Business & Management

Saudi crown prince visits France to strengthen bilateral ties

ssslllWith Saudi Arabia’s crown prince Mohammed bin Salman’s visit to France, both the countries look forward to build bilateral trade relations to strengthen security, economy and business between them

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‘ICT expansion and transport upgrades reshape Bahrain’s economy’

Bahrain ICTBahrain has focused on ICT and infrastructure development to drive economic growth, a move that helped the country to make 2017 a record year for inward investment, according to a new report by Oxford Business Group (OBG), the global research and consultancy firm

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Egypt’s digital forensic lab to improve IPR’s protection and enforcement

Egypt piracyThe government of Egypt has announced to set up a specialised digital forensic lab for intellectual property as part of its enforcement schemes of combating software piracy

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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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