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    Ministry signs agreement to support Oman’s honey industry

    Ministry signs agreement to support Oman’s honey industry

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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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    Oman inks pack to bolster role of SMEs in food systems

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      Egypt’s Trade minister, Hungarian ambassador discuss economic relations

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      Turkey eyes $5bn bilateral trade with Qatar

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      Miral’s premier Abu Dhabi waterfront project work on track

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      Aecom wins Neom utilities infrastructure design contract

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        Investments in renewables in Egypt reach LE6 bn: Official

        Investments in renewables in Egypt reach LE6 bn: Official

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        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

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          Coronavirus: UAE conducting human trials for Covid-19 vaccine

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          Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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          UAE sends medical aid to Iraq to fight COVID-19

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          UAE launches phase III trial of inactivated Covid vaccine

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          COVID-19 vaccine could be available by autumn: Oxford University

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          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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          Saudi to be among world’s big leisure tourism hubs by 2030

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          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

          MAFWR, Port of Duqm sign MoU

          MAFWR, Port of Duqm sign MoU

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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            • Energy
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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                UAE sends medical aid to Iraq to fight COVID-19

                UAE sends medical aid to Iraq to fight COVID-19

                UAE launches phase III trial of inactivated Covid vaccine

                UAE launches phase III trial of inactivated Covid vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Local businesses in Lebanon driven to expand regionally

              The Daily Star

              October 1, 2012
              in Business
              0

              Lebanon’s relatively small market is driving local businesses to expand regionally, motivated by a wide array of investment opportunities, bigger profit margins and weaker competition, a leading Lebanese contractor told The Daily Star in an interview. Yet none of this success would have been possible were it not for the highly competitive nature of the Lebanese market, which has shaped the know-how of Lebanese firms, says Abdallah Itani, managing director of Arison, a leading Lebanese supplier and assembler of pump and power generator systems.

              Despite the small size of the Lebanese market, businesses can attain here the very experience they need to tap into opportunities across the region

              “Despite the small size of the Lebanese market, businesses can attain here the very experience they need to tap into opportunities across the region. Technical know-how is key,” Itani says.

              In Iraq’s booming Kurdistan market – mainly in Irbil – profit margins are as much as 20 percent higher than in Lebanon, Itani says, highlighting that his company is bidding for projects 10 times bigger than those being won in Lebanon.

              “You cannot even compare Lebanon and other markets. Our biggest project here was around $5 million while the Kurdistan project is worth $45 million in electro-mechanic contracting alone [and worth $90 million in total],” Itani says of a multimillion dollar water treatment and distribution project.

              The Kurdistan semiautonomous government awarded the contract to Arison a few years ago, although his firm had submitted the third most expensive price offer for the project, Itani adds.

              We convinced the region’s officials that the tenders needed to confirm with high quality standards

              “The tender conditions lacked clarity, allowing competitors to lower their bids at the expense of quality. We convinced the region’s officials that the tenders needed to confirm with high quality standards,” Itani explains.

              In the past few years, Irbil has drawn investments from many Lebanese entrepreneurs who were motivated by incentives such as free leasing of land, zero taxation and long-term low interest loans.

              By the end of the 1990s, we realized that we cannot restrict ourselves to the Lebanese market

              “There are no barriers whatsoever,” Itani says. “By the end of the 1990s, we realized that we cannot restrict ourselves to the Lebanese market. We already had expanded across the country and had five showrooms and the market became saturated.
              “Over the years we had also gathered an immense technical experience in addition to significant experiences in electro-mechanical contracting,” he added.

              In 1998, Arison decided to tap the Syrian market, which is easy to invest in given the great similarities with the Lebanese market.

              In 2002, Arison ventured into Abu Dhabi before it entered the booming Iraqi market in 2008 with branches in Irbil. Both expansions were modeled based on the company’s work in Lebanon, Itani says, particularly when it came to assembling generators and pump sets.

              Despite its expansion strategy on the regional level, Arison continues to invest in Lebanon with the goal of exporting its products to regional markets where it is bidding for contracts.

              In the first half of 2012, Arison inaugurated an advanced maintenance, assembly and production facility in Jiyyeh, south of Beirut.

              “Putting together top notch equipment and testing rooms, the new project is set to boost both the pumps and generators operations,” Itani says.

              The new facility also allowed Arison to partner with Fiat Powertrain Technologies to assemble generators for the Lebanese and Iraqi markets, Itani adds.
              The Daily Star
              1 October

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