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SI launches Arabic version of Sweden’s official website

SI launches Arabic version of Sweden’s official website

The Stockholm-based Swedish Institute (SI) launched today an Arabic version of Sweden’s official web...

Max Bjuhr Sweden’s new ambassador to the UAE

Max Bjuhr Sweden’s new ambassador to the UAE

The Swedish Foreign Ministry today appointed Max Bjuhr as Sweden's new ambassador to the United Arab...

Wartsila supplies 145MW power plant to Turkish IPP

Wartsila supplies 145MW power plant to Turkish IPP

Finland’s Wartsila has won a contract from Turkey’s Yesilyurt Enerji Elektrik  Uretim, an independen...

Neste Oil starts production at Bahrain joint venture

Neste Oil starts production at Bahrain joint venture

Finland’s Neste Oil said today that it has started commercial production at its base oil joint ventu...

Sweden’s AtlasCopco sees its business on the rise in MENA

Sweden’s AtlasCopco sees its business on the rise in MENA

Swedish industrial equipment manufacturer AtlasCopco is upbeat about prospects for growth in its bus...

Slow Mideast, Europe orders cut Scania production

Slow Mideast, Europe orders cut Scania production

Scania, the Swedish manufacturer of heavy trucks, buses, industrial and marine engines is set to cut...

Swedish Institute to launch Arabic website on 13 October

Swedish Institute to launch Arabic website on 13 October

The Stockholm-based Swedish Institute (SI) is set to launch an Arabic version of Sweden’s official w...

Swedish Trade Council opens new office in Baghdad

Swedish Trade Council opens new office in Baghdad

The Swedish Trade Council has set up a new office in Baghdad to expand trade and economic relations,...

Cargotec cranes for DP World’s London port

Cargotec cranes for DP World’s London port

Finnish cargo and load handling solutions provider Cargotec has signed a cooperation agreement with ...

Political unrest hits mergers and acquisitions in Mideast

Political unrest hits mergers and acquisitions in Mideast

The merger and acquisition (M&A) activity decreased sharply in the Middle East region during the thi...

Swedish trade minister leads business delegation to Iraq

Swedish trade minister leads business delegation to Iraq

Swedish Trade Minister Ewa Bjorling is leading a trade delegation to Iraq from 3-4 October and will ...

UN adopts Swedish initiative for human rights on Internet

UN adopts Swedish initiative for human rights on Internet

The United Nations Human Rights Council (UNHCR) on 30 September adopted by consensus a decision to a...

FLSmidth wins contracts worth €160mn in Mideast

FLSmidth wins contracts worth €160mn in Mideast

Copenhagen-based FLSmidth has won four contracts for engineering services and supplies of minerals e...

Swedish forum highlights the significance of humanity and human rights

Swedish forum highlights the significance of humanity and human rights

More than 2,000 people participated in the annual Swedish Forum for Human Rights held in Stockholm from 14-15 November. The event focused on a number of issues including ...

CGD says Sweden best in the world at supporting poor countries

CGD says Sweden best in the world at supporting poor countries

The Washington-based Center for Global Development (CGD) says Sweden is best in the world at helping poor countries, and its development cooperation tops the world’s 22 w...

Electrolux invests in Egypt to expand MENA operations

Electrolux invests in Egypt to expand MENA operations

A young population aspiring for better standards of living, and the ongoing process of social reforms and democratisation make the Middle East & North Africa (MENA) regio...

Novo Nordisk solution for Diabetes pandemic in MENA region

Novo Nordisk solution for Diabetes pandemic in MENA region

The Middle East & North Africa (MENA) region faces several healthcare challenges that emanate from a high incidence of serious risk factors including smoking, hypertensio...

Sweden's economic and development cooperation relationship with MENA

Sweden's economic and development cooperation relationship with MENA

Sweden has decades old trade and development cooperation relationship with the MENA region. Large-scale Swedish companies including Tetra Pak, Scania, Eletroclux and Al...

Norway and MENA - Trade, maritime, oil & gas, industrial ties and peacemaking

Norway and MENA - Trade, maritime, oil & gas, industrial ties and peacemaking

Norway has many similarities with the oil-rich states of the Persian Gulf. Over the last 40 years it has become a major player in the global oil and gas sector and has ...

Qatar Airways starts direct flights from Doha to Oslo

Qatar Airways starts direct flights from Doha to Oslo

Qatar Airways opened its third Scandinavian route on 5 October with a direct flight from Doha to Oslo, the capital of Norway. The five-times-a-week flight takes the total...

Qatar Airways to start Doha-Oslo flights from 5 October

Qatar Airways to start Doha-Oslo flights from 5 October

Qatar Airways is set to start flying to the Norwegian capital, Oslo, from 5 October. The new service will be the third Scandinavian route for the Doha-based airline, whic...

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DNO to reach 100,000 b/d oil production in Iraq

Norwegian upstream operator DNO International says it is on target to reach 100,000 barrels a day (b/d) oil production in the Kurdistan region of Iraq by the end of 2012. The company currently operates 17 licences in the Middle East & North Africa (MENA) region. "We continue on track to establish 100,000 barrels per day of deliverability from the Tawke license before year end. And we remain confident that in time we will be in a position to place more and more of this oil in both regional and international markets,” says Bijan Mossavar-Rahmani, DNO International's Executive Chairman. DNO has completed drilling of the Peshkabir-1 exploration well at its Tawke field in the Kurdistan region of Iraq and is preparing to test observed oil shows across three potentially producing intervals. DNO says the Peshkabir-1 well was designed to probe a large undrilled feature west of the currently producing Tawke field. The well, spudded in September 2011, reached total depth of 4,092 metres, the deepest well yet for DNO in the Kurdistan region of Iraq. The Tawke-15 well, drilled and completed in 2011 but previously shut in due to low productivity, has now tested 7,000 barrels a day of oil following a just-completed workover operation. The well has been connected to the existing pipeline and processing facilities. A third well, the Tawke-14, is drilling ahead of schedule at over 1,800 meters. The well is located within the northern flank of the field and is another of the planned 2012 wells designed to confirm and delineate the potential of the Cretaceous in an untested up-structure location. DNO International is operator of the Tawke field with a 55 per cent working interest, with Genel Energy holding a 25 per cent and the Kurdistan regional government 20 per cent. DNO International is an Oslo-listed oil and gas company focusing on oil exploration, development and production both onshore and offshore in the Kurdistan region of Iraq, Yemen, Oman, the UAE and Tunisia (ScandinaviaMideast.com).

 

Kuwait Life Sciences seeks innovative partners from Scandinavia

Kuwait Life Sciences Company (KLSC) is seeking to develop partnerships and enter into cooperation agreements with innovative Scandinavian life sciences companies for the transfer of technology and expertise to Kuwait, the Gulf Cooperation Council (GCC) states, as well as the wider Middle East & North Africa (MENA) region. “We are keen on exploring any unique, not me too, ideas, products and services from the Scandinavian region. We are open to invest in innovative joint ventures, to share capital and operational risks with Scandinavian companies that are seeking to enter the expanding markets in the GCC,” KLSC Chairman Qais Marafie told ScandinaviaMideast.com in an interview.Aside from Kuwait, the six-member GCC countries include Bahrain, Oman, Qatar, Saudi Arabia and the UAE. KLSC is owned by the government of Kuwait through the National Technology & Enterprises Company (NTEC), which was set up in 2003 by Kuwait’s Council of Ministers. KLSC focuses on training, clinical trials and innovation in the healthcare sector.The company also works as a facilitator and partner in the GCC for international healthcare ventures and is already providing representation services to companies from Canada, France and the US. It enables its partners to enter new markets, establish bases, as well as develop sustainable joint ventures with regional healthcare organisations in the public and private sectors. “Training for nurses, technicians and other healthcare professionals is a major requirement in the GCC and the Middle East region. Sweden and other Scandinavian countries are quite advanced in healthcare practices and their expertise and technologies are still untapped in our region. We believe that there is very high potential for cooperation and partnerships that could meet our objective of commercialising medicines, medical devices and diagnosis in Kuwait and the GCC,” says Marafie (ScandinaviaMideast.com).

 

Outotec to deliver iron ore pelletising technology to Iran’s Gol-E-Gohar

Finnish engineering firm Outotec has won a contract worth €80-85 million for the design and delivery of technology for a five million tonnes capacity iron ore pelletising plant of Gol-E-Gohar Mining & Industrial Company in Iran’s Kerman province.     "Outotec's pelletising technology was selected due to its ability to process a wide range of iron ores, including the magnetites found in Gol-E-Gohar's deposit," says Outotec Chief Executive Pertti Korhonen.    Outotec says it applied for all relevant export approvals from export control authorities prior to finalising the deal and has received all necessary permits to ensure that the envisaged technology delivery does not collide with the existing embargo regulations.   Outotec will deliver technology for a traveling grate pelletising plant, engineering, key process equipment and advisory services. Civil works and local supply contracts will be carried out by a local contractor (ScandinaviaMideast.com).

 

LEGO sees good growth opportunities in MENA

Denmark's LEGO Group sees good growth opportunities for its toy brands in the Middle East & North Africa (MENA) region. LEGO, the world’s fourth-largest manufacturer of toys has been facing tough competition from toy manufactures from the US and China and is currently focusing on diversifying the range of its innovate toy brands. "MENA is an important market for LEGO with good potential for growth and expansion of our business through our local partners in the region. Like elsewhere in the world, LEGO toys are very popular with youngsters in MENA and aside from entertainment they provide constructive learning and skill development opportunities to children," Glenn Røn Bjerg, LEGO's Senior Regional Manager for EEMEA & Greece tells ScandinaviaMideast.com The name 'LEGO' is an abbreviation of two Danish words 'leg godt', meaning play well. The LEGO Group was founded in 1932 by Ole Kirk Kristiansen. The company, based in Billund in the Juland area of Denmark, has passed from father to son and is now owned by Kjeld Kirk Kristiansen, a grandchild of the founder. It has come a long way over the last 79 years from a small carpenter’s workshop to a modern, global enterprise (ScandinaviaMideast.com).

 

Interview: Swedish Trade Minister Dr Ewa Bjorling

Sweden’s Trade Minister Dr Ewa Bjorling tells Yawar Mian that Middle East & North Africa (MENA) could progress more and faster if it uses the intellectual capacities of its women. The trade minister sees immense potential for economic growth and development in MENA, as well as opportunities for expanding Sweden's trade with the region. Dr Bjorling is a woman on a mission. She travels extensively to MENA to enhance Sweden’s trade and economic partnerships across the region and is a strong advocate for the active participation of women in business to boost economic progress and prosperity. Making productive use of a large number of Swedes with foreign backgrounds, especially from MENA, also ranks high on the minister’s trade development and expansion agenda. Cooperation & Partnerships “The Middle East is our closest neighbour after the EU, there is just a bit of water in between. There are a lot of Swedes with backgrounds from MENA. They understand the culture, speak the language and could build bridges for enhancing business and trade between Sweden and MENA. This could increase exports of Swedish products, services and technologies to the region. We see many areas of cooperation and partnerships including telecommunications, IT, cleantech, and sustainable construction and infrastructure development,” contends Bjorling. The trade minister says the reconstruction of Iraq’s infrastructure is an exciting prospect for Swedish companies. There are many Swedes with Iraqi backgrounds who want to see their country of origin to develop and make progress by using Swedish technology and expertise. To promote Swedish exports, Bjorling led a delegation of Swedish businesses to Iraq in early October and held meetings in Baghdad with Iraqi Prime Minister Nouri Al Maliki and Minister for Trade Khayrullah Babakir, as well as representatives of Iraqi government agencies and businesses. She also inaugurated a new office of the Swedish Trade Council in Baghdad (ScandinaviaMideast.com; 3 October 2011). “We see good opportunities in Qatar emanating from the ongoing and upcoming infrastructure developments that have to be in place in time for the 2022 football world cup. Saudi Arabia is developing its infrastructure at a rapid pace and presents diverse opportunities for Swedish companies to market and promote their products in a rapidly developing market. Egypt has a large and young population and indigenous resources that need technology and sustainable solutions. Sweden has a lot to offer to the whole of MENA region,” Bjorling says. Visit to the UAE and Qatar The trade minister will visit the UAE from 21-24 October where she will hold meetings with officials and business leaders in Dubai and Abu Dhabi, capital of the UAE. She will also participate in a conference on CSR in Dubai, and visit the Masdar city in Abu Dhabi. Through the Swedish Energy Agency (Energimyndigheten), Sweden is a member of the International Renewable Energy Agency (IRENA), which has its headquarters in Abu Dhabi. Energimyndigheten has a small office representing Sweden and Swedish cleantech companies at the Masdar city (ScandinaviaMideast.com; 15 September 2011). After her visit to the UAE, Bjorling will visit Qatar where she will be the keynote speaker at the biennial Middle East Summit organised in the region by the Swedish Trade Council. The 11th Middle East Summit for Swedish companies is being held this year in Doha from 25-26 October. The event will attract several Swedish ambassadors in MENA and will highlight business opportunities for Swedish companies, and updates on major infrastructure projects being undertaken in various countries of the region (ScandinaviaMideast.com; 22 August 2011). Cultural Barriers To realise business and trade opportunities in MENA, it is necessary for Sweden to overcome some challenges and barriers. “There are language barriers, cultural differences and the need for better understanding each others’ way of living, ambitions and aspirations,” says Bjorling. To overcome some of these challenges the Swedish Institute has launched an Arabic version of Sweden’s official website http://www.sweden.se/ar. Bjorling was the chief guest at the diplomatic launch of the website on 19 October at the Swedish Foreign Ministry. Ambassadors from Arabic speaking countries in Sweden were invited to the launch ceremony. The Arabic website provides an interactive platform for exchange of views and ideas to promote sustainable development, and to create opportunities for cooperation. Sweden recognises that its intercultural competence has to improve and that could only be done by listening to others. The website will increase Sweden’s visibility in MENA, as well as create a better understanding of its culture, education system, business environment and expertise. Human rights Despite all the fascinating infrastructure developments and lucrative business opportunities, lack of or limited human rights in the MENA region remain a major cause for concern and are often highlighted by the international media and human rights organisations, as well as criticised by the press and champions of freedom of expression in Sweden and Scandinavia. Some of them contend that Sweden should not do business with countries that violate or do not pay attention to human and labour rights. Bjorling contends that a positive change could only come through constructive dialogue and constant contact with governments of those countries, and reforms are now being introduced and implemented by several countries in the MENA region. “You cannot help the people of the region if you cut links and do not deal with their governments. CSR is an excellent tool to promote human rights. Compliance with the ten guiding principles of the UN Global Compact, which include human rights and labour rights could bring about a positive change for the people of MENA,” she says (ScandinaviaMideast.com; 8 August 2011).

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