arab business club magazine issue 12 february 2013

BUSINESS CLUB

business leaders community

MARCH 2013 VOLUME 2 ISSUE 3

MAGAZINEPROFILES n INTERVIEWS n INVESTMENT n OPPORTUNITIES

March 2013, Vo. 2 Issue 3ISSN 2304-3989

AED 15, GCC $5, EUROPE €3 REST OF THE WORLD $6

IRAQ RESOURCES

EVENTS

REPORTS

WHERE RISK MEETS REWARD

PARTNERSHIP AGREEMENTS

ARAb buSINESS Club 2Nd MIddlE EAST FREE ZoNE EvENT

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MARCH 2013

INSIDENEWSArab Business Club Forges Strategic Alliance with Renno Com-munications Group 24

30MEMBER PROFILESamer Renno started his career as a journalist and writer, where he travelled and covered stories from major troubled areas in the region, until he settled to writing business stories, which helped him grasp the corporate world in all its sectors.

REPORTKazakhstan, the country located in the heart of Eurasia, made an-other huge step towards being a visible nation, with no relation to its massive geographical size.

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12EVENTSArab Business Club 2nd Middle East Free Zone Event

ARAB BUSINESS CLUBMARCH

BOAT WINTER Arabian Business Club.ai 1 10/24/12 12:33 PM

BOAT WINTER Arabian Business Club.ai 1 10/24/12 12:33 PM


48RESOURCES – MANAGEMENTWhen you start a small business, you need to decide how to struc-ture it. Each structure has pros and cons, and the best format will depend on your business, location and specific needs.

RESOURCES INVESTMENTYou can, of course, create a general partnership agreement with a handshake - but it’s not smart. Like any relationship, partnerships are fraught with opportunities for disagreement and misunderstanding.

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34COUNTRY FOCUSIraq has changed. As normal life begins to resume, economic activ-ity has revived. Demand for all types of goods and services is grow-ing fast. The focus is on reconstruction as the government rebuilds essential infrastructure, from power and water utilities and transport infrastructure to residential housing.

50MARKET INTELLIGENCELebanon’s energy ministry has signed a $348m agreement with a Danish-German consortium to build new power plants in Jiyyeh and Zouk, The Daily Star has reported. British bank HSBC and the EKF, Denmark’s export credit agency, have offered to provide an extended loan for the project.

ARAB BUSINESS CLUBR

MARCH 2013 arabbusinessclub.org 7

• On the unique shores of Al Hamriyah area in Sharjah - United Arab Emirates• Luxury 3 & 4 BR villas, Detached &Twins directly on the shores of the island• Park, Recreation Center &mosque• Shops and stores for each island• An integrated high security system • Surveillance cameras advanced 24X7• Green • Green Community environmentally friendly• Easy payments with an ESCROW Bank account


Doing business today is vastly different to what it used to be a decade ago. The huge revolution in communication and transportation sectors and their ever increasing capabilities have made international investment collaboration much easier than it used to be, while the global nature of today’s economies made multinational companies foreign investments not only possible but, also, necessary!

Free Zones have always been one of the most effective drivers for foreign investments and the preferred route for international investors from all over the world. Thus, comes Arab Business Club’s 2nd Middle East Free Zone Event, scheduled to take place on March the 13th.

The Event aims to gather the Free Zone business leaders to talk about business in the Middle East Free Zones.

The event is also designed to tackle different strategies on how a certain organization can achieve sustainable competitive advantage in Middle East and worldwide markets.

15 Free zones, 4 speakers and tens of business leaders make this event the foremost annual gathering of regional and international business leaders, top industry players, decision makers and their global counterparts.

Attendees will have the opportunity to:

• LearnabouttheimpactofFreeZones to the economic development of the Arab World, from the perspective of industry players.

• Getin-depthinsightintotheeconomic relevance and implications of Trade Agreements between regional Free Zones and the West.

• Discusschallenges,opportunitiesand the 2013 outlook for Free Trade Zones. Examine and analyze how regional Free Zones can strategically complement each other.

• Getexpertopinionsaboutthebestbusiness practices for companies operating in Free zones.

• Benefitfromnetworkingopportunities that can enhance your trading opportunities and build trustful relations.

• InteractwithFreeZonesAuthorityto learn about how to set up business in the Free Zones or expand business in the Arab World.

The event will bring undeniable benefits to all participating parties. Itwillbringtogetherthestrengthsof individuals and countries alike and will make it easy for investors to acknowledge all the services provided to them by the various free zones in the region and the necessary procedures to set up their businesses in these zones.

Iinvitealltop-levelmanagementmembers in our club to attend this event and make the most out of this unique opportunity.

FOREWORD

Hamdan Mohamed Al MorshediPresident and Publisher

@HamdanMorshedi

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BUSINESS CLUBMAGAZINE

President & PublisherHamdan Mohamed Al [email protected] Managing EditorBasel Aal [email protected] Editorial AssistantEman [email protected]

ContributorsDr. Sultan Al ShaaliHind JamjomNoura Al Suwaidi Art DirectorArab Business Club Design [email protected] Sales & [email protected] SubscriptionsAnnabelle [email protected]

Northern StarPublishing & DistributionOffice No. 111, Pyramid Centre Oud Metha, P.O. Box 2188 Dubai - United Arab EmiratesTel: +971 4 3583000 Fax: +971 4 3583003 www.arabbusinessclub.org

DisclaimerAll rights reserved. The opinions and views expressed in this publication are not necessarily those of Arab Business Club. Readers are requested to seek specialist advice before acting on information contained in this publication, which is provided for general use and may not be appropriate for the readers' particular circumstances. While every effort is taken to ensure accuracy of the information contained in this publication, the publisher is not liable for any errors and / or omissions contained in this publication.

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Published ByArab Business ClubDelaware, New York676A Ninth Avenue # 551

EDITORIAL

Business as Usual…

Basel Aal BannoudManaging Editor

Winter is always the busiest month of the year for all companies in the GCC, last month saw the pace of business in the region picking up and the economic cycle quickly returning to its neck-breaking pace, especially in Dubai, the Middle East’s number one business hub.

Last month was also a busy month for Arab Business Club, the region’s premier community for business leaders and decision makers. All these events and news are covered in detail in our “Events” section.

Our “Country Focus” section has a very important and exiting report about the prospects of Investment in Iraq, a country whose richness and vast oil reserves are only matched by its extremely volatile political situation and the huge level of risk awaiting those who dare to invest there. The report explains the challenges facing investors in the country and the huge returns they can achieve if they are willing to face these challenges.

Our “Market Intelligence” section is full of interesting news about the latest deals and contracts inked in the region while our “News” section will keep you informed about all the latest changes and developments.

Our ‘Resources’ section will provide CEOs, business leaders and entrepreneurs with some vital advices in the different aspects of running a business, be it Management, Investment, finance, marketing or Human resources. While the rest of our sections will continue to provide all the useful information, opportunities and advices you used to love and expect from Arab Business Club magazine.

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Arab Business Club 2nd Middle East Free Zone Event

EVENTS

he Middle East Free Zone Event aims to gather the Free Zone business leaders to talk about business in the

Middle East Free Zones. The event is also designed to tackle different strategies on how a certain organization can achieve sustainable competitive advantage in Middle East and worldwide markets.

The Middle East Free Zone Event aims to be the foremost annual gathering of regional and international business leaders, top industry players, decision makers and their global counterparts.

Our Speakers:• Dr.RashidAlleemiswidelyconsidered

a visionary and thought leader in business, socio-economic, academic and cultural endeavors. Respected by peersas a strategic thinker, Dr. Alleem dons many hats and hones various passions. As the Director General of Sharjah Ports

and Customs and the Hamriyah Free Zone Authority, he is the driving force in transforming them into a strategic commerce hub and empowering thousands of businesses in the region, contributing to the development of the UAE economy.

• Mr. Nader Atout is an experiencedMBA and Harvard Alumni with 18 years of experience in managing public and multinational corporations. Mr. Nader Atout specializes in providingstrategic leadership for the businesses to formulate vision and delivering on its mission. He has previously worked as managing director for Dimension Data Middle East. Mr. Nader Atout iscurrently working as executive director for twofour54 with a mission of creating an ecosystem that will allow the content creation industry to flourish in the Middle East.

• Dr. Ayoub Kazim is the Managing

Director of the Education Cluster of TECOM Investments, a member ofDubai Holding. Dr. Kazim is in charge of both Dubai Knowledge Village (DKV) andDubai InternationalAcademicCity(DIAC).Heisresponsibleforstrategicallysteering all DIAC and DKV academicentities and further consolidating their statuses as leading centres of learning excellence in the region.

• Mr.OussamaElOmariholdsabachelor’sdegree in Chemical Engineering and an MBA from the U.S. His knowledge of world trade and global import/export trends has led him to chair the UAE FreeZoneRoundTableandhas servedas the Secretary General of the World Economic Processing Zone Association (WEPZA). Mr. El Omari has also shared his wealth of knowledge and expertise by speaking at free zone conferences in Europe, USA, Middle East and NorthAmerica.

Under the patronage of His Highness Sheikh Juma Bin Maktoum Bin Juma Al Maktoum, the Honorary Chairman of the Arab Business Club, Arab Business Club is hosting the 2nd Middle East Free Zone Event, 13th March, 2013, Dubai, U.A.E.

Hamdan Mohamed Al Morshedi, President and Chairman of the Board, Arab Business Club, has the honor to extend to you a formal invitation to “Arab Business Club 2nd Middle East Free Zone Meeting” on the 13th of March, 2013, Sheikh Zayed Road.

BUSINESS CLUB

Dr. Ayoub Kazim Dr. Rashid Alleem Mr. Nader Atout Mr. Oussama El Omari Hamdan Mohamed Al Morshedi

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4 Speakers 15, Free zones, 100 Business leaders:

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Some of the Confirmed Attendees from Free Zone Authorities:

1. Hamriyah free zone Sharjah 2.PublicEstablishmentforIndustrialEstates(PEIE)“Oman”3. Twofour54 4. Dubai Technology and Media Free Zone Authority 5. Abu Dhabi Airport Free Zone 6. Ministry of Economy 7. SharjahAirport International Free ZoneAuthority 8.DubaiInternationalAirport9.RasAlKhaimahFreeTradeZone10:RAKOffshore11: Ajman Free Zone 12: Khalifa Industrial Zone Abu Dhabi (KIZAD)13: Dubai Knowledge Village (DKV)& 14: Dubai International Academic City(DIAC)15: Dubai Maritime City Authority

Event agenda

•7:00pmRegistration&Networking•8:00pmWelcomespeechbyMr.Hamdan

Mohamed President of Arab Business Club • 8:05pmDr.RashidAlleem,Customsand

Sharjah Free Zone Authority & Director General Sharjah Department of Seaports , Speakingabout“Sustainabilityin“SharjahFreeZones”

• 8:20pm Mr. Nader Atout, ExecutiveDirector, TwoFour54, “Free Zone Role inBringing in the Business to the Arab World, twofour54Sucessinattractinginvestment”

• 8:35pm Dr. Ayoub Kazim - ManagingDirector, Dubai Knowledge Village (DKV)& Dubai International AcademicCity(DIAC),“EducationalFreeTradeZoneand its ability to transform good education toArabWorld”

•8:50pmMr.OussamaElOmari,PrincipalAdvisortotheChairmanofRAKFTZRasAl Khaimah Free Trade Zone “RAKFTZ”“HowZonesCanSucceedinGlobalLogisticsandtheSupplyChain”

•9:05pmBuffetDinnerandnetworking•10:30pmEndofevent.

Guests of Honor:

Mr. Paco De Jaimes Chairman/CEO World Fashion Week Mr. Marwan Al Sarkal CEO Sharjah Investment & Development Authority -SHUROOQMr. Akavut Kusonwong Chirman Thailand Business CouncilMr. Haji Obaidulla Sader Khalil Chairman Afghan Business Council Mr. Sandeep Sharma, Chairman, Singapore Business CouncilMr. Nadir Zafar, President, Singapore Business Council

Diplomats:

Ambassador:HE. Flavio Fonseca, AngolaHE. Behar Bejko, AlbaniaHE. Jean-Paul Tarud, ChileHE. Warawuch Chuwiruch, ThailandHE Lenin Bandres Herrera, Boliovarian RepublicofVenezuela

Consul General:HE.RobP.Waller,USAHE.M.M.AbdulRaheem,SriLankaHERossMiller,CanadaHE Angel Kalinov, Bulgaria H.E. Julio Maiato, AngolaHEYoungJongHong,RepublicofKoreaHEK.AlexWoodley,St.KittsandNevis

Who Should Attend?CEOs, Free Zone Authorities, Business Owners, Top Management Executives and Arab Business Club Members Please note that this is Top management event only.

Why Attend?

• Learn about the impactofFreeZones tothe economic development of the Arab World, from the perspective of industry players.

• Get in-depth insight into the economicrelevance and implications of Trade Agreements between regional Free Zones and the West.

• Discusschallenges,opportunitiesandthe2013 outlook for Free Trade Zones.

• Examine and analyze how regional FreeZones can strategically complement each other.

• Getexpertopinionsaboutthebestbusinesspractices for companies operating in Free zones.

• Benefit from networking opportunitiesthat can enhance your trading opportunities and build trustful relations.

• Interact with Free Zones Authority tolearn about how to set up business in the Free Zones or expand business in the Arab World.

The event will run from 7:00 pm to 10:00 pm with dinner at 9:00 pm.

Dress Code: BusinessorNationalAttire

Registration: Kindly register by sending the following information to [email protected]:

ABC Members: *Name*MembershipNumber

Non-Members: *Name* Title/Designation *CompanyName*MobileNumber* Email Address

Payment:

Payment can be made through Pay Pal or Bank Transfer. Payment fee is as follows:

• ForArabBusinessClubMembers: FREE (registration needed)

• BusinessCouncilsmembers:300AED.• ForNon-Members:AED800before10th

of march 2013 + AED1500 on the date of the event.

• Fees once paid will not be re-funded,registration is not transferable.

For Sponsorship Opportunities, please call +971 4 358 3000 or email [email protected].


EVENTS


Arab Business Club’s Delegation Visit to Thumbay Group of CompaniesKeen on providing its members with the greatest opportunities and opening the doors for promising and lucera-tive business opportunities, Aratb Business Club, the region’s preimier community for investors, business leaders anddecisionmakers,organizedonJnuarythe29thitsfirstdelegationvisitfortheyear2013.Thedelegation,com-prised of chosen members, visited Gulf Medical University’s Campus and attended a reception, presentation, site tour and lunch all prepared by Thumbay Group of Companies with the attendance of its founder and president, Mr. Thumbay Moideen.

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ARAB BUSINESS CLUB


he visit started at 11 AM with a cocktail reception that saw the club members and Thumbay’s executives net-working and exchanging opinions and ideas.

The receptions was followed by a seminar in one of the univer-sity’s amphitheaters, The seminar opened by a speech by Mr. Hamdan Mohamed Al Morshedi, president and chairman of the board, Arab Business Club, who said: “Delegation visitsare one of Arab Business Club’s traditional activities that have proved to be exceptionally useful in bringing our members together and introducing them to market-leading players and decisionmakers.Thisisonlythefirstvisitofseveraldelegationvisitsplannedforourmembersthroughout2013.”

“TodaywearevisitingTHUMBAYGROUPOFCOMPANIES,a business conglomerate headquartered in Ajman, United Arab Emirates.

Mr. Hamdan Mohamed Al Morshedi, president and chairman of the board, Arab Business Club welcoming Mr. Emad Al Hasouni, Managing Director, Superior Technologies

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Mr. Hamdan with Dr. Galina Zhirnova, Professor, Medical University, Chuvash Republic of Russia, Ms. Tatiana Pekach, Director of Profile & Head of the Leaugue of Beauty Industry Professionals of Chuvash Republic, Ms. Irina Markova, Direc-tor, Spa Aurum Oasis Lux, Chuvash Republic of Russia

Mr. Hamdan having a friendly talk with Mr. Vinod Abraham, Director – External and International Affairs , Thumbay Group

Mr. Hamdan and Dr. Mohammad Tariq, Chairman, Axis Auditing and Account-ing, having a discussion at one of the university’s labs

H.E. Flavio Fonseca, Ambassador, The Embassy of the Republic of Angola, Abu Dhabi, Mr. Thumbay Moideen, Founder President, Thumbay Group, Mr. Coutinho Viquissi Copumi, Counsellor for Irena Affairs, The Embassy of the Republic of Angola, Abu Dhabi


Group picture of Arab Business Club’s delegation at Thumbay Group’s Executives

Mr. Hamdan with Mr. Claude Valle, President, French Business Council, Dubai and Northern Emirates and Dr. Ghassan Al Khatheri, CEO, Net Tours and Travel LLC

Mr. Hamdan welcoming Mr. James Chang, Director, Taiwan Trade Center in Dubai and Mr. Fu Tai Wei, General Manager, Taiwan Trade Center in Dubai and business delegates from Taiwan

Networking...

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ARAB BUSINESS CLUB

The group has progressed vigorously over the years and is managed by highly experienced professionals headed by the group’s President Mr. Thumbay Moideen, A man of vision and dynamism, with a de-terminationtosucceed.IwanttothankyouallforcomingandthankourgracioushostandIpromiseyouanexcitingyearfullofbusiness-generating events and activities with Arab Business Club’s ambitious planfortheyear2013,”heconcluded.

The floor was given then to Mr. Thumbay Moideen, founder and president, Thumbay Group of Companies, who thanked the delegationfortheirvisitsaying:“It’sanhonortowelcomeyouintoourcampusandweIwanttothankmyfriendHamdanandArabBusinessClubfororganizingthisvisit.”

Mr. Hamdan with Vignesh S. Unadkat, Director - IT & Promotions, Thumbay Group and Mr. Moideen Farhad C., Director, Hospitality Division, Thumbay Group

Mr. Thumbay Moideen, Founder President, Thumbay Group having a serious discussion with one of the delegates

Beauty was there too...

Mr. Hamdan and Mr. Ammar Al Duwaikh, Sales & Leasing Manager, Dubai Investments Park Development Co. LLC taking a tour of the campus


Mr. Hamdan taking a memorial photo with Mr. Akbar Moideen Thumbay, Director of Operations, Healthcare and Retail Division, Thumbay Group and Mr. Thumbay Moideen, Founder President, Thumbay Group

Mr. Hamdan exchanging views and stories with H.E. Flavio Fonseca, Ambassador, The Embassy of the Republic of Angola, Abu Dhabi

Mr. Indranil Bandyopadhyay, General Manager, Almoe Digital Solutions,Llc, Mr. Prakash S. Parab, Director – WMS, Dulsco and Mr. Thumbay Moideen, Founder President, Thumbay Group

Mr. Vinod Abraham, Director – External and International Affairs , Thumbay Group giving the delegation a tour of the campus

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ARAB BUSINESS CLUB

“Wearealwayslookingforwardtowardsexpandingourbusinessand the reason we are having this meeting with Arab Business Club members is to explore the prospects of cooperation and the expan-sionopportunitiesthatwemightfindbothlocallyandregionally.

ThankyouagainforyourvisitandIhopethatyouenjoyyourvisittothisuniversitywhichiswe’reextremelyproudof.”Heconcluded.Mr. Thumbay’s speech was followed by a detailed presentation about Thumbay Group and Gulf Medical University in particular, given by Mr. Vinod Abraham, Director of internal and external affairs, Thumbay Group, followed by exchanging of gifts of ap-preciation between Mr. Hamdan Mohamed Al Morshedi and Mr. Thumbay Moideen .

Mr. Cahyo Purnomo, Head of Indonesia Investment Promotion Centre (IIPC) of Abu Dhabi, H.E. Salman Al Farisi, Ambassador, Embassy of the Republic of Indonesia in Abu Dhabi, U.A.E and Mr. Hamdan

Dr. Sultan A. Al Shaali, CEO, Al Shaali Group having a discussion with Mr. Hamdan and Mr. Thumbay Moideen, Founder President, Thumbay Group

Mr. Sultan Al Sultan, General Manager, Maximum Protection, Mr. Hamdan and Mr. Yunus Abdulhayye Ma, Director of Information Division, Commer-cial Office of the Taiwan


Mr. Hamdan Mohamed Al Morshedi, president and chairman of the board, Arab Business Club giving an inspiring speech

Mr. Hamdan and H.E. Behar Bejko, Ambassador, Embassy of the Republic of Albania in Abu Dhabi (UAE)

Mr. Mohamed Hamdan Bin Jarsh, Director General, University City, Dr. Omar A. Mashabi, General Manager, Al Hanoo Real Estate , Mr. Hamdan, Mr. Fahid Abdullah Al Shakra, Vice Chairman, Al Hanoo Real Estate,

Mr. Hamdan and Mr. Ammar Al Duwaikh, Sales & Leasing Manager, Dubai Investments Park Development Co. LLC

Watching a presentation about the university

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ARAB BUSINESS CLUB

An exciting site-tour followed, through which the delegation got toseefirst-handtheadvancedlevelofeducationandtrainingthestudents are getting in Gulf Medical University.

The site tour was followed by a delicious lunch full of tasty dishes preparedbyMr.Tumbay’sown“TheTerrace”restaurant.

Mr. Thumbay Moideen, Founder President, Thumbay Group giving his speech

Networking...

Group picture

Dr. Manvir Singh Walia, Medical Director - Operations, Healthcare Divi-sion, Thumbay Group, Mr. Vignesh S. Unadkat, Director - IT & Promotions, Thumbay Group, Mr. Vinod Abraham, Director – External and Interna-tional Affairs, Thumbay Group


NEWS

Thumbay Moideen Featured in the First Ever ListingoftheGCC’s50RichestIndians…Two Arab Business Club Members Featured in the List

The UAE is home to a series of influential andrichIndianswhohave,intheirowninimitable style, shaped the way they live, work and do business in this country. Whether these are big businessmen or wedding planners, banking profession-als, or sports stars, the individuals on our pages have woven a few threads of their own into the multicultural tapestry of the UAE,eachbringingalittlebitofIndiatothe way things work here.

Mr. Thumbay Moideen was ranked 30 on the list with an estimated wealth of

US$340m. He believes that the best way to learn is through travel and by meeting people:“Visitingnewplaces,dealingwithdifferent cultures, understanding their way of doing business and lifestyle adds toone’spersonality.”

The vision of Thumbay Group is to be one of the biggest Corporates with a global presence in the next seven years.

Another Arab Business Club to be fea-turedonthelistwasDr.BRShetty,Chair-manofNMCGroup,whowasranked5th

with an estimated wealth of US$1.9bn.

Thelistof50RichestIndiansintheGCCalsoshowsthatIndiansareplayingavitalroleinboardroomsofbothInternationaland local banking and retail sectors oper-ating in the region.

But, if anything, the Arabian Business RichList shows just how far the Indiandiaspora has become enmeshed in Gulf Society with the region’s 2.5 million ex-patriates working in every sector imagi-nable.

Earlierafterbeingfeaturedamongstthe100MostPowerfulIndiansintheGulffortwoconsecutiveyears2011 and 2012, this year Mr. Thumbay Moideen, Founder and President of Thumbay Group has been fea-turedinthefirsteverlistingof50RichestIndiansintheGCCwhichwasexclusivelycompiledandpublishedby Arabian Business dated February 10, 2013.

“Mr. Thumbay Moideen, founder and president, Thumbay Group, was ranked 30 on the list with an estimated wealth of US$340m while Dr. BR Shetty, Chairman, NMC Group, was ranked 5th with an estimated wealth of US$1.9bn.”Mr. Thumbay Moideen, founder and president, Thumbay Group, with Mr. Hamdan

Mohamed Al Morshedi, President and Chairman of the Board, Arab Business Clu.

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Arab Business Club Forges Strategic Alliance with Renno Communications Group RegionalPRAgencytoprovideArabBusinessClubwithleadingcommunicationstacticstostrengthenitsprofileintheMiddleEastandNorthAfrica-

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ARAB BUSINESS CLUB

Arab Business Club (ABC), a prominent andhighprofilebusinessnetworkinggroupin the Arab world, with headquarters in USA, announced on February the 19th 2013 thesigningofastrategicalliancewithRen-no Communications Group (Renno CG),oneoftheregion’sleadingPublicRelationsand Communications consulting agencies.

Aspartoftheagreement,RennoCommuni-cations will manage ABC’s public relations requirements through the design and im-plementation of a 360 degrees of communi-cations tactics, aimed at raising theprofileof ABC among its target markets and rais-ing awareness of its services among its key stakeholders.

According to Mr. Hamdan Mohamed Al Morshedi, President and Chairman of the Board,ArabBusinessClub,“thestrategical-liancewithRennoCommunicationsGroupcomes as a clear indication of ABC’s deter-mination to partner with a reputable PRagency that possesses a proven track record of professional management of diversifiedindustriesandsectorsacrosstheregion.”

“Following a comprehensive pitch process,we aredelighted to selectRennoCommu-nications Group as a strategic partner to plan and manage our communications and publicrelationsrequirementsintheregion,”commented Mr. Al Morshedi at the signing of the agreement.

“TheRennoCG team has demonstrated athorough understanding of our goals and objectives, and coupled with their commit-ment and diligence to delivering the best tacticstosupportourorganization,Ibelievewehavenowtakenthefirststepstowardalongandprosperousbusinessrelationship.”

Samer Renno, Chief Executive Officer of

Renno Communications Group, com-mented: “I ampleased tobegiven theop-portunity to work closely with the Arab Business Club, represented by Mr. Hamdan Mohamed Al Morshedi. This is an exciting partnership that will enable us to showcase our outstanding performance and deliver an exceptional impact through utilizing our in-tegratedPR/Communicationsservices.”

Renno added: “Our agency is defined byboth its creativity and commitment to the delivery of unparalleled levels of client servicing.As the trustedPRagencyacrossMENA for Facebook,Groupe SEB, Poten-tial.com,Nimbuzz,UAEInternalAuditAs-sociation,tonameafew,RennoCGwillof-fer the Arab Business Club the professional communications tactics it requires to take

its brand reputation to the next level of re-gionalandglobalrecognition.”

With over 8,500 members spanning across the UAE and the world, ABC have since its inception in 2008 served as a unique plat-form, offering a robust link between profes-sional and business leaders in the Middle East and the rest of the world. The organi-zation aims to establish and foster cross-cultural understanding among the business communities through the organization of numerous business networking events, con-ferences and high profile delegation visits,thus allowing companies and business pro-fessionals to expand their outreach and im-prove their business development.

“Mr.HamdanMohamedAl Morshedi, President and Chairman of the Board, Arab Business Club:“thestrategicalliancewithRennoCommunications Group comes as a clear indication of ABC’s determination to partner withareputablePRagency that possesses a proven track record of professional management ofdiversifiedindustriesand sectors across the region.”

“SamerRenno,ChiefExecutiveOfficerofRennoCommunicationsGroup:“Iampleasedtobe given the opportunity to work closely with the Arab Business Club, represented by Mr. Hamdan Mohamed Al Morshedi. This is an exciting partnership that will enable us to showcase our outstanding performance and deliver an exceptional impact through utilizing ourintegratedPR/Communications services.”

NEWS

The announcement was made at Mobile World Congress in Barcelona by Ooredoo Chairman Sheikh Abdullah Bin Moham-med Bin Saud Al-Thani. Argentinian foot-baller, Lionel Messi, was also appointed global brand ambassador and Ooredoo pledged to support the Leo Messi Founda-tion.

“WithOoredoo we have chosen an Ara-bic word that means ‘I want’”, explainedSheikh Abdullah Al-Thani.

“Webelieve that youngpeople shouldbegiven the life chances that mobile technol-ogy can provide; that under-served com-munities shouldbe able to access the In-ternet; that every woman should have an equal opportunity to use a mobile phone; and that entrepreneurs and small busi-

nesses should be able to receive business services tailored to their needs. Our new brandreflectsthesebeliefs,”saidHisExcel-lence.

Ooredoo has experienced significantgrowth over the last six years, transform-ingfromasinglemarketoperatorinQatarto an international communications com-pany with a global customer base of more than 89.2 million people (as of 30 Sep-tember 2012) and consolidated revenues of$6.8billionforthefirstninemonthsoffiscalyear2012.

Delivering mobile, fixed, broadband in-ternet and corporate managed services tailored to the needs of consumers and businesses in emerging markets, Ooredoo has been the fastest-growing telecommu-

nications company in the world by reve-nue since 2006 and its enterprise value has more than tripled since 2005.

The company has initiated a major mod-ernisation programme across its core network and is investing for the future to deliver high speed broadband as new fre-quencies and new technologies open up.

Dr.NasserMarafih,GroupCEO,Ooredoosaid: “It is our belief that we can betterserve our global customers by leverag-ing the combined resources and assets of a strong, unified global business underone brand. We also believe that rebrand-ing now will help us to maintain our mo-mentum in the face of new realities for the industry, signaling our commitment to be-comeaglobalforce.”

QtelgroupandallofitsoperatingcompaniesintheMiddleEastandNorthAfricaaretobeknownasOoredoo.FormerlyQatar’sexclusivetelcoprovider,thefirmal-readyhasacontrollinginterestinginQtelinQatar,IndosatinIndonesia,WataniyainKuwait,NawrasinOman,TunisianainTunisia,andNedjmainAlgeria.

QtelGrouprebrandsasOoredoo


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Kazakhstan to Host EXPO-2017Kazakhstan, the country located in the heart of Eurasia, made another huge step towards being a visible nation, with no relation to its massive geographical size. This is to say that this Central Asian country appeared to be the first country of former Soviet Union, which will host in 2017 EXPO world international Exhibition which will be held under the slogan: “Energy of the Future”.

In June 10, 2011 Kazakhstan officiallyarticulated its bid to host the EXPO-2017. The official Kazakh representa-tives submitted to the Secretary General of the Bureau the Kazakh bid.

OnNovember22,2012Kazakhstanwaselected in Paris, where 157 member-states of the Bureau of InternationalExpositions gave the majority of their votes to the Kazakh capital Astana.

Kazakhstan joinedtheBureauofInter-national Exposition in 1995 but only since 2005 the Kazakh expositions ap-peared at EXPO events. But every new appearance of Kazakhstan at EXPO re-vealed tangible enlargement of the Ka-zakh national sector at the Exhibition. The first appearance of Kazakhstan at EXPO-2005 in Japan the national ex-position area was about only 324 sq. m. But in EXPO-2008 and EXPO-2010 in Saragossa and Shanghai Kazakhstan’s exposition area totaled 590 and 1500 square meters respectively. However, the growing Kazakh participation was not only about physical extension of the national exhibition area but it also

stressed the quality of that participa-tion.InthisregardinSpanishSaragossathe Kazakh exposition was awarded out of 104 states by the 3rd Prize for the quality of internal and external embel-lishment of the national exposition.

The slogan of the EXPO-2017 in Astana will“EnergyoftheFuture”,whichdefi-nitely seems to be a right choice for a country endowed with enormous natu-ral energy resources, namely oil, gas and uranium. However, not only energy producing countries, but also the con-suming nations undoubtedly must share the concern of what the world might be-come after the depletion of oil and gas reserves worldwide. Keeping in mind that oil extraction rates are decreasing and its price steadily grows, the world is expected to start using alternative sources of energy. This is why Kazakh-stan’s bid to host EXPO-2017 under such slogan might be a good opportunity for the world to witness the latest achieve-ments in creating these new sources.

EXPO-2017 will undoubtedly be a mas-sive event not only for Kazakhstan, but

for the entire area of Central Asia, which gets the chance to demonstrate world-wide its enormous economic poten-tial. On the other hand, the rest of the world will definitely enlarge its knowl-edge about Kazakhstan, which became the first Muslim population dominated country to have been honored to host such a global-scale event, like EXPO Exhibition.

MEMBER PROFILE

Samer RennoThe Man Who Changed the PR Scene in the RegionSamer Renno started his career as a journalist and writer, where he travelled and covered stories from major troubled areas in the region, until he settled to writing business stories, which helped him grasp the corporate world in all its sectors. Later, in the mid-90s, he found his passion in PR and embraced that as a career. He aligned his journalism and writing skills with the professional PR discipline, with the aim of creating a communications bridge between organizations and their target audiences, be that in the public or private sectors.

aunched in 1999 in Beirut, LebanonasRenno&Associatesand in 2007 expanded region-ally with the launch of the Dubai

operation and in the same year opened an office in Cairo, as part of an ambitious ex-pansion plan that was intended to service their existing clients who were requesting their services in those markets. The main objective behind launching the Agency was to provide international standard of Public RelationsandCommunicationsservicestothe private and public sectors, adding to them the company’s strong understanding of the local cultures and needs that com-panies operating in the Middle East region require. A Success StoryRenno Communications Group was builton Five Brand Values: Ethics, Transparency, Pro-Activity, Resourcefulness, and Dyna-mism. The agency’s mission is to deliver outstanding value and support to clients by increasing their brand exposure throughout theMiddleEastandNorthAfrica(MENA)regions.AtRennoCommunicationsGroup,

the vision is to exercise professionalism, in-tegrity, honesty and experience to become theleadingandformidablePublicRelationsconsultingfirminMENA.

“I am an entrepreneur and innovationis a key trait that I amproud to possess.I stronglybelieve inourability todeliverservices that match, if not exceed, our counterparts in the developed world. As such, I haveworked relentlessly over thepast years in order to stand out from the crowd and innovate new communications tools that will ultimately aide our clients and prospective ones in achieving their goals and objectives in a more strategic manner,”Rennosays.

Renno believes that clients around theregion, and this fact may apply as well to the majority of developed and develop-ing markets, require from their consulting partners the in-depth knowledge and close management of their communications requirements, coupled with the transpar-ency and work ethics in executing the deliverables, as such he has developed a regional boutique agency that is able to deliver leading-edge services and work

with clients as part and parcel of their own entities by becoming an active extension to any company’s communications and/ormarketing departments: “I believe therole of aPR agency is highly essential tothe maintenance of any brand’s position-ing both among its key stakeholders and targetmarkets.”

Renno Communications Group pro-videstodayafullcircle(360degrees)ofPR/Communications services such as, External Communications (Press Office), InternalCommunications, B2B Relations, CrisisManagement, Corporate Social Responsi-bility,MarketCommunicationsIntelligence,MysteryShoppingandCustomerRetentionPrograms, and Perception Audits.

AchievementsOver the past 14 years since its inception, the Agency gained the trust of a multitude of local, regional and multinational clients, from a wide spectrum of sectors and indus-tries, who believed, and rightfully so, that their brands’ reputation can be safeguarded and managed in the utmost professionalism atRennoCommunicationsGroup.


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The Man Who Changed the PR Scene in the Region

Throughout the years since it was founded theAgencymanagedPepsiCoInternational,IntelCorp,CA,AmlakFinance,Showtime,Business Software Alliance, MTC Group (currently known as Zain), to name a few, and most recently the compay is proud to betheMiddleEastNorthAfricaPRagencyof the world’s largest social network brand, Facebook, inaddition tomanaging thePRaccounts of the global French company – Groupe SEB – which owns well-known home brands such as Tefal, Moulinex, Rowenta,amongothers.

Renno Communications Group is alsothePRAgencyofNimbuzz(aglobalVoIPandInstantMessagingnetwork),Potential.com,My-HDMedia,theUAEInternalAu-ditAssociation,AlNoorTrainingCentrefor

ChildrenwithSpecialNeeds,andWipro.“WecurrentlymanagetheentireMiddle

East North Africa (MENA) regions, withtwo existing offices in the UAE and Leba-non, in addition to utilizing a network of on-the-ground project coordinators, who we have identified and worked with in each of the major markets in the region, where they provide us with the support necessary to ensure projects are managed in the best possible manner and most importantly in accordance with our processes and guide-lines. I have also forged a global alliancewithoneoftheworld’sreputablePRagen-cies, Text 100, thus becoming this agency’s exclusive Licensed Partner in the MENAregion. Text 100 has presence in around 90 cities across the world; hence our alliance

ensuresthatourclientsintheMENAregioncan be serviced globally, if required, and vice versa,”saysthePRtycoon.

Solid PotentialRennoenvisionstheMiddleEastasanim-portant market that’s been developing in many sectors, among them ICT, Travel &Tourism,Telecommunications,RealEstate,to name a few. He believes that slowly but surely, the majority of global brands and companies are eyeing this region, and with their entry we can witness a major focus on PRservices,tobetterpositiontheirgrowthand ensure their key messages are commu-nicated effectively to the local publics. As forthePRdisciplineinparticular,Rennoisconfident that there are still major markets

“Iamanentrepreneurandinnovation is a key trait thatIamproudtopossess.Istronglybelieveinourability to deliver services that match, if not exceed, our counterparts in the developedworld.”



MEMBER PROFILE

that haven’t quite grasped the crucial role ofPRandstillconfuseitwithfreeadvertis-ing:“Forthat,PRagenciesandpractition-ers’ alike play an important role in creating awareness for the discipline and the key tacticsthatitoffersinordertotakePRinthe region to the next level of competitive-ness with their counterparts in the world. I am confident that theMiddle East willembracethePRdiscipline.”

The differentiating FactorRenno Communications Group is oneoftheoldestregionalboutiquePRagen-ciesintheMENAregion,anditsstrongknowledge of the various local/regional cultures, in addition to the global busi-ness environments/cultures, give it an edge as being a full-fledged company that continuously evolves to better serve its clients and innovate to stay ahead of the game: “We are known as an agencythat delivers in accordance to our prom-ises, and we provide the needed con-sultancy and advice to better serve the

interests of our clients. Our key differen-tiator has always been our ability to sus-tain and evolve in critical times that the region has passed by, thus providing the confidence to our clients that we are not only a stable company, but also that we possess the survivalist attitude to grow andprosperduringtoughtimes,”Rennopoints out. Fast Forward Renno’s perfectionism and desire to de-liver the best possible customer service to his clients helped in positioning his agency as one of the most reputable in the region, butastowheredoesthePRlegendseehiscompany and himself in 10 years from now,Rennosaid:“In10yearsI’dlikestillbelearning and working to perfect things in my life and my business; my aim is to make a difference and continue to innovate and dreamofmakingPRthefirstoutsourcingchoice for companies and organizations in theMENAregion.Ialsohaveplanstowritea book or two, but will this happen within thenext10years?Ishouldhopeso!”

“In10yearsI’dlikestill be learning and working to perfect things in my life and my business; my aim is to make a difference and continue to innovate and dream of makingPRthefirstoutsourcing choice for companies and organizations in the MENAregion.”

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© Bennett Jones 2012. All rights reserved.

Bennett Jones in the Middle East

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BennettJones_ArabBusinesMag_Jan2013 Final.indd 1 26/11/2012 8:56:47 AM

I raq…Where Risk Meets Reward!

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Iraq has changed. As normal life begins to resume, economic activity has revived. Demand for all types of goods and services is growing fast. The focus is on reconstruction as the government rebuilds essential infrastructure, from power and water utilities and transport infrastructure to residential housing. At the same time, the government is investing in the essential economic infrastructure; including oil fields and the mid- and downstream pipeline, petrochemical, and fuel distribution sectors.

Iraq presents a huge commercial opportunity across a broad range of sectors. After five years when security was the dominant issue in Iraq, the country has now entered a new, positive phase. As the Iraqi government and security forces have stepped up their capacity, the environment for trade and investment has transformed for the better. Millions of Iraqis now have the freedom to live, to trade, to work and to travel without fear. Security improvements are now substantial and tested. There have been notable improvements in the regulation of the business environment. The private sector has grown more important and is open to foreign investment for the first time in decades. These factors combine to create opportunities for trade and investment on an unprecedented scale.

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Overall Investment Climate

Interest in investing in Iraq has risenstrongly, following substantial improve-ments in its security situation in the last year. Potential investors still note security concerns, but now are more likely to cite regulatory hindrances and other practical barriers to doing business as their key is-sues. While the end of 2009 and early 2010 saw a series of high-profile bombings tar-geting hotels and government offices, the frequency of broader sectarian violence and acts of war and terrorism continued to de-cline during 2009. This provided the Gov-ernmentofIraq(GOI)andtheIraqiprivatesector the opportunity to make substantial progress toward improving the business and investment climate. In particular, theGOI expanded the capacity and function-

alityoftheNationalandProvincialInvest-ment Commissions and passed an amend-ment to the National Investment Law toclarify land use issues; the private banking sectoralsoenjoyedgrowth.TheGOIheldtwo oil licensing (“bid”) rounds in which44 foreign firms were allowed to bid for contracts to develop a substantial portion ofIraq’soilresources(fieldsholdinganes-timated 62 billion barrels, or 54 percent of its proven reserves). The awarded contracts couldincreaseIraq’soilexportcapacityby500 percent over seven years, although in-ternal infrastructure limitations and other factors will likely limit realization of this exportpotential.Iraq’soillicensingroundsin 2009 may have been the world’s largest ever and were widely regarded as open, eq-uitable, transparent, competitive, and free from corruption.



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The oil contracts awarded are expected to bring billions of dollars in foreign di-rect investment in the coming years and spur the growth of the foreign and do-mesticprivatesectorinIraq.

Despite these positive developments, the overall investment climate remained difficult and challenging, especially for small and medium investors. Potential investors should prepare themselves for significant security costs; cumbersome and confusing procedures for business visas or new business registration; long payment delays on some Iraqi govern-ment contracts; and sometimes unrelia-ble, non-transparent dispute resolution mechanisms. Allegations of corrup-tion are still endemic, and the legacy of central planning and inefficient state-owned enterprises continue to inhibit economicdevelopment.Inits2010Do-ing Business Report, the World BankrankedIraq153outof183ontheeaseof doing business.

The GOI has publicly stated its com-mitment to attracting foreign invest-ment and took several steps in 2009 to improve its investment climate. The government passed long-awaited im-plementingregulationstotheNational

Investment Law (NIL) of 2006, whichprovides a baseline for a modern legal structure to protect foreign and do-mestic investors in addition to tax and otherincentives.Additionally,theGOIpassed an amendment to theNIL thatallows for limited foreign ownership of land, albeit solely for the purpose of developing residential real estate pro-jects. The amendment also sought to bring clarity to land allocation and use, a major inhibitor to investment. Unfor-tunately, a large majority of licensed in-vestment projects remain stalled due to continuing confusion over land use re-sponsibility at both the provincial and national level.

Formed in accordancewith theNILof2006, the National Investment Com-mission (NIC) and the Provincial In-vestment Commissions (PICs) are de-signed to be “one-stop shops” that canprovide information, sign contracts, and facilitate registration for new for-eign and domestic investors. The NICand the PICs, however, are still worksinprogress.InvestmentCommissionersstruggled with unclear lines of author-ity, budget restrictions, and the absence of regulations and standard operating procedures. An overall lack of legisla-

tive clarity regarding the NIL and theGOI’srelativelackofinfrastructureco-ordination meant that the majority of theinvestmentsthathavereceivedNICapproval have yet to break ground.

Both the national government and the Kurdish Regional Government (KRG)have the right to regulate investment. The KRG has its own investment law(Law 89 of 2004). The most significant difference between the KRG invest-ment law and the national law is that the regional law allows foreigners to ownland.UndertheIraqiConstitution,when there is a contradiction between regional and national legislation in the area of land ownership, the regional law becomes applicable.

Prospects of Doing Busi-ness in Iraq

Some positive indicators of business opportunities are:

• High growth rate and high revenue from oil: TheWorld Bank and IMFproject a high GDP growth rate of 10% in 2013, primarily driven by steadily increasing oil production and high prices for energy. Currently, Iraq’soil production is up to 3 billion bar-rels per day (bpd), of which around 2.3 million bpd is exported. With oil prices at about $90 per barrel, Iraq’sproduction rate translates into rough-ly$100billionayearinrevenue.Iraqhas the world’s fourth-largest oil re-serves and aims to export 6 million bpd by 2017. According to the IEAWorld Energy Outlook (2012) special report,Iraqcouldbecometheworld’ssecond-largest oil exporter within two decades and double its output by 2020.

• Increased government spending: High revenues will keep government spending on the higher side amidst mounting pressure to provide basic services. This will buttress economic growth. Oil revenue will provide the necessary funding for development of

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infrastructure and other sectors of the economy, which along with ongoing economic and legislative reforms are creating an environment conducive to investment. The need for investment is high if jobs are to be created to bring down the current employment rate of 15% by half.

• Laws in place for foreign Investment: Some laws on foreign investment are already in place. The foreign invest-ment law passed shortly after the 2003 invasion now permits 100% foreign ownership of businesses in all sec-tors except oil and mineral extraction. Largely, the law tries to establish equal-itybetweenforeignersandIraqisonallterms of commercial interaction. As a result of the legislative reforms, foreign investment has grown from $3.87 bil-lion in 2003 to $55.67 billion in 2011, an estimated 40.3% increase in total deal value over the previous year, ac-cording to Dunia Frontier Consultants.

• Diversificationofeconomy: Iraqhaslacked capital, technology, and skills for more than two decades due to prolonged sanctions and war. These vital inputs are needed in one and all sectors of economy as the country re-builds, and the government recogniz-es the fact that foreign investors can bring themall.The Iraqi governmentis keen on diversifying the economy away from oil and has steadily opened the market to attract external invest-ment and joint ventures in housing, in-frastructure, industry, manufacturing, agriculture, food processing, transpor-tation, financial services and tourism. To facilitate investment, the NationalInvestment Law 13 (2006) has beenamended to allow non-Iraqis to ownland for housing projects, as well as investment partnerships with state-owned enterprises. The same Law ex-empts foreign companies from tax for up to ten years and import fees for a period of three years.

• Economic reforms: Iraq is makingsome progress in building the institu-tions needed for an open economic environment. In February 2010, Iraqconcluded a Stand-By Arrangement (SBA) with the IMF that details fur-ther economic reforms. This legisla-tion includes a hydrocarbon law with two basic aims: a) establishment of a modern legal frameworktoallowIraqto develop its resources and b) enact-ment of a revenue sharing law to eq-uitably divide oil revenues within the nation. Although both are still under contentious political negotiation, for-eign oil companies have signed con-tracts throughout Iraq, giving them a“strategicentry”atthistimethatwouldensure better/larger market share in the future.

• Opportunities in retail sector: Iraq’sheavy import-reliance implies that there is great potential for investment in the retail sector.

COUNTRY FOCUS

Challenges for Businesses in Iraq

However, challenges of doing business in Iraq abound.As it stands, Iraq ratesas one of the worst places in the world to do business, languishing at 166 out of 183 countries, according to a World Bankreport.ForstartingabusinessIraqranks even lower, at 174. Yet, this has not deterred foreign businesses from coming in. Some of the specific problems are:

• Security:The first and foremost prob-lem is security. While the security en-vironment has steadily improved since 2010, attacks on people and institu-tions occur on a more or less regu-lar basis, perpetrated by al Qaeda’sIraq wing and allied Sunni insurgentgroups. A shaky federal government, rife with bitter sectarian and politi-cal fights, together with weak security services, have allowed militia and in-surgent groups to assert themselves time and again, although the incidence

of violence has dramatically decreased since the height of sectarian fight-ing of 2006–2007. Iraq still remainsa high-risk place to invest with possi-bility of renewed violence and politi-cal instability. The security situation in the Iraqi Kurdistan Region (IKR),which includes the provinces of Sulay-maniyah, Irbil, and Dahuk, has beenmorestablerelativetotherestofIraqin recent years, though threats remain.

• Corruption: As is the case with most developing economies, corruption in Iraq remains high. According toTransparency International’s Corrup-tion Perception Index (2012), Iraq isranked as the seventh most corrupt country in the world. Problems in Iraqincludea lackof transparencyingovernment regulations, government involvement in bribery and preferen-tial tenders, embezzlement of public funds, a weak judicial system, feeble role for public opinion and the media in confronting corruption, and the ineffectiveness of public sector anti-

corruption efforts. The National En-dowment for Democracy in its IraqiBusinessSurveyReport(2011)namescorruption as the topmost factor hin-deringthegrowthoftheIraqibusinesssector.

• Lack of Transparency: In order toimprove the business environment in Iraq, there is also apressingneed forimproving transparency within gov-ernment procurement/contracting procedure in Iraq. Government con-tracting is one area where businesses perceive a high level of illegal activ-ity, especially when it comes to con-tract grants, raising question of crony capitalism rather than free and open competition. TheIraqi government’sability to tender projects is funda-mentally weak, says the Department of Commerce Guide for US Compa-nies (2012). Across the board, there are institutional capacity issues with regard to due diligence, project award, approvals, implementation, financing, and payment.


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• Unequippedbankingsystem:IfIraqisto attract substantially greater foreign investments, banking sector reforms are imperative. Althoughthe bank-ing sector assets have grown rapidly over the lastfiveyearsowing tomas-sive oil revenues, banking infrastruc-tures and operations have not kept pace with economic expansion. There are currently 51 banks in Iraq, sevenof which are state-owned and hold 89% of the country’s bank deposits. State-ownedbanksare inefficient andridden with bad debts and old losses. Despite being awash with liquid-ity, they have remarkably low lending rates as compared to the plethora of small, privately owned banks that are undercapitalized and therefore do lim-ited lending. This highlights an urgent needforalevel-playingfieldforcom-petition from the private sector. As state-owned banks are favored vehicles fortheIraqigovernment’sexpenditurepolicies, restructuring may force more transparency on its own fiscal activ-ity,amovethatmaynotyetfindfavoracross board.

• Intellectual Property Rights (IPR)issue: Enforcement and protection of intellectual property rights is another area of concern for business in Iraq.TheIPRfunctionisspreadoversever-al ministries, which thwarts a coher-ent policy. Although in July 2011, the IraqiGovernmentimplementedanewpre-certification requirement for most imported product categories, counter-feit products in consumer goods and electronics are widely available.

• Undeveloped arbitration law: Arbi-tration law for settlement of commer-cialdisputesisundeveloped.Inaddi-tion commercial arbitration courts are needed in different provinces to set-tletradedisputesinvolvingnon-Iraqibusiness partners. The Iraqi govern-ment is currently drafting an arbitra-tion law based on UN InternationalCommission on International TradeLaw relating to international commer-cial arbitration.

• Internal dispute over oil rights: A critical issue that could impact Iraq’ssustained inflow of high revenue is the dispute over oil rights. The country’s government must overcome internal the dispute over oil rights with the au-tonomousKurdistanRegionalGovern-ment(KRG)basedinIrbilinthenorth.Ifthegovernmentfinalizesthehydro-carbon law and resolve its dispute with KRG, it would offer greater clarity toforeignoilinvestors,whoarekeytofi-nancingIraq’sgrowth.ManywarnthatIraqneedssustainedinvestmentof$25billion a year on average for a decade to increase its level of output.

Rosy Course despite All Challenges

Nonetheless, the immense potential ofIraqieconomyissteadilyattractingfor-eign investors. The above-mentioned study by Dunia found over 45 countries activeinIraqin2011,inthefieldsofin-vestments, service contracts and other commercial activities into the country. Foreign investments have gone into top

sectors such as residential real estate, oil and gas, electricity, water and sanitation, defense, medicine, commercial real es-tate and telecommunications, despite shaky security situation and political uncertainties.

In 2011, Asian countries were numberone investors, constituting 42% of the total investment in Iraq, followed byEurope at 25.1% and the US at 12.4%. Among the Asians, South Korea topped the list, cornering 25.5% of the total in-vestments. Turkey from the West Asian region stood a distant second at 6.6% followedbyChina,UAEandIran.

Some indicative investments by Asian countries are as follows:

South Korean investment went primar-ily into construction of housing units, water and sanitation, and electricity in-frastructure. The country is also building power plants, most notably a 1500-meg-awatt power plant in Basra. Turkey is heavily into the housing sector, building largeunitsinKarbala,Ninewaandinter-national zone near Baghdad.


Itisalsobuildinga750-megawattpow-erplant inNinewa.Chinahas investedheavily in the oil sector and electric-ity and power plant. Shanghai Electric is involved in expansion of Zubaidiyya power plant in Wasit and China Na-tional Machinery and Equipment Cor-poration is involved in the construction of 630-megawatt power plant, Sala-huddin. UAE’s large investments have gone into building malls and shopping centers in Kurdistan. National IranianGas Company is engaged in construct-ing of natural gas export pipeline. A 4,125-megawatt power plant in Wasit is another striking investment by Iran.India’s modest investment includes a550-megawatt power plant, Wasit, by India’s Bharat Heavy Electricals Lim-ited. Saudi Arabian companies have shown interest in the agricultural sector but nothing has materialized yet, proba-bly owing to frosty diplomatic relations between the two countries.

Companies from Asia are beating their

European and American rivals in in-vestmentsinIraq.Beingmorepronetorisk-taking, they are cashing in on the opportunity to establish businesses that would be profitable in the long-term. The fact that foreign companies from all over the world are willing to invest means that they are looking past the perceptionofIraqasadangerousplacefor sustained business. The profitable developments in oil sector and improve-ments in security are boosting investor confidence.

Many needs and much money

After decades of war and sanctions, Iraq’sneedsaregreat,andithasmoneytospend.Iraqranksfourthintheworldin proven oil reserves, and the rising price of oil has buoyed its cash reserves.Iraq has been issuing contracts to de-velop its oil fields and has sought help to rebuild its decrepit electrical grid in

an effort to keep up with skyrocketing demand as people buy TVs, air condi-tioners and other appliances.

Iraq is also facing a housing shortage.Lastyear,Iraqannounceditwasaward-ing a contract of $11.28 billion to a Turkish consortium to help rebuild Sadr City, a sprawling Shiite slum in Bagh-dad, according to the Dunia report.The contract calls for building 75,000 homes, in addition to schools and mosques in a slum where sewage pud-dles in the streets and families are crammed in aging buildings.

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“ThemostsignificantdifferencebetweentheKRGinvestmentlawandthenationallawisthattheregionallawallowsforeignerstoownland.”

ARAB BUSINESS CLUB


Key Economic Statistics

GDP: $131B USDPer Capita Income: $4,360 USDWorkforce: 7,740,000Consumer Price Inflation: 6.8%Key Agricultural Products:Wheat,Barley,Rice,Vegetables, Dates, CottonKey Sectors: Oil and Gas, Petrochemicals, Textiles, Leather Goods, Construction Materials, Food Processing, Metal Fabrication Average Daily Oil Production: 2.4M BarrelsAverage Daily Oil Exports: 1.8M BarrelsProven Oil Reserves: 115B BarrelsProven Natural Gas Reserves: 3.2T Cubic Meters


RESOURCES INVESTMENT

Using a written partnership agreement to formalize your partnership arrangement saves personal grief down the road because it allows you and your partner(s) to agree on how you’re going to handle particular situationsbeforetheyarise.Itwillmaketheday-to-day operation of your partnership smoother and prevent problems from escalating into full-blown crises.

And don’t dismiss the necessity for a partnership agreement because your proposed partner is your good friend; some of the ugliest partnership breakups

I have heard about or witnessed haveoccurred between friends who assumed that they knew what their friend thought or would do.

Elements of Good Partnership AgreementsA good partnership agreement has to provide answers to these questions:

1)What is the financial contribution ofeach partner?Memory is fluid and unreliable. You want

to ensure that the financial contributionthat each partner brings to the partnership is written down in your partnership agreement in case of later disagreement.

2)What is thedivisionofworkbetweenthe partners?It’scriticaltogetthissortedoutbeforeyoustart operating as a partnership, because this is the most common way that partners step on each other’s toes. What will each partner actually do? How will they do it day to day? Who’s responsible for what decisions?

Key Questions to Be Answered in Partnership Agreements

When a Handshake Is Not Enough…You can, of course, create a general partnership agreement with a handshake - but it’s not smart. Like any relationship, partnerships are fraught with opportunities for disagreement and misunderstanding. But unlike most relationships, once you enter a partnership agreement with someone, you’re legally yoked to them until the partner-ship is officially dissolved.

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3) What constitutes income in thepartnership?Obviously you hope that your partnership makesaprofit.Buthowwillpartnersdrawincome from those profits? If it’s agreedthat partners will draw salaries, how much and how often? What percentage oftheprofitswillbeplowedbackintothebusiness?

4) What property is included in thepartnership and how is it defined?Partners often bring property to the partnership that is less tangible that a piece of land or a building. Client lists, computer applications, goodwill, process designs - whatever intellectual or personal property that a individual brings to a partnership needs to be itemized and described in your partnership agreement. And if a partner is bringing tangible property to the partnership, get that written down and described, too.

5) How will/can partnership propertybe used by individual partners?Sometimes property use is obvious. Iftwo people decide to partner to open a restaurant and one partner brings a property that she owns with a building suitable to being a restaurant on it to the partnership, that’s presumably what they would do. But sometimes it’s not. Does the creator of the web application want to allow the other partner(s) to modify it? Will the hairdresser share her clients? Get it sorted out ahead of time to avoid a lot of thorns.

6)Howwillbankaccountsbesetupandhow will accounting and tax matters be handled?Obviously your partnership will need a business account. But how will signing

privileges be set up? Will your business use a line of credit? Can purchases be made without the consent of other partners? Will your partnership use a bookkeeper and/or accountant or will one of the partners do this?

7) How will disputes related to thepartnership be resolved?It’s very nice to say that “we’ll sit downand discuss whatever issue comes up”.And you and your partner(s) may well do that. But that doesn’t mean that you’ll agree. Turning over your dispute to a mediator agreed on in advance is one way to break deadlocks. Another is to use your business advisory board to resolve disputes. Whatever way you choose, make sure that you have it written into your partnership agreement.

8)Whathappensifonepartnerdiesorbecomes disabled or incapacitated?If one partner becomes incapacitated ordies, how will the other(s) carry on the business? Making arrangements ahead of time can mean the difference between being able to continue doing business and business collapse. A buyout agreement is the answer; it specifies what happens tothe ownership of the business if something happens to one of the partners. A buyout agreement can be an entirely separate agreement or exist as several clauses in your partnership agreement.

9)Whathappensifonepartnerwantstoleave the partnership?This is also a situation that will be covered by your buyout agreement. Issues yourbuyout agreement should cover include whether or not a departing partner has to be bought out, what price will be paid and how, and who can buy the departing

partner’s share of the business. (This may be limited to other partners, for instance.)

10) How will sale of the business behandled?Any small business should have its exit strategy planned from the get-go but it’s even more important with a partnership.Ifsellingthebusinessistheplan,partnersneed to agree in advance on acceptable processes and numbers. Two prime areas of future disagreement; business valuation andprofit sharing.Commonlyone partner feels she put more into the partnership or worked harder, so is due a bigger share.

Partnership Agreements Are Essential

Planning ahead avoids disputes and costly court battles later.Nomatter howmuchof a friend your potential partner is, you should never enter a business partnership with him or her without a formally drawn up partnership agreement. Also, as partnership is a complex issue, I alwaysrecommend that people have partnership agreements drawn up by lawyers or other legal professionals who can explain partnership issues in more detail and make sure the partnership agreement says exactly what it needs to say.

ARAB BUSINESS CLUB

“How will partners draw income from those profits? If it’s agreed that partners will draw salaries, how much? How often? And what percentage of the profits will be plowed back into the business?”

RESOURCES – MANAgEMENT


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ARAB BUSINESS CLUB

1. Cloud Computing Small businesses can directly benefit

from the cloud computing business trend by using cloud-based applications to cut down on the expense and trouble of doing the same thing themselves. Using someone else’s mail servers through the Internetcanbemuchmorecost-effective(and hassle-free) than setting up your own email server in-house, for example, - especially if you don’t have a dedicated ITpersonordepartment.

But with increasing numbers of businesses looking to contract out business processes, small businesses are

alsowell-positionedtobenefitfromthecloud computing trend by picking up some business. It’s not size or locationthat matters with cloud computing, it’s expertise.

2. Social MediaSocial media is one of those business trends your small business can’t afford to ignore. Facebook isn’t just something that kids are using any more and social networks are increasingly becoming business networks as people’s social/personal/business lives converge. Simply put, if that’s where they are, that’s where you need to be if you want to sell more widgets.

That doesn’t necessarily mean that you need to get heavily into social media marketing this year (although if you do it properly, it can be a real sales booster). But you do need to at least start developing a social media presence for your small business.

If you’re just starting out with usingsocial media for business, my advice is to choose one social media tool and work with it over time. For instance, you might put up a Facebook fan page for your business and try to engage customers and get them interested in your products and services.

New Business Trends for 2013This article discusses the latest business trends that will affect the way we do business this year & beyond. Some of these business trends are sources of good business op-portunities; others are trends we need to incorporate into our small business practices to stay competitive and keep or grow our market share.

“Social media is one of those business trends your small business can’t afford to ignore. You do need to at least start developing a social media presence for your small business.”




3. Mobile Marketing Remember when people used to carry

around a laptop and a phone? It’ssomething we’re seeing less and less of because increasingly, what people used to do on their laptops, they now do on their phones. You don’t need a separate computer to browse the Web, work on documents or play games because phones are computers.

One implication of this business trend is that you need to be sure your business is mobile friendly. Are your web pages etc. available in mobile versions so they look good on phone screens? Another implication is that some of the desktops/laptops in your business may be redundant or replaceable with phones. And a third is that it’s time to develop a mobile marketing strategy as using mobile devices to research products is becoming common consumer behavior.

4. Rise of the Phone App This business trend is also consumer-

driven and closely related to mobile computing. Above, I said the phone isa computer. But it’s also so much more, thanks to the public’s insatiable appetite for phone apps. Business-wise, phone apps are replacing everything from mileage log books through credit card readers. An iPhone app called Square, for example, lets you accept credit card payments by plugging a card reader into your iPhone. (The iPad can also be used as a POS system.)

Your small business can benefit from this business trend by using phone apps to eliminate some of your other office equipment and supplies. You might also benefit by creating and selling your own phone app. The Amazon App is an (in)famous example of a shopping app; it scans bar codes and comparison shops, letting customers know if they can get

a better deal through Amazon’s website or not.

5. Corporate Social Responsibility

Corporate social responsibility isn’t just for big businesses; small businesses, too, can reap great benefits by beingperceived as good members of the community. It matters to consumersand it matters to other businesses, who want to make sure that their suppliers are as green and socially responsible as possible and appropriate to their own corporate images.

Thebenefit?Besidesbeingagoodthingto do it itself, it allows small businesses to compete with larger companies and can significantlyimprovethebottomline.Ifyou don’t already have a corporate social responsibility strategy, this is the year to get one in place and start publicizing your work for good causes.

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ARAB BUSINESS CLUB



f you have determined that a corporation is the right structure for your business you can follow these steps to become incorporated.

Please note that you should always consult an accountant and/or attorney if you have questions about the process.

Step 1: Choose Your Business Name

The first step is choosing a name for your business. An effective business name should fit what you do, how you do it and the audienceyouaretryingtoreach.Itshouldbe something people will understand and remember.

How to Incorporate Your Small Business

When you start a small busi-ness, you need to decide how to structure it. Each structure has pros and cons, and the best for-mat will depend on your business, location and spe-cific needs.

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ARAB BUSINESS CLUB

Once you create a business name, you should check with your state’s corporate filing office as well as federal and state trademark registrars to see if it’s available. It’salsoagood idea tocomeupwithanalternate name in case your first choice is not available.

Step 2: Identify Your Location

Next, you need to select a state as yourheadquarters’ location. This doesn’t necessarily need to be where you live or even where you expect to do the majority of your business, although sticking with your home state may be an easier process.

Some factors to consider when choosing a state for incorporation include the cost to incorporate, taxation and corporate laws.

Step 3: Select the Type of Corporation

Now, it’s time to decide what typeof corporation you will form. You can incorporate your business as a C Corporation, an S Corporation or an LLC. Each of these types has their own advantages and disadvantages, so you should explore the explanations of

each corporation type and consult a tax accountant for advice.

Step 4: Name the Company Directors

The next step involves selecting the directors. A corporation is required to have a board of directors who are effectively responsible for running the corporation. The selection of directors is a very important decision and can impact your business in many ways.

Step 5: Determine the Type of Shares

Next, you will select the type of sharesyour corporation will sell to stockholders. Inmany cases, corporations are private,limiting the availability of the shares to only a few individuals (your directors).

Step 6: Obtain a Certificate of Incorporation

You will then obtain and complete a Certificate of Incorporation, availablefrom your state’s corporate filing office. It will include your company name,purpose of the business, location and other information gathered in the previous steps.

Step 7: Process and File the Paperwork

The final step of incorporation involves submitting the articles of incorporation you prepared in the last step to the state, along with the required registration fee.You have the option of filing the paperwork yourself, through your attorney or by using a third-party service. You should choose the option that you are most comfortable with and the one that works within your budget.

Choosing the structure of your business is not an easy or small decision to make. Take the time necessary to gather all of the information you need to make an informed decision.

“Some factors to consider when choosing a state for incorporation include the cost to incorporate, taxation and corporate laws.”


MARKET INTELLIgENCE

Lebanon inks $348m deal for power plants

Egypt’s Arab Contractors award-ed $10m contract in Nigeria

Two Omani investment firms approve merger

Lebanon’s energy ministry has signed a $348m agreement with a Danish-German consortium to build new power plants in Jiyyeh and Zouk, The Daily Star has reported. British bank HSBC and the EKF, Denmark’s export credit agency, have offered to provide an extended loan for the project. Under the contract, Danish BWSC and German Man Diesel will build two plants, with a maximum ca-pacity of 272 megawatts, at the same locations housing Lebanon’s two biggest power plants.

Egyptian construction firmArab Contractors has said it hasbeen awarded a $10m contract to build a major government facilityinNigeria’ssouthernKanojoregion,Menahasreported.ThedealispartofaseriesofotherconstructionprojectsinNi-geriabeingmanagedbythestate-runfirm.In2012alone,thecompany submitted bids on construction projects in the West African nation worth a total of $165m.

OmaniinvestmentholdingfirmTransgulfInvestmentHold-ing and AlMadina Financial and Investment Ser-vices have announced plans to merge to create a ‘stronger entity,’ Muscat Daily has reported. The two firms hired KPMG as the independentconsultant to carry out the necessary proce-dures with respect to the merger. Transgulf Investment already holds a 19.64% stake inAl Madina Financial Services. The compa-nypostedanetprofitofOR2.33mfor the quarter ended December 31, 2012, compared with a net loss of OR311,705for the same period a year ago.

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Saudia to become a holding firm within 5 yearsKhaled Al-Molhem, the managing director of Saudi Arabian Airlines (Saudia) has said the carrier is to be transformed intoaholdingcompanywithinfiveyears,ArabNewshasre-ported.Fivenewcompaniesaffiliatedwiththeorganisationwill also be privatised, Al-Molhem added. Saudia has already privatised its catering, cargo and ground service divisions. The catering company has sold 30% of its shares in an initial public offering.

Dubai approves Dhs6bn island projectDubai has approved plans for a Dhs6bn ($1.6bn) new island project to be developed by state-ownedMeraasHolding, Reuters has reported.TheBluewaters Island development includes aDhs1bn, 210-metre high ferris wheel, the Dubai Eye, inspired by the 135-metre high London Eye on the River Thames. South Korea’s HyundaiContracting and Starneth Engineering, whose engineers helped build the London Eye, have been appointed primary contractors for the de-sign and construction of Dubai Eye.

ARAB BUSINESS CLUB



Abu Dhabi Group cancels $45bn Pakistan projectAbu Dhabi Group has cancelled a tentative agreement with Pakistani busi-nessmanMalikRiazHussaintobuildresidentialpropertiesonanislandatatotalcostof$45bn,Reutershasreported.Thecancellationcomeslessthantwoweeksafterthedealwassigned.“Itis...unfortunatethatdiscussionsbetweenthe parties could not reach any conclusion and the Memorandum of Under-standinghasbeencancelled,”thefirmsaid.

MARKET INTELLIgENCE

Ma’aden to build SR1bn gold production plant

Jordan mulling restarting Amman’s BRT project

Ma’adenGold and BaseMetals Co (MGBM), an affiliate of SaudiArabian Mining Co (Ma’aden), has signed a contract for the estab-lishment of Al-Dowaihi Plant for Gold Production with a South KoreancompanyatacostofmorethanSR1bn,ArabNewshasre-ported.Theplantwillrefineabouttwomilliontonnesoforeannuallyfrom Al-Dowaihi mine in the Makkah province and will produce on average 180,000 ounces of net gold annually, said Ma’aden executive president,KhaledAl-Mudaifer.MGBMoperatesfivegoldminesinthe kingdom, which have produced more than four million ounces of gold since 1988.

A Jordanian government committee has said the Bus RapidTransit (BRT) project is vital in resolving the growing trafficin the capital city and recommended that the Greater Amman Municipality (GAM) should restart the project after making minor amendments, Jordan Times has reported. Work on the project stopped in the summer of 2011 amid concerns over its feasibilityandfunding,beforethecabinetofficiallysuspendeditand halted all related tenders. The multimillion-dollar project, which GAM embarked on in 2009, involves operating premium, high-capacity buses that can carry more than 120 passengers and will run on a three-minute frequency during peak hours on segregated lanes along Amman’s busiest corridors.

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EVENTS’ DIARY

Arab Business Club 2nd Middle East Free Zone Event - 13th March 2013

Arab Business Club 2nd Banking and Finance Event - May 8, 2013

Arab Business Club Health Care Event - 11th September 2013

Arab Business Club General Networking Event - 9th October2013

Arab Business Club Energy, Oil, and Gas Event - 11th December 2013

The Middle East Free Zone Event aims to gather the Free Zone business leaders to talk about business freedom in UAE Free Zones. The event is also designed to tackle different strategies on how a certain organization can achieve sustainable competitive advantage in UAE and worldwide markets.

EVENT DETAILS: Date: 13th March 2013 Venue: Al Murooj Rotana, Sheikh Zayed Road,Dubai, U.A.E.

The 2nd Banking and Finance Event will bring together the Arab Business Owners, C Level Management of Companies within Banking, Finance, and Investments in Banks and Stock Markets. The program for the 2013 Banking and Finance Event is designed to focus on important current issues in banking and finance.

EVENT DETAILS: Date: May 8, 2013 Venue: Dubai, UAE

The Health & Care Event aims to be the foremost annual gathering of the Arab Business Owners Business owners and C level management Hospitals, Ministry of Health, Health Care City Hospitals, Pharmacies, Doctors, Medical Suppliers, Medical Universities, and Medical HR. The program for the 2013 Health & Care Event is designed to provide an unrivalled platform for the world’s leading manufacturers, wholesalers and distributors to meet the medical and scientific community from the Middle East and beyond.

EVENT DETAILS: Date: 11th September 2013 Venue: Dubai, UAE

The General Networking Event aims to be the foremost gathering of the high-profile business leaders in U.A.E. The program for the 2013 General Networking Event is designed to focus on the economic prospects of U.A.E.

EVENT DETAILS: Date: 9th October2013 Venue: Dubai, UAE

This event aims to be the foremost gathering of Business owners and C level management Oil and Gas Industries, Petroleum Companies, Oil Logistics and Investors in Oil and Gas. The program for the 2013 Energy, Oil & Gas Meeting is the place where oil and gas industry professionals get together to experience, discover, network, discuss and debate core industry issues.

EVENT DETAILS: Date: 11th December 2013 Venue: Dubai, UAE


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ARAB BUSINESS CLUB

Arab Business Club 2nd Middle East Free Zone Event - 13th March 2013

Arab Business Club 2nd Banking and Finance Event - May 8, 2013

Arab Business Club Health Care Event - 11th September 2013

Arab Business Club General Networking Event - 9th October2013

Arab Business Club Energy, Oil, and Gas Event - 11th December 2013

SPONSORING ARAB BUSINESS CLUB’S EVENTS FOR 2013Sponsors will maximize the return on their investment by combining event-marketing benefits with advertising and media relations.

• Achancetonetworkwithbusinesselites• Newbusinessopportunities• Internationalexposure• EmergingMarkets• WorldwideBranding• Marketingthroughevents&OnlinemarketingthroughArabBusinessClubonlineengine

Financial Terms & Conditions: For - Platinum, Gold, and Silver Sponsor 100% payment at the time of booking. If you are interested in taking up any of these sponsorship opportunities please fill in the sponsorship form on the next page and e-mail to [email protected].

If you would like to discuss the sponsorship in more details please feel free to contact: Events Department

Arab Business Club +971 4 358 3000 +971 55 968 7167 [email protected]

• 5VIPSeatsinthesponsoredevent• 12fullpageadin12seriesofABCMagazine.• Interviewforyourtopmanagementinour

magazine.• WebsiteLinkandLogoontheArabBusinessClub

Webpage (homepage/starting page)• Exposurethroughouronlinemediaaboutyour

offers and promotions to our members and to our registered users during our event period.

• Presentingyourmarketingmaterialsinthesponsored event.

• Speechbyyourtopmanagementatthesponsoredevent.

• CorporateMembership;EliteMembershipforCEOand 4 Premium member slots for Top Management

• LogoonInvitationfortheSponsoredEvent• Recognitioninpressreleases• Newssuppliedbyyourcompanytobefeaturedin

ABC magazine

• 3VIPSeatsonthesponsoredevent• 6fullpageadin6seriesofABC

Magazine.• Interviewforyourtopmanagementin

our magazine.• WebsiteLinkandLogoontheArab

Business Club Webpage (homepage/starting page)

• Exposurethroughouronlinemediaabout your offers and promotions to our members and to our registered users during our event period.

• Presentingyourmarketingmaterialsinthe sponsored event.

• Speechbyyourtopmanagementatthesponsored event.

• LogoonInvitationfortheSponsoredEvent

• Recognitioninpressreleases

• 2VIPSeatsonthesponsoredevent• 2fullpageadin2seriesofABC

Magazine.• Interviewforyourtopmanagementin

our magazine.• WebsiteLinkandLogoontheArab

Business Club Webpage (homepage/starting page)

• Exposurethroughouronlinemediaabout your offers and promotions to our members and to our registered users during our event period.

• Presentingyourmarketingmaterialsin the sponsored event.

• LogoonInvitationfortheSponsoredEvent

• Recognitioninpressreleases

Platinum Sponsorship AED 45, 000 per Event

Gold Sponsorship AED 35, 000 per Event

Silver SponsorshipAED 15, 000 per Event

SPONSORSHIP PACKAGES

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OPPORTUNITIES

Reference code: abc128

Dubai: Partner for a tourism company

DescriptionLeading and established tourism company in Dubai with its own compound is looking for a partner.

The offerCost: US$ 1-2m

Contact: [email protected]: +97150 886 4116


UAE: Importer for livestock from Angola

DescriptionWe need an importer for livestock from Angola

The offerCost: US$ 12m



Angola: Marines Service and Maintenance

DescriptionWe need an investor for a service facility for yachts and fishing boat engines in Angola. The offerCost: US$ 12m



Abu Dhabi: Partner for a tourism company

DescriptionLeading and established tourism company in Dubai with its own desert compound and contracts with leading airlines for sale.

The offerCost: US$ 12m



UAE: Importer for Timber from Angola

DescriptionWe need an importer for Timber from Angola



UAE: Tourism Company for Sale in Dubai

DescriptionTourism Company for Sale in Dubai: 100 Tourist Visa, 10 Transit Visa, No Office only License, Expiry Date for Trade License is at Feb 2013.

The offer:Cost: 575.000 AED, 275,000 AED Deposit

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To list your classified ad, contact: [email protected], Rate: $100 per listing

Reference code: abc115UAE: Magazine distribution serviceDescription:We cover distribution services of magazines to Governments, companies, Embassies & consulates, hotels, Airport lounges, etc, in UAE; we also handle distribution to Bookstores, Fuel stations, and other places that sell magazine.We also use distribution of magazine via Emirates post. We can send to our list, or you can provide us with your list. We can handle the National media council approvals for international magazines for distribution as well.


DiSTRiBUTiON


Oman: Importer for Riot Police Gear to Oman

DescriptionWe need a supplier for Riot Police Gear to Oman


SUPPliER


UAE: Business setup service

Complete solution for setting up your company in UAE, including company formation service sponsor/service agent, PRO service, market research, etc.

Please contact us at [email protected]: +97155 968 7177

SERViCES


UAE: J.V in Renewable Energy, Bio Diesel Plant in Al QouzDescription:an oppertiniouty to invest and become a partner in 100 MT PD Bio Diesel Plant. We use used cooking oil from various Kitchens n convert it in to Bio Diesel This is a Biodegradable substance used to run Diesel engine Truck or Generators. Also used as Recycled Base Lube in Automobile engine oil for blending. Plant is fully paid up n Urgent Require cash flow for Working Capital,100% production sold.The offerUS$ 555.000


Energy


UAE: Money Exchange License for Sale in Dubai

DescriptionMoney exchange license for sale in Dubai. It’s a new approval from central bank.

The offer: Cost: 2.700.000 AED No deposit

Contact: [email protected]: 00971 508864116

Financial Services


UAE: Labels and Sticker factory for sales

Description:Factory for stickers and labels cards with its equipment and machinery and valid trade license in Quz 4 area. Size is 2000 sq.ft, the income is between 300 to 500 thousand AED.

The Offer: US$ 365.000 (Negotiable)


manufacturing


UAE: Contracting Company for sale A contracting company (G+1 Grade, already finished meeting requirements to upgrade To G+4) with clean record and big government projects under construction.

Offer:Cost: US$ 838,000 Negotiable


CONSTRUCTiON


UAE: Furniture factory for sale DescriptionFurniture factory for sale with valid commercial trade license, 15 staff , accommodation: 6 rooms attached to factory, carpentry area, upholstery area , curtain area, painting area.The factory manufacture the following: doors, dressing rooms, sofas, wooden décor, curtains and all related furniture types.Area of the factory is 1500 square meters and it is located in Umm al-Quwain.

OfferCost: US$ 190,500


mANUFACTURiNG

List your ad here so it can be seen by thousands of investors and business men all over the world.

Contact:[email protected]

OPPORTUNITIESR

Education • Healthcare • Medical Research • Diagnostics • Retail PharmacyHealth Communication • Retail Opticals • Wellness • Nutrition Stores • Hospitality

Real Estate • Publishing •Trading • Marketing & Distribution

Growth Through Innovation

P. O. Box: 4184, Ajman, United Arab EmiratesTel: +9716 7438333, Fax: +9716 7431515, E-mail: [email protected]

www.thumbay.com

11 Sectors, 2200 Employees, Dealing with 175 Nationalities

Tel. : 04 - 3390055, Fax. : 04 - 3391007E-mail. : [email protected]

www.goldenneon.com

GMC

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أبريل / مايو ٢٠١٢اجمللة الصحية العصرية األكثر شهرة في املنطقة

Chocolate:The Newest Health Food?

ثقب األذن قد يكون

قنبلة موقوته

Healthy Habits for Your Family

العادات الصحية السليمة ودورها فى

الوقاية من األمراض

Top Ten Power Packed Foods

الشيكوالتة غذاء ودواء

Teenagers Ear Piercings: How to Avoid Infections

تطعيم االطفال و اعراضه اجلانبية

Five Easy Toning Exercises you can Do Anywhere

مضادات األكسدة

وكيف حتمى اجسامنا

Published by GULF MEDICAL UNIVERSITY | www.healthmagazine.ae | www.facebook.com/gmuhealth

www.healthmagazine.ae | www.facebook.com/gmuhealth | تصدر عن جامعة الخليج الطبية

Fitness | Health | Medical | Food | Lifestyleمؤسسة | متخصصة في | اعتماد | املستشفيات

Apr/May 2012THE MOST ACCLAIMED HEALTH & LIFESTYLE MAGAZINE IN THE REGION

R E S T A U R A N T

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C 30M 50Y 100

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Feel the difference ...HEALTH CLUB & SPA

The most acclaimed HEALTH & LIFESTYLE magazine in the regionHEALTH COMMUNICATIONS DIVISION

Colour Schemes: Solid Colour : PANTONE 348 C

Solid Colour : PANTONE - Yellow C

Solid Colour : PANTONE - 485 C

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�سركة ثومبي للت�سويق والتوزيع

THUMBAYTouching lives

Learn from the world “Healing through knowledge and wisdom”

for your eyes only


Education • Healthcare • Medical Research • Diagnostics • Retail PharmacyHealth Communication • Retail Opticals • Wellness • Nutrition Stores • Hospitality

Real Estate • Publishing •Trading • Marketing & Distribution

Growth Through Innovation

P. O. Box: 4184, Ajman, United Arab EmiratesTel: +9716 7438333, Fax: +9716 7431515, E-mail: [email protected]

www.thumbay.com

11 Sectors, 2200 Employees, Dealing with 175 Nationalities

Tel. : 04 - 3390055, Fax. : 04 - 3391007E-mail. : [email protected]

www.goldenneon.com

GMC

------

Dubai

001

Layout

07/09/2011

AMIRImranImran

---

Jobs2011/GMC/DUBAI/

1 : 200

15000mm

1372mm

2400mm

15000mm

Option 2

2060mm2200mm

2400mm

أبريل / مايو ٢٠١٢اجمللة الصحية العصرية األكثر شهرة في املنطقة

Chocolate:The Newest Health Food?

ثقب األذن قد يكون

قنبلة موقوته

Healthy Habits for Your Family

العادات الصحية السليمة ودورها فى

الوقاية من األمراض

Top Ten Power Packed Foods

الشيكوالتة غذاء ودواء

Teenagers Ear Piercings: How to Avoid Infections

تطعيم االطفال و اعراضه اجلانبية

Five Easy Toning Exercises you can Do Anywhere

مضادات األكسدة

وكيف حتمى اجسامنا

Published by GULF MEDICAL UNIVERSITY | www.healthmagazine.ae | www.facebook.com/gmuhealth

www.healthmagazine.ae | www.facebook.com/gmuhealth | تصدر عن جامعة الخليج الطبية

Fitness | Health | Medical | Food | Lifestyleمؤسسة | متخصصة في | اعتماد | املستشفيات

Apr/May 2012THE MOST ACCLAIMED HEALTH & LIFESTYLE MAGAZINE IN THE REGION

R E S T A U R A N T

THE

1255C 7476C3272C


C 30M 50Y 100

C 87M 55Y 56K 11

C 100Y 42

CMYK COLOUR CODES

GMC DIAGNOSTICS

1255C 7476C3272C


C 30M 50Y 100

C 87M 55Y 56K 11

C 100Y 42

CMYK COLOUR CODES

GMC DIAGNOSTICS

Feel the difference ...HEALTH CLUB & SPA

The most acclaimed HEALTH & LIFESTYLE magazine in the regionHEALTH COMMUNICATIONS DIVISION













TMDC

�سركة ثومبي للت�سويق والتوزيع

THUMBAYTouching lives

Learn from the world “Healing through knowledge and wisdom”

for your eyes only

30 Days Tourist Visa to the UAE

Arab Business Club is now providing its members with the unique service of securing a 30 days tourist visa to the UAE, hassle free and for a special rate of US 220$ only.For more information, please send your inquiries to [email protected]

Special Rates on Hotel Reservations

Arab Business Club is now providing its members with the unique service of offering special rates on hotel book-ing and reservations. We provide reservation in 5 and 4 star hotels and luxury hotel apartments, throughout the UAE. Options for short, long or permanent stay are avail-able.For more information, please send your inquiries [email protected]

Airport Pick-up / Limousine Service

Arab Business Club is now providing its members with unique transportation services that include:- Airport Pick-up.- Limousine service with driver.- Car rental services.We provide only the latest and most luxurious car and limousine brands, giving you an unmatched list of premium options to choose from.For more information, please send your inquiries [email protected]

MEMBERS’ EXCLUSIVE


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Business Set-up and Counseling ServicesArab Business Club, the premier global business leaders’ com-munity, is proud to provide its members with comprehensive and custom-tailored business set-up and counseling services that include:- Helping with license documents and requirements.- Providing influential and trust-worthy local partners.- Business counseling services (Business ideas,investment opportunities, business buying/selling,feasibility studies, market research, etc.)- Hiring and employment services.For more information, please send your inquiries [email protected]

so you don’tmiss it

List your events for free at www.events.ae

5Special Rates on Tours and SafarisArab Business Club is proud to provide its members with special rates on some of the UAE’s most attractive and sought after tour and safari programs. The offer includes plenty of unique and carefully planned activities:- Desert Safaris (different programs available)- Shopping Tours- Tours of all UAE cities- Adventures (several programs available)- Cruise ship ToursFor more information, please send your inquiries [email protected].

ARAB BUSINESS CLUB


ABC Latest Member List

MEMBERS’ LIST

NAME COMPANY DESIGNATION LOCATION INDUSTRY

Nada Yousuf Al Hashimi Ministry of Economy Director of Investment Department

U.A.E. Government

Abbas Al Hajj The Hospitality World Fze CEO U.A.E. Hospitality

H.H. Sheikh Jumah Bin Maktoum Bin Jumah Al Maktoum

SJM Group of Companies Chairman U.A.E. Conglomerate

H.E. Saif Mohammed Al Midfa Expo Centre Sharjah Director General U.A.E. Exhibitions

Dr. Sultan Al Shaali Al Shaali Group CEO U.A.E. Conglomerate

Dr. Mohammed Kassem Al Nami Saif and Jos L.L.C. Dep. General Manager U.A.E. Conglomerate

Ali A.Yateem Yateem Group Vice Chairman U.A.E. Trading

Khalid A.Yateem Yateem Group Director U.A.E. Trading

Kirill Vishensky LOGIS Middle East DMC Co CEO U.A.E. International Logistics and

Trasport Services

Gaya Zhakenova LOGIS Middle East DMC Co Manager - Business Development

U.A.E. International Logistics and

Trasport Services

Adel Saeed Jawas MYCO Shipping & Clearing General Manager U.A.E. Logistics

Petros Kallidis Elite Insurance Brokers Managing Partner U.A.E. Insurance Brokers

Jassem Mohamed Al Bloushi Sharjah Tatweer Forum Chairman U.A.E. Non-profit organization

Kamal Salim Al Yammahi Ministry of Foreign Trade Director, Strategic Planning & Institutional Excellence

U.A.E. Government

H.E. Abdul Aziz Al Harthi East of Oman Development Establishment

CEO Oman Transportation and Logistics


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In a glanceArab Business Club is an international business platform built for the World’s business elites; particularly those who are interested in building trustworthy and beneficial business relationswith the Arab World. We break through the barriers of culture, Geography and language and bring together elite Businessmen and women, investors, C-level management personnel and decision makersenabling fruitful business ties to be forged quickly and efficiently.

ABC Latest Member List

• Arab Business Club was established since August 2008.

• The Club has more then 8500 Members from 27 countries including Key business players, top management

professionals, decision makers and high-ranking diplomats.

• Promoting investment opportunities worldwide.

• Promoting our members’ services, products and investments.

• Business & investment matchmaking through our wide connections and regular events.

• Facilitating relations and communication with Arab governments and authorities. Bringing together investors and

investment opportunities owners.

• Hosting and organizing exclusive and trend-setting business and networking events.

• Leading and supporting investors & business delegations to/from the Arab World.

• Supporting business setup and establishment in the region through providing advice, feasibility studies, consultancy,

local partnerships and helping with licensing process.

• Providing Legal support and advice to our members.

• Hosting and organizing specialized events: Healthcare, Oil & Gas, Tourism, etc.a

BUSINESS CLUB

MAIN PArTNErs AND MEMBErs

B CM A L A Y S I A N B U S I N E S S C O U N C I L . U A E

marine B o a t s & Y a c h t s

International Logistics and Transport Services

RESOURCES - CONTACTS

Arab Chambers of Commerce & Industry

ALGIERS CHAMBER OF COMMERCE Chambre de Commerce Palais Consulaire B.P. 100 - Alger Ier Novembre 6, Bd Amilcar Cabral, Bab-El Oued. Algiers, Algeria Phone: (213) 2-574444 Fax: (213) 2-629991

BAHRAIN CHAMBER OF COMMERCE & INDUSTRY PO Box 248, King Faisal Highway Manama, Bahrain Phone: (973) 229 555 Fax: (973) 224 985

DJIBOUTI CHAMBER OF COMMERCE Place de LaGuarde PO Box 84 Djibouti, Djibouti

FEDERATION OF EGYPTIAN CHAMBERS OF COMMERCE 4, Midan El Falaki Street Cairo, Egypt Phone: (202) 3551164 Fax: (202) 3557940

FEDERATION OF IRAQI CHAMBERSOF COMMERCE P.O. Box 11348 Mustansir Street Baghdad , Iraq Phone: (964) 1-8888850 Fax: (964)1-8882305 FEDERATION OF JORDANIAN CHAMBERS OF COMMERCE PO Box 7029 Amman, Jordan Phone: (962) 6-665492/674-495 Fax: (962) 6-685997

KUWAITI CHAMBER OF COMMERCE & INDUSTRY Chamber’s Building Ali Al Salem Street. PO Box 775 13800 Safat, 13091 Kuwait Phone: (965) 2439155/2468934 Fax: (965) 2452080

BEIRUT CHAMBER OF COMMERCE & INDUSTRY PO Box 11801, Samayah 2100, Justinian Street Beirut, Lebanon Phone: (961) 1-353390 Fax: (961) 1-866802

GENERAL UNION OF ARABCHAMBERS OF COMMERCE,INDUSTRY & AGRICULTURE P.O. Box 2837-11 Beirut, Lebanon Phone: (961) 1-814269

FEDERATION OF CHAMBERS OF COMMERCE, INDUSTRY & AGRICULTURE P.O. Box 2321 Tripoli, Libya Phone: (218) 21-33755

MAURITANIA CHAMBER OF COMMERCE & INDUSTRY PO Box 215 Avenue de la Republique Mauritania, Mauritania Phone: (222) 2-52214 Fax: (222) 2-53895

FEDERATION OF MOROCCAN CHAMBERS OF COMMERCE 6 Rue Erfoud PO Box 218 Rabat, Morocco Phone: (212) 7-767051 Fax: (212) 7-767076

OMAN CHAMBER OF COMMERCE AND INDUSTRY PO Box 4400 Ruwi, Muscat, Oman Phone: (968) 707674/684/694 Fax: (968) 708497

QATAR CHAMBER OFCOMMERCE & INDUSTRY PO Box 402 Doha, Qatar Phone: (974) 324347/326366 Fax: (974) 324338

COUNCIL OF SAUDI CHAMBERS OF COMMERCE & INDUSTRY PO Box 16683, Riyadh, 11474 Saudi Arabia Phone: (966) 1-4053200 Fax: (966) 1 4024747

MOGADISHU CHAMBEROF COMMERCEINDUSTRY & AGRICULTURE P.O.Box 27 Via Asha Mogadishu Somalia Phone: (252) 3209

SUDAN CHAMBER OF COMMERCE PO Box 1701 Khartoum, Sudan Tel: 249-1172345

FEDERATION OF SYRIAN CHAMBERS OF COMMERCE Damascus - Mousa Ben Nousair St. P.O. Box 5909 Phone No. 0096311 3311504 / 3337344 Fax No. 0096311 3331127

TUNISIAN UNION OF INDUSTRY, COMMERCE & HANDICRAFTS 103 Avenue De La Liberte Tunis, Tunisia Phone: (216) 1-780366 Fax: (216) 1-782143

FEDERATION OF THE U.A.E CHAMBER OF COMMERCE & INDUSTRY. PO Box 3014, Abu Dhabi United Arab Emirates Phone: (971) 2-214144 Fax: (971) 2- 339210

FEDERATION OF YEMEN CHAMBERS OF COMMERCE & INDUSTRYPO box 16990, Hasaba, Airport Road Sana’a Phone: (967) 1-223539 Fax: (967) 1-251551


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Register and use allthe info and serviceswe provide online. Get all the information you need About Arab Business Club’s mem-bership, activities and services.

Follow the club’s latest an-nouncements and updates.

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First Class and Diplomatic Airport Lounges

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FOR ADVERTISING ENQUIRIES CONTACT

Arab Business ClubTel: + 971 4 3583000; Mob: +971 50 703 6116Email: [email protected] ; Web: www.arabbusinessclub.org

Northern Star Publishing & Distributions

Tel: + 971 4 3583000; Mob: +971 50 1598118P.O. Box : 2188, Dubai - UAE.

Email: [email protected] Web: www.northernstar.ae

ABC Magazine provides its classy readers with news updates, trend setting market intelligence, expert analyses, sector reviews, corporate investment opportunities, launches, event updates and many more.

This one-stop resource provides an end-to-end marketing, linking between industry analysts, corporates, government officials and decision makers. It is the only publication where internationl advertises can reach the Arab decision maker and vice versa.

Arab Business Club Magazine is a monthly, market intelligence publication dedicated to members of the Arab Business Club and the international business & investment community. The magazine has a print run of 25,000 copies. With distribution in:

MENA

NORTH AMERICA

EUROPE

RUSSIA & CIS

ASIA

SOUTH AMERICAAFRICA

With a print run of more than 25,000 copies per month, the Arab Business Club Magazine is read by elite decision makers in all industries and sectors including: Company Owners, CEO’s, Top Level Executives, Government Officials.

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arab business club magazine issue 12 february 2013

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