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There is a strong recognition among Middle East national oil companies (NOCs) today of the need to build differentiating capabilities through investing in research and development (R&D). ​

As the telecommunications industry faces a mixed financial outlook and rapid change, telecom operators in South Asia, the Middle East, and North Africa are undergoing a transformative journey.​

The Iranian economy strongly recovered in 2016, on the back of a significant rise in oil production and exports, following the removal of nuclear related international sanctions. However, unemployment remains high and non-oil sector activity remains subdued, as anticipated foreign investment flows have not materialized, in the absence of a full integration of the banking sector with the global banking system and continued uncertainties regarding full implementation of the JCPOA. Growth prospects in the medium term are modest.

Global banking-industry performance has been lackluster. Now comes the hard part: the rise of nonbanking platform companies targeting the most profitable parts of the banking value chain.

For millenniums, Iran has prospered as a trading hub linking East and West. Now, that role is set to expand in coming years as China unspools its “One Belt, One Road” project, which promises more than $1 trillion in infrastructure investment — bridges, rails, ports and energy — in over 60 countries across Europe, Asia and Africa. Iran, historically a crossroads, is strategically at the center of those plans.

With most sanctions lifted, Iran is going all-in on its potential to become a transport hub in the heart of Eurasia, returning the country to its traditional position as a vital link between East and West.<br>However, Iran’s transportation dreams have a major problem in the current reality: decades of sanctions have left the country’s rail lines archaic and in disrepair.

Recent developments: Growth in the Middle East and North Africa is estimated to have slowed sharply to 1.8 percent in 2017 from 5 percent the year before. The slowdown in growth among oil exporters, driven by oil production cuts and continued geopolitical tensions, has more than offset a pickup among oil-importing economies. Fiscal adjustments also held back growth among both oil-importing and oil-exporting economies in the region.

Industrial Management Institute has signed two memorandums of cooperation with Fachhochschule des Mittelstands (FHM) and Angelo-German Doctoral School.<br><br>“The IMI intends to further the international collaborations with Germany, boosting cooperation with German universities in industrial education”, said Mr. Kiani Bakhtiar, the managing director of the Industrial Management Institute in Tehran.<br><br>&nbsp;<br><br>“European universities are interested in partnership with Iranian universities and given IMI’s background in education, industrial cooperation in the education field sounds promising”, said Hamid Doust Mohammadian, head of the cooperation project between Iran and Germany’s universities.&nbsp; <br><br>&nbsp;<br><br>This memorandum has been signed with the aim of advancing academic, industrial and management cooperation. Both sides have agreed on a number of collaborations, including students and faculty exchange, joint educational centers, and holding events and conferences in Iran and the Middle East.<br><br><br><br>Furthermore, they believe there is a great potential for building a relationship between management and industries, planning for applied sciences, establishment of growth centers, designing new programs for consultation, management of engineering, and launching joint DBA and MBA programs.