Business & Management

The Business Year and Investors Group Iran collaborate in research on Iran’s national economies

Iran researchThe Business Year (TBY) has signed a Memorandum of Understanding (MoU) with Investors Group Iran (IGI) to help IGI’s annual research on Iran’s economy

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Siemens signs MoU with Kuwait to push digital transformation

Kuwait MoUSiemens will provide technical education for local workforce in Kuwait through Siemens Power Academy and Siemens Training for Industry


Siemens has taken its knowledge-sharing commitment to Kuwait up a notch and signed a Memorandum of Understanding (MoU) with the Kuwait Foundation for the Advancement of Sciences (KFAS) and Sabah Al Ahmad Centre for Giftedness and Creativity (SACGC). The agreement, drawn up to pave way for the digital transformation of Kuwait, endorses strategic partnership between KFAS, SACGC and Siemens in different verticals.

Siemens will cooperate with KFAS and SACGC in R&D and innovation, digital technologies as well as training and development of the local workforce. The move highlights Siemens’ role as a technology partner for Kuwait in line with the State’s Vision 2035.

Siemens will provide technical education for the local workforce through Siemens Power Academy and Siemens Training for Industry (SITRAIN), in addition to collaborating with several Kuwaiti universities to develop future-focused curriculums. The German conglomerate will also roll out Siemens Mechatronics Systems Certification Programme (SMSCP) at Sabah Al Ahmad Centre for Giftedness and Creativity (SACGC) for students pursuing jobs in automation and manufacturing fields.

“We are pleased to team up with Siemens to enhance the digital and technical capabilities of Kuwaiti youth, who will form the cornerstone of our economy in the future,” said Dr Adnan A Shihab-Eldin, director general of KFAS.

“Education and youth empowerment are key to a sustainable future,” said Herbert Klausner, CEO, Kuwait operations.

 “Collaborating with KFAS and SACGC to train and nurture Kuwaiti talent for the digital world is a great opportunity to highlight public-private partnerships and what they can achieve. Siemens has been a partner of the state of Kuwait for the last 60 years and this MoU reinforces our commitment to the country,” he added.

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Wärtsilä to support operation at Turbah power plant in Saudi Arabia

Hali warWärtsilä and Saudi Arabia-based Hail Cement Company have announced to continue their co-operation by renewing three-year asset management agreement for Hail Cement Company’s power plant in Turbah, Saudi Arabia

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Danfoss appoints new regional president for Turkey, Middle East and Africa

Ziad DanfossDanfoss has announced the appointment of Ziad Al Bawaliz as its new regional president for Turkey, Middle East and Africa (TMA), following the departure of Levent Taskin

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Oman American Business Centre joins the US Chamber of Commerce

OABCThe Oman American Business Centre (OABC) has officially joined the US Chamber of Commerce, a move that marks an important development for the commercial relationship between the US and Oman

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