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Austria and Middle East and Africa Relations

Austrian Hospitality Group Launches Joint-Venture with Iran

Austrian hospitality group DoN will provide catering for Iran's rail customers under a joint venture DoNA launched with a private Iranian entrepreneur Mohammad Khalaffi, Don's spokesman told APA.

August 22, 2016

Austrian Ministerial Council Approves EUR 1.5 Mln for Iraq Humanitarian Aid and Resettlement

The Austrian Ministerial Council approves 1.5 million euros in funding for humanitarian aid and resettlement in Iraq. The humanitarian aid for the population in need on the ground and measures aimed at promoting resettlement are supposed to contribute towards managing the refugee crisis.

July 15, 2016

Austrian Post's Turkish Subsidiary in Conflict with Majority Owner

Post AG is involved in a buyback conflict regarding the Turkish subsidiary. Post took over a 25-percent stake in Turkish parcel delivery service Aras Kargo in 2013; it had been granted an option to buy another 50 percent of the shares. The company has been negotiating to use the option for a year now, but has been unable to reach a compromise.

July 5, 2016

Austrian Post Takes Over 30% of Advanced Commerce Labs

Austrian listed postal group Post AG is taking over 30 percent of Styrian firm ACL (Advanced Commerce Labs) which is specialised in e-commerce and online trade, Kleine Zeitung writes in its Saturday issue. The former sole owner was EOSS Industries, a Graz-based investment firm. The price has not been disclosed. ACL employs about 100 people. The transaction volume in e-commerce amounts to about EUR 150 million (USD 167 million) per year. ACL’s revenue reached EUR 6 million in 2015.

July 4, 2016

Azeri Socar Interested in OMV's Petrol Ofisi

Azeri State-owned oil company Socar is considered interested in the Turkish subsidiary of OMV, the company Petrol Ofisi. The Azeri company will tackle the possible acquisition in September.

June 20, 2016

20 Years Comprehensive Nuclear-Test-Ban Treaty (CTBT): Ministerial Meeting at VIC

Marking the 20th anniversary of the signing of the Comprehensive Nuclear-Test-Ban Treaty (CTBT), a Ministerial Meeting was held at Vienna International Center. Hosting some 40 international organizations, Austria is a hub for the promotion of peace, safety and security, sustainable development and the fight against crime, drug abuse and terrorism.

June 20, 2016

Austrian Trade Mission to Lagos, Nigeria

Several Austrian companies from various industry sectors are looking for strong local partners and new opportunities for cooperation in Lagos.

May 20, 2016

Austria's EU-Turkey Refugee Agreement Payment to Be Made in Autumn

Austria wants to pay its contribution to the EU-Turkey refugee agreement in autumn. The first installment is to be paid in Q4 2016, a spokesperson of the Finance Ministry said. Austria is to contribute EUR 45.6 million to the scheme.

April 21, 2016

Linz-Based Unit of Bilfinger Delivers EUR 10 Mln Pipe System to Egypt

Bilfinger VAM, a Linz-based unit of German construction firm, will enjoy a capacity utilisation until autumn thanks to the contract for a pipe system in Egypt, the company said. The firm shares the EUR 10 million (USD 11.3 million) deal with another Bilfinger unit.

April 7, 2016

Starwood Sells Hotel Imperial Vienna for EUR 71 Million

Starwood Hotels & Resorts Worldwide, Inc. announced that it has closed on the sale of Hotel Imperial Vienna, a Luxury Collection Hotel, to Al Habtoor Investment - the investment arm of UAE conglomerate Al Habtoor Group for 71 million euros. As part of the transaction, all rooms and suites of the iconic hotel will be renovated over the next four years. Hotel Imperial will continue to operate as part of The Luxury Collection brand under a new long-term management agreement.

February 26, 2016