us export council News

First Large U.S. Export Finance Transaction with Bahrain, since U.S.-Bahrain Free Trade Agreement Signed

The U.S. Ambassador to the U.A.E, Richard Olson, told delegates to a reception held in Dubai that the U.A.E. has surpassed Israel and Saudi Arabia as America’s largest export market in the MENA region.

In recent weeks, Congressman Bobby L Rush (D-Ill.) has been vocal in his support of U.S. economic and trade development with Africa.

The global economic crisis has been transmitted to Africa primarily through reductions in export revenues and remittances. The downturn has heightened the imperative to strengthen intra-African integration as a means to promote economic development.

The U.S. Export-Import Bank’s Sub-Saharan African Advisory Committee is crafting a pilot project aimed at boosting U.S. exports to the region

The United States Agency for International Development (USAID) and Western Union, a leading global payments network, are counting on innovative thinking and entrepreneurial ideas to help alleviate poverty in Africa.

“High-level engagement has already started” between the Obama administration and Africa, Assistant Secretary of State for African Affairs Johnnie Carson said May 19.

The World Bank expected real growth in the six-nation Gulf Co-operation Council (GCC) and other countries in the Middle East and North Africa (Mena) to reduce from 5.8 per cent in 2008 to less than four per cent in 2009.

“Export growth has been a shot in arm for U.S. manufacturers,” says John Engler, President and CEO of the National Association of Manufacturers (NAM).

“Dubai is one of the fastest growing tourist and commercial centers in the Middle East," said Kevin Knight, United's senior vice president-Planning. “This route answers customer demand for more convenient, nonstop service to the Middle East"

US Companies seeking export sales opportunities and local economic development leaders are invited to participate in the 4th Annual Connect Forum - US Export Council, Trade and Investment Mission to Dubai and Abu Dhabi, March 17th 2009

Gene A. Cretz has been appointed as the United States Ambassador to Libya.

The United States is now Southern Africa's largest trading partner and from this perspective the new administration in Washington could have important implications.

Six heads of state and foreign ministers from 26 countries of the East African Community, Common Market for Eastern Africa and the Southern Africa Development Community gathered for a summit last week.

South African Finance Minister Trevor Manuel says his country will endure the global economic crisis better than other nations because its well-regulated banks have little exposure to bad foreign loans.

The MENA countries (Middle East and North Africa) are investing large sums to develop the world class education and skills necessary to drive innovation, develop new industries and attract foreign investment

Lawyer salaries in the UAE, especially in the banking and financial services sector, are clearly on the rise, climbing to an average of US$23,000 per month for a Head of Legal

Istithmar World, the investment arm of Dubai World, headquartered in Dubai, has opened its second international office in New York City.

By 2050 post US markets will account for almost 50% of the Global Economy. Astute American entrepreneurs are looking outward and focusing on evolving and growing international markets.

Johnny Brown, has made a career of promoting U.S. business and investment around the world. He was often described within the US International Trade Administration of the Department of Commerce as the “Billion Dollar Officer

A recent study published by the Cato Institute shows free trade vastly improves the standard of living

Mobile phone use is a useful indicator of emerging market performance. Mobile phones and other communications technologies, open new markets by reducing distances.

The total liquid assets owned by institutions and nationals from the GCC and Egypt alone were estimated to be $3trn in 2006, and are expected to grow to between $4.5trn and $5trn by 2012.

Impressive rise in import, export and re-export; India top trading partner

Royal Dutch Shell has signed a gas joint venture with the Iraqi state-owned company estimated to be worth four billion dollars, a senior government oil official said today.

its first investment in the hospitality sector. Kor will increase its presence in the Middle East, North Africa and Asia under the partnership, with premier business and resort developments planned to open in Abu Dhabi by 2012.

Dubai has become a hub for the Middle East and is experiencing unprecedented growth in energy, financial services, consumer goods, hospitality, retail, real estate, technology, shipping, and numerous other industries.

US Secretary of State Condoleezza Rice's visit to Tripoli, Libya on September 4, and the settlement of outstanding US and Libyan compensation claims, clears the way for more US firms to enter the Libyan market.

UAE. United Arab Emirates imports of seafood products are projected to reach US$ 382 million in 2008, according to a recent study conducted by the Centre for Marketing Information and Advisory Services for Fishery Products in the Arab Region (UAE).

Opportunities for U.S. manufacturers and investors in South Africa reflect the growth of its consumer base and its efforts to upgrade and develop its infrastructure to match and further fuel its growth.