Azizi Tower in Dubai, which is to be completed within the next four years, aims to become the second tallest building in the world.

March 5, 2024

Jan Marsalek's Deep Connections with Russian Intelligence Revealed

Jan Marsalek, once a high-ranking figure at Wirecard and now one of Europe's most wanted criminals, has been exposed as a long-time spy for Russia. Marsalek is reportedly currently in Dubai and is reorganizing Russian operations in Africa.

December 15, 2023

OPEC Secretary General Al Ghais Advocates for Increased Oil Production Amidst Global Energy Transition

In a recent op-ed and public statement, OPEC Secretary General, His Excellency Haitham Al Ghais, presented a compelling argument for the necessity of oil in today's world, even as global energy transitions are underway.

November 13, 2023

Rene Benko and the Future of the Signa Group: Silence Before the Storm?

The Austrian Signa Group once celebrated as a shining star in the real estate sky and a powerful player in the retail sector, is currently facing uncertain times and financial turbulence. Company founder Rene Benko, who has led the group from a non-operational position since 2013 and holds the majority of voting rights through his family foundations, is at the center of a heated debate about the group's future.

November 6, 2023

EX-FPÖ Defense Minister Herbert Scheibner: Shadow Diplomacy in Syria and Iran

In the summer of 2019, when Syria's President Bashar al-Assad was acting with extreme brutality against the rebels in Idlib, former FPÖ Defense Minister Herbert Scheibner went on a trip to Syria. He met high-ranking representatives of the Assad regime in Damascus and later visited the Iranian ambassador in Vienna. But what drove Scheibner to these meetings?

October 9, 2023

AACC Organised the “Ambassadors’ Meeting” at the Diplomatic Academy of Vienna

The Austro-Arab Chamber of Commerce (AACC), in harmonious collaboration with the Vienna School of International Studies or Diplomatic Academy of Vienna, successfully conducted the “Ambassadors’ Meeting”.

September 17, 2023

Green Peak Festival 2023: Austria's Pioneer for Climate Protection and Entrepreneurship

The renowned Green Peak Festival, which has established itself in the heart of Vienna as Austria's flagship event for sustainability and entrepreneurship, impressed once again. For the second year in a row, over 800 participants gathered to network, exchange ideas and discuss the latest developments in sustainability. The project was supported this year by the Embassy of Israel.

September 11, 2023

OMV's Polyolefins Business Cooperation: Concerns Raised as Greens Question Borealis' Future

Austrian energy company OMV has decided to pursue negotiations with ADNOC, the state-owned oil company of the United Arab Emirates, on potential cooperation of their polyolefins business. This reinforces certain concerns of the critical voices on the OMV-ADNOC deal.

July 16, 2023

OPEC+ Surprisingly Cuts Oil Production

The OPEC+ alliance has announced a surprise cut in oil production. There will probably be a reduction of about one million barrels per day from May onward.

April 3, 2023

AACC Receives a Delegation from the Council of Slovak Exporters

Following an initiative from the Council of Slovak Exporters, AACC Secretary-General Mouddar Khouja hosted the Council of Slovak Exporters' Chairman and Vice Chairman during a visit to AACC's Vienna.

February 23, 2023

AACC has organized a Business & Innovation Panel held at Palais Eschenbach

The Austro-Arab Chamber of Commerce (AACC) organized a high-level Business & Innovation panel which was held in the United Arab Emirates. Speeches were made, highlighting the good business relations between UAE and Austria.

December 9, 2022

Gas Supply Security: Austrian Chancellor Travels to the United Arab Emirates

In order to secure gas supplies for the next few years, an Austrian delegation, led by Chancellor Karl Nehammer, travelled to Saudi Arabia to negotiate future gas supplies. How much liquefied natural gas could be delivered to Austria in the coming years can be read in the following article.

October 29, 2022

OPEC Considers Possible Exclusion of Russia From Oil Production Agreement

OPEC countries are apparently considering the exclusion of non-OPEC member Russia from the concluded oil production agreement. According to a report in the Wall Street Journal, which cites statements from insider circles, other OPEC countries could step in to meet production targets following Russia's exclusion.

June 1, 2022

Arab Chambers’ Day at the Austrian Pavilion at Expo 2020 Dubai

The event "Arab Chambers' Day" at the Austrian Pavilion at Expo Dubai 2020 provided an opportunity for Emirati, Arab and Austrian delegates to meet and become acquainted with leading Austrian companies. Find out more about the event and which senior Arab and Austrian officials and delegations attended.

April 5, 2022

U.S. Imposes Sanctions on Iran’s Ballistic Missile-Related Activities

The U.S. imposed sanctions on individuals and entities in Iran, accusing them of supporting Iran's ballistic missile program after suspected Iranian-backed proxies carried out missile attacks on Arab targets in the region.

March 31, 2022

Israel and Austria Move Closer Together: Strategic Partnership Agreement in Preparation

The strengthening of bilateral relations and common economic interests prompted Austria's Foreign Minister Alexander Schallenberg and Economics Minister Schramböck to visit Israel. The invasion of Russian troops in Ukraine as well as talks on the normalization process between Israel and several Arab states were on the agenda.

March 31, 2022

Arab Chambers' Day at Austrian Pavilion at Expo Dubai

The event "Arab Chambers' Day" at the Austrian Pavilion at Expo Dubai 2020 will provide an opportunity for Emirati, Arab and Austrian delegates to meet and become acquainted with leading Austrian companies. Find out more about the event.

March 18, 2022

Meet the New Ambassadors of the UAE, North Macedonia, Libya, Indonesia, Peru and Laos to Austria

The new Ambassadors of the United Arab Emirates (H.E. Mr. Hamad Ali Mohammed Subaih Alkaabi), North Macedonia (H.E. Mr. Osvit Rosoklija), Libya (H.E. Mr. Osama Abduljalil Ahmed Abdulhadi), Indonesia (H.E. Mr. Damos Dumoli Agusman), Peru (H.E. Mr. Luis Alberto Campana Boluarte), and Laos (H.E. Mr. Khonepheng Thammavong) to Austria presented their credentials to President Van der Bellen. Learn more about these new ambassadors.

March 16, 2022

Energy Supply: Liquefied Natural Gas from Qatar, Instead of Pipeline Gas from Russia

Chancellor Nehammer visited the United Arab Emirates (UAE) and Qatar with the intention of lessening Austria's dependency on Russian natural gas for energy. Read about the chancellor's visit and how liquefied natural gas could help solve this issue.

March 11, 2022

EXPO 2020 Dubai: Extraordinary Austria Pavilion Wins Multiple Awards

The Austria Pavilion at EXPO 2020 Dubai has now won yet another award. Read about the multiple awards the pavilion has won and why it is receiving so much recognition.

February 8, 2022

Opec and Non-OPEC Members Agree Further Gradual Increase in Oil Production

At the 25th OPEC and non-OPEC Ministerial Meeting (ONOMM), the oil-producing countries decided upon a gradual increase in oil production for March. Read about this and the other decisions made at the meeting.

February 2, 2022

Expo 2020 Dubai: Austria's Youth Showcase Their Innovation

The four teams that won Austria's "Innovative Youth" competition will get to showcase their projects at the World Expo 2020 in Dubai. Read about the competition and what the winning projects were.

January 27, 2022

Austrian Economic Delegation Visits UAE and Expo 2020 Dubai

An economic delegation representing Austria visited the United Arab Emirates (UAE) and the World Expo 2020 Dubai. Read about the delegation's official visit to the UAE.

December 22, 2021

IAEA’s Grossi Tours the UAE and Egypt

Director General Grossi visited the UAE’s Barakah Nuclear Power Plant in Abu Dhabi's Western Al Dhafra region and met with H.H. Sheikh Abdullah bin Zayed Al Nahyan. In Egypt he discussed COP27, climate change and cancer care with President Abdel Fattah Saeed Hussein Khalil El-Sisi.

December 18, 2021

Expo Dubai: Viennese Coffeehouse is Culinary Ambassador

The Viennese coffeehouse, Austrian Delight, is serving as the culinary ambassador for Austria at the World Expo in Dubai. Read about how the cafe is representing Austria and what else Vienna is offering at the World Expo.

November 11, 2021

Austria-United Arab Emirates Society Awarded PaN Prize of the Ministry of Foreign Affairs

The Austria-United Arab Emirates Society (ÖVAEG) was presented with the PaN Prize of the Austrian Ministry of Foreign Affairs. Read about ÖVAEG and the extravagant ceremony at which the award was presented.

November 3, 2021

Strategic Partnership with United Arab Emirates in the Pipeline

On a trip to the United Arab Emirates (UAE), Austrian National Council President Wolfgang Sobotka expressed support for a strategic partnership between the two countries. Read about this new partnership that is currently in the works.

October 28, 2021

World Expo Dubai: Architecture Award for Sustainable Austria-Pavilion

The Austrian pavilion at the World Expo in Dubai by querkraft architekten consisting of 38 white cone towers has won the first prize in the category "Sustainable Architecture" at the Global Design & Architecture Design Awards 2021.

September 29, 2021

Doing Business with the United Arab Emirates: World Expo 2020 Opens in Dubai

The World Expo 2020, which kept its name despite being delayed to 2021, is set to begin in Dubai on 1 October. The United Arab Emirates (UAE) has been a particularly sought-after market for many Austrian companies. Read about the upcoming Expo, the economic relationship between Austria and the UAE, and some of the many Austrian companies that have found success there.

September 23, 2021

Security and Stability: Austria Deepens Cooperation with UAE, Saudi Arabia and Oman

Foreign Minister Schallenberg visited the UAE, Saudi Arabia, and Oman on a four-day trip to the Gulf region. While there, he spoke with various officials, including his counterparts: UAE Foreign Minister Abdullah bin Zayed bin Sultan Al-Nahyan, Saudi Foreign Minister Prince Faisal bin Farhan Al-Saud, and Omani Foreign Minister Sayyid Badr Albusaidi. The main topics of discussion were security, especially regarding extremism, and economic recovery from the COVID-19 pandemic.

September 15, 2021

Austrian University Spin-offs at the World Expo in Dubai

The World Expo 2020, which retained its name despite being postponed to 2021, will begin in October in Dubai. Various Austrian university spin-offs will present their innovations that will have positive impacts on climate-conscious behavior. These spin-offs include GREENPASS, REEgain, WoodC.A.R., City Intelligence Lab (CIL), Mostly AI's Mostly GENERATE, and Incremental3D's myPot. Read more about Austria's contribution to the upcoming World Expo and what innovations these spin-offs will be presenting.

September 8, 2021 · Updated: September 8, 2021; 16:16

Pioneering Hydrogen Alliance between the United Arab Emirates and Austria

On the occasion of the visit of the Ruler and Crown Prince of the Emirate of Abu Dhabi, Sheikh Mohamed bin Zayed bin Sultan Al Nahyan to Austria, the United Arab Emirates (UAE) and Austria agreed on a strategic partnership. The core of the agreement is closer international cooperation in the fields of hydrogen, renewable energy, youth exchange, green technologies, digital economy and research, according to the UAE Embassy in Vienna and Chancellor Kurz.

August 1, 2021

Vienna Airport: Resumption of Flights to Toronto, Abu Dhabi, Riyadh and Jeddah

Vienna International Airport announced the resumption of flights to Toronto, Canada; Abu Dhabi, UAE; and Riyadh and Jeddah, Saudi Arabia. The flight resumptions will also provide more connection opportunities to other destinations around the globe.

July 28, 2021

Arab Ambassadors in Vienna and Economic Relations between their Countries and Austria

The Ambassadors from Egypt, Iraq, Jordan, Morocco, Oman, Palestine, Qatar, Tunisia, and the UAE to Austria provided an economic overview of their countries and their relationship with Austria in an online forum with the Austro-Arab Chamber of Commerce (AACC).

July 11, 2021

Israel Flag Hoisting Crisis: Protest of Arab Ambassadors in Austria

All 17 ambassadors of Arab states accredited in Vienna protest against the raising of the Israeli flag on the roofs of the Austrian Federal Chancellery and the Austrian Foreign Ministry.

May 27, 2021

Dubai Expo: Which Austrian Companies Will Benefit from the Exhibition in the UAE?

Expo 2020 Dubai, which will take place in the United Arab Emirates from October 1, 2021 to March 31, 2022, is advertised above all as an opportunity for "Austrian companies to make a lasting impression with their innovative strength and creativity". The fact is that so far apparently only a handful of construction and design-related companies directly involved in the development of the Austrian pavilion financed by Austria are benefiting from the project. Which Austrian companies are involved in the project, you will find out in the following.

April 27, 2021

Activities of Arab Countries in Vienna to Strengthen Mutual Cooperation

The Austro-Arab Chamber of Commerce (AACC) under Secretary General Eng. Mouddar Khouja reports on various activities and means to strengthen mutual cooperation between Austria and the Arab countries UAE United Arab Emirates, Egypt and Qatar.

April 25, 2021

Influential OPEC Fund Celebrates 45th Anniversary

The Vienna-based OPEC Fund for International Development marks its 45th anniversary today. Since inception in 1976 by the Member States of OPEC, the multilateral development finance institution has approved more than US$25 billion in essential financing for 135 partner countries.

January 28, 2021

Austrian Economic Mission to Dubai, Abu Dhabi and Bahrain

The Austrian Federal Economic Chamber is organizing an open-industry economic mission to the United Arab Emirates and Bahrain. The program includes networking with local business leaders and multipliers, preparations for the postponed Expo 2020 in 2021 and the opening of new business opportunities.

November 10, 2020

United Arab Emirates Strongly Condemns Terror Attack in Vienna

The Embassy of the United Arab Emirates in Vienna is deeply moved by the Islamic motivated attack in Vienna and condemns the terrorist attack in a statement.

November 3, 2020

EXPO 2020 Dubai: Austria Pavilion Past First Construction Stage

The World Expo 2020 in Dubai, which will now be taking place in 2021, will also be starring about 100 companies from Austria. With the completion of the Austria Pavilion's first construction stage, these companies are now one step closer to a successful exhibition.

September 25, 2020

Permanent Representative of Sri Lanka Presents Credentials to the United Nations Office at Vienna

The new Permanent Representative of Sri Lanka to the United Nations (Vienna), Majintha Jayesinghe, presented his credentials to the Director-General of the United Nations Office at Vienna (UNOV).

August 25, 2020

Etihad Airways Adds Abu Dhabi-Vienna Route to its Programme

In times of the coronavirus, when flights are being cancelled, it is encouraging that Etihad Airways will start a non-stop connection between Vienna and Abu Dhabi on 22 May 2020.

March 11, 2020

Start of Arab-Austrian Cultural Season 2020

The Arab-Austrian Cultural Season 2020 will be carried out under the motto “Austria and Arab Countries: A Cultural Partnership And An Extended History” has officially started.

March 9, 2020

Vienna Welcomes New Ambassadors from Australia, Israel, UAE, Kenya, Cuba and Libya

Recently Austrian Federal President Alexander Van der Bellen welcomed the six newly accredited Ambassadors of the United Arab Emirates, the Commonwealth of Australia, the State of Israel, the Republic of Kenya, the Republic of Cuba and the State of Libya to Austria to the Presidential Chancellery of the Vienna Imperial Palace for the presentation of their letters of accreditation.

December 3, 2019

Meet the New Ambassador of the United Arab Emirates, H.E. Ibrahim Salim Mohamed Al Musharrakh

The new Ambassador of the United Arab Emirates to Austria, H.E. Ibrahim Salim Mohamed Al Musharrakh presented Austrian Federal President Alexander Van der Bellen with his letter of accreditation at the Vienna Hofburg. He is also non-resident ambassador to Hungary, the Slovak Republic and the Republic of Slovenia.

December 2, 2019
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